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Chronobank Support
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January 24, 2017, 03:52:07 PM |
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Will Chronobank all instant liquation of LH for the employees?
What would happen if all the worker decided to withdraw in form of USD at a particular moment?
Why would workers LH keep as is ?I think everyone will withdraw USD as soon as they get LH . Because they could nowhere use these (before LaborX arrives) ?
Sorry, I didn't get the first question. They will get LH debit cards nominated in LHT which they can use just as regular fiat cards. Same as debit cards nominated in bitcoin. So they will be able, but they won't need to cash out ASAP. If all workers decided to cash out simultaneously all LHT on their debit cards would have been sold on exchange with support of market maker's funds (CBE). However, this would be undesirable so the incentives have been set differently (see above). |
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kalpit
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January 24, 2017, 04:27:21 PM |
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Thanks for the answers.
Here's another question,
On Chronobank website it's written, "In addition to issuance fees, on Ethereum and blockchains that support smart contracts, TIME token holders will be rewarded with 0.15% transaction fee from any LH “send” or “redeem"transaction"
What does redeem transaction mean here?
Does it mean that fees would be charged from both buyer and seller making total fees on any transaction .3%?
Second question,
Each time a company pays out LH new LH are issued. Am I correct?
Btw, please update the header. Now 3100+ btc !
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Ris88
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January 24, 2017, 04:32:36 PM |
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over 3000 btc collected is very great result! i guess it will be 5K till the and!
Cool! All and congratulations. This is perhaps the second projects after Waves that gathered so much with ICO. I knew that ChronoBank has a great future: a great idea, good professionals. ChronoBank we believe in you! What, this really tangible that results obtained Chronobank for ICO funds, they reached 3000BTC during ICO is running, I think this is impossible, there may be half of funds developers Chronobank to attract inverstor to invest funds in this ICO .. |
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rgornik
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January 24, 2017, 04:50:23 PM |
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One question for the team. I've followed your campaign from the beginning and backed it also with sig capaign. How will we collect bounty at the end of ICO?
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Chronobank_Community
Full Member
 Offline
Activity: 126
Merit: 100
Chronobank Community Manager
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January 24, 2017, 06:09:03 PM |
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Thanks for the answers.
Here's another question,
On Chronobank website it's written, "In addition to issuance fees, on Ethereum and blockchains that support smart contracts, TIME token holders will be rewarded with 0.15% transaction fee from any LH “send” or “redeem"transaction"
What does redeem transaction mean here?
Does it mean that fees would be charged from both buyer and seller making total fees on any transaction .3%?
Second question,
Each time a company pays out LH new LH are issued. Am I correct?
Btw, please update the header. Now 3100+ btc !
1) When redemption is made the transaction fee is paid. This means redemption is still a transaction. 2) Each time a company issues LH tokens it can either sell them on the open market instantly (with the help of CBE) if market wants to buy this much, or to pay wage to their workers - the workers will cash out more or less gradually, so there will be no need to sell the whole sum at once. One question for the team. I've followed your campaign from the beginning and backed it also with sig capaign. How will we collect bounty at the end of ICO?
About 1 week after investors get their TIME distributed, the bounty campaign will pay out TIME to participants. What, this really tangible that results obtained Chronobank for ICO funds, they reached 3000BTC during ICO is running, I think this is impossible, there may be half of funds developers Chronobank to attract inverstor to invest funds in this ICO ..
The campaign of the project you wear in your signature does not support FUD posts on other projects threads by the way, just so you know. |
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samantadegrenet
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January 24, 2017, 06:22:46 PM |
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over 3000 btc collected is very great result! i guess it will be 5K till the and!
6-7 K is really possible. many supporter for sure will join the last few days, did happens many time with other great project like chronobank! So 6 or 7 K it s quite possible!  |
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mamamae
Legendary
Offline
Activity: 1188
Merit: 1001
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January 24, 2017, 09:12:50 PM |
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Great news , could you be interested in a partnership with Alexandria.io , next decentralized netflix?
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reality ? you fell to Scammers after being in an ICO , IPO
(more like any other stock and index in the world ICO or not got your portfolio down 25 % or 85 %)
Now SEC is helping you getting back up your lost money maybe....
