TIME premine
Last updated
Last updated
The premine program started on October 2023 and ended at January 2025.
The cumulative allocated premine TIME as of January 12, 2024 (snapshot for TGE) is: 3.27% of the supply
The TIME token premine serves as an incentive mechanism for Timeswap protocol participants, including Lenders, Borrowers, and Liquidity Providers. During the premine phase, users will receive non-transferable TIME tokens, which can be later claimed for TIME tokens during the Token Generation Event (TGE).
TIME tokens earned during the premine phase can be claimed at a 1:1 ratio with no vesting schedule during the TGE.
The rewards Annual Percentage Rate (APR) is calculated based on a $40 million Fully Diluted Valuation (FDV), following the valuation of our previous funding round. The Rewards APR will decrease linearly due to the time decay in rewards.
Here's how the Rewards APR changes over time
The list of incentivised pools can be found in this .
