📄Tokenomics

The overarching concept behind the Time is Up (TUP) token is to offer investors a more streamlined investment mechanism by automating a significant portion of user actions within the smart contract. Additionally, the platform aims to enhance the value of TIME through an automatic mechanism of purchases and burning.

As a result, once an investor holds the TUP token, they gain access to the entire system, empowering them to adopt a range of strategies, from straightforward buy-and-hold approaches to more intricate ones...

The primary advantage of TUP lies in its liquidity: it cannot be minted without native token collateral. In other words, to produce any unit of TUP on the Polygon network, for example, a certain amount of MATIC must be provided as initial liquidity, either within decentralized exchanges (Quickswap, Pancakeswap, Uniswap, Sushi, etc.) or the TUP token's smart contract itself. Furthermore, the resources used for minting TUP are distributed among other contracts and protocols on the timetoken.finance platform. Consequently, investing in TUP automatically adds value to the other assets and contracts within the system.

TUP holders receive dividends every time someone mints new tokens, incentivizing them to acquire and hold TUP. The Employer contract also receives resources from TUP to close the cycle between TIME buyers and sellers. However, minting is not the only way TUP acquires resources. The protocol also obtains resources through various other means, such as:

• Automatic arbitrage through Flash Loans / Flash Swaps;

• Support for Flash Mint, where fees are charged for resource utilization.

Also, TUP can be partially backed by the TIME token. To make this possible, a portion of the corresponding collateral in the native token must hold an equivalent value to the desired quantity of TIME to be used. In this manner, the same quantity of TIME utilized is promptly burned right after the creation of TUP tokens.

In summary, what every investor in our platform needs to remember is:

• TUP is burned in proportion to the amount of TIME used to generate it.

• When someone generates TUP without TIME, part of the resources are distributed directly to the Employer and holders.

• When someone sends any other native token on the network to the TUP contract, they buy TUP instead of minting it, unless there is no TUP available in the contract to be bought.

• TUP closes the loop between the purchase and sale of TIME. Although we are still developing more incentives for the purchase and use of TIME, the majority of incentives are in the trading of TUP. Therefore, if you want TIME to have more value, trade more TUP or, at least, encourage its production.

• TUP makes regular token burns, including burns in external LPs (Uniswap, Sushi, Quickswap, etc.). This pushes the price up and helps to provide more automatic arbitrage events for the contract.