Timefun announces the closure of its creator Token platform and the transition to a new encryption social application.

Odaily News Timefun announced that it will gradually shut down its existing creator token platform, with the platform in the future retaining only fund withdrawal and asset transfer functions to complete the transition to a new product form. Timefun founder Kawz stated that the new application will completely abandon the creator token model and shift towards building a next-generation social platform based on encryption technology. He pointed out that although the team still sees the long-term potential of creator tokens, the current market's user activity and trading demand are clearly insufficient, and the model has become difficult to support the sustainable development of the product. Kawz further stated that the new social platform will be designed around “on-chain identification and social incentives,” with the goal of allowing users to naturally generate on-chain assets and credit systems during social interactions, rather than relying on speculation-driven token issuance. “We believe that social interaction is the long-term main line of encryption, and Timefun's new chapter will focus on building real relationships and on-chain value networks,” he added. The Timefun team revealed that the new product has entered the internal testing phase and will announce a product preview and testing invitation plan in the coming weeks.