Time.fun announces closure of creator token platform, transitioning to a crypto social application

ChainCatcher News, Timefun founder Kawz stated that Time.fun will gradually shut down its existing creator token platform, and in the future, the platform will only retain fund withdrawal and asset transfer functions to complete the transition to a brand-new product form. The new application will completely abandon the creator token model and instead build a next-generation social platform based on cryptographic technology. He pointed out that although the team still believes in the long-term potential of creator tokens, the current market shows a significant lack of user activity and trading demand, making it difficult for the model to support sustainable product development.

Kawz further stated that the new social platform will be designed around "on-chain identity and social incentives," aiming to allow users to naturally generate on-chain assets and reputation systems through social interactions, rather than relying on speculation-driven token issuance. The new product has entered the internal testing phase, and a product preview and test invitation plan will be announced in the coming weeks.