Wonderland Crypto: A Guide To Investing And Earning

Wonderland (TIME) is a unique cryptocurrency project that aims to revolutionize the way crypto is used as a medium of exchange through decentralized programs within the Avalanche blockchain ecosystem. As a self-described non-pegged stablecoin, the value of each Wonderland token is backed by a treasury of various assets, allowing the price to fluctuate based on the funds in the treasury. This approach is believed to be superior to traditional stablecoins like Tether (USDT) and USD Coin (USDC) due to their susceptibility to government control. With an initial APY of 40,200%, which has now grown to around 90,000%, Wonderland offers an incredibly attractive investment opportunity. However, it's essential to carefully consider the risks and do thorough research before investing.

How to buy Wonderland (TIME)

Wonderland (TIME) is a unique project that aims to change the way crypto can be used as a medium of exchange through decentralised programs within the Avalanche blockchain's ecosystem. It is a self-described "non-pegged stablecoin" with a token that has a treasury used to back up the value of each token.

Step 1: Open an online account

The first step is to open an account with a crypto trading platform such as Coinbase Global Inc., eToro, or Voyager. These platforms are known for their ease of use and security. You will need an email and password, and you will have to provide basic personal information to verify your account. After verification, you can fund your account using a bank transfer.

Step 2: Navigate to Avalanche (AVAX)

You cannot purchase TIME directly, so you will need another currency to swap for it. The easiest cryptocurrency to use is AVAX, as you will be using the Avalanche Blockchain to trade your tokens for Wonderland (TIME).

Step 3: Buy a wallet

You will need a place to store your cryptocurrency. A wallet allows you to store crypto separately from a centralised trading platform, and it also lets you access decentralised finance (DeFi) features necessary for purchasing TIME.

There are two types of wallets: hardware and software. Hardware wallets are physical devices that hold the private keys necessary to purchase crypto. Ledger offers industry-leading hardware wallets with a variety of uses and are best known for their security and sleek design.

Software wallets exist entirely online, although users still have full custody over their holdings. MetaMask is one of the most used and versatile software wallets. Users can add a variety of chains to the wallet and use it in many situations.

Step 4: Make your purchase

Once you have an account with AVAX and a crypto wallet, send AVAX to your wallet. Find the send feature on your trading platform and enter the amount of crypto you would like to send to your wallet. Enter the wallet address, ensuring that your wallet is on the correct network (for Avalanche, use the Avalanche Mainnet C-Chain).

Once you enter this information, send the crypto, and it should appear in your wallet. From there, navigate to Trader Joe and search for the TIME/USDT or TIME/ETH pair. Enter the amount you would like to swap, approve the transaction, and TIME will be stored in your wallet.

Keep an eye on the APY for staking TIME, as staking is currently the project's most used feature and can impact the price.

Trade, Sell or Convert Wonderland (TIME)

To sell your TIME, you essentially reverse the buying process. First, convert TIME back to ETH or USDT through Gate.io using the appropriate pairing. After this, you will have either USDT or ETH in your wallet.

Next, locate the "receive" button in your exchange for the token in your wallet. Copy the wallet address and enter it into the "send" section on your wallet. Execute the trade, and your ETH or USDT will be on the trading platform you initially used.

Once you have ETH or USDT on a trading platform, go to your position and sell as much as you would like. After, your liquidated position will be stored in fiat (USD), which you can then deposit back into your bank.

The pros and cons of investing in TIME

Pros

• The founder of Wonderland, Daniele Sestagalli, is a known figure in the crypto world, which inspires more trust than a completely unknown founder.
• The project is based on the Avalanche network, which has much lower fees and is faster than the Ethereum network.
• The DAO will be able to vote on issues surrounding the project, such as increasing the base value of each TIME token by increasing the size of the treasury.
• Staking is currently the project's most used feature, with users able to earn over 90,000% APY on staked TIME tokens.
• The treasury is used to back each token and ensure that the price does not go below a certain point. For example, on June 16, 2022, the treasury had enough funds to ensure that each token was worth at least $47 USD.

Cons

• Sestagalli faced scrutiny in 2018 when one of his projects was hacked, and over $25,000,000 was lost.
• The price of TIME is likely to be volatile. While the price may increase if the DAO decides to increase the backing on each token, it is also likely to decrease over time due to the constantly increasing supply of tokens.
• The gas fee for TIME is high.
• The project's CFO, Sifu, was revealed to be a convicted felon and common scammer, which caused the value of TIME to drop by over 60% in a week.
• The team failed to deliver on promised airdrops, and there have been issues with staking and unstaking TIME tokens.
• The project's future is uncertain, with a community vote narrowly deciding to continue the project in some form.

How to stake TIME tokens

To stake TIME tokens, you will need to follow these steps:

Firstly, you need to set up a wallet. One option is to use MetaMask, which can be installed as a browser extension. It is important to keep your keys, passphrase, and mnemonic phrase stored safely.

