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By using Cryptologi.st you are agreeing to our terms and conditions. Cryptologi.st provides general data charts only and they are not investment advice.
Table of Contents
Wonderland is a fork of Olympus and is the first decentralized reserve currency protocol on Avalanche Network. Wonderland is based on TIME token, which is backed by "a basket of assets," e.g., MIM, TIME-AVAX, LP Tokens, etc., in the wonderland treasury, giving it an intrinsic value that it cannot fall below. Wonderland also introduces economic and game-theoretic dynamics into the market through staking and minting. The project's primary goal is to become a DAO (Decentralized Autonomous Organization). The team members are mostly anonymous, and so far, only the founder's identity is known.
In order to participate in the market, two strategies are available: Minting and staking. stakers stake TIME tokens and receive more TIME tokens, and minters provide LP or MIM tokens and receive discounted TIME tokens in return after a fixed vesting period.
The stakers' benefit comes from supply growth. The stakers' profit will come from the auto-compounding balances, but price exposure is also essential. The protocols mints new TIME tokens from the treasure, and the majority is then distributed to the stakers. In simpler terms, if the increase in token balance outpaces the potential drop in price, stakers would benefit.
Stakers stake their TIME tokens on Wonderland and earn rebase rewards. These rewards are from bond sales proceeds and vary based on the number of TIME tokens staked.
By staking, you lock TIME tokens and, in return, will receive an equivalent amount of MEMOries. These MEMOries balance rebase rewards up at the end of every stage. MEMOries are transferable and composable with other DeFi protocols.
By unstaking, your MEMOries are burned, and you receive an equal amount of TIME tokens back. By unstaking, the user will forfeit the upcoming rebase rewards. However, this does not affect other staked TIME tokens.
Even if the market price of TIME drops below the price of the time of purchasing, with a long enough staking period, the increased TIME balance should outpace the fall in price.
The minters' benefit comes from price consistency. By committing a capital upfront, minters are promised a fixed return at a set point in time. The return is given in TIME, ad the minters' profit depends on the TIME price when the minted TIME matures. In simpler terms, minters benefit from the rising or static price of TIME.
By minting TIME tokens, users are selling their assets to buy a bond from the protocol. Minting is a bridge between a fixed income product, a future contrast, and an option.
Wonderland accumulates its liquidity by allowing users to purchase bonds. Liquidity is called POL in Wonderland Network. Increased POL ensures locked exit liquidity in the trading pools to facilitate market operations and secures the token holders.
To learn more about minting and staking, check out Wonderland's official documentation.
Danielle Sestagalli is the founder of Wonderland, Popsicle Finance, and Abracadabra. He's not so new to the crypto world. He started with Bitcoin already in 2011. He showed up in the industry back in 2018 with his project named the Zulu Republic.
Many OHM forks' leaders chose to remain anonymous, but Daniele Sestagalli has shown his face, suggesting he'll be the one responsible if anything goes wrong. He is the lead figure and visible leader of the company, but not the main programmer.
In August 2021, Popsicle Finance was hacked, and tokens worth more than $25,000,000 were stolen. This caused the price of $ICE to crash, but instead of abandoning the project, the team financed the stolen tokens and returned them to the robbery victims.
Danielle Sesta isn't the type of director who is obsessed with high-society etiquette and speaks politely. His frank and straightforward tone is quite rare and unique amongst other CEOs.
TIME started trading on September 2021 at the price of $548.37, which is also its all-time low price. There are a total of 200,661 TIME tokens, and all of them are in circulation. TIME has a market capitalization of $1,676,122,369 and is ranked #96 in the market cap rankings. In its early days, TIME's market cap rank was #774.
TIME hit its all-time high on November 7, 2021, at $10,063.72, and its current price is in the $8,000 range.
A great capable marketing team and brand awareness have a direct impact on the success of any project. In 3 months, the project's Twitter followers increased by 5244%, and Telegram group members were raised by 1364%. Not to mention Co-Founder Daniele Sestagalli is very active on Twitter.
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