TIME Token Utility

`The TIME token is the native governance and utility token of the Zeitgeist platform. It plays a crucial role in the ecosystem, providing various benefits and incentives to holders. This page details the specific utilities of the TIME token.

1. Governance Voting:

• Core Utility: The primary function of the TIME token is to grant voting rights in Zeitgeist's decentralized governance system.

• Decision-Making Power: TIME token holders can propose and vote on changes to the platform, including:

  • Adjusting fee parameters (base fee, dynamic fee multipliers).

  • Modifying the OSSR formula and reward distribution.

  • Approving new AI agent roles and responsibilities.

  • Setting risk limits for AI "Liquidity Bots."

  • Adding or removing oracles (if applicable).

  • Approving major protocol upgrades.

  • Allocating funds from the platform treasury.

  • And many other key decisions (see the "Specific Governance Powers" page for a complete list).

• Voting Mechanisms: Zeitgeist uses a hybrid voting system:

  • Direct Voting (1 TIME = 1 Vote): For most proposals.

  • Quadratic Voting: For sensitive decisions (fees, agent parameters) to mitigate whale influence.

• Participation Requirements:

  • Proposal Threshold: 10,000 TIME required to submit a proposal.

  • Quorum: 5% of the circulating TIME supply must participate for a vote to be valid.

  • Voting Period: 7 days (standard), 14 days (major changes).

2. Fee Discounts:

• Tiered Discounts: Users who hold (or stake) TIME tokens receive discounts on trading fees. The higher the holdings, the greater the discount.

• Example Tiers (Subject to Governance):

  • Tier 1: Hold >1,000 TIME - 10% fee discount.

  • Tier 2: Hold >10,000 TIME - 25% fee discount.

  • Tier 3: Hold >100,000 TIME - 50% fee discount.

• Rationale: Incentivizes holding TIME, reduces trading costs for active users, and rewards loyalty.

3. Staking Rewards (OSSR):

• Earning TIME: Liquidity providers (LPs) earn TIME tokens through the Outcome-Specific Staking Rewards (OSSR) system.

• Accuracy-Based Rewards: OSSR rewards LPs based on the accuracy of their liquidity provision, relative to the final outcome of the prediction narrative.

• Multi-Factor Calculation: The OSSR considers:

  • Brier Score (a measure of prediction accuracy).

  • Time-Weighted Accuracy (rewarding early liquidity).

  • Confidence-Weighted Accuracy (optional).

  • Narrative Relevance Bonus (optional).

• Pool-Based Distribution: Rewards are typically distributed from a dedicated pool of TIME tokens.

4. Agent Token Access:

• Unlocking Premium Features: Holding TIME tokens may be required to access certain premium features or interactions related to the AI agents, especially those involving Agent Tokens.

• Synergy: This creates a connection between the platform token (TIME) and the individual agent tokens (e.g., XMUSK, CR7). It incentivizes users to hold both.

• Examples:

  • Holding TIME might be required to purchase Agent Tokens.

  • Holding TIME might grant access to more detailed sentiment analysis data from a specific agent.

  • Holding TIME might be required to participate in "Reputation Staking" on an agent's actions.

• Specifics Determined by Governance: The exact ways in which TIME unlocks Agent Token features are subject to governance and may vary between agents.

5. Liquidity Mining:

• Targeted Incentives: Zeitgeist may run liquidity mining campaigns to incentivize liquidity provision for specific prediction narratives or during specific periods.

• Earning TIME Rewards: LPs who participate in these campaigns can earn additional TIME tokens, on top of the standard trading fees and OSSR.

• Campaign Parameters: The details of each campaign (duration, reward amounts, eligibility criteria) will be clearly communicated.

6. Collateralized Narrative Creation:

• Narrative creation: To create new narratives and the relating prediction markets, the creator needs to lock a certain amout of TIME token as collateral.

• Prevention: To prevent spam or low quality narratives.

• Rewards: TIME token will be returned, and potentially with interests.

7. In-Platform Advertising:

• Usage: Projects/individuals/companies, can promote using TIME token.

• Burning: TIME paid, will be partially burned.

Summary Table:

Utility	Description
Governance Voting	Propose and vote on changes to the Zeitgeist platform.
Fee Discounts	Receive discounts on trading fees based on TIME holdings.
Staking Rewards (OSSR)	Earn TIME tokens for providing accurate liquidity.
Agent Token Access	Unlock premium features and interactions related to AI agents.
Liquidity Mining	Earn bonus TIME rewards for providing liquidity to specific narratives during campaigns.
Narrative Creation	Using TIME as collateral to ensure good quality and serious narratives, prevent spams..
In-Platform Advertising	Projects can promote their services/tokens using TIME.

The TIME token is designed to be a valuable and integral part of the Zeitgeist ecosystem, providing a range of utilities that incentivize participation, reward contributions, and align the interests of all stakeholders.