How and Where to Buy Wonderland (TIME) – Detailed Guide
- What is TIME?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy ETH with fiat money
- Step 3: Transfer ETH to an Altcoin Exchange
- Step 4: Deposit ETH to exchange
- Step 5: Trade TIME
- Last Step: Store TIME securely in hardware wallets
- Other useful tools for trading TIME
- Frequently Asked Questions
- Latest News for TIME
- TIME Price Prediction and Price Movement
What is TIME?
What Is Wonderland (TIME)?
Wonderland is one of the most popular and most successful Olympus DAO forks. It was the first decentralized reserve currency protocol available on Avalanche. Each unit of TIME is backed by different reserve assets like Magic Internet Money and liquidity tokens. This mechanism, which was copied from OHM, ensures that TIME has an intrinsic value it cannot fall below.
Through a series of economic and game-theoretic dynamics, Wonderland aspires to build a policy-controlled currency system on the AVAX ecosystem. TIME becomes the ecosystem's unit-of-account and medium-of-exchange currency. The token's declared short-term goal is to optimize growth and weather creation. Instead of aspiring to reach a pegged value like an algorithmic stablecoin, TIME should, over time, reach a stable value backed by a basket of goods that does not include any fiat currency.
Who Are the Founders of Wonderland?
Although TIME was officially created by an anonymous team, it is closely aligned with Abracadabra.money, a lending platform using interest-bearing tokens to create Magic Internet Money, an algorithmic stablecoin. Abracadabra was founded by Daniele Sesta, an Italian web3 developer who also invented Popsicle Finance and is considered one of the most important developers in the DeFi space.
Although Wonderland does not have official partnerships with Olympus, the two protocols co-exist in a rivalrous and complementary way. On the one hand, Wonderland lured away many of Olympus' stakers by offering more attractive yields, yet OHM stakers can also borrow against their collateral on Abracadabra.money.
What Makes Wonderland Unique?
Even though Olympus sparked an abundance of forks that wanted to cash in on its mechanism to acquire protocol-controlled liquidity, Wonderland stands out as one of the first and, therefore, one of the most successful forks of the original protocol.
The basic mechanism utilized by Wonderland is identical to that of Olympus. Each unit of TIME is backed by a treasury consisting of MIM and various liquidity tokens. Were TIME to fall below its backed value, the treasury would buy back and burn TIME to push the price back above its floor. However, there is no upside limit to the price of TIME.
Individuals can choose between two different investment strategies: bonding and staking. Bonding equates to minting new TIME and buying it from the treasury for a discount. After a vesting period of five days, bonders can choose to stake their newly-acquired TIME or sell it on a secondary market. Bonding is an active investment strategy since new TIME is vested linearly over the 15 epochs, with each epoch consisting of eight hours. Bonders can decide after each epoch whether to stake or sell, depending on the price action.
Staking is a passive investment strategy that allows the accrual of TIME via auto-compounding. Each staked unit of TIME automatically increases every epoch (eight hours) based on the current APY. That way, stakers benefit from the expansion of TIME supply and keep their share of TIME constant relative to the total supply. Since the APY offered on staked TIME is close to 90,000%, stakers benefit from maximizing the time they stay staked and expanding their share of the entire supply. Therefore, the price of TIME is only of secondary importance, as the massive APY can outperform a falling price.
Related Pages:
Check out Klima DAO (KLIMA) — an environment-themed OHM fork.
Check out Snowbank (SB) — an OHM fork on the Avalanche blockchain.
Read our deep dive into Olympus DAO.
Get the latest crypto news and latest trading insights with the CoinMarketCap blog.
How Many Wonderland (TIME) Coins Are There in Circulation?
The total supply of TIME has no cap, as TIME aspires to reach a stable valuation in the long term. Currently, each unit of TIME is backed by roughly $1,700 of reserve assets in the treasury. The treasury balance of Wonderland is just short of $700 million, with a runway of almost 400 days. That means Wonderland could pay staking rewards for 400 days even if it has no new revenue coming in through acquiring reserve assets via bonding.
