According to TechFlow, on January 10, according to official news, the lending protocol Timeswap released the TIME token economic model. The total supply of TIME is 1.75 billion, the initial circulation is 20% (10% airdrop + 10% community round), and 50% of the token distribution is allocated to the community, including: 10% reserved for discounted community rounds through Fjord Foundry, 10% reserved for retroactive rewards, of which about 3.6% is used for pre-mining, and the remaining 6.4% is used for airdrops. The initial circulation of TGE only includes the above 20%. The remaining 30% is used for future distribution, for liquidity mining, ecosystem development, grants, etc., and a maximum of 10% is unlocked each year.
In addition, 20% is allocated to the team, locked for 12 months and unlocked in 36 months; 15% is allocated to investors, locked for 6 months and unlocked in 24 months; 15% is allocated to the treasury for future ecosystem development, liquidity supply/market making, etc. Timeswap said it will conduct a round of community sales on Fjord Foundry, and details will be announced in the next few days.