http://www.econotimes.com/Blockchain-platform-ChronoBank-to-collaborate-with-International-People-Solutions-571485
Topic: ๐๐๐๐๐๐ Buy Chrono.tech TIME on KuCoin.com! ๐๐๐๐๐๐ - page 167. (Read 453763 times)
March 06, 2017, 05:59:21 AM
Blockchain platform ChronoBank to collaborate with International People Solutions
http://www.econotimes.com/Blockchain-platform-ChronoBank-to-collaborate-with-International-People-Solutions-571485
http://www.econotimes.com/Blockchain-platform-ChronoBank-to-collaborate-with-International-People-Solutions-571485
March 06, 2017, 05:32:04 AM
i am waiting my bountyย andย hope i will get it.
March 06, 2017, 05:19:46 AM
wish i did not buy in to ici and wait some time for buying time , but selling is not an option so guess buying more and keep them till 2018 min.
March 06, 2017, 05:17:18 AM
Do we need to keep our Time tokens in wallet to get fee or Time kept in myetherwallet will also earn fee?
We will get more info in the future about that
March 06, 2017, 05:16:50 AM
what do you forecast the long term price potential of TIME is?
Depends... what do you think the potential of a system that allows people to get paid instantly for their work, not have to deal with banks and cheque-cashing companies, and allows them to build a reputation for themselves and get paid more?
Since Labor Hour Tokens will be released in Australia first, let's use them as an example and do a little quick math... according to google, the population of Australia is just over 23 million people. If 1 in 1000 people started using the Chronobank system (LH tokens and/or LaborX) and worked 2000 hours per year (40 hours per week * 50 weeks), there would be 23,000 users going through a total of 46,000,000 LH Tokens. At the quoted rate of $39.89 AUD per labor hour (from the business outline on chronobank.io), that is a total of $1,834,940,000 AUD in LH Tokens issued.
TIME holders are entitled to a portion of those issued LH (3% in 2017, 2% in 2018, 1% thereafter) as well as a percentage of transaction fees, but let's just concentrate on the issuance fees, shall we?
With $1,834,940,000 AUD in LH tokens issued in the first year, the 3% allotted to TIME holders would would amount to $55,048,200. If that was divided evenly amongst all the 710,000 TIME that exist, then each TIME would get $77.53 AUD in LH "dividends". At 2%, it would be $51.69 AUD per TIME, and at 1%, it would be $25.84 AUD per TIME, per year. And that is with only 1 in 1000 Australians using the system... imagine if it were 1 in 100, or once the other LH tokens are added and the system is used in other countries.
It'll take some time for marketing and adoption of LH tokens and LaborX, but Chronobank just had a very successful ICO that raised what is hopefully enough capital to get things going, but once the system is in place and people start using it, the value of TIME may be virtually limitless. Right now, we have close to 7.5 billion people on the planet... ย if 1 in 10,000 used the system, the annual "dividend" to TIME holders could be approximately $528 USD per TIME per year (assuming 750000 people working 2000 hours per year at $25 USD per hour)
So, to answer your question, my forecast for the long term price potential of TIME is that getting a couple btc worth of TIME now while it's cheap and holding it could set you up with a significant annual income a few years down the road. I really wish I could get more TIME while the price is low and I hope that all the short term prospectors continue to dump low for another month or two.
There's no denying it, a project like TIME with real world usage can really shape up the labor and industry.
the real challange will be to attract non-crypto people into it. especially those that are really sceptical/conservative
March 06, 2017, 05:15:52 AM
Do we need to keep our Time tokens in wallet to get fee or Time kept in myetherwallet will also earn fee?
March 06, 2017, 03:53:53 AM
yeah, still a very good price to buy...
March 06, 2017, 02:38:31 AM
what do you forecast the long term price potential of TIME is?
Depends... what do you think the potential of a system that allows people to get paid instantly for their work, not have to deal with banks and cheque-cashing companies, and allows them to build a reputation for themselves and get paid more?
Since Labor Hour Tokens will be released in Australia first, let's use them as an example and do a little quick math... according to google, the population of Australia is just over 23 million people. If 1 in 1000 people started using the Chronobank system (LH tokens and/or LaborX) and worked 2000 hours per year (40 hours per week * 50 weeks), there would be 23,000 users going through a total of 46,000,000 LH Tokens. At the quoted rate of $39.89 AUD per labor hour (from the business outline on chronobank.io), that is a total of $1,834,940,000 AUD in LH Tokens issued.
TIME holders are entitled to a portion of those issued LH (3% in 2017, 2% in 2018, 1% thereafter) as well as a percentage of transaction fees, but let's just concentrate on the issuance fees, shall we?
With $1,834,940,000 AUD in LH tokens issued in the first year, the 3% allotted to TIME holders would would amount to $55,048,200. If that was divided evenly amongst all the 710,000 TIME that exist, then each TIME would get $77.53 AUD in LH "dividends". At 2%, it would be $51.69 AUD per TIME, and at 1%, it would be $25.84 AUD per TIME, per year. And that is with only 1 in 1000 Australians using the system... imagine if it were 1 in 100, or once the other LH tokens are added and the system is used in other countries.
