Topic: R.I.P Chronobank (TIME) (Read 491 times)

You don't know people's perception particularly when it comes to money and that's the reason why you should not easily believe and trust something even if they gave your their promises that your investment is going to be beneficial because you can't easily say their true intention, some of them are just trying to deceive you  so they can get the opportunity to get the benefits they wanted. They take advantage of those investor, what can we expect these days? people will ruin their own reputation for the sake of money that's why we have to be cautious on every decision that we are making especially when investing because we can't easily assure ourselves if our funds are safe and our investment are going to be worth it and profitable. We should learn from this kind of incident because if not then there is a huge possibility that we will end up facing the same situation, we should not disregard it because it can guide us on determining which project is worth the risk.

Its listed in 6 exchanges though.  Hard to say they are going to die but the project is just as disappointing as the team suspecting a lot of cheaters to their bounty campaigns. After 3 years the laborx still is in the pre launched. There may never really a company that will use this platform where its employees will be paid by TIME tokens as they claim.

Since you bumped this post after more than a year to say your grievance, i think this is the only token you invested, check out the market and you will understand that all the token projects lost more than 90% of their initial valuation and to see a recovery from that situation is like expecting Craig white proving that he is Satoshi by signing the genesis block .

As I remember Chrono was one of the most hyped project of it's time and as most of the projects, this too failed. The reason for it's failure is not only the bearish market but also the failure of the team to deliver what they promised for. It's getting harder for people to find a team dedicated to make a project success as most of them just collects the funds and use them in whatever way they want just spending a small amount to keep the project alive so that people won't call them a outright scam.

luckily Chronobank is still trading at Kucoin, if Kucoin also removes TIME like what Bittrex did, it seems like my advice investors should leave this project

King you say? If we compare it in bitcoins, Decent (dct) was priced BTC0.009 in their ico (when counting in -50% bonus). And now they are hovering under 200 sat. That's -99.97% drop in btc.

at that time Chronobank was indeed promising and giving a lot of profit (I also felt the profit too), if discussing the current conditions and there are still those who do hold chrono tokens means that the person has taken the wrong step.
However, if compared to the past ICO with IEO now, obviously it's still legit in the past. the proof is that even though prices are depressed so far from the initial price, Chronobank can still survive, and just look at projects that have sprung up today on average only last a few months after that are no longer worthwhile.
but unfortunately, even though Chrono still has a price value, the project has been categorized as a dead project.

Damn it, I didn't invest in TIME for long term but I traded it and made little profit as at then. It's not only TIME but many other projects with hype have failed. It's high time we started being more selective in our long term investment, if you doubt which coin to hold, just hold Bitcoin. Some guys get deceived merely by reading the Whitepaper or seeing contents (video, articles) about a project, not knowing that most of these content are paid.

Another one dead ICO project, nothing new

There are many projects even deeper discounts than Chronobank. I think the capitalization of over $ 1 million and trading volume above $ 10,000 is a pretty good level. It is not too bad compared to projects with lower capitalization and lower trading volumes. We can be optimistic for the next 1-2 years. Currently, the market is strongly correcting. I further commented that Chronobank's Twitter social networking site is still updating the news. They are still working and we have the right to trust the future growth of the project.

One of the project that I still remember, and this looks a dead project already although it still has the volume.
It's fall started when it was delisted in Bittrex and I never remember it pump to give investors some good reward, it's definitely a fail project.

There are to many of them to mentioned, we seldom recall their name because as a bounty hunter we are promoting to many projects and forget about it after the distribution and sold our token, but it's the investors, who suffers the most, because they did not got back what they invested in, Chronobank is one of this project, huge promotion, everybody thought it has a huge potential, buy after two years, this is what happens to them.

TIME token isn't the king of failed ICO projects.
There are many more ICOS are failed after listed in exchange.
Before i join this, i'm is a Airdrop Hunter and i already collect many free tokens from airdrop and most of then ia fail token.
Now that tokens is only fail token.

