Chrono.tech, a company based in Sydney (Australia) was founded in 2016. Its goal is to change the way people look for work and how companies interact with contractors. Chrono.tech uses blockchain technology to provide solutions in the areas of recruitment, HR, payment, and payroll to reduce or eliminate any barriers to hiring workers and transfers funds.
TIME is the Chrono.tech ecosystem’s native token that can be used within its suite of products.
The Chrono.tech development accomplishments range from successfully deploying decentralized applications (DApps) to developing its own side chain with a unique consensus mechanism.
In this article, we’ll dive deep into what Chrono.tech is, explore the Time token, and learn how to buy Chrono.tech TIME token in a few simple steps.
Let’s get right to it!
What’s the Meaning of Chrono.tech
Chrono.tech provides blockchain-based solutions to HR and recruitment, as well as payroll, in order to lower the barriers for finding work and transfer funds safely on the global labor market.
Chrono.tech is a platform that enables global freelancers, as well as businesses to recruit and find the right people. Blockchain technology is used to eliminate barriers such as costs and inefficiencies, which can hinder the traditional industry of recruitment. The company’s ecosystem is designed to transform the way individuals connect to businesses and businesses connect with contractors globally.
The project’s suite of products and services, including its native governance token TIME, are hosted on various blockchains and include LaborX.com, a peer-to-peer marketplace for independent contractors, TimeX.io, a Plasma-based cryptocurrency exchange, AUDT, an Australian dollar-backed stablecoin, and PaymentX, a cryptocurrency invoicing and payroll solution.
TIME Token
The Chrono.tech ecosystem’s native token, TIME, can be used across the ecosystem to secure premium account status and access service-related revenue by staking TIME on TimeWarp.finance.
TIME was first created in February 2017. It started as ERC20 token. In November 2020, it was upgraded to ERC677. This update allows the TIME token integration with several DeFi protocols. It offers lower transaction costs and more functionality, while still being fully ERC20 compatible. TIME 2.0’s new token contract contains the most current project metadata. New blockchains have been added to Chrono.tech’s ecosystem to support the ERC677 upgrade. TIME is now available on Binance Smart Chain, Polygon and the Ethereum mainnet.
Chrono.tech Ecosystem
Chrono.tech aims to offer blockchain-based solutions in the recruitment and HR industry. Here are some of the products included in Chrono.tech’s ecosystem:
1. LaborX.com
LaborX.com is Chrono.tech’s freelance job platform that enables freelancers and clients to connect, plan work using digital agreements driven by smart contracts, and get paid securely and automatically in cryptocurrency. After the job is done, the escrowed funds will be released and a portion of the fees, which are converted into TIME tokens by the employer and TimeWarp stakeholders, will be shared among the freelancers and the employers. In the case of disagreement, a dispute resolution service will be provided.
Additionally, TIME tokens give you access to premium status on LaborX. This includes increased TIME bonuses as well as priority placement in search results.
LaborX.com can be used by anyone, with low fees.
2. TimeX.io
TimeX.io is the Chrono.tech’s cryptocurrency exchange, based in Australia, licensed and compliant with AUSTRAC, the country’s financial intelligence agency. TimeX.io is a Plasma-based hybrid exchange. It combines both the benefits of centralized and decentralized systems. TimeX offers lower costs transactions and provides a friendly trading environment. Plasma allows quick and safe trading of digital assets. The traditional UI offers an easy-to use trading experience.
25% of trading fees from all the trades made on TimeX are converted to TIME and automatically credited to the users’ accounts.
3. TimeWarp.finance
TimeWarp.finance is the ecosystem’s DeFi yield farming tool, where holders of TIME can stake their token to earn their share of ecosystem revenues. TIME holders receive weekly payments for all revenues generated.
TimeWarp pays TIME to the liquidity providers weekly for major AMMs on Ethereum mainnet and Polygon.
4. AUDT.to
AUDT.toIt is an Ethereum-based stablecoin, backed 1:1 by Australian dollars. Trades can quickly move money from their Australian bank accounts to the blockchain ecosystem. They can store value on the blockchain in Australian dollars (AUD), and also transfer funds all over the globe using AUDT. TimeX supports the exchange of AUDT, which is one of the most important fiat currencies. A qualified third-party accountant audits AUDT on a periodic basis to ensure compliance with AUSTRAC standards.
5. PaymentX.io
PaymentX.io allows organizations and individuals to incorporate crypto payments in their daily invoice processes. Contractors have the ability to submit professional invoices. They can also choose a cryptocurrency wallet to pay. The program allows companies to pay multiple invoices in one click. It automatically converts the dollar equivalent amount into cryptocurrency during the transaction. This eliminates the need to use human computations. It also helps reduce human error that is often involved when paying employees or freelancers in cryptocurrency.
