Timestope- Best Timestope Coin Mining 2021 Timestope Review

Timestope: Ever Heard about the TimeStope coin mobile crypto app? TimeStope app is a new cryptocurrency mobile app project that’s by its own claims, more or less set to change the way currencies and especially cryptos work to some extent.

Hello and welcome to another article with cryptoin5minutes.com.

Now, in today’s crypto article, we are going to review and in simple explanation tell you about

What’s so special about TimeStope.

Is there any risk in using TimeStope crypto or is it a scam should u not miss out on this crypto mining?

If you’ve visited our website articles before, you may have seen an article about something called PI Network and even Bee network apps. If not, you can check them out.

Also Read: Bee Network Mining

Also Read: Pi Network Mining

What is TimeStope Coin?

It’s a new digital internet cryptocurrency (as mentioned in the whitepaper) that started development in March 2019.

The core thing about it is the way lots of cryptos works.

Early adopters (very early when it was still worthless) that joined bitcoin got to mine a lot at a good rate with almost no effort.

However, people that joined Bitcoin now cannot really mine it without hassle. So Pi was thinking about creating an approach that makes it fairer and bigger.

And I know you’re wondering, why am I talking about Pi when this article’s about TimeStope, but I promise read ahead you will understand why it’s important to understand those principles from Pi Network, and it will provide you an understanding of the TimeStope community even better.

Also Read: Bee Network Mining 2021

Timestope -Did they just copy Pi?

So at the time of publishing this article, you can still sign up for Pi Network and get Pi coins for free but plans to stop the mining once they reach ten or a hundred million or a billion users, to limit the supply and give Pi a specific value.

One of the reasons for Bitcoin’s huge awareness and value is because of its limited supply as eventually, mining will not be profitable anymore, no matter how much money you spend on your hardware.

So, in summary, when the supply is limited, the demand and price increase, and Pi is trying to do the same by giving Pi coins away for free.

And eventually, they end the free mining, so they have a fixed supply and then demand will decide the value and the growth of the coin.

Also Read: What is Bitcoin ETF -Why Still Awaitedin 2021?

Timestope Coin

Now, why is all timestope coin this relevant?

The reason for that is because when you look at the TimeStope Coin journey, you will notice a lot of similarities between the networks TimeStope, Pi, and Bee .

However, TimeStope launched in 2020 over a year after Pi.

So it stands to reason that they copied a lot from Pi Network.

This is not necessarily a bad thing, because if you think closely, every cryptocurrency after Bitcoin, pretty much copied the blockchain approach and then came up with different use cases (faster transactions faster, or fewer fees, and so on).

Also Read: Tokenomics What is It?

So again, why am I talking about Pi when we’re actually talking about TimeStope?

The reason is that TimeStope’s approach is different and promising.

It says every person in this world has 24 hours per day.

No matter if you’re rich or you’re poor, you have 24 hours per day available.

And they use that metric to give you coins.So it’s actually aimed to be a fair asset.

Also Read: Is Pi a Scam Crypto?

What is Timestope Coin Mining?

So when you sign up for TimeStope, you’ll get an access after registration to get 24 times precisely 24 τ (Tau)per hour rate without affecting phone performance.

Tau is the unit of measurement for TimeStope coins basically the lowercase in the Greek alphabet.

To spread the word by reference Timestope created an incentive for the users. So more coins from the team by inviting more users.

However, there are some differences between Pi and TimeStope that are really important.

The key difference in how you actually mine.

In Pi, you have to log in every day and push a button, but you can only push that button after 24 hours have passed.

So today you may push the button at 3:00 PM and tomorrow, if you manage to exactly at 3:00 PM, go online, you may do the same, but eventually, you’ll push the button at five past three at 4:00 PM and so on.

So overall you will eventually miss a day and have a day without mining it’s just the way how it works in Pi.

In TimeStope, however, you have to log in every day and basically confirm your attendance.

And you can do that within a 24 hour window based on UTC. So you could log in at 11:00 PM on one day, and confirm your attendance.

Also Read: Top Ten Crypto 2021

And then one hour in one second later. So basically slightly after midnight, you could log in again and already confirm it for the next day.

This makes it easier to not miss any days.In Timestope, there is something called attendance score.

When you sign up, you have a measurable attendance score of 100 points. So every day after logging into the the TimeStope app you confirm your attendance, your score increases by two, and when you miss confirming, your attendance decreases by three.

Some thing that TimeStope in my opinion, did really well. was that in Pi you loose coins with absence but in Timestope you don’t.

Now the attendance score represents two other things as well. The Transfer limit and Stope

Attendance Score Transfer Limit

1–299 5,000

300 10,000

500 50,000

700 100,000

1000 No limit

If your attendance score is between 1- 299, you can transfer a maximum of 5,000 Tau/year. At 300, 10,000 Tau/year, at 500 it increases to 50,000 Tau/year.

At 700 score 100,000 Tau/year. And above 1000, you have no transfer limits.

Now the second part where your attendance score matters are the so-called Stope.

It’s the period of time, that you can actually mine TimeStope for free. When you sign up, you get an email initial period of two years, which means for two years, every day, if you confirm your attendance and so on, you can mine TimeStope for free, and you will get additional coins.

Once your attendance score reaches 300, you get another 120 days of mining. At 500, you get another 240 days. At 700, you get another 360 days.

At 1000, you get 540 days. And after 1000 for every 200 additional point in attendance score, you get another 120 days!

Also Read: Pi Coin Price Prediction

Timestope Total Supply

Now an additional way to increase your mining period is by inviting 250 people.

Every time you invite a total of 250 new users, you will actually get two years of additional stope or mining time.

Now, why is this so important? And why do I personally think it’s a bad thing?

