PANews, November 5th news, Timefun announced that it will close the existing platform and shift to a new product and brand. The official stated that the points earned by users on Timefun will be migrated to the new application, and no new points will be issued; the platform will retain the sale of creator Tokens and fund withdrawal functions for several months, and it is recommended to withdraw and export the Secret Key as soon as possible. The new application does not involve creator Tokens and focuses on new social primitives, remaining a long-term encryption application. A Snapshot of the points has been taken previously, and the final distribution will be retained and carried over to the new application. The creator Tokens are SPL Tokens, which will continue to exist on-chain.