Daniel from Improve Press
Chrono.tech was established in 2016 in Sydney, Australia, to revolutionize how individuals discover employment and corporations cope with contractors. Chrono.tech offers blockchain-based options for recruitment, HR, and cost processes to securely scale back and get rid of boundaries to hiring and transferring funds for each staff and employers.
TIME is the Chrono.tech ecosystem’s native token that can be utilized inside its suite of merchandise.
The Chrono.tech improvement accomplishments vary from efficiently deploying decentralized functions (DApps) to growing its personal aspect chain with a singular consensus mechanism.
On this article, we’ll dive deep into what Chrono.tech is, discover the Time token, and discover ways to purchase Chrono.tech TIME token in a couple of easy steps.
Let’s get proper to it!
What Is Chrono.tech
Chrono.tech presents blockchain-based options for recruiting, HR, and payroll to scale back the hurdles of discovering employment and transferring funds securely within the world labor market.
Chrono.tech goals to allow world freelancers to safe the perfect jobs and be paid rapidly and pretty, and companies to search out and recruit the individuals they want. It operates via blockchain know-how, eliminating boundaries to the standard recruitment business corresponding to intermediaries, prices, and inefficiencies. The corporate’s ecosystem is designed to rework the way in which people hook up with companies and companies join with contractors globally.
The mission’s suite of services, together with its native governance token TIME, are hosted on varied blockchains and embody LaborX.com, a peer-to-peer market for unbiased contractors, TimeX.io, a Plasma-based cryptocurrency change, AUDT, an Australian dollar-backed stablecoin, and PaymentX, a cryptocurrency invoicing and payroll answer.
TIME Token
The Chrono.tech ecosystem’s native token, TIME, can be utilized throughout the ecosystem to safe premium account standing and entry service-related income by staking TIME on TimeWarp.finance.
The unique TIME token was minted in February 2017 as an ERC20 and was up to date to the brand new ERC677 normal in November 2020. The replace allows the TIME token to be built-in with varied DeFi protocols, providing lower-cost transactions and extra performance whereas remaining absolutely ERC20-compatible. Moreover, the brand new TIME 2.0 token contract additionally accommodates up-to-date mission metadata. With the improve to the ERC677 normal, new blockchains had been added to the Chrono.tech ecosystem, making TIME accessible on Binance Good Chain and Polygon, along with the Ethereum mainnet.
Chrono.tech Ecosystem
Chrono.tech seeks to supply blockchain-based options for the HR and recruitment business. The Chrono.tech ecosystem consists of the next merchandise:
1. LaborX.com
LaborX.com is Chrono.tech’s freelance job platform that allows freelancers and purchasers to attach, plan work utilizing digital agreements pushed by sensible contracts, and receives a commission securely and robotically in cryptocurrency. When the work is accomplished, escrowed funds are robotically launched, and a proportion of the price, transformed to TIME tokens, is shared between the freelancer, employer, and TimeWarp stakers. A dispute decision service is supplied within the occasion of disagreement.
TIME tokens additionally give entry to Premium standing on LaborX, with such advantages as elevated TIME bonuses and precedence placement in search outcomes.
LaborX.com is decentralized so anybody can use it, and it prices low charges.
2. TimeX.io
TimeX.io is the Chrono.tech’s cryptocurrency change, primarily based in Australia, licensed and compliant with AUSTRAC, the nation’s monetary intelligence company. TimeX is a hybrid Plasma-based change that mixes some great benefits of each centralized and decentralized techniques, permitting lower-cost transactions and a user-friendly buying and selling expertise. The usage of Plasma allows fast and safe buying and selling of digital belongings, whereas the standard UI delivers an easy-to-use buying and selling expertise.
25% of buying and selling charges from all of the trades made on TimeX are transformed to TIME and robotically credited to the customers’ accounts.
3. TimeWarp.finance
TimeWarp.finance is the ecosystem’s DeFi yield farming software, the place holders of TIME can stake their token to earn their share of ecosystem revenues. All generated revenues are paid out to the TIME holders weekly.
