Version Number
1.0
Document Type
White Paper
Document Author Offeror
Time and Space Ltd.
Language
English
TABLE OF CONTENTS
The Date of Notification of this Crypto-Asset White Paper is 2025-10-27.
A. This Crypto-Asset White Paper has not been approved by any Competent Authority in any Member State of the European Union. The Offeror of the Crypto-Asset is solely responsible for the content of this Crypto-Asset White Paper.
B. This Crypto-Asset White Paper complies with Title II of the Regulation (EU) 2923/1114,and to the best of the knowledge of the management body, the information presented in the Crypto-Asset White Paper is fair, clear, and not misleading, and the Crypto-Asset White Paper makes no omission likely to affect its import.
C. The Crypto-Asset White Paper provides that the Crypto-Asset may not always be transferable, liquid, or lose its value, in part or in full.
D. The Utility Token referred to in this Crypto-Asset White Paper may not be exchangeable against the good or service promised in the Crypto-Asset White Paper, especially in the case of a failure or discontinuation of the Crypto-Asset Project.
E. The Crypto-Asset referred to in this Crypto-Asset White Paper is not covered by the investor compensation schemes under Directive 97/9/EC of the European Parliament and of the Council.
F. The Crypto-Asset referred to in this Crypto-Asset White Paper is not covered by the deposit guarantee schemes under Directive 2014/49/EU of the European Parliament and of the Council.
A. This summary should be read as an introduction to the crypto-asset white paper
B. The prospective holder should base any decision to purchase this crypto–asset on the content of the crypto-asset white paper as a whole and not on the summary alone.
C. The offer to the public of this crypto-asset does not constitute an offer or solicitation to purchase financial instruments, and any such offer or solicitation can be made only by means of a prospectus or other offer documents pursuant to the applicable national law.
D. This crypto-asset white paper does not constitute a prospectus as referred to in Regulation (EU) 2017/1129 of the European Parliament and of the Council or any other offer document pursuant to Union or national law.
E. Characteristics of the crypto-asset
The “BIGTIME” token is a capped-supply ERC-20 utility token, a fungible token issued on the Ethereum blockchain.
Holders of BIGTIME tokens can use them to access goods and services within the Big Time game ecosystem, including:
The BIGTIME tokens do not grant ownership, profit, dividend, governance, or redemption rights in respect of the Issuer or any affiliated entity, nor do they entitle holders to receive payments or other similar proprietary benefits.
On the basis of these characteristics, the Tokens fall within the definition of a Crypto-Asset under MiCA because:
As to the type of Crypto-Asset, they are neither ARTs nor EMTs and, therefore, Other Crypto-Assets.
Further, because they provide access to goods and services within the Big Time game ecosystem and other benefits granted by the Issuer, the BIGTIME token will be a Utility Token
F. Information about the quality and quantity of goods or services to which the utility tokens give access, and restrictions on the transferability.
$BIGTIME is a capped-supply ERC-20 utility token issued by Time and Space Ltd., for use within the Big Time game ecosystem. The token is not sold directly by the issuer; it can be obtained through:
Holders of $BIGTIME have the right to:
The exercise of these rights may require an Open Loot account, the use of compatible wallets, and compliance with KYC/AML procedures and the Terms of Use. $BIGTIME does not grant any ownership, governance, dividend, profit-sharing, redemption, or repayment rights in respect of the Issuer or any affiliated entity. Holding $BIGTIME does not entitle the holder to any form of exchange into fiat currency or other assets by the issuer.
Furthermore, $BIGTIME is not covered by any deposit guarantee scheme or investor compensation scheme under Directive 2014/49/EU or Directive 97/9/EC. Holders of $BIGTIME bear the full risk of loss of value, including the potential total loss of their tokens.
Rights and obligations associated with $BIGTIME may be modified in accordance with updates to the Big Time Terms of Use or applicable compliance procedures, with prior notice to token holders when required by law.
https://wiki.bigtime.gg/big-time-economy/economy-components/resources/usdbigtime-tokens
G. Key information about the offer to the public or admission to trading
The BIGTIME token is already in circulation, and no new issuance is planned.
