Tuesday, 31 January 2017

Chronobank

The market of Cryptocurrency is growing day by day.
 But still, why isn't Cryptocurrency widely used to pay salaries and make basic transactions? The culprit is it's infamous volatility. This makes it essential to have a Stable cryptocurrency. And this can lead to wider adoption of cryptocurrency. Recently, we saw the demand of stable currency in form of USDT (Tether).
But still it's not completely non volatile. Due to inflation and other reasons, value of currency changes. So what's the solution ? Solution is Chronobank.

CHRONOBANK


Chronobank would be launching LH (Labour Hours) cryptocurrency. It would not be pegged to USD but to the average hourly income of a country. It would not be limited just to USA but will also exist in other parts of world like EU, Australia and UK. Each country having it's own LH with different value. For example, Australia would have LHAU which would have a value of 37.9 Australian Dollars (Value will change as average wages of country changes). Chronobank would be used by companies to pay its employees salary. Employees would get a Debit Cards which would guarantee instant liquidation of LH to Fiat currencies.


Short Explanatory Video of Chronobank


 Demand arises from... 

  1. Big Companies that would use LH to pay its employees.
  2. Cryptocurrency users looking for a stable currencies. 
  3. Freelancing sites that can pay in LH instead of volatile currencies like Bitcoin.
  4. People looking for long term investment with least risk.


 There has already been some agreements with some big companies that would be using Chronobank, which includes -

  •  Anderson Recruitment and Training Pty Ltd 
  •  Host Group/Host Labour Hire 
  •  AES Labour Hire Pty Ltd 
  •  Edway Labour Hire 

Want to be a part of this change ?

Invest in their ICO (Initial Coin Offering) which would also enable you to receive dividends from the profits of Chronobank.
You can see an analysis of profits in my article - https://medium.com/@58f276e87e2b/98c4d1fd8e0b


 Chronobank Website - https://chronobank.io

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11 comments :

  1. Bitcoin31 January 2017 at 08:15

    is there any discount available ???

    ReplyDelete
  2. Alex31 January 2017 at 12:03

    will there be any exchanges with this token

    ReplyDelete
    Replies
    1. LinuxTech1 February 2017 at 04:54

      TIME tokens would be on 4-5 exchanges according to Chronobank team.
      One of then would be Lykke. It would also have an instant exchange service of Changelly

      Delete
    2. LinuxTech3 February 2017 at 06:51

      It would also be on EXMO exchange. :)

      Delete
    3. LinuxTech6 February 2017 at 05:31

      And Also Liqui.

      Delete
  3. LinuxTech13 March 2017 at 10:03

    Now it is also on Bittrex

    ReplyDelete
  4. Loyal9 May 2017 at 07:55

    Great article bro

    ReplyDelete
  5. neogaswebwallet29 November 2017 at 02:36

    A hot wallet refers to a Bitcoin wallet that is online and connected in some way to the Internet. It is a term that refers to bitcoins that are not being kept in cold storage. Bitcoin-related services and exchanges that are able to pay out withdrawals instantly can be said to be paying them from a "hot wallet".
    neo gas web wallet

    ReplyDelete
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