ChronoBank logo
Website

ChronoBank (TIME)

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

IMPORTANT: By investing in this business you agree to our Disclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Overview

Project industryExchanges & Wallets
FoundedAustralia

Technical details

ChronoBank is a multi-blockchain project aimed squarely at disrupting the recruitment sector, in the same way that Uber revolutionised the taxi industry and Upwork represented a step change in freelancing. The ChronoBank project has three main stages: 1. TIME token crowdsale The first stage is TIME token crowdsale. Funds collected from the crowdsale of TIME tokens will be used for marketing and development of ChronoBank. TIME token holders will get rewards from various fees as the platform gains adoption and popularity. 2. Labor-Hour stable coins The next stage of our project is to create the financial backbone of ChronoBank: national Labor-Hour (LH) tokens. LH are issued by major recruitment and labour-hire companies and linked to average hourly wages in the host country. 3. LaborX decentralised marketplace The last stage is to create LaborX, a decentralised marketplace where people in real-world professions will be able to sell labor hours to anyone – just as easily as Uber drivers or Upwork freelancers do. LH tokens will act as a substitute for payments in fiat currencies and will enable people to be rewarded for their work without cryptocurrency’s signature volatility risk. A multi-blockchain solution To achieve long-term functionality and success, ChronoBank will issue LH tokens on both existing and new blockchains, depending on market demand from users and the development of new blockchain platforms. Ethereum/Classic blockchains ChronoBank will create decentralized applications (dapps) for token users and issuers, with a userfriendly interface and secure transactions using escrow smart contracts.

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

Details

Public sales: Dec 13, 2016 - Feb 13, 2017
Raised: 5,400,000 USD

Legal

Registration country: Australia

Token info

Ticker: TIME
Dividends: 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.
Token price in USD: 1 TIME = 10 USD
Accepted currencies: BTC, ETH and a number of other altcoins. Fiat currencies once ChronoBank get regulatory approval.
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.

ChronoBank Roadmap

Project team

Sergei Sergienko
Sergei Sergienko
CEO

Social media

ChronoBank web-siteChronoBank RedditChronoBank MediumChronoBankYouTubeChronoBank TelegramChronoBank BTCTalkChronoBank LinkedInChronoBank TwitterChronoBank FacebookChronoBank Slack

User rating:

5/5 ( 1 )
0

ChronoBank rating

6.4
Claim admin rights for this project
ICObench3 / 5ChronoBank (TIME) icobench
ICOholder2.9 / 5ChronoBank (TIME) icoholder
ICObench5.6 / 10ChronoBank (TIME) icomarks
ChronoBank NEWS

How To get a verified Project status

To pass the verification you need to place a our logo on the main page of your website and make an announcement of the listing in your social network accounts. Send us the email in reply with confirmation of the link placement.

Horizontal
Square
Light
Dark
Height: 50 px
Width: 160 px

Leave a Reply

Your email address will not be published. Required fields are marked *

Top-Rated Crypto Projects

8.9
Sapien bountySapien (SET) Verified
Sapien (SET) logo
Sapien (SET)
ETO
The Sapien app is a user-friendly, decentralized cryptocurrency lightwallet, which also collects post-transactional data from the users in the form of ratings a ...
Start ICOApr 27, 2020
End ICOJul 26, 2020
ReceivedPending
GoalNot Set
8.3
Crypto Tron Exchange and Shop (CTE) Verified
Crypto Tron Exchange and Shop (CTE) logo
Crypto Tron Exchange and Shop (CTE)
ICO
Crypto Tron Exchange and Shop will be Thailand's newest and most sophisticated crypto company. A highly advanced crypto exchange, with its own ATM network and a ...
Start ICOMay 24, 2020
End ICOJul 24, 2020
ReceivedPending
GoalNot Set
8
BitValve bountyBitValve Verified
BitValve logo
BitValve
ICO
BitValve is a P2P Exchange platform
Start ICOApr 15, 2019
End ICOAug 29, 2020
ReceivedPending
Goal$ 2,800,000
7.9
BitcoinBlink (BSTK) Verified
BitcoinBlink (BSTK) logo
BitcoinBlink (BSTK)
ICO
BitcoinBlink recognizes the problems faced by existing exchange platforms and systematically solves them with innovation. Bitcoinblink is also one of the few cr ...
Start ICODec 16, 2019
End ICOJun 16, 2020
ReceivedPending
Goal$ 14,000,000