ChronoBank, the time-based cryptocurrency platform for short-term recruitment industry is all set to start a crowd sale.
The revolutionary blockchain-based recruitment platform has set the crowd sale price at 1 bitcoin for 100 Time tokens. Anyone investing in these crypto tokens during the pre-sale will receive a share of the Labor Hour cryptocurrency as soon as the platform is launched. The Labor Hour cryptocurrency will be the mode of value exchange on the ChronoBank network. It is a multi-blockchain crypto asset whose value is pegged to the value of different fiat currencies. The value of Labor Hour tokens is free from volatility like in the case of other digital currencies.
ChronoBank currently has plans to peg the Labor Hour tokens to four major fiat currencies — United States dollar, Australian dollar, euro, and pound sterling. The stable cryptocurrency, to be used for paying employees over ChronoBank network eliminates the concerns of employees being left shortchanged due to fall in the value of cryptocurrency at any point of time. The Labor Hour tokens will be supported by Ethereum, Waves and NEM blockchains.