In Time
Inspired by the movie In Time,
SEC is a currency that automatically burns tokens by the second. You can earn
seconds throught the time faucet.
Terminology
- Active Time - Time that is automatically deflationary by the second
- Stable Time - Time that is store in a Time Bank
- Open Account - A wallet that has a balance in the Time Bank
- Closed Account - A wallet that no longer has a balance in the Time Bank
- Negative Balance - When a wallet runs out of time there's a negative balance that also increases by the second
SPEC: ERC20 In Time Token
An ERC20 compliant In Time implementation of the countdown protocol. Tokens can be freely traded with any ERC20 compliant wallet holders.
- Once you run out of time you can only gain more time if you can cover the negative balance.
Time Bank
A stable ERC20 version of In Time where you can store your time when you are not using it. When time is deposited here it will not burn.
- You cannot transfer to other wallets
- By depositing your active time, you convert it to stable time.
- You cannot withdraw your stable time to a wallet that doesnt have
active time left, unless it covers the negative balance, even if it is
your account. - This is the token that will be used for exchanges
Time Faucet
A place you can earn time. Earning time is also deflationary.