ChronoBank

ChronoBank

Created using Figma
Created using Figma
A blockchain project aimed to disrupt the HR/recruitment/finance industry in a similar way to Uber's revolution of the taxi business
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Dec 15, 2016
Feb 15, 2017
100% completed
$5 400 000
4.3 K
cap
goal
36% goal completed
Goal 500.00 BTC
Cap 6 000.00 BTC
past
  • 1 TIME
    =
    0.007 BTC
Dec 15, 2016
Feb 15, 2016
100% completed
Raised funds - no Data
4.3 K
past
Company Details
Registered Country
Australia
Additional Details
Categories
Platform, Business services, Software

About ChronoBank

Chrono.tech was founded in 2016 with the vision of transforming the way individuals access jobs and businesses connect with contractors.Chrono.tech was founded in 2016 with the aim of making short-term employment opportunities as easy to access as any other online service. The company empowers HR and recruitment professionals with blockchain technology, as well as enabling global freelancers to secure the best jobs and make sure they are paid quickly and fairly.Chrono.tech vision is for a world in which anyone can find work and businesses can find the people they need, circumventing the middlemen, costs and inefficiencies of the conventional recruitment sector that so often proves a barrier to employment. The company’s wide-ranging ecosystem is designed to transform the way individuals access jobs and businesses connect with contractors, regardless of where workers and employers are located.

Features

- 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

Technical Info

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. The source code:  The code for Chronobank will be open source, repository will be provided once the ICO is complete. Proof of developer:  Public team

Activity

Activity:
1 081
VERY HIGH
Merit:
251
HIGH
Posts:
11
VERY LOW
Views:
199
VERY LOW
Users:
9
VERY LOW

ChronoBank Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Alexander Rugaev
Chief Crypto Officers
unverified
Paul Glover
Ideologist
unverified
Mikhail Savchenko
СTO
unverified

5 ICO

$13 170 000

Sergei Sergienko
CEO
unverified
$ 33.22
6.00%
Crypto Stats
Daily, %:
6.00%
Weekly, %:
-17.96%
Monthly, %:
-50.18%
Market Info
Market Cap:
$ 23.63 M
Volume 24h:
$ 11.876 K
Circ. Supply:
710.113 K TIME
Ticker:
TIME
ICO profit
X 0.3186
ICO Price~$104.27

ChronoBank Reviews

bitcoinexchangeguide.com
reviews

Ultimately, ChronoBank is targeted towards freelancers who want a different way to quantify their effort and reputation. Today, freelancers sell their time in exchange for fiat currencies. With ChronoBank, freelancers can sell their time in exchange for labor hour tokens (LH) based on the price of labor in their country of origin. Overall, ChronoBank plans to disrupt the HR, recruitment, and finance industries in a similar way to how Uber disrupted the taxi business.

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