The BIGTIME token was not sold directly by the Issuer, and there was no public subscription or fundraising before or at the time of the Token Generating Event (TGE).BIGTIME tokens were listed on regulated third-party exchanges at a fully diluted valuation (FDV) of US$72,500,000 at TGE and distributed via in-game rewards and community events.
Total token supply: 5,000,000,000 $BIGTIME (ERC-20).
Token ticker: BIGTIME
Token Generation Event (TGE): 10 October 2023.
Current circulating supply: 15.61% as of October 13, 2025
Prospective holders include players of the Big Time game, other gamers, NFT collectors, marketplace participants, and crypto traders seeking exposure to the Big Time ecosystem.
BIGTIME token is listed across different regulated crypto-asset service providers, and the Issuer intends to seek its admission to trading on future MiCA-compliant trading platforms.
Mitigation Measures Concerning Offer & Issuer-Related Risks
Mitigation Measures Concerning Crypto-Assets-Related Risks
Mitigation Measures Concerning Project Implementation Risks
Mitigation Measures Concerning Technology-Related Risks
Field
Information
Name
Time and Space Ltd.
Legal Entity Identifier (LEI)
Not available.
Legal Form, if applicable
Private Company Limited by Shares (ISO 20275 code: LTD).
Registered Office, if applicable
128 Elgin Avenue, Grand Cayman KY1-1206, Cayman Islands.
Head Office, if applicable
The company operates on a fully remote basis. Registered headquarters: 128 Elgin Avenue, Grand Cayman KY1-1206, Cayman Islands.
Date of Registration
[YYYY-MM-DD]
2023-05-10
Legal Entity Number
400113 (Cayman Islands Registrar of Companies).
Contact Telephone Number
E-Mail Address
Response Time (days)
7 days
Members of the Management Body
Name: Mihee Park
Business address: 128 Elgin Avenue, Grand Cayman KY1-1206, Cayman Islands
Function: Director
Business Activity
Time and Space Ltd. is the entity responsible for the development and operation of the “Big Time” video game and the issuance of the $BIGTIME token. Its core activities include game development, in-game economy design, and integration of blockchain-based assets with gameplay.
Newly Established
No
Financial Condition for the past Three Years
Not applicable. The company has been established for less than three years (incorporated on 10 May 2023)
Financial Condition since Registration
Time and Space Ltd. was incorporated in May 2023 to develop and operate Big Time, a multiplayer action RPG that combines fast-paced combat and time-traveling adventures with blockchain-powered elements such as player-owned NFTs and a token-driven economy. The in-game token, $BIGTIME, was launched in October 2023.
Since its inception, the company has generated total revenue exceeding US$190 million, primarily driven by sales of in-game items and digital assets.
Parent Company, if applicable
OL Ltd – sole shareholder and parent company of Open Loot Holdings Ltd.
Parent Company Business Activity, if applicable
OL Ltd., organized under the laws of the Cayman Islands, with a registered office at Trident Trust Company Limited, One Capital Place, George Town, Grand Cayman KY1-1103, Cayman Islands, is the parent and Holding Company of Time and Space Ltd.
This section shall ONLY be completed if the information is different to that listed in section 1, above.
Field
Information
Is the Issuer different from an offeror or person seeking admission to trading?
No
Name
Not applicable.
Legal Entity Identifier (LEI)
Not applicable.
Legal Form, if applicable
Not applicable.
Registered Office, if applicable
Not applicable.
Head Office, if applicable
Not applicable.
Date of Registration
[YYYY-MM-DD]
Not applicable.
Legal Entity Number
Not applicable.
Members of the Management Body
Not applicable.
Business Activity
Not applicable.
Parent Company
Not applicable.
Parent Company Business Activity
Not applicable.
Field
Information
Other Persons drawing up the Crypto-Asset White Paper
Not applicable.
Reason for Crypto-Asset White Paper Preparation
Not applicable.