ChronoBank (TIME) is obviously in deep shit right now and perhaps it will not be able to recover anymore. But ChronoBank (TIME) is just one among several thousands. Many of those projects offering their tokens through ICO are now dead just like this shitcoin. Many of them have also raised huge amounts. I think they need to face the legal consequences of their acts.

really feel sorry for those who investing on this project long time ago, now the token is really dead because of price dump..
no movement or any update from developers regarding fall of price from ico prices, really disapointed, finally i leave the project and seek new great development coin like
origin protocol and other

Chronobank team was taking Bitcoin price as excuse for Time token price huge decline and always say investors are in profits in usd term .... so Now Bitcoin back to $4k range and investors are no more in profit in USD ..... so what is their next excuse to cover Time token price big failure?
https://coinmarketcap.com/currencies/chronobank/

Lol HR for the blockchain what were the investors thinking.... Oh wait they were not thinking just fueled by greed. Let's make a blockchain for our blockchain and blockchain the sh*t out of it.

do you think this is arguably the game, because they use investor money for their own sake. I am very disappointed

I wonder how they suceed to be listed by Bittrex. From my point of view it is typical shit coin without any product development.
Apparently they payed most of funds to be listed.

I usually stay away from any projects started by the Russian. If you named at least one that keeps head above the water, I'd be really surprised. Vinchain maybe, but it is struggling.

Not only that tokens are now in grave danger almost all because of these bad market, investors are picky now and I think they have also private organisation to choose some good projects also to be profitable.

so sorry for the losses that must have been recorded by the investors of this project but i think it is not the only one suffering this fate, there are many others too because of the low market....

At least they are active enough to realize there is a topic about how they failed and come here write some stuff. I mean I still don't think they will ever succeed but that is the way ICO's go, sometimes they are good sometimes they fail. I do not believe these dudes stole your money and ran away with it, look at them still working hard to make this a reality but they are missing out on the fact that people can pay in crypto without TIME at all and still find workers. Look at crypto.jobs for example, you can find a remote job there anytime you want and apply to get paid in crypto. There are not many jobs available but at least it works much better than what TIME offers and right now they are booming with newcomers every single day. Some of the jobs are already covered as well.

Please stop talking bullshit about this one and i was feeling doubt after seen the whitepaper of shitty chrono. It's a garbage project without any product. You can try to create such a comparison between chrono and eidoo and it looks so different. Eido is always increasing a lot anytime.

I don't know who will be blamed in this area, your problem must indeed be discussed, because obviously the price is now very far from the ICO price. I am sure that this incident is not only you but many investors will cry with this incident.

This reminds me of bitconnect, the huge fall was epic, a coin that dropped from $300 to about $50 in less than 48 hours, and eventually 'died'. It is already known fact that a lot of coins will not eventually die and this should be due to a number of reasons which include exiting as scam, loss of investors confidence, could not withstand existing competition, team abandoning project among others. So far the amount of coins in this category are almost equal the real coins if not more

and that is always the thing. A lot of these projects only came with empty promises, and then pushed out some huge bonus into the space for early investors and then think in such cases they will not have the value dealt with.

For one thing actually, this is a project that does not even have any real life product at the moment, and all they are just doing is telling what they are going to be coming up with very soon, so it is a normal thing to see even investors losing their patience, and since they have a lot of bonuses, they dump it all on the market.

A cautionary tale.  Whenever you find yourself assessing an investment, be it debt instruments, public equity, crypto-assets, real estate, etc, you have to do your due-diligence.  Also, never put all your eggs in one basket.  It's cliche, but it's true.

Most of tokens feel the same, just because there were more bounty hunter than investors, and all these hunters are not likely to keep tokens.

There are so many failed projects and that is basically because the team has refused to develop further into the project and all they cared about in the first place anyway was their own pocket.

Of course, it is not the only project that has really hit the ground basically, but one thing about this market is that it is highly speculative, and when we start seeing pump tomorrow in projects like this, all in the name of wanting to get rich people still hop in. Also, a lot of team do not always plan ahead pretty well for the future, and they are just after successful ICO no matter how the long term would be like, which is what I see with the 70% bonus to investors like which was mentioned by Hudora.

Lol, there were a project that could not reach psycological barrier of 100 ETH, so TIME do not know a thing about failing ICOs. It is not the king.

