What is TimeStope? Is it legit? How to use it?

TimeStope

*****I strongly recommend you to read "points to ponder section" if you just want to know how to use TimeStope.*****

What is it?

TimeStope is a cryptocurrency innovation with a peculiar feature, it can be mined on smartphone. It is being developed as a universal payment method of the untact (contact free) economy .

This cryptocurrency is based on great equalizer, it equates poor and rich, abled and disabled, educated and uneducated, this cryptocurrency is based on time! Yes,it is based on time!! No matter what you are, where you are, how capable you are, your time is limited and countable. 

Everyone of us have got same amount of time, 24 hours a day, this project involves recording human time and turning it into an asset. Recording time seems weird, right? It just records the amount of time you are in the project and awards you some cryptocurrency.

                                                                

What are developers hoping to do?

Developers recognized that almost 82% of the whole world's assets are possessed by only 1% of the population, annually that is increasing by 13%. So, by 2034, it is expected that 99% of whole world's assets will be possessed by the rich 1%. 

According to UNO calculations the average annual income of a person is $11,435 and every person has 24*365 = 8760 hours a year, that is average hourly income of a person is approximately  $1.3 but by applying the asset distribution of year 2034 and excluding the rich 1% with 99% assets each person in other 99% would earn 1.3/99 = 0.013131 dollars an hour that is 1.3 cents an hour which is price for human beings all capital, intellectual and physical labour and rest. 

Developers hope to raise the value of time (cryptocurrency) atleast to a value to provide a witness (miner) an average income with enough referrals (250 people).

Where will TIME get its value?

Internet world giants like Google and Facebook make their revenue by creating search based advertisements, that means if we search for something some advertisements related to what we have searched show up along with what we were searching for, such platforms make real assets by letting advertisers to advertise.

TimeStope developers want to construct such a platform on the existing platforms like Google and Facebook. So, real assets generated by TimeStope will be exchanged for Time. It will become currency that way.

TimeStope's plan of action

   

                                              

How to join TimeStope?

Joining TimeStope is a very easy, all you have to do is click the link or follow the steps. Both ways do not forget to use witness neelu2002

Witness: neelu2002

                                               

• Go to Google play store (unfortunately there is no iOS application yet, but there's way, one can use bluestacks to run android applications on iOS)

• Search for TimeStope

• Tap download

• Install the application

• Enter your details such as name, phone number, country etc, make sure everything you would enter can be verified with the documents issued by the government you live under.

• Create yourself a witness ( it is used for referring others)

• Enter witness neelu2002 (do not confuse with creating witness blank, one is for you to refer, other is who referred to you)

That is it you have successfully created an account on TimeStope.

Some points to ponder

• There is something called attendance, initially one's score will be 100, everyday one has to open the app and click stamp (it can be clicked at anytime in a day following GMT or UTC), that is marking your attendance and your score increases by 2 everytime you click that stamp or it decreases by 3.

• One has to be careful enough to never let the attendance score reach zero, if it reaches zero one's account would be deactivated and only way to join project again is by creating a new account.

• One has to reach a threshold attendance score, if a threshold score is reached attendance score would never go below that threshold so one is kinda safe from account deactivation from lack of attendance.

• Attendance score is also essential for transactions, with certain scores you can transfer certain amount of Time (cryptocurrency).

• Initially one is given with a mining period of 2 years (Stope), if your score reaches threshold values your mining period (Stope) will also be increased accordingly.

                                     

• One's stope, mining period can also be increased by inviting 250 people.

• Here comes the most important part, there will be two keys in your profile namely private and public both shall be safely preserved, they are essential for making transactions.

• Private key is like password, it must be held confidential and if keys are lost there is no way to make transactions and your account will be rendered unreachable. I would suggest one to save it to hard drive or something off the grid. 

How to mine more?

• There are two ways to mine more To increase your mining rate, everytime you invite new people to join the project you will get 9.6 Time per day and more you invite more will be your mining per day, mining rate. 

• Other way is to increase your mining period, stope. This can be achieved either by inviting atleast 250 people or by increasing your attendance score gradually or by both ways.

Some links that would come handy

FAQ

WHITE PAPER

TEAM

Other similar projects

Pi network, it has over 10 M users, being developed by alumni of the Stanford University, invitation code Neelothpal2002

Bee network is also a project similar to Pi network, use referral code neelu2002

Tell me what you think in comments and do not forget to subscribe.

Join r/timestopecrypto subreddit in reddit.