Field
Information
Project Name
Big Time
Crypto-Assets Name
Big Time
Abbreviation
BIGTIME
Crypto-Asset Project Description
Big Time is a multiplayer action RPG that integrates blockchain-based assets into gameplay. The $BIGTIME token serves as the native utility token within the game environment. Players acquire $BIGTIME primarily through gameplay (via Hourglasses, dungeons, quests, and events) and use it within the ecosystem for crafting, upgrading, accelerating timers, and accessing Prestige Portals. The token also underpins the operation of SPACE and utility NFTs such as Forges, Armories, and Time Wardens, which enable the player-driven crafting economy.
$BIGTIME qualifies as a utility token under Article 3.1(9) of Regulation (EU) 2023/1114 (MiCA). It is intended solely to provide access to some features within the Big Time ecosystem. $BIGTIME does not constitute an asset-referenced token or an e-money token.
Details of all natural or legal persons involved in the implementation of the Crypto-Asset Project
Core team:
Utility Token Classification
Yes
Key Features of Goods/Services for Utility Token Projects, if applicable
The $BIGTIME token provides access to the following features within the Big Time ecosystem, including:
Plans for the Token
Since its launch in October 2023, Time and Space Ltd. has integrated the $BIGTIME token into the Big Time game as the core in-game utility asset, enabling crafting, upgrading, Prestige Portal access, and operation of SPACE and utility NFTs. The Token Generation Event(TGE) took place on 10 October 2023, with $BIGTIME subsequently admitted to trading on major regulated third-party exchanges.
The token is continuously distributed through gameplay rewards and community events, designed as a utility to sustain the in-game economy. $BIGTIME does not provide governance, ownership, or dividend rights.
Future milestones include expanding token uses through additional gameplay features and balancing supply and demand via ongoing updates. Other developments include integration with the OL Chain, which aims to provide greater scalability, interoperability, and ecosystem incentives for users across the Open Loot platform.
Resource Allocation, if applicable
Big Time initially allocated resources from its capital and generated revenues primarily towards product development and ensuring the game's smooth operation. A strong focus on technical development in the early stages was essential for building the foundation of the game. Since 2024, there has been an increase in advertising & marketing spending of the platform, reflecting a major push for growth and user acquisition in both 2024 and 2025. Legal expenses have also risen in recent years, primarily to support compliance in different jurisdictions.
Planned Use of Collected Funds or Crypto-Assets, if applicable
Not applicable.
Field
Information
Public Offering or Admission to Trading
'ATTR' – admission to trading
Reasons for Public Offer or Admission to Trade
The admission of $BIGTIME to trading on centralized exchanges is intended to ensure liquidity, facilitate access for players of the Big Time game and broader ecosystem participants, and support the utility of the token in in-game transactions, marketplace activities, and player rewards.
Fundraising Target, if applicable
Not applicable.
Minimum Subscription Goals, if applicable
Not applicable.
Maximum Subscription Goals, if applicable
Not applicable.
Oversubscription Acceptance
Not applicable.
Oversubscription Allocation, if applicable
Not applicable.
Issue Price
Not applicable.
Official Currency or Any Other Crypto-Assets determining the Issue Price
Not applicable.
Subscription Fee
Not applicable.
Offer Price Determination Method
Not applicable.
Total Number of Offered/Traded Crypto-Assets, if applicable
5,000,000,000
Targeted Holders
'ALL' – all types of investors
Holder Restrictions
There are no restrictions on the type of holders eligible to hold $BIGTIME at the token level, as it is a freely transferable ERC-20asset. However, access to the Big Time game and associated services where $BIGTIME is obtained or used is subject to Terms of Use and applicable KYC/AML requirements. In addition, restrictions apply to residents of jurisdictions listed in the Terms of Use as sanctioned or high-risk, including but not limited to Afghanistan, Central African Republic, Democratic Republic of the Congo, Cuba, Guinea-Bissau, Iran, Iraq, North Korea, Libya, Mali, Russia, Somalia, South Sudan, Sudan, Syria, Ukraine, Venezuela, Yemen, Belarus, and Myanmar.
Reimbursement Notice
Not applicable.
Refund Mechanism
Not applicable.
Refund Timeline
Not applicable.
Offer Phases
Not applicable.
Early Purchase Discount
Not applicable.