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Chronobank_Community
Full Member
Offline
Activity: 126
Merit: 100
Chronobank Community Manager
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January 25, 2017, 02:56:13 AM |
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Great news , could you be interested in a partnership with Alexandria.io , next decentralized netflix?
It looks like a different type of platform than labor recruitment, more-so about offer artists a better royalty vehicle than currently offered by other sites such as youtube and spotify, yes? I will certainly pass it along to the team though, thank you. BTW, Crowd-sale update:3,117 BTC collected from 1,705 participants 21 Days left https://chronobank.io/ |
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kalpit
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January 25, 2017, 03:45:56 AM |
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Again I would like to ask,
What is meant by a "redeem" transaction?
Will number of LH keep on increasing. I mean, no LH can be destroyed after it's created.. Am I correct?
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Bitcoin0916
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January 25, 2017, 04:01:26 AM |
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Ouch late I know, 2 months ago I wanted to invest 2 btc, but now it's no get bonuses. These coin are very crowded discussed, advertising on the internet is also massive. Just hope these coin could soon available in the exchanger so that I can immediately take a decision.
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Chronobank_Community
Full Member
Offline
Activity: 126
Merit: 100
Chronobank Community Manager
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January 25, 2017, 04:46:19 AM |
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Again I would like to ask,
What is meant by a "redeem" transaction?
Will number of LH keep on increasing. I mean, no LH can be destroyed after it's created.. Am I correct?
Page 4 and 5 of the whitepaper cover this, as follows: Once the labour has been satisfactorily completed, the deposited LHT will be destroyed, again ensuring the 1 to 1 relationship of LHT to backed labour-hours  You can read the entire whitepaper here: https://chronobank.io/files/whitepaper.pdfOuch late I know, 2 months ago I wanted to invest 2 btc, but now it's no get bonuses. These coin are very crowded discussed, advertising on the internet is also massive. Just hope these coin could soon available in the exchanger so that I can immediately take a decision.
You can get in on a BTC dip for a better value, BTC has been a bit choppy for a couple weeks now. Or, of course wait for exchange and hope it's same or better price. Whichever you decided upon, we do thank you for your interest! |
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dragonchopper9
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January 25, 2017, 11:06:18 AM |
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Chronobank_Community, I do not have access to Signature campaign spreadsheet. What's wrong?
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ostrogoto2012
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January 25, 2017, 11:20:51 AM |
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thanks dev i think since yestarday it was unavailable! I m sure toady we can use it again! |
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Wapinter
Legendary
Offline
Activity: 2716
Merit: 1026
Hire me for Bounty Management
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January 25, 2017, 11:34:34 AM |
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Ouch late I know, 2 months ago I wanted to invest 2 btc, but now it's no get bonuses. These coin are very crowded discussed, advertising on the internet is also massive. Just hope these coin could soon available in the exchanger so that I can immediately take a decision.
Better late than never buddy.Who knows you never get same price on exchange what you can get with bonus in ICO. Anyway its your choice  |
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kalpit
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January 25, 2017, 03:14:56 PM |
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Ouch late I know, 2 months ago I wanted to invest 2 btc, but now it's no get bonuses. These coin are very crowded discussed, advertising on the internet is also massive. Just hope these coin could soon available in the exchanger so that I can immediately take a decision.
Better late than never buddy.Who knows you never get same price on exchange what you can get with bonus in ICO. Anyway its your choice You can check this article analysing profits you can expect- https://medium.com/@58f276e87e2b/98c4d1fd8e0bI'm expecting ROI in 3-4 years and expect price of TIME to be around 8 times the current price in 3-4 years. If LaborX establishes well, then the returns would be great. |
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herdiansyahdanang
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January 25, 2017, 03:17:46 PM |
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i cant open it , need access permision |
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Chronobank Support
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January 25, 2017, 03:26:31 PM |
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i cant open it , need access permision Because it's now not ready. Please, wait some time. |
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Mallampue
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January 25, 2017, 03:44:26 PM |
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Ouch late I know, 2 months ago I wanted to invest 2 btc, but now it's no get bonuses. These coin are very crowded discussed, advertising on the internet is also massive. Just hope these coin could soon available in the exchanger so that I can immediately take a decision.
You dont late bro, you can join in the ico it's better join now before really late, because the ico is end on 14 of january. |
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