Chrono.tech is building a comprehensive ecosystem for HR and finance, helping reduce or eliminate the barriers to recruitment and payment processes for both workers and employers.
Chrono.tech proposes the ChronoBank system, a centralized entity that coordinates the creation, redemption, and destruction of Labour-Hour Tokens ($LHT). $LHT is the main means of payment for people’s work in LaborX sidechain.
The ecosystem is composed of the following products:
- LaborX
LaborX is a global recruitment platform that connects individuals with work opportunities, wherever they are based in the world, and enables them to get paid in crypto. The software offers efficient transactions and robust protections for both parties. - TimeX
TimeX is a Plasma-based exchange. The platform combines both centralised and decentralised technologies, aiming at offering the best of both worlds in terms of speed, security, cost and protection against front-running and illegal activities. - PaymentX
PaymentX is an automated cryptocurrency payroll solution for business. Business can pay the team using crypto in one click, send and receive professional invoices, and set up regular payment dates.
$TIME permits the token holders with admittance to the ChronoBank system, where the holders are entitled to the functionality in the system such as to create new brand platforms, to create assets and crowdsale campaigns, to buyback ERC-20 tokens, to create and remove wallets, and to vote on important decisions regarding the ChronoBank system. $TIME tokens are developed utilizing the Ethereum ecosystem, specifically leveraging the ERC-20 token standard.