In Time

Inspired by the movie In Time, SEC is a currency that automatically burns tokens by the second. You can earn seconds through the time faucet.

Terminology

• Active Time - Time that is automatically deflationary by the second
• Stable Time - Time that is stored in a Time Bank
• Open Account - A wallet that has a balance in the Time Bank
• Closed Account - A wallet that no longer has a balance in the Time Bank
• Negative Balance - When a wallet runs out of time there's a negative balance that also increases by the second

SPEC: ERC20 In Time Token

An ERC20 compliant In Time implementation of the countdown protocol. Tokens can be freely traded with any ERC20 compliant wallet holders.

• Once you run out of time you can only gain more time if you can cover the negative balance.

Time Bank

A stable ERC20 version of In Time where you can store your time when you are not using it. When time is deposited here it will not burn.

• You cannot transfer to other wallets
• By depositing your active time, you convert it to stable time.
• You cannot withdraw your stable time to a wallet that doesnt have
  active time left, unless it covers the negative balance, even if it is
  your account.
• This is the token that will be used for exchanges

Time Faucet

A place you can earn time. Earning time is also deflationary.