Introduction

Asset tokenization is changing the way we perceive and trade financial resources. In the world of crypto-assets, tokens synthesize a wide range of real assets in digital format. However, are there limits to what can be tokenized?

After some experience as investors and developers in DeFi, we noticed that there is no tangible concept of time in DeFi. Although we all know what time is and how to define it, we believe that there are no satisfactory alternatives to represent it as a truly usable and tradable asset, especially in the way it is available to people and things.

With that, we realized that it is possible to transform time into a quasi tangible asset and generate value for it. However, there are some problems to consider, as we are dealing with a theoretically inflationary resource whose value is quite relative.

To tackle this issue, we have developed an ERC-20 token, called TIME, which represents time in its tokenized form and solve some common economic problems related to its value acquiring and inflationary nature.

With TIME, we turn time into an easily tradable asset in the DeFi environment, opening up numerous financial possibilities, from receivables anticipation to time banking markets and universal basic income.

TIME has some interesting characteristics. One of them is that it does not have a fixed total supply but is offered according to its production.

The production of tokens by a wallet/address is started when a fee activation is paid for it into the protocol. Also, it is linked to the time between asset production intervals. When a user activates their wallet and starts asset production, the number of tokens generated will be proportional to the time elapsed between these two events.

Moreover, the TIME token contract operates in a community-oriented manner, offering incentives to producers on the units produced. Every time a swap or an new activation is made directly in the platform, a portion of the fees (in the native cryptocurrency of the underlying network) is distributed among all holders of the asset and can be claimed at any time.

With TIME, we have created a new way of doing business by turning time into money. Which can provide several potential applications.