TimeWarp additionally pays out TIME weekly to liquidity suppliers for the TIME swimming pools on main AMMs on Ethereum mainnet, Polygon, and BSC.
4. AUDT.to
AUDT.to is an Ethereum-based stablecoin backed 1:1 by Australian {dollars} (AUD). AUDT permits merchants to swiftly and easily transfer funds out and in of the blockchain ecosystem from an Australian checking account, retailer worth in AUD on the blockchain, and switch funds throughout the globe. AUDT is among the many key fiat currencies exchanged on TimeX. AUDT complies with AUSTRAC requirements and is audited frequently by a certified third-party accounting agency.
5. PaymentX.io
PaymentX.io is a multi-currency crypto payroll system that permits people and organizations to combine crypto funds into their day-to-day bill operations. Contractors can submit skilled invoices and choose a crypto pockets for cost. Corporations will pay a number of invoices with a single click on, and this system robotically interprets the dollar-equivalent quantity owed into cryptocurrency in the intervening time of transaction. This technique eliminates the necessity for human computations and helps keep away from the human error sometimes concerned in paying freelancers and staff in crypto.
6. TimeBridge.org
TimeBridge.org is an in-house designed multi-blockchain token bridge that helps completely different blockchains corresponding to Ethereum, Polygon, and BSC. It allows the quick and simple change of TIME tokens between the networks utilizing a MetaMask pockets.
Crypto Gaming United (CGU) is a brand new mission co-founded by Chrono.tech founder Sergei Sergienko. The aim is to make it simpler and extra worthwhile for players to entry play-to-earn choices because the business grows. Whereas CGU is a separate endeavor, it makes use of all of Chrono.tech’s know-how, with gamers forming groups by way of LaborX and transferring their earnings by way of TimeX, thereby rising the ecosystem’s person base and income.
Chrono.Tech Tokenomics
TIME token was launched in February 2017 as an ERC-20 token with a set provide of 710,113, instantly after Chrono.tech’s crowd sale was accomplished. There isn’t a reserved provide, which signifies that all tokens are in circulation.
On the finish of 2021, the token contract was up to date to the ERC-677 normal, which is 100% appropriate with ERC-20 however is extra optimized and has further options. The amount of the token has remained the identical; due to this fact, there’ll by no means be greater than 710,113 TIME tokens.
Mark Carnegie, a enterprise capitalist, and a European household workplace, has just lately invested $30 million within the agency.
Examine the real-time Chrono.tech TIME Value, market cap, circulating provide, 24-hour buying and selling quantity, whole provide, and many others., on CoinStats, probably the greatest crypto platforms round.
How you can Purchase Chrono.Tech on CoinStats
Shopping for Chrono.tech (TIME) is fairly easy. Customers should buy TIME tokens on a number of crypto exchanges, corresponding to Binance, MXC, Gate.io, Crypto.com, and Uphold.
To buy Chrono.tech on CoinStats, you should join your pockets and swap your current digital tokens for TIME. CoinStats helps over 250 cryptocurrency exchanges and over 8,000 cryptocurrencies. You should use the CoinStats Pockets, MetaMask Pockets, Belief Pockets, Ledger Pockets, and many others.
Comply with our step-by-step information to purchasing Chrono.tech on CoinStats:
Step #1: Log in to CoinStats
To purchase TIME, customers want some main crypto tokens like Bitcoin, Ethereum, and many others., of their crypto pockets. You could log in to your current account or create an account on the Coinstats.app and seek for Chrono.tech within the search bar to purchase TIME.
Step #2: Click on Purchase
Subsequent, click on on the “Purchase TIME” button positioned within the web site’s higher proper nook.
Step #3: Join Your Pockets
Navigate to the “swap” characteristic and hyperlink the pockets the place you retain your ETH or BTC tokens. If you click on the “Join” button, you’ll be introduced with a number of pockets choices supported by CoinStats. Seek for your pockets and join it. You may as well hyperlink it by scanning the QR Code with WalletConnect or manually getting into the Blockchain/Crypto and Pockets handle in your internet or cellular software.
