Time.fun announces the closure of its creator token platform and is transforming into a crypto social application

The founder of Timefun, Kawz, stated that Time.fun will gradually shut down its existing creator token platform, retaining only the functions for fund withdrawals and asset transfers to complete the transition to a new product form. The new application will completely abandon the creator token model and instead build a next-generation social platform based on cryptographic technology. He pointed out that although the team still sees long-term potential in creator tokens, the current market's user activity and trading demand are clearly 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 identity and social incentives," aiming to allow users to naturally generate on-chain assets and credit systems through social interactions, rather than relying on speculation-driven token issuance. The new product has entered the internal testing phase and will announce a product preview and testing invitation plan in the coming weeks.