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Author Topic: what is chronobank ?  (Read 1484 times)
cetobeto+scammer
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January 29, 2017, 08:38:21 AM
 #1

I read about  chronobank and ico but i didnt understand. can anybody explain to me what is the idea exactly and how it work.. and if i will make a deposit for example 0.05 BTC what i will get after 17 days Huh
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January 29, 2017, 12:30:33 PM
 #2

Well, you know all those 'gig economy sites' that allow people to advertise their labour and others to hire their labour?
Chronobank intends to implement something similar on the blockchain. They are summing this up by their strapline 'The Uber of Time'.
More than that, they will be aiming at the employment agencies who make considerable margins matching workers with employers.
The platform whilst being distributed and autonomous will also make use of more than one asset platform - like ETH, WAVES etc.

This area has to be ripe for disruption - along with others, such as loyalty incentives.
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January 29, 2017, 01:24:31 PM
 #3

I read about  chronobank and ico but i didnt understand. can anybody explain to me what is the idea exactly and how it work.. and if i will make a deposit for example 0.05 BTC what i will get after 17 days Huh


very true what you feel is the same to me, because they want to join in the bounty chronobank ico from his blog but confused in understanding what the core of chronobank itself, is there who can explain in simple but mecakup everything and easy to understand?


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January 29, 2017, 09:48:03 PM
 #4

I read about  chronobank and ico but i didnt understand. can anybody explain to me what is the idea exactly and how it work.. and if i will make a deposit for example 0.05 BTC what i will get after 17 days Huh

buy ico selling is not same ponzy site or hyip site
if hyip site youre deposit you can get return and profit
you buy ico selling in chronobank (time coin) , after ico end you can get Time coin, and then listed to exchanger, if time coin price incraese above ico price you can sell and get profit

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January 30, 2017, 09:33:14 AM
 #5

I read about  chronobank and ico but i didnt understand. can anybody explain to me what is the idea exactly and how it work.. and if i will make a deposit for example 0.05 BTC what i will get after 17 days Huh

buy ico selling is not same ponzy site or hyip site
if hyip site youre deposit you can get return and profit
you buy ico selling in chronobank (time coin) , after ico end you can get Time coin, and then listed to exchanger, if time coin price incraese above ico price you can sell and get profit
can you give me example by numbers please to be clear ?!
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January 30, 2017, 10:46:34 AM
 #6

This link probably explains the platform well;

https://chronobank.io/#about

As you can see it is largely two major pieces.

As for the ICO - your BTC, Waves get swapped for TIME. These are likely to be rarer than other recent large ICO tokens. As the previous poster indicated, there is quite likely to be a premium on the original ICO price as and when the TIME tokens get listed on a big exchange like Bittrex or Poloniex.
However nothing in life is guaranteed - and noone could possibly give figures on anticipated returns over any timescale. However it is a serious and major project aimed at disrupting a very large industry but it's not possible to determine sentiment of crypto-investors or traders over any time period.
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January 30, 2017, 11:05:08 AM
 #7

I read about  chronobank and ico but i didnt understand. can anybody explain to me what is the idea exactly and how it work.. and if i will make a deposit for example 0.05 BTC what i will get after 17 days Huh
I also tried to understand about it and I understand only it is a service like freelancer which will work with bitcoin payment system and will provide best of their labour services for which they make money .
Well here I found the some lines from the chronobank.io , I thinkthese lines will  explain you scout the main service of chronobank .

" Chronobank is a system that guarantees that people will
always get paid for their work according to their effort,
as well as a system that provides the most sustainable
stable token on Ethereum and other participating
blockchains.
Chronobank uses big and reputable labour hire/HR
companies to guarantee the supply of labour hours that
are issued, essentially creating an alternative to the
traditional banks, which is much cheaper and more
transparent."


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January 30, 2017, 11:13:30 AM
 #8

I'm also trying to understand the concept of it. It seems the project seeks to create a token capable of allowing other people to hire individuals who want to perform certain tasks, and presumably this token has a value based on the working time that the individual will provide. The question is, would this system be more efficient than existing services, in which people are paid in Bitcoin, such as Bitwage? Creating a new cryptocurrency for this purpose is this really necessary?

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January 30, 2017, 11:23:26 AM
 #9

I read about  chronobank and ico but i didnt understand. can anybody explain to me what is the idea exactly and how it work.. and if i will make a deposit for example 0.05 BTC what i will get after 17 days Huh
I also tried to understand about it and I understand only it is a service like freelancer which will work with bitcoin payment system and will provide best of their labour services for which they make money .
Well here I found the some lines from the chronobank.io , I thinkthese lines will  explain you scout the main service of chronobank .

" Chronobank is a system that guarantees that people will
always get paid for their work according to their effort,
as well as a system that provides the most sustainable
stable token on Ethereum and other participating
blockchains.
Chronobank uses big and reputable labour hire/HR
companies to guarantee the supply of labour hours that
are issued, essentially creating an alternative to the
traditional banks, which is much cheaper and more
transparent."
Here understanding about this service is a big thing because  some what this is complicated to understand but still it is a open service to use .
You posting the words from the chrono bank is a better option to explain about the chronobank services .
But still this services is not fully installed in the online market , the advertisment  is going on  .
And second big thing it is also like a ICO which is taking investment in the better amounts ( you can see collection detail at the chronobank official thread ) So here investment option is available but the profit is still like the investment in the altcoin before launching but here in my option best option to Invest in this service instead of altcoin.


