Chrono.tech

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Discover Chrono.tech's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Chrono.tech?

Chrono.tech (TIME) is a cryptocurrency token native to the Chrono.tech ecosystem, which provides blockchain-based solutions for recruitment, HR, and payment processes. The token was created in 2017 and is used for governance, staking, and rewards within the ecosystem. It operates on the Ethereum blockchain and has undergone updates to improve its functionality and integration with DeFi applications.

How is Chrono.tech used?

Chrono.tech (TIME) is the native token of the Chrono.tech ecosystem, which provides blockchain-based solutions for recruitment, HR, and payment processes. The TIME token is used in various ways across the ecosystem's services:

  1. Premium Account Status: TIME tokens can be used to secure premium account status on LaborX, the freelance work portal, which allows for more benefits and features.

  2. Staking and Rewards: TIME holders can stake their tokens in the TimeWarp smart contract to earn revenues generated by all products in the Chrono.tech ecosystem. The longer the tokens are locked, the larger the share of revenues received. Rewards are distributed every Tuesday.

  3. Liquidity Provision: Users can earn rewards by providing liquidity to supported decentralized exchanges (DEXs) by depositing TIME and its trading pair into liquidity pools and then staking the LP token received.

  1. Job Mining: TIME tokens can be used for Job Mining, which offers additional benefits on LaborX.

  2. Fees and Payments: TIME tokens are used to pay fees within the ecosystem's services, such as LaborX and PaymentX.

  3. Governance: As the native governance token, TIME holders have a say in the direction and development of the Chrono.tech ecosystem.

Overall, the TIME token plays a central role in facilitating the operations and interactions within the Chrono.tech ecosystem, which aims to revolutionize global recruitment and employment markets.

How do I store Chrono.tech?

To store Chrono.tech (TIME) tokens, you can use any regular Ethereum wallet, such as MetaMask. TIME is an ERC-20 compliant token contract, making it compatible with standard Ethereum wallets.

How to buy Chrono.tech?

To buy Chrono.tech (TIME) tokens, you can follow these steps:

  1. Find a Reliable Centralized Exchange: Look for a trustworthy centralized exchange where you can buy Chrono.tech. Some popular options include Coinbase, Gate.io, and PancakeSwap (v2).

  2. Use Uniswap: You can also use Uniswap, a decentralized exchange, to buy TIME tokens. To do this:

    • Visit uniswap.org and click "Launch App."
    • Connect your Ethereum wallet (e.g., MetaMask) by clicking "Connect to a wallet" in the upper right corner.
    • Search for the TIME token using its contract address: 0x485d17A6f1B8780392d53D64751824253011A260.
    • Choose how much ETH you want to exchange for TIME and click "Swap" to confirm the transaction.
  3. Create a Wallet: Ensure you have a compatible Ethereum wallet like MetaMask to store and manage your TIME tokens.

  1. Monitor Market Trends: Keep an eye on the current price and market trends of Chrono.tech to make informed purchasing decisions.

By following these steps, you can successfully buy Chrono.tech (TIME) tokens.

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History of Chrono.tech

Chrono.tech, an Australian blockchain company, was founded in 2016 with the aim of making short-term employment opportunities as accessible as any other online service. The company's vision is to revolutionize global recruitment and HR processes using blockchain technology, ensuring prompt and fair payments for workers worldwide.

Chrono.tech has developed a comprehensive ecosystem consisting of several platforms, including LaborX, a global recruitment platform that connects individuals with work opportunities and enables crypto payments; TimeX, a Plasma-based exchange that combines centralized and decentralized technologies; and PaymentX, an automated cryptocurrency payroll solution.

The native governance token of Chrono.tech is TIME, which is used across all platforms and plays a central role in the ecosystem. Initially, TIME tokens were based on the ERC-20 token standard but were migrated to the ERC-667 standard in November 2020, allowing for integration into DeFi protocols and lower transaction fees.

Over the course of three years, Chrono.tech has planned, funded, developed, and launched its suite of blockchain and cryptocurrency-based products, aiming to transform the world of recruitment and HR. The company has a thriving community of users, developers, and traders and has partnered with various organizations in both the cryptocurrency and conventional recruitment sectors.

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How Chrono.tech works

Chrono.tech is a blockchain-based ecosystem focused on recruitment, HR, and payment processes. It operates on multiple blockchain networks, including Ethereum, Polygon, and Binance Smart Chain. The native token of the ecosystem is TIME, which plays a central role in various applications and services within the platform.