Step #4: Choose the Tokens
After efficiently linking your pockets, choose the token to swap by getting into the info in cryptocurrencies or USD/EUR.
As an illustration, we’re swapping ETH for TIME or shopping for TIME with ETH.
Within the “From” tab, choose the ETH token out of your pockets, and within the “To” tab, choose “TIME.”
Step #5: Swap Crypto
Regulate the slippage and fuel settings within the “Superior Choices” and click on the “Submit Swap” button whenever you’re completed with customizing.
After submitting your swap request, you’ll be requested to substantiate it. Double-check the data displayed in your internet or cellular app web page and click on the “Affirm” button.
Your transaction is now in course of. The pace of your transaction will fluctuate primarily based on the fuel settings you select. You possibly can observe your transaction utilizing the loader within the backside proper nook of the pockets’s predominant web page.
NOTE: You’ll be charged Community Transaction charges, typically often called fuel charges required to carry out a blockchain transaction. In essence, fuel prices are paid within the community’s native forex, corresponding to Ethereum for the Ethereum community. CoinStats additionally prices a minor swap price along with the fuel charges.
How you can Purchase Chrono.tech (TIME) on Cryptocurrency Exchanges
Right here’s our detailed step-by-step information on purchase Chrono.tech (TIME) on cryptocurrency exchanges:
Step #1: Choose an Alternate
You should purchase TIME tokens on a number of exchanges. You’ll want to check them to decide on the one with the traits you want, corresponding to low transaction charges, an intuitive platform, and round the clock customer support. Additionally, contemplate if the cryptocurrency change is regulated by the Monetary Trade Regulatory Authority (FINRA), and many others., and permits shopping for TIME along with your most popular cost strategies.
Step #2: Login or Create an Account
After you’ve selected a cryptocurrency change that meets all your necessities, the following step is to register with the change utilizing your electronic mail or cellular quantity. The necessities fluctuate primarily based on the platform. To get verified and start buying and selling, you should enter the verification code despatched to your electronic mail or mobile phone.
Some exchanges have strict KYC and AML necessities, and you should present private data corresponding to your title, contact data, electronic mail handle, residence handle, social safety quantity, and a duplicate of a government-issued ID like a driver’s license or passport to get verified. When you intend to deposit fiat forex out of your checking account to purchase the TIME token, you should submit this data to authenticate.
As soon as your identification verification is full, utilizing two-factor authentication (2FA) is really useful to guard your belongings.
Notice: Current customers can straight log in to their change account to purchase Chrono.tech (TIME).
Step #3: Deposit Funds
The following step is to fund your account. Many exchanges allow you to fund your account with fiat forex like USD or EUR. Merely choose your most popular technique, corresponding to a financial institution switch, wire switch, credit score or debit playing cards, e-wallets, PayPal, and many others. The cost technique used to purchase TIME tokens will probably be decided by the platform, location, and preferences.
Some deposit choices are extraordinarily quick, whereas others require a affirmation from authorities relying on the quantity. Keep in mind to check the prices related to varied deposit choices as a result of some have larger charges than others.
Step #4: Purchase TIME
The method of buying Chrono.tech (TIME) is comparable throughout all exchanges. Seek for Chrono.tech (TIME) within the search bar, choose and click on on “Purchase TIME” or its equal. Enter the quantity of TIME or the fiat quantity to be spent.
Most exchanges will robotically convert the quantity to indicate you the way a lot cash you’ll spend and what number of TIME tokens you’ll get. Double examine all the main points earlier than continuing with a last affirmation.
You possibly can place a market order to purchase Chrono.tech (TIME) tokens instantly on the present market value or a restrict order indicating you wish to purchase TIME at or beneath a selected value level. The cash will solely seem in your pockets in case your dealer executes your order at or beneath the desired value.
Retailer Chrono.tech (TIME)
When you’ve accomplished your TIME buy, the following step is to decide on a safe pockets to retailer your TIME tokens. Your tokens might be saved in your brokerage change pockets, however they are going to be weak to assaults by on-line hackers. Because of this, we extremely urge you to maintain your cryptocurrencies in a personal pockets with your individual personal keys.