It'll take some time for marketing and adoption of LH tokens and LaborX, but Chronobank just had a very successful ICO that raised what is hopefully enough capital to get things going, but once the system is in place and people start using it, the value of TIME may be virtually limitless. Right now, we have close to 7.5 billion people on the planet... ย if 1 in 10,000 used the system, the annual "dividend" to TIME holders could be approximately $528 USD per TIME per year (assuming 750000 people working 2000 hours per year at $25 USD per hour)
So, to answer your question, my forecast for the long term price potential of TIME is that getting a couple btc worth of TIME now while it's cheap and holding it could set you up with a significant annual income a few years down the road. I really wish I could get more TIME while the price is low and I hope that all the short term prospectors continue to dump low for another month or two.
There's no denying it, a project like TIME with real world usage can really shape up the labor and industry.
March 06, 2017, 02:26:59 AM
what do you forecast the long term price potential of TIME is?
Depends... what do you think the potential of a system that allows people to get paid instantly for their work, not have to deal with banks and cheque-cashing companies, and allows them to build a reputation for themselves and get paid more?
Since Labor Hour Tokens will be released in Australia first, let's use them as an example and do a little quick math... according to google, the population of Australia is just over 23 million people. If 1 in 1000 people started using the Chronobank system (LH tokens and/or LaborX) and worked 2000 hours per year (40 hours per week * 50 weeks), there would be 23,000 users going through a total of 46,000,000 LH Tokens. At the quoted rate of $39.89 AUD per labor hour (from the business outline on chronobank.io), that is a total of $1,834,940,000 AUD in LH Tokens issued.
TIME holders are entitled to a portion of those issued LH (3% in 2017, 2% in 2018, 1% thereafter) as well as a percentage of transaction fees, but let's just concentrate on the issuance fees, shall we?
With $1,834,940,000 AUD in LH tokens issued in the first year, the 3% allotted to TIME holders would would amount to $55,048,200. If that was divided evenly amongst all the 710,000 TIME that exist, then each TIME would get $77.53 AUD in LH "dividends". At 2%, it would be $51.69 AUD per TIME, and at 1%, it would be $25.84 AUD per TIME, per year. And that is with only 1 in 1000 Australians using the system... imagine if it were 1 in 100, or once the other LH tokens are added and the system is used in other countries.
It'll take some time for marketing and adoption of LH tokens and LaborX, but Chronobank just had a very successful ICO that raised what is hopefully enough capital to get things going, but once the system is in place and people start using it, the value of TIME may be virtually limitless. Right now, we have close to 7.5 billion people on the planet... ย if 1 in 10,000 used the system, the annual "dividend" to TIME holders could be approximately $528 USD per TIME per year (assuming 750000 people working 2000 hours per year at $25 USD per hour)
So, to answer your question, my forecast for the long term price potential of TIME is that getting a couple btc worth of TIME now while it's cheap and holding it could set you up with a significant annual income a few years down the road. I really wish I could get more TIME while the price is low and I hope that all the short term prospectors continue to dump low for another month or two.
March 06, 2017, 02:17:20 AM
who cares about the price before full plattform launched, if you invested in the plattform you should hold anyway until its out so
should get some more, the price this cheap won't last long! 
March 06, 2017, 02:01:49 AM
Sorry to bother! How do we get our signature bounties , do we have to open an account on chronobank? thanks
Open an account on chronobank, go to myetherwallet add new wallet and then add your Eth address to Chronobank, confirm it by email and after that wait for chronobank team to announce about signature campaign bounties. Ahmed said he will send a personal message to everyone in which he write the instructions about how to claim your signature bounties.
March 06, 2017, 01:02:41 AM
Sorry to bother! How do we get our signature bounties , do we have to open an account on chronobank? thanks
Open an account on chronobank, go to myetherwallet add new wallet and then add your Eth address to Chronobank, confirm it by email and after that wait for chronobank team to announce about signature campaign bounties. Ahmed said he will send a personal message to everyone in which he write the instructions about how to claim your signature bounties.
March 06, 2017, 12:52:16 AM
anyone can help this..?i want to withdraw TIME from myetherwallet,but got this problem..!!
+1 yes
March 05, 2017, 11:35:24 PM
anyone can help this..?i want to withdraw TIME from myetherwallet,but got this problem..!!
March 05, 2017, 09:02:55 PM
Sorry to bother! How do we get our signature bounties , do we have to open an account on chornobank? thanks
March 05, 2017, 07:42:25 PM
This Ahmed guy is the community manager both in DCT and in ARK and in both cases he is not getting his work done...
this post i saw it on another thread. but my question is : Is Ahmed involved in more projects? or he works full time with chronobank team? I would like to now the answer of this question. PS. Great news about Chronowallet. looking forward for more good news.
March 05, 2017, 05:37:54 PM
Good to hear
Good job dev and keep it work. I believe that chronobank will be good in the future.
March 05, 2017, 05:24:32 PM
March 05, 2017, 05:16:05 PM
Great news, anything can help rising the price now...
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