Apologies if this question has already been answered, but what happens if you do not raise 10k BTC to be able to fully fund LaborX? Are LH kind of worthless before you roll out LaborX?
From the website about LH:
https://chronobank.io/#labor-hoursThe first stage of our project is to create the financial backbone of ChronoBank.io: national Labour-Hour (LH) tokens.
LH are linked to average hourly wages in the host country and are backed by a real labour force from big recruitment and labour-hire companies.
Labour is abundant enough for everyone to have access to it, yet scarce enough to be valuable. It is the most tradeable resource in the real economy.
LH tokens will tokenise this resource. Because they are backed by real labour, they are absolutely inflation-proof and have next to zero volatility โ in comparison to bitcoin and other cryptocurrencies.
This solution is far more sustainable than any of the fiat-pegged or backed coins that currently exist in the crypto market. LH tokens will be hyper-liquid and accessible 24/7 via the LH debit card.
From the website about LaborX (right below that):
LaborX Decentralised Marketplace
The second stage is to create LaborX, a decentralised marketplace where people in real-world professions will be able to sell labour-hours to anyone.
As you can see, LH will have immediate value.
However, LaborX is very important as it will be decentralized, and brings even more to the table, globally.
The more funds raised, the more resources that can be put into LaborX, and the faster it will be completed. It will happen whether the project raises 10,000 BTC or not, however. Thank you for your questions!
