> For the complete documentation index, see [llms.txt](https://polywatch.gitbook.io/polywatch-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://polywatch.gitbook.io/polywatch-whitepaper/usdtime/tokenomics.md).

# TOKENOMICS

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### Disclaimer

The native cryptographically-secure fungible protocol token of the POLYWATCH Project (ticker symbol **$TIME**) is a transferable representation of attributed governance and utility functions specified in the protocol/code of the POLYWATCH Project, and which is designed to be used solely as an interoperable utility token thereon.

$TIME is a functional multi-utility token which will be used as the medium of exchange between participants on the POLYWATCH Project in a decentralized manner. The goal of introducing $TIME is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on the POLYWATCH Project without any intermediaries such as centralised third party entity/institution/credit. It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. $TIME does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $TIME entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Switzerland, Singapore or any relevant jurisdiction. $TIME may only be utilised in the POLYWATCH Project, and ownership of the same carries no rights, express or implied, other than the right to use $TIME as a means to enable usage of and interaction within the POLYWATCH Project. The secondary market pricing of $TIME is not dependent on the effort of the POLYWATCH Project, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.

Furthermore, $TIME provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on the POLYWATCH Project, thereby creating a mutually beneficial system where every participant is fairly compensated for their efforts. $TIME is an integral and indispensable part of the POLYWATCH Project, because without $TIME, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on the POLYWATCH Project. Given that additional $TIME will be awarded to a user based only on its actual usage, activity and efforts made on the POLYWATCH Project and/or proportionate to the frequency and volume of transactions, users of the POLYWATCH Project and/or holders of $TIME which did not actively participate will not receive any $TIME incentives.
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<figure><img src="https://1366195086-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FPhoRIDaeMu489yEEIjQ9%2Fuploads%2F2l2to1nKUDCysTTZpByk%2F654.png?alt=media&amp;token=e0c622af-9bf8-45dd-8fdd-d9c86a9c94b3" alt=""><figcaption></figcaption></figure>

**IMPORT $TIME TO YOUR WALLET :**                                                                                                                                                                        &#x20;

•Smart Contract Address: 0x40617B73b3115ba887405B503FeF32c98a7dB714

•Symbol: TIME

•Decimals: 18

## $TIME Utility

* **Buy others POLYWATCH: use $TIME to buy others POLYWATCH on our marketplace**
* **Evolve your Polywatch : use $TIME to gain exp and evolve your Polywatch---  WE WILL BURN EVERY TOKEN USED TO EVOLVE POLYWATCHES**
* **Get rewarded with $TIME for just owning your POLYWATCH**
* **Governance features:** to promote community-oriented governance, the largest $TIME token holders can become representatives of the TIME Council. The $TIME Whaleswill be councillors. The TIME Council is a community body that is periodically consulted for legally non-binding recommendations related to the Product, Token Distribution, and Product Design.
* **Merch drop vouchers:** $TIME can be used to purchase license and merchandise products.&#x20;
* **Purchasing in-game items**

### ⚡️ In Short

* Max. supply: 100 million token
* Distribution period: 72 months
* Polygon blockchain
* Token ERC-20

## Allocation

<figure><img src="https://1366195086-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FPhoRIDaeMu489yEEIjQ9%2Fuploads%2FPJtU3DkBe4gYCRSlwQxP%2Fimage.png?alt=media&amp;token=8a35879f-f215-4005-b381-ea520e93ce8f" alt=""><figcaption></figcaption></figure>