ChronoBank, a
rising company aiming to disrupt the recruitment sector, is set to
revolutionize the industry similar to how Uber and Lyft transformed the
ride-for-hire business. With a vision to decentralize and disintermediate
recruitment, ChronoBank plans to create a peer-to-peer marketplace that
connects employers with freelancers, offering a decentralized framework without
the involvement of traditional financial institutions.
The company's
mission is to bring about a revolution in short-term recruitment across key
professions. By streamlining the employment process, ChronoBank aims to make
fair-paying short-term engagements more attractive than long-term tenures.
Sergei Sergienko, founder and CEO of ChronoBank, believes in a fair system
where individuals can transact in the value they generate, rather than relying
solely on fiat currency issued by central authorities.
At the core of
the ChronoBank concept is a new digital token called the Labour-Hour (LH). This
token will be freely tradable on the open market and serve as the native unit
of currency used by companies to purchase labor from professionals on the
ChronoBank exchange. The company envisions LH becoming an inflation-proof asset
over time, appealing to long-term investors and traders seeking a reliable
store of value.
To facilitate
seamless trading of LH tokens against other national and virtual currencies,
ChronoBank has integrated the Changelly app into its main wallet software.
Changelly, a trusted instant exchange app developed by the MinerGate team,
aggregates rates from external exchanges to offer users the best rate for
exchanging digital currencies without technical complications. This integration
allows users to exchange LH for popular cryptocurrencies such as bitcoin and
provides a convenient and speedy trading experience.
Sergienko
emphasized the importance of offering multiple trading options and ensuring LH
tokens are listed on a wide range of exchanges. The integration of Changelly
into the ChronoBank wallet enables users to buy LH tokens quickly using various
payment options, including bitcoin and MasterCard/Visa credit cards. These
tokens can then be utilized to purchase services on the ChronoBank exchange.
While the
concept of using skilled work time as currency is not entirely new, ChronoBank
enhances the idea by introducing digital tokens that can be converted into
digital or fiat currencies. Additionally, the platform's delocalization,
decentralization, and app-based ease of use make it well-suited for the current
trends in the digital and global gig economy.
With the ongoing ChronoBank Initial Coin Offering (ICO) having already raised over $3 million, the company's progress is worth monitoring closely. As it continues to reshape the recruitment landscape, ChronoBank's innovative approach holds great potential for transforming the way people find work and are rewarded for their labor.