Next, add the Avalanche network to your wallet. For MetaMask, this can be done by clicking the Network dropdown and selecting Custom RPC. The Network Name should be Avalanche Network, with the New RPC URL as https://api.avax.network/ext/bc/C/rpc and Explorer as https://cchain.explorer.avax.network/.

If you already have cryptocurrency, you can skip this next step. Otherwise, you will need to create an account on a centralized exchange (e.g. Binance, Coinbase, BitFinex) and transfer some fiat currency (USD, EUR, etc.) to your account. This can take a few days.

Once you have fiat currency in your exchange wallet, trade this for AVAX tokens. Withdraw these AVAX tokens to your AVAX wallet, ensuring that you are sending to the correct address and chain.

Now, log in to your AVAX wallet and go to the Cross Chain feature. Select "X Chain" as the Source Chain and "C Chain" as the Destination Chain, then select the max balance and confirm. Check that the transfer worked by viewing your portfolio.

Go to the Send feature on the left menu, select "C" as the Source chain, and fill in the amount you wish to transfer. Then, fill in the "To Address" on the right side, which can be found in MetaMask by going to the Avalanche Mainnet C-Chain and copying your account address. It is recommended to first send a small amount (0.1 AVAX) to ensure that you have the correct address and chain.

At this point, you should have AVAX funds in your MetaMask wallet. Go to https://traderjoexyz.com, connect your wallet, and trade your AVAX for TIME tokens. Ensure that you keep at least 0.05 AVAX for network transfer fees.

Now, go to https://wonderland.money, enter the app, and go to the "Stake" tab. Here, you will be able to stake your TIME tokens. Keep in mind that the first time you do this, you will need to approve two transactions in your wallet. The first transaction allows Wonderland to interact with your wallet, and the second transaction is for the actual staking. Wait for the first transaction to be approved before doing the second transaction.

After completing these steps, your TIME tokens will be converted to MEMO tokens, which will gain rebases every 8 hours.

How to sell your TIME tokens

If you have staked your TIME tokens, you will need to unstake them before you can sell. To do this, go to the Wonderland website and click on the 'Unstake' button. Your TIME tokens will then be returned to your wallet.

Once you have unstaked your tokens, you can sell them on a decentralised exchange such as Trader Joe, Pangolin, or Gate.io. You will need to connect your wallet to the exchange and approve the transaction. Keep in mind that you will need to pay a small fee for the transaction, usually less than a dollar.

It is important to note that selling your TIME tokens may incur capital gains tax, depending on your jurisdiction and the amount of profit you have made. Make sure to consult with a tax professional to ensure you are complying with the relevant regulations.

Additionally, it is always recommended to do your own research and only invest what you can afford to lose, as the cryptocurrency market is highly volatile and subject to significant price fluctuations.

Finally, when selling your TIME tokens, consider the current market conditions and price action. You may want to sell at a time when the price is favourable and there is sufficient liquidity in the market to execute your trade without significantly impacting the price.

By following these steps, you will be able to successfully sell your TIME tokens and withdraw your profits from the Wonderland ecosystem.

The future of the Wonderland project

On the one hand, Wonderland (TIME) is a unique project aiming to revolutionize the use of crypto as a medium of exchange through decentralized programs within the Avalanche blockchain ecosystem. It is described as a "non-pegged stablecoin," with its value backed by a treasury of various assets, making it independent of government-controlled fiat currencies. This approach is believed to be superior to traditional stablecoins. Furthermore, the Avalanche network offers lower fees and faster transactions compared to other blockchains.

Additionally, Wonderland has attracted investors with its incredibly high APY, which, despite decreasing over time, still presents an opportunity for high income. The project's leader, Daniele Sestagalli, is a known figure in the blockchain industry, taking responsibility for the project and adding credibility.

However, there are several concerns about the project's future. Firstly, the value of each TIME token is expected to decrease over time due to the constantly increasing supply. While the treasury backs each token to prevent it from falling below a certain price, the overall value of the token is likely to decline. Secondly, Wonderland faced significant challenges due to the market correction in late 2021, which caused a rapid drop in the price of its coins. The team's failure to deliver on promised airdrops further eroded community trust.

Additionally, Wonderland's CFO, Sifu, was revealed to be a convicted felon, Michael Patryn, which led to a community-wide vote for his removal. This incident caused significant damage to the community's faith in the project. While a narrow vote decided to continue the project, it is unclear if Wonderland can recover from these setbacks and regain its former glory.

In conclusion, the future of the Wonderland project is uncertain. While it offers a unique value proposition and attractive APY, it faces challenges due to market conditions, leadership controversies, and the expected depreciation of its token value. Only time will tell if Wonderland can overcome these obstacles and thrive in the highly competitive cryptocurrency landscape.

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