⚙️Employer

The TIME token was created with the intention of serving multiple use cases. As the token symbolizes time, it can be utilized as a form of payment for goods and services, remuneration for hourly work, and as a means to expedite receivables, among a myriad of other possibilities. With this in mind, we have developed and introduced the Employer.

Employer Frame: Earn rewards by depositing native and TIME tokens together.

The Employer is an additional contract developed by the TIME Token Finance team, offering one of the many utilities available with TIME. It incentivizes users to deposit their native network tokens along with TIME, which are then utilized to calculate interest earnings and generate profits through the Community Pool feature. To reduce token inflation, the deposited TIME is slowly burned. All funds received by the Employer are returned to investors. Moreover, a fixed permanent fee of 2% is applied over the deposits to discourage immediate withdrawals.

Furthermore, users have the option to enable their wallets for earnings anticipation within the Employer by paying an anticipation fee. This feature allows enabled users to utilize their equivalent TIME to anticipate the earnings offered by the contract, eliminating the waiting period. The anticipation enabling fees also contribute to liquidity provision and enhance the overall earnings provided by the Employer.

To close the automatic trading cycle, we have established a mechanism to feed the Employer with the resources obtained through the Time is Up (TUP) token, as detailed later. In this way, investors will always have utility for TIME within the platform.

ATTENTION: Please note that the contract operates on a countdown of your TIME tokens deposited as a measure of the elapsed time for calculating gains on the deposited amount. In this regard, if you ever run out of Remaining TIME, meaning it reaches 0 (zero), you will no longer earn additional gains, and the TIME Compensation counter will compensate for any subsequent TIME deposits you make, even if they are for anticipation. Therefore, be careful not to let your Remaining TIME run out, or at the very least, withdraw your funds when this happens.