PANews reported on November 5th that Timefun announced it will be shutting down its existing platform and transitioning to a new product and brand. The official statement said that points earned by users on Timefun will be migrated to the new application, and no new points will be issued. The platform will retain the sale and withdrawal of creator tokens for several months, and users are advised to withdraw their funds and export their keys as soon as possible. The new application will not involve creator tokens, will focus on new social primitives, and will remain a crypto application in the long term. A snapshot of points has already been taken, and the final allocation will be retained and carried over to the new application. Creator tokens are SPL tokens and will continue to exist on-chain.PANews reported on November 5th that Timefun announced it will be shutting down its existing platform and transitioning to a new product and brand. The official statement said that points earned by users on Timefun will be migrated to the new application, and no new points will be issued. The platform will retain the sale and withdrawal of creator tokens for several months, and users are advised to withdraw their funds and export their keys as soon as possible. The new application will not involve creator tokens, will focus on new social primitives, and will remain a crypto application in the long term. A snapshot of points has already been taken, and the final allocation will be retained and carried over to the new application. Creator tokens are SPL tokens and will continue to exist on-chain.