Key Components
  1. TIME Token:

    • Supply: There are a total of 710,113 TIME tokens, and no more can be created.
    • Usage: TIME is used to access discounts and special perks, as a reward currency, and to pay fees across different services within the ecosystem.
  2. TimeWarp:

    • Staking: Users can stake their TIME tokens in a smart contract to earn rewards generated by the different apps and services within the Chrono.tech ecosystem.
    • Rewards: Rewards are distributed every Tuesday, and users receive a larger share of revenues when they commit to locking up their TIME tokens for longer periods.
  3. LaborX:

  • Freelance Marketplace: LaborX is a peer-to-peer freelancer marketplace where freelancers and customers organize work via digital agreements powered by smart contracts.
  • Premium Accounts: Users can achieve premium account status by holding a certain amount of TIME, which offers fee reductions and other perks.
  1. TimeX:

    • Cryptocurrency Exchange: TimeX is a hybrid Plasma-based exchange that combines the benefits of both centralised and decentralised technologies, offering fast and secure trading of digital assets.
  2. AUDT:

    • Stablecoin: AUDT is a fiat-backed stablecoin, fully backed by Australian dollars and hosted on the Ethereum blockchain.
  3. PaymentX:

  • Crypto Payroll Solution: PaymentX is a multi-currency crypto payroll solution that enables individuals and businesses to integrate crypto payments into their day-to-day invoice processes.
  1. TimeBridge:
    • Token Bridge: TimeBridge allows users to move TIME tokens between different blockchain networks, such as Ethereum, Polygon, and Binance Smart Chain, quickly and easily.
Functionality
  • Token Movement: Users can transfer TIME tokens between Ethereum, Polygon, and Binance Smart Chain using the TIME Bridge, which requires only a few confirmations before the tokens are available on the destination chain.
  • Staking and Liquidity: Users can stake their TIME tokens or provide liquidity to earn rewards, which are distributed every Tuesday.
  • Premium Accounts and Job Mining: LaborX users can achieve premium account status by holding TIME tokens, which offers fee reductions and other perks. The Job Mining feature allows users to earn TIME tokens with every task they complete, which can be used to upgrade their premium account status or withdrawn as part of their income.

Overall, Chrono.tech aims to reduce barriers to recruitment and payment processes by leveraging blockchain technology and providing a comprehensive ecosystem of services centered around the TIME token.

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Chrono.tech's strengths

The token Chrono.tech (TIME) has several strengths that contribute to its potential in the cryptocurrency market:

  1. Native Token of the Ecosystem: TIME is the native token of the Chrono.tech ecosystem, which includes LaborX, TimeX, and other services. This integration allows for seamless transactions and interactions within the ecosystem.

  2. Premium Status and Staking: TIME tokens can be used to secure premium account status on LaborX and for staking on TimeWarp, generating revenue from the ecosystem's services.

  3. ERC677 Standard: The updated TIME token contract is based on the ERC677 standard, which is fully compatible with ERC20 and offers additional functionality and better optimization. This upgrade enhances the token's usability and integration with DeFi protocols.

  1. Liquidity and Staking Products: The new TIME token contract enables the creation of liquidity pools on decentralized exchanges like Uniswap and Spartan Protocol, providing greater liquidity and rewards for the community. New staking products are also being developed, drawing on recent DeFi innovations.

  2. Governance Token: TIME will become the governance token for the Chrono.tech ecosystem, giving holders greater control and benefits within the ecosystem.

  3. Wide Availability: TIME tokens can be purchased on several well-known cryptocurrency exchanges, including Bittrex, KuCoin, and HitBTC, making it accessible to a broad range of investors.

These strengths position Chrono.tech (TIME) as a versatile and integrated token within its ecosystem, offering various benefits and use cases for its holders.

Chrono.tech's risks

Chrono.tech (TIME), a blockchain project focused on transforming job access and talent recruitment, carries several financial risks that investors should be aware of. These risks include:

  1. Market Volatility: Cryptocurrency markets are highly unpredictable, and prices can fluctuate rapidly. This volatility can result in significant losses if not managed properly.

  2. Risk Score: Chrono.tech has been assigned a high risk score by InvestorsObserver, indicating that it is a relatively high-risk investment. This score is based on factors such as the amount of money required to shift the price over a 24-hour period, recent changes in volume and market capitalization, and the potential for price manipulation.

  3. Manipulation Risk: The high risk score also suggests that Chrono.tech's price can be easily manipulated by limited trading, which can lead to significant price swings.

  1. Regulatory Risks: Regulatory changes and news can significantly impact the price of Chrono.tech. Investors should stay informed about any regulatory developments that may affect the project.

  2. Investment Suitability: Whether Chrono.tech is a good investment for an individual depends on their personal financial circumstances, risk tolerance, and investment goals. It is crucial to conduct thorough research and consult with a financial advisor before making any investment decisions.

  3. Past Performance: Past performance is not a guarantee of future returns. Chrono.tech's price history, which includes significant fluctuations, should be considered when making investment decisions.

  1. Leverage Risks: Trading Chrono.tech with leverage can result in rapid losses due to the high volatility of the cryptocurrency market.

Investors should carefully evaluate these risks and conduct thorough research before deciding to invest in Chrono.tech.

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Did Chrono.tech raise funds?

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Chrono.tech’s team

  • Sergei Sergienko: Chief Executive Officer
  • Andrey Petrushko: Chief Operating Officer
  • Saypulla Sheykhanov: Chief Technical Officer

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