TIME Price Update

TIME Week high: $25.63 USD, 0,00335072 BTC

TIME Week low: $21.41 USD, 0,00285622 BTC

Maximum volume: $564 791 USD on June 08

Minimum volume: $270 245 USD on June 10

Leading exchange: Livecoin, TIME/BTC

🔭 Recap of Blockshow Europe 2018 in Berlin

Over 3,000 crypto enthusiasts attended BlockShow Europe 2018 two weeks ago on May 28–29, along with more than 200 journalists.

Our CEO Sergei Sergienko delivered a speech on how blockchain will revolutionise our approach to human capital.

📄 LaborX white paper online

Following the LaborX beta launch over two weeks ago, we have recently added the official LaborX White Paper to our website.

The document sums up technical and economical features being built in the production version of LaborX.

🎉 New ChronoWallet release ahead of us

In the not too distant future, ChronoBank will release a new stable version of its ChronoMint multi-currency wallet with a completely renewed interface and many new features as well as security enhancements.

❓ Bonus — questions from community members answered

Q: if worker have bad reviews from recruiter on laborx, can he delete that review???

A: No, reviews can’t be deleted. However LaborX will have a smart-learning reputation system which for example weightens older reviews less than newer ones. So if someone got a bad review 1 year ago, it will have very little effect on his reputation as a whole at the present day.

Q: but he can create new account, and begin as new, right??

A: Since it’s necessary for workers to identify themselfes (for obvious reasons) when using LaborX, you can’t just “delete” your former account and start over.

Q: I don’t understand clearly the different between LaborX and other recruit website such as upwork, elance,… they also have reputation system

A: To name just 2 benefits LaborX will offer to both workers and clients:

- Instant payments by the second executed via smart contract

- 1% flat fee charged on any job, compared to UpWork who are for example charging 20% per job.

Q: To be honest I’m not convinced if timex is a good step now.. I understand the need and the benefits but isn’t chronobank now focusing on too many things at the same time? Why not first focus on laborx, get the minimum viable product to the market and then focus on other big rocks? Convince me!

A: I would say our development team, which is more than 15 people alone, is set up well enough to develop all of ChronoBank’s products simultaneously. Of course, the main focus is LaborX and, to quote our CEO from his performance at Blockshow.com in Berlin on 29th of May, we aim on having the production version of it running with Clients still in 2018. And when you think of it, the other products of ChronoBank, namely ChronoMint (multi-currency wallet for Clients and Workers), TimeX (Decentralized exchange giving wokers and clients the opportunity to exchange their savings in-house) and DMT (Distributed Middleware Tracker, built to introduce ChronoBank’s development Skills towards B2B and facilitating the interaction with blockchain for the everyday-user)