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

Timefun has announced the gradual closure of its existing creator token platform, retaining only fund withdrawals and asset transfers as it transitions to a new product model. Timefun founder Kawz stated that the new application will completely abandon the creator token model, instead building a next-generation social platform based on crypto technology. He pointed out that while the team remains optimistic about the long-term potential of creator tokens, current market user activity and transaction demand are clearly insufficient, making the existing model unsustainable for product development. 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 a reputation system through social interactions, rather than relying on speculative token issuance. "We believe social interaction is the long-term theme of crypto, and Timefun's new chapter will focus on building real relationships and an on-chain value network," 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.