Hourglass

Project Overview

Hourglass (WAIT) is an ERC-20 token launched on the Ethereum blockchain that implements a novel tokenomics system designed to incentivize holding through a 'time-weighted' mechanism. The project aims to create a token where longer-term holders receive greater benefits through a mathematically-driven reward structure.

Purpose and Utility

The primary stated purpose of WAIT is to serve as a store of value with an innovative mechanism that rewards patient holders. The token implements a system where holding power increases over time, creating what the developers call 'time-weighted tokenomics.'

Business Model Analysis

The project operates through smart contracts that handle the token mechanics and distribution. The core functionality revolves around token ownership and transfer, with no lending, interest-bearing mechanisms, or gambling components in the base protocol.

Development Activity

The project maintains an open-source codebase with regular updates to the smart contracts and documentation. The development team appears to be actively working on expanding the ecosystem and implementing new features.

Token Distribution

Token distribution information indicates a fair launch model with no pre-mine for the development team. Tokens are distributed through decentralized exchanges and direct peer-to-peer transfers.

Current Usage

The token is primarily used for trading and holding on various decentralized exchanges. While the project is in its early stages, the core functionality of time-weighted tokenomics is operational and being utilized as intended.