6. TimeBridge.org
TimeBridge.orgIt is an in-house-designed multi-blockchain token exchange that supports multiple blockchains, such as Ethereum and Polygon. This wallet allows for the quick and simple exchange of TIME tokens among the networks via a MetaMask wallet.
Crypto Gaming United (CGU).Sergei Sergienko, founder of Chrono.tech has co-founded this new project. Its goal is to make play-to earn easier for gamers as the industry develops. While CGU is a separate endeavor, it makes use of all of Chrono.tech’s technology, with players forming teams via LaborX and transferring their earnings via TimeX, thereby increasing the ecosystem’s user base and revenue.
Chrono.Tech Tokenomics
TIME token was released in February 2017 as an ERC-20 token with a fixed supply of 710,113, immediately after Chrono.tech’s crowd sale was completed. All tokens are currently in circulation, as there is no reserve supply.
At the close of 2021 the token contract was modified to conform with the ERC-677 standard. It is compatible 100% with ERC-20 and is also more optimized. It has been kept the same quantity; there will not be more than 710113 TIME tokens.
Mark Carnegie, venture capitalist and European Family Office, was recently invested $30 millionIn the company.
You can check the Chrono.tech live-stream. TIME price, market cap, circulating supply, 24-hour trading volume, total supply, etc., on CoinStatsOne of the most popular crypto platforms.
How to buy Chrono.Tech from CoinStats
It is easy to buy Chrono.tech tokens (TIME). TIME tokens are available for purchase on several cryptocurrency exchanges such as Binance and MXC.
You must first connect to your CoinStats wallet. Then, swap any existing digital tokens with TIME in order to purchase Chrono.tech. CoinStats has over 250 crypto exchanges, and more than 8,000 cryptocurrencies. Use the CoinStats Wallet or MetaMask Wallet to access your coins.
We will walk you through the steps to purchase Chrono.tech at CoinStats.
Step 1: Sign in to CoinStats
You will need several major crypto tokens, such as Bitcoin or Ethereum to purchase TIME. Log in to your current account, or create an account at Coinstats.app. Search for Chrono.tech on the search bar in order to purchase TIME.
Step 2: Click “Buy”
Next, click on the “Buy TIME” button located in the website’s upper right corner.
Step 3: Connect Your Wallet
Navigate to the “swap” feature and link the wallet where you keep your ETH or BTC tokens. When you click the “Connect” button, you’ll be presented with several wallet options supported by CoinStats. Connect your wallet by searching for it. Link it using WalletConnect’s QR Code scanner or by manually entering your Blockchain/Crypto or Wallet address on your website or mobile app.
Step #4: Pick the Tokens
Once you have successfully linked your wallet, choose the token that you wish to exchange by entering data in cryptos or USD/EUR.
We can swap ETH for TIME, or buy TIME with Ethereum.
In the “From” tab, select the ETH token from your wallet, and in the “To” tab, select “TIME.”
Step #5: Swap Crypto
Adjust the slippage and gas settings in the “Advanced Options” and click the “Submit Swap” button when you’re done with customizing.
After submitting your swap request, you’ll be asked to confirm it. Double-check the information displayed on your web or mobile app page and click the “Confirm” button.
The transaction is currently in progress. The settings you make will impact the speed of your transaction. You can track your transaction using the loader in the bottom right corner of the wallet’s main page.
NOTE: You’ll be charged Network Transaction fees, often known as gas fees required to perform a blockchain transaction. In essence, gas costs are paid in the network’s native currency, such as Ethereum for the Ethereum network. CoinStats charges minor swap fees in addition to gas costs.
How to Purchase Chrono.tech (TIME), on Cryptocurrency Exchanges
Here’s our detailed step-by-step guide on how to buy Chrono.tech (TIME) on cryptocurrency exchanges:
Step 1. Select an Exchange
TIME tokens are available on many exchanges. You’ll need to compare them to choose the one with the characteristics you need, such as low transaction fees, an intuitive platform, and round-the-clock customer service. Consider whether the exchange has been regulated by the Financial Industry Regulatory Authority, (FINRA) and allows you to buy TIME using your preferred payment method.
Step 2: Sign in or create an account
After you’ve decided on a cryptocurrency exchange that meets all of your requirements, the next step is to register with the exchange using your email or mobile number. It depends on which platform you choose, so the requirements may vary. In order to verify your account and trade, enter the verification code received by email.
