EXMO, which operates across the world and trades cryptocurrencies against multiple different fiat currencies, and a well-known platform trusted by over 350,000 users globally has partnered with blockchain recruitment industry company ChronoBank to list their native unit of currency Labour Hour (LH) token, aimed to be inflation proof which will be traded against work and other currencies on the LaborX exchange.
Currently, in its crowdfunding phase, ChronoBank has raised over $3 million to date. Investors will receive TIME tokens, which will receive rewards based on activity within the ChronoBank ecosystem — specifically the issuance and trading of LH tokens. Whilst LH tokens will be issued on several different blockchains, including Ethereum, Waves and NEM, TIME is a standard Ethereum token that will take advantage of the platform’s smart contracts capabilities.
ChronoBank CEO, Sergei Sergienko said:
“We’re extremely keen to ensure that TIME, as well as our foundation LH tokens, are traded as widely as possible, that’s why we’ve pursued exchange listing so actively, and why we’re thrilled to be partnering with such a well-respected and major player as EXMO.”
ChronoBank’s ICO (initial coin offering) will continue until 23:59 UTC on February 14th. After the crowdfund ends, TIME tokens will be distributed to supporters in proportion to their backing. These tokens will trade on a wide range of exchanges and can be held locally in an Ethereum wallet for maximum security.