ChronoBank launch website ahead of December Initial Coin Offering (ICO) and crowdfunding campaign

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Blockchain startup ChronoBank. has launched its new website, aiming to raise awareness for its coming multi-Blockchain ICO.

ChronoBank.io, a project that aims to revolutionise the short-term recruitment sector in the same way that Uber changed the taxi industry, has launched its new website as the first stage of its crowdfunding campaign.

Time-based currencies have been around for almost 200 years and many hundreds of timebanks operate around the world. However, the ChronoBank team – who have extensive experience in both the recruitment industry and in the cryptocurrency sector – believe the idea can be updated to change the way professionals look for work and companies provide it.

Traditional timebanking vs ChronoBank

Timebanking has typically proven successful within limited settings – most notably Ithaca, New York, which has a thriving time-based economy built on the Ithaca Hour time currency. However, for various reasons it is not suited to broader application within the 21st century global workplace.

“We know we can change that with Blockchain technology,’ comments Alexander Rugaev, ChronoBank CEO. ‘We want to make a short term recruitment as profitable and prestigious as long term recruitment. One of our founders is Edway Group Ltd, one of the largest labour-hire companies in Australia, so we know exactly what the market needs and how to achieve it.”

Key to the idea are time-based cryptocurrencies, a fundamentally different form of money. Time-based money has a different tax status to regular fiat money, and can be exchanged for goods and services, or sold for other currencies.

“Labour Hour tokens are also a great store of value and hedge against inflation, since hourly wages tend to rise in line with or above inflation. That makes it attractive to earn and attractive to hold,” the CEO added.

Building awareness

The first stage of the project is to build and grow a presence within the cryptocurrency community, disseminating information and answering questions that may arise, before launching the crowdfund in December.

“Over the coming month we’ll be building awareness, not just around ChronoBank and our crowdfund but about the idea and advantages of time-based currencies more broadly. We want people to understand that we’re serious, we’re experienced in Blockchain and the recruitment sectors, and we have the talent and backing to make this happen in a big way,’ continues Rugaev. ‘We’re going to hold the crowdfund and issue Labour Hours on multiple Blockchain platforms, including Ethereum, Classic, Waves, Lisk and bitcoin, depending on demand.”

ChronoBank’s crowdfund is scheduled to start in December. To find out more, visit www.ChronoBank.io

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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