Cryptocurrency wallets are categorized into two varieties: software program wallets and {hardware} wallets. The CoinStats Pockets is a wonderful software program pockets for storing Chrono.tech TIME. The CoinStats Pockets securely saves your belongings and means that you can monitor and handle your complete portfolio from a single place with crypto portfolio trackers.
{Hardware} wallets, also referred to as chilly wallets just like the Ledger or Trezor, are essentially the most safe choices since they provide secure offline storage and backup capabilities. These are finest suited to skilled customers with numerous tokens.
How you can Promote Chrono.tech TIME
You possibly can money out your TIME with the identical change you purchased it from by following the identical steps:
1. Login or Create an Account
Check in to the change account the place you might have TIME.When you have saved your Chrono.tech (TIME) in a digital pockets, examine crypto exchanges to decide on the place to promote it, and create an account.
2. Place a Promote Order
Select how a lot TIME you want to promote and place a promote order.
3. Full Your Transaction
Full your TIME sale by confirming the promoting value and charges.
Is Chrono.tech (TIME) a Good Funding
Earlier than investing in TIME, contemplate the next key options:
Beneficiant Staking Rewards: Customers can stake TIME tokens with the native TimeWarp software to acquire staking incentives. They’re assured common payouts, job mining, and premium account standing on the LaborX freelancing platform for staking the TIME token and supporting the ecosystem.
Governance: Along with its utility, TIME serves because the Chrono.tech ecosystem’s governance token. TIME 2.0 lowered transaction costs and allowed TIME to include further decentralized finance (DeFi) protocols whereas remaining absolutely compliant with the ERC20 normal. Token holders can now use the token to vote on the Chrono.tech mission’s future improvement.
A Suite of Providers: Chrono.tech is dedicated to offering a complete assortment of options that contribute important worth to the employment market. There aren’t many different cryptocurrency protocols centered on the employment enterprise, which can assist Chrono.tech achieve a dominant market share. Whereas the protocol is not going to must compete with many different crypto-based companies, Chrono.tech will nonetheless must compete with conventional HR-focused enterprises.
Native Stablecoin: The ecosystem offers its personal Australian greenback stablecoin, AUDT. The stablecoin is totally backed by an Australian greenback reserve and can be utilized by employers on the native PaymentX community. AUDT is likely one of the key fiat currencies traded on TimeX.
Closing Ideas
Chrono.tech is likely one of the most revolutionary initiatives, aiming to unravel a collection of issues within the world recruitment and employment markets. It goals to revolutionize the employment market by growing blockchain-based options that permit anybody to search out jobs and companies to search out the individuals they want whereas avoiding the middlemen, prices, and inefficiencies that plague the standard recruitment sector and are ceaselessly a barrier to employment.
The crew has a powerful imaginative and prescient to write down the following chapter of historical past by realizing its aim of permissionless, open, world employment.
You may as well go to our CoinStats weblog to be taught extra about wallets, cryptocurrency exchanges, portfolio trackers, tokens, and many others., and discover our in-depth shopping for guides on purchase varied cryptocurrencies, corresponding to How you can Purchase Floki Inu, What Is DeFi, How you can Purchase Cryptocurrency, and many others.
Funding Recommendation Disclaimer: The data contained on this web site is supplied to you solely for informational functions and doesn’t represent a suggestion by CoinStats to purchase, promote, or maintain any securities, monetary product, or instrument talked about within the content material, nor does it represent funding recommendation, monetary recommendation, buying and selling recommendation, or every other sort of recommendation.
Cryptocurrency is a extremely risky market and delicate to secondary exercise, do your unbiased analysis, receive your individual recommendation, and solely make investments what you may afford to lose. There are important dangers concerned in buying and selling CFDs, shares, and cryptocurrencies. Between 74-89% of retail investor accounts lose cash when buying and selling CFDs. It’s best to contemplate your individual circumstances and acquire your individual recommendation earlier than making any funding. You also needs to confirm the character of any services or products (together with its authorized standing and related regulatory necessities) and seek the advice of the related regulators’ web sites earlier than making any determination.
