Check out the Timeswap airdrop and compare your results to other users!
Timeswap
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Updated:
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Rewards
Reward Results
$1,800 $5,000
Details
Minimal cost
~$30
Minimum deposit
$200
Time required
15 min.
Category
Mainnet
Rating
5/10
Risk
Medium
Timeswap announced the TIME Token Generation Event (TGE), set to take place on January 21, 2025, on Hyperliquid L1. This marks a significant milestone following their successful IDO on Fjord Foundry. As a gesture of appreciation, Timeswap conducted a retroactive airdrop to reward loyal users and contributors.
Key Airdrop Details:
- TGE Date: January 21, 2025
- Platform: Hyperliquid L1
- Airdrop Distribution: Eligible users have received TIME tokens directly in their Hyperliquid spot balance.
Token Allocation Breakdown (Total Airdrop: 10.03% of Supply):
Premine (3.26%)
- Incentivized lenders, borrowers, and liquidity providers (LPs) from October 2023 to January 2025.
- Final snapshot: January 12, 2024.
- Rewards: Non-transferrable TIME tokens, convertible 1:1 into liquid TIME at TGE.
- Distribution: Linear decay model, favoring early contributors.
Retroactive Airdrop (5.26%)
- Rewards for Timeswap V1 & V2 users based on:
- Holding duration, transaction volume, unique pools interacted with, and total transactions.
- Eligibility Criteria:
- V1 Users: Minimum $300 in total volume.
- V2 Users: Minimum $100 in total volume.
- Distribution: Tiered system with a linear decay model for long-term, high-value contributors.
Community Drop (0.96%)
- Rewards participants of past initiatives, including:
- Timeswap NFT holders, Galxe, Zealy, QuestN campaigns, partners, ambassadors, and gamified testnet users.
Hyperliquid Drop (0.56%)
- Recognizes contributions from the Hyperliquid ecosystem:
- 0.50% for users staking HYPE with HypurrCo X Nansen Validator (snapshot: January 15, 2025).
- 0.06% for contributors supporting Timeswap deployment (e.g., Shuri and Louis from HypurrScan).
Airdrop Value Estimates:
Based on $TIME trading between $0.05 and $0.14, the value of the airdrop is estimated as follows:
- Minimum Claim (10 $TIME): $0.50 to $1.40
- Average Claim (36,160 $TIME): $1,800 to $5,000
- Maximum Claim (8,752,045 $TIME): $437,600 to $1,220,000
Pros
Less Competition
Small user base and daily volume make it easier to participate.
Varied Features
Offers borrowing, lending, and liquidity, useful for optimal results.
Upcoming TGE
TGE planned for Q1 2024, opportunity for users to accumulate points.
Reputable Backing
Support from known investors indicates stability and trust.
Cons
Active Involvement
Requires regular, time-consuming user engagement.
Funds Unclear
Lack of disclosure on total funds raised raises transparency concerns.
How to participate?
Every type of opportunity has its common rules. Following these closely can significantly increase your chances of qualifying for the potential rewards. Here is a list of recommendations from our team designed to maximize your chances of benefiting from this opportunity.
- Timeswap's Low Competition: Timeswap has about 3000 daily users and a daily volume of around $134m. Moreover, the TVL is around $11m, with pool TVL ranging from $200k to $600k. This indicates that there's relatively low competition, and small, regular transactions should be sufficient for participation. You should allocate around $200 to participate in this opportunity, plus gas fees. These $200 will be in pools and you’ll be able to withdraw them. However there’s a risk of losing part of it, as you’ll deal with volatile pool.
- Using All Timeswap Functions: It's important to use all of Timeswap's features, including borrowing, lending, and providing liquidity. These activities should be used equally for the best results. There is no official data regarding how much you should interact, but you can aim for $10,000 of borrowing/lending volume.
- Regular Weekly Activities: Engage in Timeswap activities weekly, rotating between borrowing, lending, and providing liquidity. This consistent involvement is key.
- Focus on Incentivized Pools: When using Timeswap, concentrate on pools that offer incentives, as these are the ones that reward users with points. Avoid pools that don't offer such incentives.
- Preparation for Timeswap's Token Event: The Token Generation Event (TGE) for Timeswap's token is planned for the first quarter of 2024. This is a good time to accumulate as many points as possible, enhancing your potential benefits from the event.