ChronoBank, the company aiming to renovate the inefficiencies in the short-term recruitment industry, has announced that its TIME token is to be included in the list of currencies traded on cryptocurrency exchange Exmo.
The native unit of currency is the Labour Hour (LH) token, which will be traded against work and other currencies on the LaborX exchange. In its crowdfunding phase, the initiative has raised over $3 million to date. Investors will receive TIME tokens, which will then 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.
Sergei Sergienko, ChronoBank CEO, commented: “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.”
Exmo, which operates in many locations across the world and trades crypto coins against multiple different fiat currencies, is a platform used by over 35,000 globally users. Founded in 2014, it has grown to see daily bitcoin volumes of up to 50,000 trades with a total volume of around $1.2 million placed per day.
Some of the features offered by the Exmo exchange include the high speed of deposits and withdrawals, arbitrage opportunities, 24/7 support and its security measures.