Time-Limited Offer
Not applicable.
Subscription Period, beginning
[YYYY-MM-DD]
Not applicable.
Subscription Period, end
[YYYY-MM-DD]
Not applicable.
Safeguarding Arrangement for Offered Funds/Crypto-Assets
Not applicable.
Payment Methods for Crypto-Asset Purchase
Not applicable.
Value Transfer Methods for Reimbursement
Not applicable.
Right of Withdrawal, if applicable
Not applicable.
Transfer of Purchased Crypto-Assets
Not applicable.
Transfer Time Schedule
[YYYY-MM-DD]
Not applicable.
Purchaser's Technical Requirements
Not applicable.
Crypto-Asset Service Provider (CASP) name, if applicable
Not applicable.
CASP identifier, if applicable
Not applicable.
Placement Form
Not applicable.
Trading Platforms Name, if applicable
$BIGTIME is supported by major global regulated digital asset services providers, including Coinbase, Binance, OKX, MEXC, Bitget, among others
Markets here: https://coinmarketcap.com/currencies/big-time/#Markets
Trading Platforms Market Identifier Code (MIC)
Not applicable.
Trading Platforms Access, if applicable
Token holders can access $BIGTIME by creating an account with the exchanges where it is listed. Access requires registration, KYC/AML verification, and compliance with each exchange’s jurisdictional restrictions. Once verified, users can deposit funds and trade supported pairs (e.g., BIGTIME/USDT).
Involved Costs, if applicable
While accessing the trading platforms may not involve any costs, trading on centralized exchanges may involve standard trading fees (a certain % per trade), withdrawal fees for transferring tokens to external wallets, and applicable blockchain network gas fees (e.g. Ethereum, etc). Deposits in crypto are typically free of charge, while fiat deposits and withdrawals may incur additional charges depending on the exchange and payment method.
Offer Expenses
Not applicable.
Conflicts of Interest
No conflict of interest has been identified as of today.
Applicable Law
Cayman Islands law (Issuer: Time and Space Ltd., a Cayman Islands company).
Competent Court
The courts of the Cayman Islands (including the Grand Court of the Cayman Islands).
Field
Information
Crypto-Asset Type
Utility token
Crypto-Asset Functionality
$BIGTIME is a fungible utility token used within the Big Time ecosystem for crafting, upgrading, accelerating timers, accessing Prestige Portals, and operating SPACE/utility NFTs. It is freely transferable on-chain and tradable on supported centralized exchanges.
https://wiki.bigtime.gg/big-time-economy/economy-components/resources/usdbigtime-tokens
Planned Application of Functionalities
Core functionalities have been live since the TGE (October 2023). Ongoing roadmap includes expanding in-game uses and features, and future ecosystem expansion alongside OL Chain integration.
Type of White Paper
OTHR
Type of Submission
NEWT - New
Crypto-Asset Characteristics
$BIGTIME is a capped-supply ERC-20 utility token deployed on the Ethereum network. It is divisible up to 18 decimal places, with a fixed total supply of 5 billion tokens. It confers no ownership, dividend, profit-sharing, governance, or redemption rights. Tokens are obtained via gameplay and secondary market trading; they are freely transferable between compatible wallets on Ethereum and on supported Exchanges.
Commercial Name or Trading Name, if applicable
Big Time
Website of the Issuer
Starting Date of Offer to the Public or Admission to Trading
[YYYY-MM-DD]
2023-10-10 (initial admission to trading on CEXs).
Publication Date
[YYYY-MM-DD]
2023-10-10
Any Other Services Provided by the Issuer
Not applicable.
Identifier of Operator of the Trading Platform
Not applicable.
Language/s of the White Paper
EN – English
Digital Token Identifier Code used to uniquely identify the Crypto-Asset or each of the several Crypto-Assets to which the White Paper relates, where available
Not available. For identification purposes, the token can be referenced by its Ethereum mainnet contract address: 0x64Bc2cA1Be492bE7185FAA2c8835d9b824c8a194.
Functionally Fungible Group Digital Token Identifier, where available
Not available (no ISO 24165 Functionally Fungible Group Digital Token Identifier has been assigned as of the date of this white paper).
