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[kalpit]

Another question,

Smith and crown website says,
"  It’s worth noting that one of the founders is also using ChronoBank to solve a very real problem in his own industry–he’s a guaranteed first customer."

Is it true? And if it is true, then the scenario 2 on your website doesn't make sense.

It is. The scenario 2 was set to remind you that this is the investment in venture project, not guaranteed success. Besides that, the second scenario is highly unlikely to happen.

Good.

Coming onto my next question,

According to Smith and crown,
"Delivering a decentralized labor market platform seems unlikely with this round of funding: both Handy and Upwork needed close to $100 million in funding over several years."

Please comment on this.

[1714039147]

1714039147

[Chronobank Support]

Another question,

Smith and crown website says,
"  It’s worth noting that one of the founders is also using ChronoBank to solve a very real problem in his own industry–he’s a guaranteed first customer."

Is it true? And if it is true, then the scenario 2 on your website doesn't make sense.

It is. The scenario 2 was set to remind you that this is the investment in venture project, not guaranteed success. Besides that, the second scenario is highly unlikely to happen.

Good.

Coming onto my next question,

According to Smith and crown,
"Delivering a decentralized labor market platform seems unlikely with this round of funding: both Handy and Upwork needed close to $100 million in funding over several years."

Please comment on this.

Will get comment for you ASAP.

Thanks!

[SpacemanOne]

Good.

Coming onto my next question,

According to Smith and crown,
"Delivering a decentralized labor market platform seems unlikely with this round of funding: both Handy and Upwork needed close to $100 million in funding over several years."

Some useful info on the topic:

https://www.crunchbase.com/organization/odesk#/entity
https://www.crunchbase.com/organization/odesk/funding-rounds

I can see $74 mln. funding for Upwork during 8 years.

About Handy:

http://www.economist.com/news/briefing/21637355-freelance-workers-available-moments-notice-will-reshape-nature-companies-and

The article date is Jan 3rd 2015. Quote from the article:

The company has 200 full-time employees. Founded in 2011, it has raised $40m in venture capital.

[Chronobank]

Another question,

Smith and crown website says,
"  It’s worth noting that one of the founders is also using ChronoBank to solve a very real problem in his own industry–he’s a guaranteed first customer."

Is it true? And if it is true, then the scenario 2 on your website doesn't make sense.

It is. The scenario 2 was set to remind you that this is the investment in venture project, not guaranteed success. Besides that, the second scenario is highly unlikely to happen.

Good.

Coming onto my next question,

According to Smith and crown,
"Delivering a decentralized labor market platform seems unlikely with this round of funding: both Handy and Upwork needed close to $100 million in funding over several years."

Please comment on this.

I need to clarify that we have two different tasks here:

1) Creating software for decentralised marketplace
2) Making the marketplace a global leader like Upwork.

Task 2 requires up to 20x more funding even if the software in 1 and 2 is absolutely the same.

Check out our development plan, please! There's detailed information about funding and milestones
We can deliver a decentralised labour platform in this round (depends on ICO size)

However, we have plans to attract similar amount of VC money as Upwork did in later rounds to fund platform's growth in the next 3-10 years

[logictense]

Yaa who the hell would believe u gathered 2.8K btc in funding through the legit contributions. Nobody pulled that much off a self-made forum ico in 2015 when btc was at 350 USD. I denounce this as a bluff.

[Hoganye]

Yaa who the hell would believe u gathered 2.8K btc in funding through the legit contributions. Nobody pulled that much off a self-made forum ico in 2015 when btc was at 350 USD. I denounce this as a bluff.

Thirteen ICO went over 5233 BTC since 2015. This don't even get in top 20 with 2800 BTC. There is a world outside this forum. You should visit it sometime.

[Chronobank]

Thirteen ICO went over 5233 BTC since 2015. This don't even get in top 20 with 2800 BTC. There is a world outside this forum. You should visit it sometime.

Total amount is possibly over 150.000 btc

Ethereum had 30.000 BTC
WAVES had 30.000
ICONOMI 15.000
And there were dozens more!

[frozenking]

wanna ask about blog bounty guys, i see that there is google form to fill up and post there you lin, but is there is a list of approved and dissaproved blogs? just dont wanna write because of that, cause i will dont know are you accepted or not, thanks for answers and happy holidays.

[iambitcoin5]

Overfunded?

[Chronobank_Community]

wanna ask about blog bounty guys, i see that there is google form to fill up and post there you lin, but is there is a list of approved and dissaproved blogs? just dont wanna write because of that, cause i will dont know are you accepted or not, thanks for answers and happy holidays.

Hello and thank you for your interest. There is an internal list, which will become a public list with accepted ones at some point in the near future. For now you'd just make sure you follow the rules for it, and not do a lot of copy/paste, try and have unique content. http://plagiarisma.net/ is a great tool to check how unique it is.

