The crypto space has been developing at a fast pace, and there are more interesting projects that are boosting the industry to the moon.
The industry has been showing its resilience and powerful features especially during 2020 and 2021, years during which the whole world has been faced with what we can call one of the biggest crises of our generation – the pandemic.
One of them is Wonderland – the very first decentralized reserve currency protocol available on the Avalanche Network based on the TIME token.
According to the official notes, each TIME token is backed by a basket of assets in the Wonderland treasury – this offers it an intrinsic value that it cannot fall below.
It’s also important to note the fact that Wonderland introduces economic and game-theoretic dynamics into the market through staking and minting.
Ecosystem and ultimate goal
Another essential issue that we want to mention is the fact that this ecosystem wants to bring uniformity to the market by offering consistent pricing for a representative basket of goods.
Wonderland also made sure to reveal earlier in September that it was revamping its parameters for TIME bonds.
The ecosystem added a higher maximum purchasable value to existing treasury liquidity.
Wonderland also introduced a lower discount in order to maintain current price growth and new bonds on the AVAX network.
As Investing.com noted not too long ago, TIME’s ultimate goal is “to become a global unit of account and a medium of exchange.”
On the other hand, it’s also important to note the fact that the platform is still relatively new in the market and has yet to provide a clear pathway for future events to look forward to.
We suggest that you check out all the available details about this ecosystem on the original website.
Stay tuned for more exciting and interesting news from the crypto space.