I was a witnes of Hamster ICO. The have offered up to 40 different payment methods, but they were not able to attract even 3 millions. Their tokes were sold by 2 dollars, and then they did not make it to the exchanges.

I do hope a sub forum can be created to take record of these failures, not to judge whether those founders are liars, just leave a record there,  so that next time when they launch a new project, potential investors can have something as referral.

I know this project.But I haven’t paid attention to it for a long time.There are many failed projects in this market.they are very good at the beginning.But in the end, there was no success.

When you provide your investors with 70% bonus, you could expect even lower fall. I think I could write a book about failed ICOs, and the King is ETH.

Post all that when you make it real


To be honest mini-jobs website is better looking than your LaborX



See, only promises, I heard that from 1 years ago but still nothing happened


Wrong , ask yourself what makes bittrex and liqui to delist Time token.

Our team is working harder and more consistently than ever before.

TimeX exchange will be launched in the following very few weeks and will set industry-wide standards for decentralized exchanges.
- TimeX will be running on the same custom Ethereum sidechain that LaborX will utilize, too.
- It will not only allow trading of Ethereum and tokens but also support many other blockchains like Bitcoin, NEM, WAVES, DASH etc.
- This all comes with trading fees lower than on any CEX and many other DEX's with a Taker fee of only 0.075% and a negative fee (reward) for Maker (liquidity providers of 0.025%. Meaning that you will even be awarded for trading on TimeX as a Maker.
- There will be no Deposit fee for ETH and token other than the unavoidable transaction fee itself.
- A small Deposit fee for coins of other blockchains like BTC etc. (needs to be wrapped to sidechain-BTC) will be applicable.
- We plan to make all features available for everyone independently of their verification tier.
- The only thing being limited to verified users only will be the access to fiat gateways later on.
- Free market making features (trading bots) integrated into TimeX for anyone interested (API trading).
- Customizable dashboard and notification system.
- Advanced security options such as Mutual SSL, Encrypted Keystore and 2FA.

About LaborX, we are currently conducting an open beta testing phase, particularly testing the Client - Worker scenario.
Bugs detected during this testing phase are being fixed within only a few days.
We expect LaborX, and thus mining LHT with TIME in PoS, to be launched in Q4 2018 thus within the next 8 weeks.

About exchanges for TIME, as mentioned in one of the previous messages, there will be more exchanges listing TIME in the near future.
About Liqui, I think I don't even have to explain this, looking at how they're delisting 25 (!) coins within some days.



https://blog.chronobank.io/laborx-sidechain-and-token-mining-explained-39777984ebaf

Hmm, where is the news regarding it? And even though the price might have gone from 0.01 BTC to 0.0006 BTC, but then BTC was not very high at that time. And maybe the next bull season, it will rise again. I saw it as one of the first legit crypto application aimed at mainstream adoption. Although yes, I never understood it. The concept was very complex and they didn't have any real product back then. Don't know what's the status now.

Yes its an exit out , Chronobank CEO dont react at all to the TIME price crash and act like nothing happened , they keep lying to community on telegram channel and ban anyone tried to ask legit questions about TIME price or working product , No one know how much ICO fund left because there is no Financial Report.

Yeah I remember those time that they also did a signature bounty in the forum.

And those days ICOs were on hype so people who just sees an ICO that has a lot of advertisement, makes them believe and trust it. Its obvious that they have sold millions of their tokens during the peak and just exit out of that token, really feel sorry for those folks that believed on this coin.

Did they let there tokens to lose 95% of its real value?

No body know what will happend to the future from a cryptocurrency project,, my friend,,,
Because there is a lot of project collect more money if we compared with TIME,, but they are failed too even didn't touch a famous exchange

Time is token of Chronobank project and in ICO time the CB CEO spent thousands of dollars to advertise his ICO and ofc they collected millions of dollars , after ICO end they gone total silence and ignored investors , even refused to pay for exchanges listing and i remember one of admin on telegram say we dont pay huge fees for simple listing its up to them to add Time , he think himself still in 2014 lol

The CEO gave ton of promises such as 1000s companies partnership to use Chronobank LaborX before the end of 2018 also promised that Time get listed in top exchanges and get top10 in CMC but i can see Time got delisted from Bittrex and Liqui due to project failure and low trading volume.

yes,  raised fund more than the hard cap that they set in ICO and you can see the result now , almost two years and no product and 95% lose for investors.

