Phosphor Touch Time reinvents the digital watch, asks for Kickstarter cash (video)

Phosphor turns to Kickstarter to fund Touch Time, a touchscreen digital watch

E-Ink watchmaker Phosphor thinks digital watches are a pretty neat idea. So much that it wants to reinvent the '80s staple for the modern era, so it's hired Nike+ designer Stefan Andren to design a touchscreen timepiece that doesn't need a smartphone. Touch Time has a backlit-LED, capacitive display that lets you swipe between faces and control a series of built-in apps. In addition to the usual alarm, stopwatch and world time, you'll get a calendar, reminder, calculator and it'll even track the phases of the moon. Since it doesn't need your smartphone for help, it'll run for a year on a single coin battery and is water resistant up to 30 meters. The first 200 backers can get one for $89, while $115 will buy you the pick of color straps -- and if you're really baller, you can get a recession-baiting $499 version that's dipped in 18-carat gold.