Timefun, a Memecoin Launch platform, announced it will gradually close its current creator token platform, retaining only fund withdrawal and asset transfer functions as it transitions to a new product. Founder Kawz stated that the new application will abandon creator tokens in favor of a crypto-based social platform. Despite believing in the long-term potential of creator tokens, Kawz noted the current market lacks demand, prompting the team to pivot towards a new crypto social direction.