PANews November 5 news, Timefun announced that it will close the existing platform and transition to a new product and brand. The official stated that the points obtained by users on Timefun will be migrated to the new application, and no additional points will be issued; the platform will retain the sale of creator Tokens and fund withdrawal functions for several months, advising users to withdraw and export their 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 points has been taken earlier, and the final distribution will be retained and continued to the new application. The creator Token is the SPL Token and will continue to exist on-chain.

Odaily News Timefun announced that it will gradually shut down its existing creator Token platform, and the platform will only retain fund withdrawal and asset transfer functions in the future 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 instead build a next-generation social platform based on encryption technology. He pointed out that although the team still sees long-term potential in creator Tokens, the current market user activity and transaction demand are obviously insufficient, making it difficult for the model 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," aiming to allow 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 is the long-term mainline of encryption, and Timefun's new chapter will focus on building real relationships and