Overfunded?

Not at all.



You can see what the different funding tiers mean for the project here:

https://chronobank.io/files/dev_plan.pdf

[electronicash]

wanna ask about blog bounty guys, i see that there is google form to fill up and post there you lin, but is there is a list of approved and dissaproved blogs? just dont wanna write because of that, cause i will dont know are you accepted or not, thanks for answers and happy holidays.

Yes. I wanna see those blog posts too. It does look like they can deny every blog posts submitted when ICO ended. The team could have gotten more exposure if they encourage people to promote and check how the participants are doiv through those accepted articles.

[Chronobank_Community]

wanna ask about blog bounty guys, i see that there is google form to fill up and post there you lin, but is there is a list of approved and dissaproved blogs? just dont wanna write because of that, cause i will dont know are you accepted or not, thanks for answers and happy holidays.

Yes. I wanna see those blog posts too. It does look like they can deny every blog posts submitted when ICO ended. The team could have gotten more exposure if they encourage people to promote and check how the participants are doiv through those accepted articles.

It's a valid point, and like I said in response, there is an internal list of those accepted. The other documents are being redone and updated as we speak, I will poke the team about the blog document. Thank you for your patience.

[tardi]

Interesting coin

[Chronobank]

What an interesting project! I have to join now.

Welcome!

[iambitcoin5]

wanna ask about blog bounty guys, i see that there is google form to fill up and post there you lin, but is there is a list of approved and dissaproved blogs? just dont wanna write because of that, cause i will dont know are you accepted or not, thanks for answers and happy holidays.

Hello and thank you for your interest. There is an internal list, which will become a public list with accepted ones at some point in the near future. For now you'd just make sure you follow the rules for it, and not do a lot of copy/paste, try and have unique content. http://plagiarisma.net/ is a great tool to check how unique it is.

Overfunded?

Not at all.



You can see what the different funding tiers mean for the project here:

https://chronobank.io/files/dev_plan.pdf

But you do understand from an investors perspective that if too much is raised it generally doesn't work out well for investors right?

[Hoganye]

But you do understand from an investors perspective that if too much is raised it generally doesn't work out well for investors right?

Under 450k total coins exist if sale ended today. 12% of those locked up for months in smart contract, with another large chunk being held by a Venture Capital Firm who have zero interest in dumping. This could raise double what it currently has and still be well under 1 million total coins. This is waaay undersold.

[iambitcoin5]

But you do understand from an investors perspective that if too much is raised it generally doesn't work out well for investors right?

Under 450k total coins exist if sale ended today. 12% of those locked up for months in smart contract, with another large chunk being held by a Venture Capital Firm who have zero interest in dumping. This could raise double what it currently has and still be well under 1 million total coins. This is waaay undersold.

Wow OK thanks for that info! Really needed that to determine whether to jump in or not. Still will most likely wait until the last day to invest to see where the total funding is at. Hopefully it stays under 1 million coins. That would be great for investors 

[iambitcoin5]

Also is this ICO fixed or do amounts decrease as more people invest?

[YNWA2806]

Also is this ICO fixed or do amounts decrease as more people invest?

The amount is fixed according to the bonus you're entitled to which I believe just turned into 0...

[Chronobank Support]

But you do understand from an investors perspective that if too much is raised it generally doesn't work out well for investors right?

Under 450k total coins exist if sale ended today. 12% of those locked up for months in smart contract, with another large chunk being held by a Venture Capital Firm who have zero interest in dumping. This could raise double what it currently has and still be well under 1 million total coins. This is waaay undersold.

We cannot say whether it would be oversold or undersold in terms of only scalar number of bitcoins raised. It depends on the business model and the exact market. We see the labor market as the huge one with the ability to start locally and then proceed with gradual expansion to other countries.

In our development plan, we have set certain milestones depending on the amount of ICO funds raised: https://chronobank.io/files/dev_plan.pdf

We did so strictly with regards to two circumstances:
1. We want this project to be big in the long run, and we want you to know of our plans. If we raise more money - we can do more right away. If we raise less - we can do less in short-term, but we don't have to desert our long-term goals.
2. Each milestone means an upgrade in the business model. LaborX milestone leads to stable-coin demand increase and faster velocity (more transactions), while Guarantee Fund milestone provides additional stability important on this large scale in order to leverage the market and to ease expansion into additional markets. These are big milestones, however, the project's growth speed depends on each satoshi of initial funding as we have a long list of what we'll have to do at each stage.

All of these smaller and bigger milestones are aimed for wider and faster adoption of LHTs, so we do not expect diminishing returns on investment.

Also is this ICO fixed or do amounts decrease as more people invest?

The amount is fixed according to the bonus you're entitled to which I believe just turned into 0...

Today's bonus is 10%, Bonus ends in 63 hours 17 min, and some seconds.