Voluntary Data Flag
voluntary
Personal Data Flag
No
LEI Eligibility
Not applicable.
Home Member State
Ireland
Host Member States
All other EU Member States and all 3 EEA member states under the MiCA passporting regime.
Field
Information
Purchaser Rights and Obligations
Holders of $BIGTIME may:
$BIGTIME does not confer governance, ownership, voting, dividend, profit-sharing, redemption, or repayment rights against the Issuer or its affiliates.
Holders must comply with KYC/AML, platform Terms of Use, geographic restrictions, and bear network gas fees or withdrawal deductions
Exercise of Rights and Obligations
Rights attached to $BIGTIME are exercised by:
Conditions for Modifications of Rights and Obligations
The rights and obligations attached to $BIGTIME may be modified through updates to the Big Time Terms of Use or related program terms. Big Time reserves the right to amend these terms at its sole discretion. Users are responsible for reviewing updates, and continued use of the Services constitutes acceptance of such modifications
Future Public Offers, if applicable
Not applicable.
Issuer Retained Crypto-Assets, if applicable
Team-controlled wallets:
Utility Token Classification
Yes
Key Features of Goods/Services of Utility Tokens
The $BIGTIME token is an ERC-20 utility asset used exclusively within the Big Time game. Its primary functions include:
$BIGTIME provides no governance, dividend, or redemption rights and is designed solely as a consumable utility token supporting the in-game economy.
Utility Tokens Redemption, if applicable
$BIGTIME does not grant any redemption right vis-à-vis the issuer and cannot be redeemed for fiat currency or other tokens.
Use of the token remains limited to gameplay functions and marketplace activities as described.
Holders may withdraw $BIGTIME from their Open Loot account to an external wallet, after which the token is freely transferable and tradeable on secondary markets.
Non-Trading Request
‘True’ – sought
Crypto-Assets Purchase or Sale Modalities
Not applicable.
Crypto-Assets Transfer Restrictions
$BIGTIME is freely transferable on the Ethereum blockchain. However, withdrawals from the Open Loot marketplace and use of tokens within the game are subject to KYC/AML verification and jurisdictional restrictions set out in the Terms of Use of Big Time and Open Loot https://www.bigtime.gg/terms-conditions & https://openloot.com/terms-of-use
Supply Adjustment Protocols
'False’ – No
Supply Adjustments Mechanisms
Not applicable. $BIGTIME has a fixed supply of 5,000,000,000 tokens, and no mechanisms exist to increase or decrease supply in response to demand
Token Value Protection Schemes
'False’ – No
Token Value Protection Schemes Description
Not applicable.
Compensation Schemes
'False’ – No
Compensation Schemes Description
Not applicable.
Applicable Law
Cayman Islands. (Issuer: Time and Space Ltd., a Cayman Islands company.)
Competent Court
Grand Court of the Cayman Islands
Field
Information
Distributed Ledger Technology, if applicable
$BIGTIME is issued as a standard ERC-20 token on the Ethereum blockchain. Tokens withdrawn from the Open Loot platform can circulate freely on the Ethereum network.
Protocols and Technical Standards
$BIGTIME follows the ERC-20 token standard on the Ethereum blockchain, fully compatible with the Ethereum Virtual Machine (EVM).
Technology Used, if relevant
Within the Big Time ecosystem, user balances may be credited and spent off-chain for gameplay purposes. In-game transactions are recorded in a centralized database and are fully backed 1:1 by tokens held in a platform-managed Vault smart contract. Deposits lock tokens in the Vault and credit the user’s off-chain balance; withdrawals debit the database and transfer tokens on-chain to the user’s external wallet. This model allows fast, gas-free in-game actions while preserving on-chain verifiability of total supply.
Consensus Mechanism, if applicable
$BIGTIME relies on the underlying consensus mechanisms of the blockchain where it is deployed. On Ethereum, this is Proof-of-Stake (PoS).
Incentive Mechanisms and Applicable Fees
There are no additional incentive mechanisms at the token level. Transaction security depends on the Ethereum network. Fees include standard blockchain gas fees and marketplace fees within the Open Loot marketplace.
