With APY as high as 88,000%, Wonderland (TIME) has become the new sensation of wealth creation in the crypto community. Learn more about why this Olympus fork is different than the others. Covered: What Is Wonderland Crypto? What Makes Wonderland Crypto Unique? Partner & Team Tokenomics What Is Wonderland Crypto? Wonderland (TIME) is a fork […] The post What Is Wonderland? appeared first on CryptosRus.

What Is Wonderland?

With APY as high as 88,000%, Wonderland (TIME) has become the new sensation of wealth creation in the crypto community. Learn more about why this Olympus fork is different than the others.

Covered:

  • What Is Wonderland Crypto?
  • What Makes Wonderland Crypto Unique?
  • Partner & Team
  • Tokenomics

What Is Wonderland Crypto?

Wonderland (TIME) is a fork of Olympus (OHM). It is a decentralized financial (DeFi) infrastructure that utilizes token staking and bonding features that create high staking APY to incentivize users to participate. Furthermore, Wonderland is also the first decentralized reserve protocol on the Avalanche (AVAX) Network based on the TIME token.

The most attractive aspect of Wonderland is its high staking APY. The APY went up to as high as 88,000% in December of 2021 and continues to fluctuate. The unbelievably high APY’s are attainable through the auto-compounding executed daily, bonds or minting, and staking in the treasury. The project reached a $1 billion treasury balance milestone in January of 2022. The team aims to create a true DeFi protocol on the AVAX network with Wonderland. And in the meantime, “optimize the system for growth and wealth creation.”

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What Makes Wonderland Unique?

What is unique about Wonderland compared to other Olympus forks is the ongoing updates and involvements that its founder Daniele Sestagalli continues to implement. According to Sestagalli’s Twitter thread, the team will be implementing some massive changes. For example, they move the liquidity away from TraderJoe into Sushiswap, emphasizing the importance of investing in wMEMO (wrapped MEMO) and not TIME, and working on their cross-chain expansion into Fantom. Currently, their documentation stated that minting TIME using AVAX had been discontinued.

Sestagalli has also hinted about involving the project in the blockchain gaming space. The Wonderland team also announced that they have “a diverse set of investments lined up across Q1,” with the first investment being betswap.gg, a decentralized crypto betting platform.  

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Partner & Team

The founder and lead developer of Wonderland are said to be Daniele Sestagalli, a Swiss developer with an impressive resume. He is also the founder and CEO of Popsicle finance ($ICE), Abracadabra ($MIM), and a partner of Wonderland. He has also been involved in many other blockchain projects. Sestagalli has a huge fanbase and is very active on Twitter.

Apart from Sestagalli, the rest of the team remains anonymous.

TIME Crypto Tokenomics

TIME is the native token of Wonderland. MEMO is also a native and governance token of Wonderland that is rewarded to the users when they stake TIME on the platform. As mentioned above, there is currently a massive change occurring with the Wonderland structure and TIME tokenomics.

Currently, TIME can be minted and exchanged using MIM. Every time TIME is minted, the process will go to the Wonderland Treasury. A corresponding amount of TIME will be minted and distributed to three parties:

  • Minter: The minter will receive the quoted amount of TIME minted linearly over the vesting term.
  • DAO: The DAO gets the same amount of TIME as the minter, representing the DAO profit.
  • Stakers: The rest of TIME will be distributed among all the stakers in the protocol.

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Wonderland Crypto Concerns

The biggest concern for Wonderland is that it is an Olympus fork, which is famous for turning into rug pulls. The high APY is intriguing but more riding on the token price. Unfortunately, the recent dip in the crypto market sent many Wonderland earnings to red. The reality of crypto is that this won’t be the last dip, and there will be many more to come. Even though Sestagalli and the team are proactive in ensuring the project is successful, there is very little transparency. Currently, Wonderland is also going through some big changes. Overall, this is a risky project, but the reward could be massive if you hold on long enough.

Where To Buy TIME Crypto?

You can purchase TIME crypto through Gate.io and TraderJoe exchange similar to how you would buy another cryptocurrency. You can either place a market buy or a limit buy. With a limit buy, you determine the price you are willing to pay, and your order gets filled once the token price reaches your limit price. If you want to get your hands on the token quickly, you can place a market order, where you agree to pay the current price and have your order filled almost immediately. If you are interested in purchasing TIME you can do so by visiting Gate.io.

The post What Is Wonderland? appeared first on CryptosRus.