ChronoBank, the time-based cryptocurrency platform for short-term recruitment industry is all set to start a crowd sale.
The revolutionary blockchain-based recruitment platform has set the crowd sale price at 1 bitcoin for 100 Time tokens. Anyone investing in these crypto tokens during the pre-sale will receive a share of the Labor Hour cryptocurrency as soon as the platform is launched. The Labor Hour cryptocurrency will be the mode of value exchange on the ChronoBank network. It is a multi-blockchain crypto asset whose value is pegged to the value of different fiat currencies. The value of Labor Hour tokens is free from volatility like in the case of other digital currencies.
ChronoBank currently has plans to peg the Labor Hour tokens to four major fiat currencies — United States dollar, Australian dollar, euro, and pound sterling. The stable cryptocurrency, to be used for paying employees over ChronoBank network eliminates the concerns of employees being left shortchanged due to fall in the value of cryptocurrency at any point of time. The Labor Hour tokens will be supported by Ethereum, Waves and NEM blockchains.
Investors participating in the upcoming Time token crowd sale will be eligible for 0.15% of all the transaction fees received by the network. In addition, Time token holders will also receive rewards for every new Labor Hour token created on the platform. The rewards offered by the platform will progressively decrease as the number of transactions increase.
ICO investors holding Time tokens will receive an issuance fee of 3%, 2% and 1% during the years 2017, 2018 and 2019 respectively. On the long run, investing in ChronoBank ICO is an attractive option as the platform is definitely going to grow. The ChronoBank project is being backed by Edway Group Limited — which is also one of the co-founders of the project. Edway Group is a leading Australian firm working in the recruitment sector for over 100 years. The industry expertise and contacts leveraged through this partnership are definitely going to increase ChronoBank’s adoption among some of the well-known firms across the world in no time.
The much awaited ICO of the year is right around the corner. It is time for the investors to be ready to lay their hands on those Time tokens as soon as it becomes available.