I'm only aware of Chronobank (TIME) but I didn't gave time on who's the CEO of it.

Well during its ICO time this coin has been on hype and I thought that there's a good progress on this coin until today but well I guess ICO tokens are being taken down one by one. Sorry for those folks that invested to this coin and never sold while there have time before.

https://i.postimg.cc/FRJxn5RW/time.png

0.00047BTC/Time

R.I.P

There are a lot of coins and altcoins at the moment with the exact same situation. Don't think that TIME really takes the cake here however they are a true disappointment for the investors. There is a slight hope that when the market restore TIME will get back it's positions as well as investors trust...

I was never a fan of Chronobank but there is much worth ICO than Chronobank, but it is for sure will have a place between the top 10 successful failed ICO. I remember a couple of days ago and for some unknown reason someone was trying to HYPE this project on this forums, probably he/she is just trying to get out of it, they need a miracle, not just HYPE.

They made a huge mistake when they decided to sell the ICO for such high price, the expectations are much higher if you give yourself such unrealistic valuation. Noticed that they recently updated their Github and they are still active on some social media platforms so maybe their is still some hope.

Maybe TIME isn't the King but it is certainly a good example why it can be dangerous to invest in ICOS.

In this bear market each and every shitcoin will be exposed and this shitcoin will lack liquidity on the Exchanges. Chronobank raised huge amount from its token same but have launched only one product which is also the copycat product. Same thing happened with the biotron hopefully soon liquid exchange by quiono will also start to delist as they have huge number of coins and token which doesn't have liquidity at all.

Sergey sergienco in Bahas already. He can live there forever doing nothing...) What for to develop...)

Not only TIME, I think there are so many ICO projects need to say sorry to investors whom believe in their projects. LOL. Of course ICO project created with good purpose but not all of them can be successful like EOS or NEO. We can't do anything else but accept the risk when we wanna invest in any ICO.

I don't think so. In my opinion, it is the very big wave of beang of  this. You could say R.I.P. only if you wouldn't use this ever.

They have a catchy name but like most of the market a bad product.

It is more than expected. Now we are in time for just the strong coins will live. The unnecessary ones will die.

This is not surprising at all, Most of the sh*tcoins are gonna face the same fate, You'd first have them talking and talking, Advertising more and more just to get your money, Later they'd die because there is no application and product to sell for a higher price. What did they promise to investors? I don't think that they were promising the investors only a working wallet which everyone could build for free, Most of the sh*tcoins you see are only giving you a wallet to hold other coins, Well, Every coin has it's own wallet, They don't really need a new wallet which is only usable if you were paying for it with another coin.

I remember observing their website and ANN thread with intrigue back in the days as everything looked so incredibly sterile and polished but was unable to comprehend their idea completely. Their ICO fell in the time-frame of ICO boom so no wonder they have managed to collect so many funds. What can I say, their investors have probably learned a painful lesson.

 TIME is the Queen then

Percentage wise a ton of other shitcoin ICOs have fared worse than TIME. So no, TIME isn't the "King of Failed ICOs"

R.I.P Chronobank
TIME token is the king of failed ICO projects.
ICO price 0.01BTC , price now 0.00061BTC
https://coinmarketcap.com/currencies/chronobank/
Bittrex , Liqui delisted TIME and other exchanges are on the way to do the same thing.
After 1year and 10 months the only working product is chronowallet (same as MEW + support few altcoins)

ChronoBank ICO collected:

· 3,123 BTC
· 14,385 LTC
· 48,945 ETH
· 33,043 ETC
· 13,587,411 NEM
· 385,963 WAVES
· 416,566 EMC
· ($1,108,180)

https://blog.chronobank.io/chronobank-ico-raised-5-4-million-usd-90f16e17188

Sorry for investors and everyone who believed CEO Sergei Sergienko promises.