What is Chrono.tech?

Chrono.tech is a blockchain-based platform that aims to enhance the global labor marketplace by providing solutions for recruitment, HR, and payment processes. It strives to reduce the barriers to accessing work and transferring funds. The project's suite of services and its native governance token, TIME, are hosted on multiple blockchains. These services include LaborX.com, a peer-to-peer freelancer marketplace; TimeX.io, a Plasma-based platform for digital assets; AUDT, an Australian dollar-backed stablecoin; and PaymentX, a crypto invoicing and payroll solution. The TIME token is the native token of the Chrono.tech ecosystem and can be used within its products, for instance, to secure premium account status, as well as staking TIME on TimeWarp.finance to receive the compensation generated by all services.

How does Chrono.tech work?

Chrono.tech operates through a suite of blockchain-based services. LaborX.com, for instance, allows freelancers and customers to organize work via digital agreements, powered by smart contracts. All payments are escrowed and made in cryptocurrency, and once a job is completed, escrowed payments are released automatically. TimeX.io, on the other hand, is a hybrid Plasma-based platform that offers trading of digital assets. TimeWarp.finance is the ecosystem's DeFi yield farming application where TIME holders can stake their token to receive compensation generated by all products of the Chrono.tech product range. PaymentX.io is a multi-currency crypto payroll solution that enables individuals and businesses to integrate crypto payments into their day-to-day invoice processes.

What are the potential use cases for Chrono.tech?

Chrono.tech has a wide range of potential use cases, particularly in the global recruitment and employment markets. Its freelance work portal, LaborX.com, allows freelancers and customers to organize work via digital agreements, powered by smart contracts. This eliminates the need for third-party facilitators and ensures prompt payments. TimeX.io, Chrono.tech’s platform for digital assets, provides a user-friendly trading experience, allowing for trading of digital assets. TimeWarp.finance, the ecosystem's DeFi yield farming application, allows TIME holders to stake their tokens and receive compensation generated by all products of the Chrono.tech product range. PaymentX.io, a multi-currency crypto payroll solution, enables businesses to integrate crypto payments into their day-to-day invoice processes.

What is the history of Chrono.tech?

Chrono.tech was founded in 2016 with the aim of making short-term employment opportunities as easy to access as any other online service. The Sydney-based company was launched after a successful token distribution in 2016. Since then, Chrono.tech has built a suite of tools and services to facilitate recruitment, invoicing, and payments, with a labor-hire platform LaborX, Plasma-based platform TimeX, and cryptocurrency payroll solution PaymentX to facilitate cost-effective transactions and improve quality and reliability. The TIME token, the native token of the Chrono.tech ecosystem, was upgraded to the new ERC677 standard in November 2020, enabling it to be integrated with other DeFi protocols, facilitating cost-effective transactions, and providing other advantages, while remaining fully ERC20-compatible.