TIMEC is a currency that aims for fast and cheap inter-exchange transactions. No more waiting for 10s of minutes or even hours for your transactions to come through!

We aim to speed up the crypto world and serve as the next-gen inter-exchange currency.
We provide a blocktime of just 10 sec which leads to transactions confirmation of under 2 minutes.
This opens a new branch in crypto trading - the inter-exchange trading.

Auction starts Friday 2nd of March 8 PM (20:00) GMT

Scroll down to read Auction rules.

Coin name: TIMECoin
Ticker: TIMEC
Algorithm: Skein
Max Supply: 40.000.000 coins
Coin Type: PoW and MasterNodes
Block Reward Distribution: 50% MN 50% Miner
Masternode collateral: 10.000 TIMEC
Block Time Average: 10 seconds
Transaction maturity: 6 blocks
InstantSend Confirmation: ~5 seconds
Premine: 1.25% (More premine info in the FAQ section)
Instamine Protection: 1 day - 0.1 reward
Block maturity: 24 Blocks
Block Reward: 1 TIMEC per block
Reducing every year by 25% of previous block reward

http://explorer.timec.io/

https://altmix.org/coins/75-TIMECoin

Wallet Port: 30000 RPCPort: 29000

https://github.com/time-coin/timecoin.io/

https://discord.gg/3kEkctJ

https://t.me/joinchat/AAAAAEXN8EakDfVfMRELuA

https://twitter.com/Timecoin1

http://timec.io/

https://www.southxchange.com/Market/Book/TIMEC/BTC

https://wallet.crypto-bridge.org/market/BRIDGE.TIMEC_BRIDGE.BTC

Auction rules:
Make sure to join our discord for the auctions!
https://discord.gg/3kEkctJ

Our auctions will be controlled using our discord bot.
Please keep the #auction-bids channel strictly for bidding, We've created #auction-discussion for people to ask questions or talk during the auction.

Please use the following format when making a bid when an auction has started:

!bid 0.5

- Bids only in BTC. No ETH or other coins.
- Bot will tell you when auction starts.
- Bids increment by 0.01 no less!
- You have 1 hour to pay for you masternode after the auction ends, if you fail to pay your masternode will go on auction again.
- Bids are final, if you bid we consider this a serious bid. If you don't honor your bid you will receive a ban.
- Auction starts at 0.5 BTC

FAQs

How will the auction funds be used?

5 masternodes at 0.3 = 1.5 btc
25 masternodes starting at 0.5 = 12.5 btc
Total = 14 btc

Funds used for :
masternodes.online = 0.2 btc
tradesatoshi.com = 0.5 btc
southxchange = 1.5 btc
crypto-bridge = 3 btc
stocks.exchange = 0.5 btc
Total = 5.7 btc

The leftover funds will be used for advertising or future exchange listings

What price are the masternodes being sold for in the auction?

5 masternodes will be sold at 0.3 btc
The remaining 25 masternodes will start the auction at 0.5 btc.
Please send me a message if you are interested in participating in the auction so I can give you the appropriate role.

How will the premine be spent?

Masternodes = 350k
5 x for the team
5 x pre-sale
25 x auction

Bounties
External Block Explorer
Retweet Campaign
Signature Campaign
Blog writings or articles
More TBD

Will we consider more auctions?

If there is a large enough demand for more masternode auctions we will start a poll

Is there a block reward reduction at any point?

Reducing every year by 25% of previous block reward
Year 2 = 0.75
Year 3 = 0.56

Which will continue to reduce till 0.16 per block

Roadmap

2018 Q1
Release TIMEC
Linux and Windows wallets
Masternodes
Exchanges listing
List on masternode lists

2018 Q2
Web wallet
Campaigns
Marketing strategy
More exchanges

2018 Q3
Start PoS Implementation
More coming soon...