The total value locked of Wonderland is the biggest of any Olympus DAO fork and stands at over $1 billion.
How Is the Wonderland Network Secured?
Wonderland launched on Avalanche. The Avalanche consensus mechanism is distinct from proof-of-stake or proof-of-work since it does not have one leader processing transactions that others validate. Instead, nodes process and validate transactions simultaneously, with validators' random polling ensuring that transactions are correct with statistical certainty. Therefore, near-immediate finalization can be achieved, significantly improving the blockchain's speed.
Where Can You Buy Wonderland (TIME)?
TIME is available on Gate.io, Pangolin and TraderJoe.
TIME was first tradable on 2nd Sep, 2021. It has a total supply of 1,155,830.092. As of right now TIME has a market capitalization of USD $18,276,297.23. The current price of TIME is $15.81 and is ranked 3846 on Coinmarketcap and has recently surged 39.61 percent at the time of writing.
TIME has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Ethereum from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy TIME.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, Ethereum (ETH). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.
Select Fiat-to-Crypto Exchange for details:
- UpHold
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy ETH with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose Ethereum, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.
Step 3: Transfer ETH to an Altcoin Exchange
- Gate.io
But we are not done yet, since TIME is an altcoin we need to transfer our ETH to an exchange that TIME can be traded, here we will use Gate.io as our exchange. Gate.io is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.
Gate.io is an American cryptocurrency exchange that launched 2017. As the exchange is American, US-investors can of course trade here and we recommend US traders to sign up on this exchange. The exchange is available both in English and Chinese (the latter being very helpful for Chinese investors). Gate.io’s main selling factor is their wide selection of trading pairs. You can find most of the new altcoins here. Gate.io also demonstrates an impressive trading volume. It is almost every day one of the top 20 exchanges with the highest trading volume. The trading volume amounts to approx. USD 100 million on a daily basis. The top 10 trading pairs on Gate.io in terms of trading volume usually have USDT (Tether) as one part of the pair. So, to summarize the foregoing, Gate.io’s vast number of trading pairs and its extraordinary liquidity are both very impressive aspects of this exchange.
After going through a similar process as we've done before with UpHold, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.
Step 4: Deposit ETH to exchange
Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.
If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'ETH address', this is a unique public address of your ETH wallet at Gate.io and you can receive ETH by giving this address to the person to send you the funds. Since we are now transferring our previously bought ETH on UpHold to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.
Now head back to UpHold, go to the Transact screen and click on ETH on the "From" field, choose the amount you wan to send and on the "To" field choose ETH under "Crypto Network", then click "Preview withdraw".
On the next screen, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.
After reviewing, click 'Confirm' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to Gate.io!
Now go back to Gate.io and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the Ethereum network, during busy times it may take even longer.
You should receive a confirmation notification from Gate.io once your ETH has arrived. And you are now finally ready to purchase TIME!
Step 5: Trade TIME
Go back to Gate.io, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.
In the right column there is a search bar, now make sure "ETH" is selected as we are trading ETH to altcoin pair. Click on it and type in "TIME", you should see TIME/ETH, select that pair and you should see a price chart of TIME/ETH in the middle of the page.
Below there is a box with a green button that says "Buy TIME", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your ETH deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy TIME". Voila! You have finally bought TIME!
Last Step: Store TIME securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your TIME for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Frequently Asked Questions
Can I buy TIME with cash?
There is no direct way to buy TIME with cash. However, you can use marketplaces such as LocalBitcoins to first purchase ETH, and finish the rest of the steps by transferring your ETH to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy TIME in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.
Are there any alternative platforms to buy TIME or Bitcoin with credit cards?
Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.
Read more on Wonderland's fundamentals and current price here.
Latest News for TIME