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January 30, 2017, 02:10:41 PM
 #10

The question is, would this system be more efficient than existing services, in which people are paid in Bitcoin, such as Bitwage? Creating a new cryptocurrency for this purpose is this really necessary?


My guess will be less of the efficiency because too many the people are not familiar with the cryptocurrency.

I don't see something is really behind the project. If about an efficiency and he could have made their own blockchain for controlling their project is become stable every time because they're selling the words available up to 24/7.

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January 30, 2017, 02:36:36 PM
 #11

The question is, would this system be more efficient than existing services, in which people are paid in Bitcoin, such as Bitwage? Creating a new cryptocurrency for this purpose is this really necessary?


My guess will be less of the efficiency because too many the people are not familiar with the cryptocurrency.

I don't see something is really behind the project. If about an efficiency and he could have made their own blockchain for controlling their project is become stable every time because they're selling the words available up to 24/7.


This shouldn't be a problem. ChronoBank deserves a chance to proof their worth. I understand that ICO success doesn't really guarantee that The Project will succeed as well. But I have this feeling that Chronobank will succeed. ChronoBank is backed by a host of dedicated developers and growing community support. For the records, Over 3000 BTC has been collected in their ICO.

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Qartersa
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January 30, 2017, 03:30:27 PM
 #12

The question is, would this system be more efficient than existing services, in which people are paid in Bitcoin, such as Bitwage? Creating a new cryptocurrency for this purpose is this really necessary?


My guess will be less of the efficiency because too many the people are not familiar with the cryptocurrency.

I don't see something is really behind the project. If about an efficiency and he could have made their own blockchain for controlling their project is become stable every time because they're selling the words available up to 24/7.


This shouldn't be a problem. ChronoBank deserves a chance to proof their worth. I understand that ICO success doesn't really guarantee that The Project will succeed as well. But I have this feeling that Chronobank will succeed. ChronoBank is backed by a host of dedicated developers and growing community support. For the records, Over 3000 BTC has been collected in their ICO.

Yeah I think chronobank will survive the ICO also it seems that it's a promising project that could be a good service and alt coin after it gets out of ICO. Just really hope that it gets the funding and attention it needs after it gets officially release as that might be its downfall like other successful ICOs.
freigeist
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January 30, 2017, 03:46:57 PM
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What about this questions:
https://bitcointalk.org/index.php?topic=1766882.msg17644844#msg17644844

i mean this to:
https://coinidol.com/why-i-refused-to-invest-in-chronobank/

d@nte
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January 30, 2017, 03:57:15 PM
 #14

The question is, would this system be more efficient than existing services, in which people are paid in Bitcoin, such as Bitwage? Creating a new cryptocurrency for this purpose is this really necessary?


My guess will be less of the efficiency because too many the people are not familiar with the cryptocurrency.

I don't see something is really behind the project. If about an efficiency and he could have made their own blockchain for controlling their project is become stable every time because they're selling the words available up to 24/7.


This shouldn't be a problem. ChronoBank deserves a chance to proof their worth. I understand that ICO success doesn't really guarantee that The Project will succeed as well. But I have this feeling that Chronobank will succeed. ChronoBank is backed by a host of dedicated developers and growing community support. For the records, Over 3000 BTC has been collected in their ICO.

Yeah I think chronobank will survive the ICO also it seems that it's a promising project that could be a good service and alt coin after it gets out of ICO. Just really hope that it gets the funding and attention it needs after it gets officially release as that might be its downfall like other successful ICOs.
It seems like they are investing heavily in marketing, I have seen ads in different places, even on coinmarketcap.com, but something they are not making very clear is the platform's operation, I think they should clarify this in the best way possible, if they want to attract more investors.

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January 31, 2017, 01:50:35 AM
 #15

The question is, would this system be more efficient than existing services, in which people are paid in Bitcoin, such as Bitwage? Creating a new cryptocurrency for this purpose is this really necessary?


My guess will be less of the efficiency because too many the people are not familiar with the cryptocurrency.

I don't see something is really behind the project. If about an efficiency and he could have made their own blockchain for controlling their project is become stable every time because they're selling the words available up to 24/7.


This shouldn't be a problem. ChronoBank deserves a chance to proof their worth. I understand that ICO success doesn't really guarantee that The Project will succeed as well. But I have this feeling that Chronobank will succeed. ChronoBank is backed by a host of dedicated developers and growing community support. For the records, Over 3000 BTC has been collected in their ICO.

I am not really sure that Chronobank will eventually succeed and I hesitate to invest in this project even though as you post there are dedicated developers and a growing community support. The main reason is an article recently I read where the writer had a deep concern that there is no way to control the quality of work of an employee so as to alter the price. Furthermore he didn't find if there is a legal cooperation between Chronobank and the Labour-offering company and if there is any issue between company and the holder of the token how this would be solved. I found this article extremely explainable although some details need a deeper background and more reading.
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