Chronobank - Blockchain revolution for the recruitment industry.
Greetings to everyone who will read this article. Today I wanna tell you about a sensational Chronobank project. This is a very serious and large-scale blockchain project, the main purposes of the project are to create a system of labor organization. The system will be called LaborX, it will be something similar to Uber for taxi drivers or Upwork site for freelancers. The main target of the Chronobank project is to create a platform where you could be much easier find a suitable job for yourself and get a reward for it. It will be a revolution in the short-term employment for the most popular at the moment professions. In LaborX system, each person will have their own reputation, people who have a good reputation and earn more money and it will be a big motivation for people to work better and harder. LaborX system will be used not only for freelancers, but also for people in real life, for professions such as cleaning services, laborers, occupations related to e-commerce, warehouse personnel, call center operator, plumbers. It will also have Feedback option, the employer can always rate the quality of your work. Usually, the intermediaries charge around 20 percent, and LaborX system will be completely without intermediaries, that is a huge plus to the project. Chronobank is a place where people can work without needs to use bank services and other financial institutions because the money will be based on time. Implementation of this project will take place in several stages, but exactly there will be 2 stages.
The first stage - creation of tokens (Labour-Hour, LH). LH Tokens will monetize the labour, they will be stable and will have zero volatility compared to Bitcoins. LH tokens will be tied to the average wage in Australia, US, UK, EU, this is particularly important because of the strong differences in hourly pay in different countries. LH tokens will be replacement for fiat money. LH Tokens will be a perfect defence tool against inflation cause of their tie to the average wage in each country, where over the past 40 years have been observed the growth of average wage by 4-10% per year depending on the country. Furthermore, LH tokens will be 24/7 because of LH debit cards.
The second stage - creation of a decentralized labor market LaborX, a place where people can sell their work time. In LaborX system LH tokens will be used for payments instead of the usual paper money. As I wrote previously, each employee will have a personal reputation in this system, which enables them to receive payment based on their training and knowledge levels. The higher the employee's reputation is, the more he will be able to request payment for his work-hour. LH tokens also will be traded on the LaborX exchange.
Also, for the financing of the project Chronobank running ICO campaign and with high advertising coverage . ICO provides investors chance to buy TIME-tokens. TIME-tokens provides an opportunity to receive revenue from the issue of LH-Tokens. Price per TIME is fixed, 1 BTC = TIME 100 tokens. TIME tokens can be purchased for Bitcoin, Litecoin, Ethereum, Ethereum Classic, Waves and Lisk. ICO campaign will take place from 15 December to 15 February. At the moment, collected 3119 Bitcoins. The collected funds will be used for the development and promotion of Chronobank project. I advise everyone to take part in this campaign ICO like i and big amount of investors already did.
Chronobank was created by a team of professionals with over 100 years of experience in people hiring. One of the partners of Chronobank is a large Australian company Edway Group. One of the founders of the Chronobank project is one of the leading Australian companies in the field of industrial and supply of labor and this company services are used by about 400 thousand satisfied clients. Strategic partner of Chronobank is an Australian company Sigma Prime. Chronobank CEO is Sergei Sergienko, one of the founders of Edway Group Ltd. He won many awards in the field of business in Australia, including "Hot 30 under 30" and "Young gun in business". He represented Australia at the G20 summits and understands how to combine the real and cryptographic economys. Marketing Director of the Chronobank Alexander Rugaev - entrepreneur, and one of the early supporters of blockchain technology. He has experience in creating Bitcoin and Ethereum mining farms of industrial level and also he has 16 years of experience in the field of e-commerce and Internet marketing.
In conclusion, i want to note that Chronobank project is truly unique in its kind, the project has truly innovative approaches to work organization. It will be really a new level in job search for people all around the world. In my opinion it would be really revolutionary project in the blockchain history. Thank you for my article reading post your comments and i will love to asnwer to your questions.