Some exchanges have strict KYC and AML requirements, and you must provide personal information such as your name, contact information, email address, home address, social security number, and a copy of a government-issued ID like a driver’s license or passport to get verified. You must provide the following information in order to verify that you are able to make a deposit of fiat currency to your bank account for purchase of TIME token.
To protect your assets, it is recommended that you use two-factor authentication (2FA), once your identity verification has been completed.
Note: Users who are already registered can login to their Exchange account and buy Chrono.tech or TIME.
Step 3: Deposit the funds
Funding your account is the next step. Funding your account can be done with any fiat currency, such as USD or EUR. You can choose your preferred payment method such as wire transfer or bank transfer. TIME tokens can be purchased using any of the following payment methods: location, platform and preference.
Some deposit options can be done very quickly, others may require confirmation from authorities, depending on how large the deposit is. Compare the fees associated with different deposit options as some may charge higher than others.
Step 4: Purchase TIME
It is easy to purchase Chrono.tech or TIME on all the exchanges. Search for Chrono.tech (TIME) in the search bar, select and click on “Buy TIME” or its equivalent. Enter the TIME amount or fiat amount you wish to spend.
Most exchanges will automatically convert the amount to show you how much money you’ll spend and how many TIME tokens you’ll get. Make sure to double check everything before you send the final confirmation.
To buy tokens of Chrono.tech (TIME), you can either place a market or limit order. This will allow you to purchase TIME immediately at the market price. If your broker places your order at the price specified, your coins will appear in your wallet.
Shop Chrono.tech
Once you’ve completed your TIME purchase, the next step is to choose a secure wallet to store your TIME tokens. While your tokens may be kept in your brokerage account wallet, they are vulnerable to online hackers. Therefore, it is highly recommended that your crypto assets be kept in your personal wallet and protected by your keys.
There are two kinds of cryptocurrency wallets: hardware wallets or software wallets. CoinStats wallet is a great software wallet to store Chrono.tech time. There are many options for storing Chrono.tech TIME. CoinStats WalletYour assets are securely saved and you can manage and monitor your entire portfolio from one location. crypto portfolio trackers.
These cold wallets (also known as the Ledger and Trezor) are among the safest options. They offer offline storage, backup, and secure online storage. This is the best option for those who are experienced and have access to a wide range of tokens.
What to sell Chrono.tech. TIME
You can cash out your TIME with the same exchange you bought it from by following the same steps:
1. Register or create an account
Register to an exchange account that you own TIME.
2. Make a sale order
Select the amount of TIME that you want to sell, and then place an order.
3. Close Your Transaction
Confirm your TIME sale and confirm the selling price.
Is Chrono.tech (TIME) a Good Investment
Consider the following features before you invest in TIME
Take home generous Staking rewardsTIME token holders can also stake TIME tokens using the TimeWarp app to receive staking incentives. You will receive regular payments, job mining, premium account status, and a guarantee of regular payment via the LaborX platform. This is for supporting the ecosystem and staking TIME tokens.
Governance: In addition to its utility, TIME serves as the Chrono.tech ecosystem’s governance token. TIME 2.0 allowed TIME to lower transaction costs and allow TIME additional Decentralized Finance (DeFi), protocols, while still complying with the ERC20 standard. Token holders can now use the token to vote on the Chrono.tech project’s future development.
All-inclusive ServicesChrono.tech is dedicated to offering a broad range of solutions that add significant value to the job market. There aren’t many alternative cryptocurrency protocols focused on the employment business, which may help Chrono.tech gain a dominant market share. Although the protocol won’t have to compete against many crypto-based companies, Chrono.tech still has to compete in traditional HR-focused businesses.
Native StablecoinThe ecosystem offers its own Australian dollar stablecoin (AUDT). Employers on local PaymentX networks can access the stablecoin and use it to back up their Australian dollar reserves. The TimeX currency AUDT can be traded as one of the most important fiat currencies.
Closing Thoughts
One of the most exciting projects is Chrono.tech. It aims to address a variety of issues in global employment and recruitment markets. By developing blockchain-based solutions, it aims to revolutionize employment by allowing anyone to find work and businesses to hire the best people. It also avoids the inefficiency, cost, and middlemen that plague the traditional recruiting sector.
This team is driven to make history and achieve its vision of global, permissionless employment.
Also, you can visit www. CoinStats blogLearn more about cryptocurrency exchanges and wallets portfolio trackersExplore our detailed buying guides for how to purchase various cryptocurrency such as tokens and cryptocurrencies. How to buy the Floki inu, DeFi: What is it?, How to Purchase Cryptocurrency, etc.
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