Author: TechFlow
Bitcoin fell to $86,000, and the market was in mourning.
When the panic and anxiety brought by the decline are shrouded, the market often pays more attention to the new ways of asset issuance.
Yes, although $SOL fell to around $130, it does not affect the enthusiasm of the Solana ecosystem projects to launch new projects. Yesterday, two new asset launch platforms, Time.fun and Super.exchange, continued to ferment and were hyped up.
1.Time.fun: Is your time very valuable?
Strongly promoted by Solana executives
Yesterday, Solana co-founder Toly (@aeyakovenko) "issued a coin", but unlike the celebrity coins previously launched on pump.fun, this time Toly chose the platform called Time.fun, a SocialFi platform where you can sell your own time.
After its token $toly (toly's minutes) was launched, its peak market value reached $20 million, and the current market value is around $8 million, with a unit price of $80/piece, or $80/minute.
This pricing method based on time is the innovative mechanism of Time.fun.
Similar to the previously popular Friendtech, Time.fun allows creators to convert their social sharing opportunities into tokens, but this time it is priced by time (per minute). Fans can purchase these time tokens to gain the opportunity to interact with the creator. These interaction forms include basic functions such as private messages and group chats, and there are plans to introduce richer interaction methods such as voice/video calls and auctions in the future. Creators can earn fee income from each token transaction, maximizing the value of their time.
Time.fun was previously known as Circle.tech, and was initially deployed on the Base ecosystem, and has recently officially launched on the Solana ecosystem. Toly not only chose to be the first to join Time.fun, but also praised the project itself: "Business communication is my favorite crypto use case".
Similarly, Mert Mumtaz (@0xMert_), an important member of the Solana ecosystem, also expressed recognition for Time.fun and issued his own token $mert on Time.fun.
How to participate?
Go to the Time.fun official website: https://time.fun/login, first register and log in through email.
Transactions on the platform are priced in USDC, and you don't need to connect an existing wallet, the platform will generate a dedicated wallet account for you. You need to deposit USDC on the Solana network into the account, which can be done through credit card, Apple Pay, and crypto transfers.
After depositing funds, select the celebrity Ticker you want to trade, and there is no limit on the amount of money you can buy, you can price it by time unit or US dollar unit.
In addition to buying others' time, you can also sell your own time. It is worth noting that users who issue time tokens on the platform must go through identity verification, which also ensures that the celebrity tokens purchased on Time.fun are genuine.
2.Super.exchange: Trade first, then buy coins, the earlier you enter, the more advantageous?
Super.exchange is a comprehensive variant of Pump.fun + Hyperliquid, improving two core gameplay of the current asset issuance platform: the growth curve and the integral incentive system.
Next, I will briefly explain its working principle from the perspective of technical implementation and user participation.
Super Curve based on Pump.fun improvement
Unlike the internal and external plate mechanism of Pump.fun, the Super Curve of Super Exchange divides the life cycle of the token into multiple stages through a combination of 7 curves
(xⁿ * y = k, where n is 32, 16, 8, 4, 3, 2 and 1 respectively)
:
Low market value stage (high n value): The curve is gentle, allowing the token price to rise slowly, avoiding early investors buying too many tokens at once and then dumping them quickly.
Medium and high market value stage (low n value): The slope of the curve gradually increases, ensuring that there is sufficient liquidity support when the price rises.
In simple terms, this design prevents large players from obtaining a huge amount of tokens in the early stage, and to some extent avoids the phenomenon of the token trend being disrupted by a single large holder dumping the market.
Integral incentive mechanism
In addition to relying on improved launch curves to ensure institutional fairness, the incentive mechanism of using platform points to purchase the platform token $SUPER is the main means to attract users to enter the market.
Point distribution rules
Points are issued every 5 minutes, and the total amount is dynamically calculated by the following formula:
As the total supply of SUPER tokens decreases, the points issued in each cycle will gradually decrease, which means that the earlier participants will have higher returns.
80% of the points are distributed to traders, and the points they receive are linked to their trading behavior and token quality: the larger the trading volume, the higher the liquidity and user base of the traded tokens, the more points they will receive
20% of the points are rewarded to the inviters, and users can obtain 25% of the points of the invited new users.
Points and tokens binding
The points accumulated by users can be used to purchase the platform token $SUPER at a fixed price, with an exchange ratio of 1:1. The official will use 50% of the transaction fees to repurchase and burn $SUPER.
So early users who purchase $SUPER at a fixed price will be lower than the long-term repurchase + burning $SUPER market price. Currently, the market value of $SUPER is around $210,000, and from the price curve, early participants have already made a profit.
Summary
In general, the two platforms have obvious differences in their models, but they are both trying to explore new paths for asset issuance through mechanism adjustments:
Time.fun divides celebrity time into tradable tokens, which is essentially trying to realize the monetization of social influence on the chain through a different way of issuing coins. Its core depends on the personal traffic of the creators, and in the short term it may gain heat due to the endorsement of Solana bigwigs, but in the long run, it needs to verify the willingness of users to pay and the sustainability of the creators' enthusiasm for building.
Super.Exchange exhibits the "attracting small capital and retail investors" gameplay through innovative curves and token repurchase + burning mechanisms. But in the long run, the PVP among small capital may be more likely to evolve into a short-cycle one, and the appeal of the integral incentive is highly dependent on the price expectation of $SUPER, which may be weakened if the market continues to be sluggish.
Unfortunately, the current market sentiment is not good. Whether it is the time selling of Time.fun or the point-grabbing of Super.exchange, if the market enthusiasm continues to decline, the current pursuit of these new assets may only be the helpless move of small capital in the face of the fear of decline. Whether the short-term heat can be transformed into long-term value, and the willingness of the team to continue building the project itself, still occupy the main part.
As a user, it is not stingy to try and embrace new opportunities, which may be a viable way to find new opportunities in the market's confusion. But still pay attention to risks and participate cautiously, DYOR.
