Chronobank-TIME

$30.99
$-- -9.11%
$34.22
24H High
$30.01
24H Low
$191894.23
24H Vol

Base Info

  • Max Supply
    710113 TIME
  • Total Supply
    710113 TIME
  • Circulating Supply
    710113 TIME
  • MarketCap
    $22M

Chronobank-TIME Introduction

Time is an Ethereum-based token issued by Chronobank. It allows users to receive dividends from the fees and issuance of Labor-Hour Tokens (LHT) in the Chronobank system.

Chronobank is a system designed to tokenize labour-hours using blockchain technology. The system leverages smart contract techniques to automate a process whereby a country-specific ‘labour-hour’ token may be redeemed for real labour-hours via legally binding (traditional) contracts with labour-offering companies. The proposed ‘stable-coin’ LHT implementation provides a non-volatile, inflation-resistant digital asset transfer system.