Lykke Announces Availability of Blockchain Startup ChronoBank TIME Token

337
ADVERTISEMENTSMunchee Dmarket exhastaWorldcore ICOParagon ICO

Share with:


Lykke, a Swiss Fintech company building a global Blockchain-powered marketplace, announces the availability of the TIME token, by ChronoBank. 

“This is a fantastic project,” says Richard Olsen, founder and CEO of Lykke and former CEO of OANDA. “When we conceived of Lykke, I had in mind that, among many different assets available, people would buy and sell the hours they work. ChronoBank is going to make that happen. I’m very pleased to support this project, which takes us more into the decentralized world of the 21st century.”

ChronoBank seeks to be the “Uber of independent workers,” creating a platform like oDesk that matches hourly workers with companies that hire them. TIME is a system token that powers the ChronoBank Ecosystem, supporting the infrastructure and business. When it is released, the LH token will represent actual tradable hours on ChronoBank’s upcoming LaborX exchange. The TIME token sale took place in January/February of 2017 and netted the company about $5.4 million in working capital. The TIME token is currently trading on the Lykke exchange for around $9, slightly above its ICO price. Eighty eight percent of all TIME tokens are now in the hands of the public.

The TIME token is now available to Lykke users, and Lykke plans to support a market for LH (labor-hours) tokens as well. The Lykke wallet is an open-source app for iOS and Android that lets customers sign up using Lykke’s KYC and support, transfer money in, purchase and trade assets, and transfer money away. The open-source exchange provides fee-free trading and very low spreads.

Learn more at www.chronobank.io and www.lykke.com.

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.

Visit Website
View All Articles
advertisementBlockchain Expo