Because it means that the supply will not be really limited.

It means that no matter when a user signs up, they can extend their mining period over and over and over again, and get free coins, which increases the total supply of Tau available and therefore will automatically have a major negative impact on the value of the upcoming currency.

Timestope Wallet

Excitingly there is an inbuilt wallet in the downloaded timestope that will store tokens that you can see on the dashboard just like you see month wise active attendance score on screen so you won’t lose access to time tokens.

Well rest depends on mainnet launch startup after which you can start trading of mined tokens as most probably the mined app would be the native wallet for timestope.

What is witness ID in Timestope Coin?

Now there is a catch to it, just like in Pi when you invite other users, you start to mine more Pi coins.

In TimeStope when you invite other users you get part of their time. So when you sign up and again, you can not just sign up yourself, you need an invitation code you will actually only get 60% of your time and 40% will go to the person, that invited you i.e your inviter.

The invitation code is called witness code.

Now how much is TimeStope going to be worth? Honestly, nobody can say that for sure.

The TimeStope developers claim it to be worth 1.30 cents but reports from credible sources are awaited and will be known when it gets live.

Surely earned supply, demand, and use cases will eventually dictate the value of the miner cryptocurrency.

So it’s hard to say what the real value will be when you can actually use it and cash it out.

Timestope Price Prediction

Right now the tokens have not been listed so estimated price as per developers is around $0.012 as per Timestope dashboard in timestope app but the final price will depend on total token supply while listing starts (after removing deactivated accounts)

So it may jump to $0.02 to $0.04 and will fall down to $0.0001 initially at listing because many miners will sell of their coins count which is good and easy to earn money after mining and after that if they come up with burning or good use case and financial and market sentiment gets positive it may jump almost $0.05 or even more if the founder team plays their cards well.

Should I mine Timestope?

But still, it’s the closest thing to free money that you get. It will neither pay you right now nor in the next six months, but in a couple of years from now, either, it means you spend a couple of seconds every day pushing a button on your phone, or it means that you suddenly have a couple of thousands or maybe even a couple of hundred thousand of dollars because the currency actually achieves a high value.

Now, there are a couple of other things about TimeStope and the idea of what they want to accomplish. But for the purpose of this article, really relevant to answer the main question. If TimeStope is legit or not currently, the answer is strict yes, you don’t have to invest anything, all you have to do is download the app. Use the witness ID to get into the network. In TimeStope it’s called a witness instead of referral, but it pretty much is the same.

Rest Depends on the developers behind TimeStope, what do they do in the future, what kind of real-world appliance they can come up with.

What matters right now?

It’s a great opportunity to get in early into Timestope, Bee and Pi, and it has zero risks involved because it doesn’t require any investment besides five seconds/day to push a button

Now, the timeline.

Currently, TimeStope just released the Android appon google play a little bit back.

Also Read: Safemoon Wallet

There’s currently timestope apple iOS app(iPhone)and Android app.Create your account by downloading the app using witness ID and will seek no permissions abiding privacy.

Don’t forget to save your Public and Privete key safely.

We looked at the launch of TimeStope..

Now by the fourth quarter, so by the end of the year, they are actually planning to have the official version ready.

And in the first quarter, next year, they are also planning to have a wearable version ready, so something for Apple watch, and in the second quarter of next year, that’s where things are supposed to get interesting because then TimeStope at least plans to launch their KYC tool. Which stands for know your customer.

And it’s there to verify your identity and you need a verified account to actually use and transfer TimeStope’s Tau coins.

Now, I also want to point out here that each user is only allowed to have one account.

So there’s no point in trying to create multiple accounts. Because once the KYC process is done, you will actually anyway, only be able to verify one of those accounts.

And if TimeStope finds out that you’re using multiple accounts you will actually get kicked out of the program. So just don’t do it at all in the first place.

Now, beyond that time, still plans to open their own exchange and launch a search engine browser and some other things, but all that isn’t that relevant.

The really important thing that we can take away from the TimeStope timeline is that currently Tau are not really worth anything because you cannot use them for anything until listed.

Also Read: What Is NFT ?

Conclusion

Timestope Coin Worth?

Now, does this mean the timestope isn’t worth your time or that you should stay away from it?

No, it means actually the exact opposite.

It means just like Pi Network,TimeStope is a new cryptocurrency that isn’t yet fully developed and you have the chance to get in early. You have the chance to get wealth for free on the phones.

Things will not change before 2022.

Now you might think that’s a bad thing, but it means that you have more than a year, from the time of writing this article to actually get possession of free coins, which means by the time the coin will actually be tradable and be worth something, you will have more money to withdraw or to buy something with or whatever it is you want to do with it.

So to sum things up, TimeStope definitely seems risk free,safe and legit.

It’s not yet sure, if there will be a real-world application, if the coin will eventually have value as it depends for how, and when certain parts of the project should be finished.

But as so often it’s not set in stone, there could be delays and things could take longer. It’s a great opportunity for you to get in early to eventually profit hugely from it in 2022 or later.

You are going to thank us for writing this article. Well, and if it’s worth zero in five years from now, you basically only wasted maybe five seconds of your time per day, which isn’t that bad for the huge potential upside of doing that.

If you haven’t checked Pi Network yet check it here.

Why should you do that as well? Because instead of five seconds per day, it will mean 10 seconds per day of effort.

But as a result, you’ll actually get two cryptocurrencies for free, which increases the chance that one of them will eventually have some value giving you free money in return as always.

Wi will share any further updates.

Thanks for watching. If you have any questions whatsoever, don’t forget to leave a comment down below we love your comments on our posts.

Don’t forget to hit the subscribe newsletter button as well. See you in one of my other articles until then bye-bye.