Wonderland (TIME): tokenomics, risks and score
An Olympus fork on Avalanche that collapsed in 2022 after its anonymous treasury manager was revealed to be a convicted fraudster and co-founder of a collapsed exchange.
What Wonderland is, and what it does
This asset has failed. It is recorded here so that a search returns what actually happened rather than promotional material that is still online.
What the TIME token itself does: It can be staked to earn rewards, though a large part of those rewards is newly issued token rather than earned revenue.
Where it runs: Avalanche. Mechanism: Olympus style rebasing treasury. It has been running since 2021, so roughly 5 years.
The facts
- TICKER
- TIME
- SECTOR
- Failed and defunct
- CHAIN
- Avalanche
- LAUNCHED
- 2021, so around 5 years of operating history
- MECHANISM
- Olympus style rebasing treasury
- MAXIMUM SUPPLY
- No hard cap, heavily inflationary
- VALUE CAPTURE
- Staking only
- UPGRADE CONTROL
- DAO governed
- VESTING
- Complete
- LIQUIDITY BAND
- Micro cap. Thin, often a single venue or pool. Treat the quoted price as indicative only.
How the score breaks down
Each dimension is explained on the directory page, and the reasoning behind it is taught in the Academy research process.
Supply and value capture
High ongoing issuance. New tokens are minted continuously and holders are diluted unless they participate. Holders can stake to earn rewards, though much of that reward is newly issued rather than earned revenue.
Changes go through token holder governance, so control is distributed but influenced by whoever holds most. Ownership is heavily concentrated. A small number of wallets hold enough to determine the price on their own.
Where it is strong and where it is not
- None. The project collapsed in 2022.
- Its anonymous treasury manager was a convicted fraudster
- Extremely high inflation funded yields that were pure dilution
- Fell over ninety nine percent within days of the revelation
- No meaningful operation remains
Incident history
The pseudonymous treasury manager was revealed to be a convicted fraudster who had co-founded a collapsed exchange. The token fell over ninety nine percent within days and the project wound down.
Our read
The main risk
The project collapsed after its anonymous treasury manager was exposed as a convicted fraudster.
Before you buy anything
Check the contract address against the project's own documentation rather than a search result or a screener link, since impersonation tokens with identical names and logos are listed constantly. Check the order book depth before assuming you can exit at the quoted price. And write down what would make you wrong before you buy, not after. The Academy thesis module covers why that single habit protects more capital than any indicator.