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Is Wonderland crypto real?

Wonderland is a decentralised reserve currency protocol, and one of the first Olympus forks on the Avalanche blockchain network. Its TIME cryptocurrency token is backed by a treasury of liquidity tokens, including magic internet money (MIM). The MIM token is native to the Ethereum blockchain and bridged to Avalanche.

Similarly, What is Wonderland TIME crypto? Wonderland (TIME) is a popular fork of Olympus that operates on the network of Avalanche. The platform claims to be the first decentralized reserve currency protocol. The native token of Wonderland is TIME. Wonderland (TIME) aims to develop a policy-controlled currency system on the Avalanche (AVAX) network.

Then, Does Wonderland TIME increase prices?

Wonderland Token Price Prediction 2023

Experts are already ready to invest in Wonderland (TIME) and the token has an evaluated price of $7,411.21 USD by the end of the year 2023.

And How much is Wonderland coin worth? TIME Price Statistics

Wonderland Price $91.10
24h Low / 24h High $90.23 / $97.56
Trading Volume24h $661,517.84 3.14%
Volume / Market Cap 0.1297
Market Dominance 0.00%

How does wonderland work crypto? Wonderland is the first decentralized cross-chain reserve currency protocol on the TIME token. Each TIME token is backed by a basket of assets (e.g., MIM, TIME-AVAX LP Tokens etc etc) in the Wonderland treasury, giving it an intrinsic value that it cannot fall below.

Who created Wonderland crypto?

Wonderland Treasury Manager Outed as QuadrigaCX Co-Founder

0xSifu, the pseudonymous treasury manager of the troubled Avalanche-based protocol Wonderland Money, has been identified as Michael Patryn, a former convict and co-founder of the collapsed cryptocurrency exchange QuadrigaCX.

How long does Wonderland APY last?

With the amount of Time Wonderland tokens out there, the treasury has enough to back up every token at a price of over 2 000 usd. And it has enough money to maintain this apy for the next 421 days. So the treasury balance should give you some peace of mind that Time Wonderland is actually backed by physical money.

How does Wonderland generate APY?

How is the APY calculated? It raises to the power of 1095 because a rebase happens 3 times daily. Consider there are 365 days in a year, this would give a rebase frequency of 365 * 3 = 1095. Note that the reward rate is subject to change by the protocol.

How often does Wonderland TIME payout?

Staking on Wonderland

Once you stake, rebase happens every eight hours. This allows you to automatically earn a reward yield every eight hours, as pre-determined by the platform. In fact, you don’t need to claim and restake any rewards. This is all done automatically, leveraging the magic of compounding.

Where can I buy Wonderland TIME crypto?

How to purchase TIME using a decentralized exchange.

  • Find TIME on a decentralized exchange and make sure Wonderland can be traded for AVAX which is the native asset of Avalanche. …
  • Buy AVAX to trade for TIME using an exchange like Crypto.com. …
  • Transfer the AVAX into a web 3.0 wallet like MetaMask to connect to the DEX.

How do you get TIME tokens in Wonderland?

Who is 0xSifu?

0xSifu, the pseudonymous treasury manager of the troubled Avalanche-based protocol Wonderland Money, has been identified as Michael Patryn, a former convict and co-founder of the collapsed cryptocurrency exchange QuadrigaCX.

What is the APY of Wonderland?

Below is a screenshot of Wonderland’s page. As you can see, it currently offers APY around 81,000% and it’s been varying in the past from over 60,000% to around 90,000%. You can receive it by staking your TIME tokens and the rewards are paid out in MEMO (Memories) tokens, which are an equivalent of TIME.

How do I buy crypto TIME wonderland?

How to purchase TIME using a decentralized exchange.

  1. Find TIME on a decentralized exchange and make sure Wonderland can be traded for AVAX which is the native asset of Avalanche. …
  2. Buy AVAX to trade for TIME using an exchange like Crypto.com. …
  3. Transfer the AVAX into a web 3.0 wallet like MetaMask to connect to the DEX.

Why is Wonderland crypto dropping?

The Market Correction Hits

Despite the theory that cryptocurrency should be a non-correlated asset, Bitcoin and the majority of crypto projects also saw major drops in prices. This caused Wonderland’s coins ($TIME & wMEMO) to drop in prices rapidly, causing the price to drop by 95% from its all-time high.

What is Wonderland TIME backed by?

Wonderland’s TIME tokens are backed by a basket of assets issued over the Avalanche blockchain, giving the tokens an intrinsic value. TIME is what the platform calls “money” – a wholly decentralized means of value backed by liquidity provided by the platform’s users.

How do you get crypto in Wonderland?

Go to CoinMarketCap and search for Wonderland. Tap on the button labeled “Market” near the price chart. In this view, you will see a complete list of places you can purchase Wonderland as well as the currencies you can use to obtain it.

Where can I buy Wonderland TIME crypto?

Go to CoinMarketCap and search for Wonderland. Tap on the button labeled “Market” near the price chart. In this view, you will see a complete list of places you can purchase Wonderland as well as the currencies you can use to obtain it.

What is AVAX coin?

Avalanche (AVAX) is a cryptocurrency and blockchain platform that rivals Ethereum. AVAX is the native token of the Avalanche blockchain, which—like Ethereum—uses smart contracts to support a variety of blockchain projects. 1. The Avalanche blockchain can provide near-instant transaction finality.

What does staking mean in crypto?

Staking offers crypto holders a way of putting their digital assets to work and earning passive income without needing to sell them. You can think of staking as the crypto equivalent of putting money in a high-yield savings account.

What is Wonderland staking?

Staking involves locking TIME tokens within the Wonderland protocol. In return for locking away liquidity and, therefore, again boosting the protocol’s treasury, investors can earn a compounding return on investments.

What is APY in crypto?

APY, or annual percentage yield, is a standard calculation of the rate of return used in traditional finance as well as crypto. It includes the effects of compound interest, which can increase the amount earned. The higher the APY, the more money investors make.

How do you buy crypto time?

You cannot purchase TIME directly, so you need to have another currency to swap for TIME. The easiest cryptocurrency to use is AVAX, as you’ll be using the Avalanche Blockchain to trade your tokens for Wonderland (TIME).

How do I invest in crypto Wonderland?

How to buy Wonderland

  1. Check CoinMarketCap to see where you can buy Wonderland and with which currencies. For each cryptocurrency, CoinMarketCap provides a list of purchasing options (also known as market pairs). …
  2. Pick a platform to make your purchase. …
  3. Make the purchase on your chosen platform.

Where can I buy AVAX crypto?

In 2021, Coinbase began AVAX trading on its platform, both at Coinbase.com and on the iOS and Android versions of the Coinbase app. Customers are now able to buy, sell, send, and convert tokens on the Avalanche network via the platform. Coinbase offers several advantages to users wanting to buy crypto.

What happened to Michael Patryn?

Patryn had been convicted of identity fraud and spent time in federal prison in the U.S. At that time, he went by the name of Omar Dhanani and became “Michael Patryn” after serving his time, something he had previously denied as recently as 2019.

How do I buy Wonderland from Coinbase?

Go to CoinMarketCap and search for Wonderland. Tap on the button labeled “Market” near the price chart. In this view, you will see a complete list of places you can purchase Wonderland as well as the currencies you can use to obtain it.

How do I get AVAX crypto?

How to Buy AVAX

  1. Open an online account. You’ll need to make an online account with a crypto brokerage that supports AVAX in order to purchase the token. …
  2. Buy a wallet (optional). Cryptocurrency wallets allow you to store your crypto assets safely. …
  3. Make your purchase.

What do you think?

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