Use of Distributed Ledger Technology
’False’ – No, DLT is not operated by the issuer or a third-party acting on the issuer’s behalf.
DLT Functionality Description
Not applicable. The issuer does not operate its own distributed ledger technology. $BIGTIME relies on a public blockchain (Ethereum) for issuance and transfers.
Audit of the Technology Used
Yes
Audit Outcome, if applicable
Link here.
Field
Information
Adverse Impacts on Climate and Other Environment-Related Adverse Impacts
$BIGTIME operates on the Ethereum network, which relies on a Proof-of-Stake (PoS) consensus mechanism. Compared to Proof-of-Work (PoW) systems, PoS significantly reduces energy consumption and overall environmental footprint.
The use of PoS means that no energy-intensive mining activities are required for the issuance, transfer, or settlement of $BIGTIME. The environmental impact of $BIGTIME is therefore limited to that of the underlying Ethereum infrastructure.
No additional or unique environmental impacts arise from the design, issuance, or operation of $BIGTIME beyond those already associated with the Ethereum network.
Term
Definition
Consensus Mechanism
Shall mean the rules and procedures by which an agreement is reached, among the DLT network nodes, that a transaction is validated.
Crypto-Asset
Shall mean a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology.
Distributed Ledger Technology or DLT
Shall mean the technology that enables the operation and use of distributed ledgers.
Home Member State
Shall mean either (a) where the offeror or person seeking admission to trading of crypto-assets other than asset-referenced tokens or e-money tokens has its registered office in the Union, the Member State where that offeror or person has its registered office; or (b) where the offeror or person seeking admission to trading of crypto-assets other than asset-referenced tokens or e-money tokens has no registered office in the Union but does have one or more branches in the Union, the Member State chosen by that offeror or person from among the Member States where it has branches; or (c) where the offeror or person seeking admission to trading of crypto-assets other than asset-referenced tokens or e-money tokens is established in a third country and has no branch in the Union, either the Member State where the crypto-assets are intended to be offered to the public for the first time or, at the choice of the offeror or person seeking admission to trading, the Member State where the first application for admission to trading of those crypto-assets is made; or (d) in the case of an Issuer of asset-referenced tokens, the Member State where the Issuer of asset-referenced tokens has its registered office; or (e) in the case of an Issuer of e-money tokens, the Member State where the Issuer of e-money tokens is authorised as a credit institution under Directive 2013/36/EU or as an electronic money institution under Directive 2009/110/EC; or (f) in the case of crypto-asset service providers, the Member State where the crypto-asset service provider has its registered office.
Host Member State
Shall mean the Member State where an Offeror or Person Seeking Admission to Trading has made an offer to the Public of Crypto-Assets or is seeking admission to trading, or where a Crypto-Asset Service Provider provides crypto-asset services, where different from the Home Member State.
Issuer
Shall mean a natural or legal person, or other undertaking, who issues crypto-assets.
Management Body
Shall mean the body or bodies of an Issuer, Offeror, Person Seeking Admission to Trading, or of a Crypto-Asset Service Provider, which are appointed in accordance with National Law, which are empowered to set the entity's strategy, objectives and overall direction, and which oversee and monitor management decision-making in the entity and include the persons who effectively direct the business of the entity.
Offer to the Public
Shall mean a communication to persons in any form, and by any means, presenting sufficient information on the terms of the offer and the crypto-assets to be offered so as to enable prospective holders to decide whether to purchase those crypto-assets.
Offeror
Shall mean a natural or legal person, or other undertaking, or the Issuer, who offers crypto-assets to the public.
Operator
Shall mean the entity that runs a trading platform for crypto-assets.
Qualified Investors
Shall mean persons or entities that are listed in Section I, points (1) to (4), of Annex II to Directive 2014/65/EU.
Retail Investor/Holder
Shall mean any natural person who is acting for purposes which are outside that person's trade, business, craft or profession.
Utility Token
Shall mean a type of crypto-asset that is only intended to provide access to a good or a service supplied by its Issuer.