Lykke Announces Availability of ChronoBank TIME Token

Lykke Announces Availability of ChronoBank TIME Token

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

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.

“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.”

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.

Comments 0

Latest from Lykke.

Subscribe to our newsletter for the latest news, industry insights and product updates straight to your inbox.

How to Do Your Lykke Crypto Taxes With Koinly in 5 Steps (Guest Post)

Wondering how on earth to work out your Lykke taxes? Or how to file your crypto tax at tax time? Koinly explains it all in this quick guide on how to file your crypto tax.

Continue reading

How to Buy Tezos (XTZ) Without Fees

You can buy Tezos with absolutely no fees and this is no joke.

Continue reading

What is a crypto-fiat gateway?

How to buy Bitcoin or other cryptocurrencies with euro, GBP, or CHF? A fiat gateway is a combination of words that you will frequently hear if you decide to enter the cryptocurrency world and buy Bitcoin or other cryptocurrencies in a crypto app.

Continue reading

Lykke Underlying System Improvements: scalability and extended functionality

Lykke Wallet exchange has been on the market for more than five years, it’s a fully functional trading environment that combines a web terminal and mobile device applications.

Continue reading

How to Buy ADA With Fiat Without Fees

Wondering how to buy Cardano (ADA) without fees? It’s easier than you might think.

Continue reading