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.

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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 and publisher of industry publication Blockchain News (EST
2015), a partner at ICO services collective Token.Agency
($750m+ and 90+ ICOs and STOs), director of education company
Blockchain Partners
(Oracle Partner) and ICO event organiser
at leading industry event CryptoFinancing (Europe's first ICO event now
branded Tokenomicon)
– Vancouver native Richard Kastelein is an award-winning publisher,
innovation executive and entrepreneur. He sits on the advisory boards
of some two dozen Blockchain startups and has written over 1500
articles on Blockchain technology and startups at Blockchain News and
has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.  Irish Tech News put him in the top
10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of
Blockchain
at China's first Blockchain University in Nanchang
at the Jiangxi Ahead Institute of Software and Technology. In 2018 he
was invited to and attended University of Oxford's Saïd Business School
for Business Automation 4.0 programme. Chevalier (Knight) - Ordre des
Arts et des Technologies at Crypto Chain University and an Advisory
Board Member of International Decentralized Association Of
Cryptocurrency And Blockchain (IDABC) as well as Advisory Board Member
at U.S. Blockchain Association. Over a half a decade experience judging
and rewarding some 1000+ innovation projects as an EU expert for the
European Commission's SME Instrument programme as a startup assessor
and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain
technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels,
Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki,
London (5x), Manchester, Minsk, Nairobi, Nanchang, San Mateo, San
Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel
Aviv,  Utrecht, Venice,  Visakhapatnam, Zwolle and
Zurich.  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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