Published: Mar 05, 2018

ChronoBank (TIME)

Website

Status

ICO

A blockchain project ChronoBank (TIME) aimed to disrupt the HR/recruitment/finance industry in a similar way to Uber’s revolution of the taxi business

Whitepaper

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Interest lvl

Updated: May 04, 2018

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User Rating

Medium

3/5 • 1 votes

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Ticker

TIME

FoundedAustralia

Registration countryAustralia

What is ChronoBank

A system that guarantees that people will always get paid for their work according to their effort, as well as a system that provides a stable token on Ethereum and other participating blockchains. Revolution in the short-term recruitment of the real world professions - Based on the tried-and-tested model of timebanking, in which workers trade hours of labour for goods and services

Token Sale Dates

ICO

Start date: Dec 13, 2016

End date: Feb 13, 2017

Funding Details

Funds Raised (as of now) 5,400,000 USD

Token distribution

All TIME tokens purchased during the crowdsale will constitute 88% of the total TIME tokens generated during the initialization of the ChronoBank system. The remaining 12% of tokens will be split with 10% given to the ChronoBank.io team (for ongoing research and development) and 2% going to advisors and early adopters of the system.

Token Price and Payment Options

Token price USD 1 TIME = 10 USD

Accepted Currencies BTC, ETH and a number of other altcoins. Fiat currencies once ChronoBank get regulatory approval.

Dividends

Dividend distribution planned
Rewards for TIME holders will be in the form of transaction fees and issuance fees that derive from new LH being issued. These will be distributed to TIME holders either as rewards or through regular buybacks of TIME tokens.