| General information | |
|---|---|
| Global rank: | 896 |
| Name: |
Chronobank |
| Symbol: | TIME |
| Current coin price (PGK): | 5.58 K |
| Last hour: | arrow_downward-1.39 % |
| Last 24 hours: | arrow_upward9.36 % |
| Last 7 days: | 33.67 %trending_up |
| Capitalisation (PGK): | 3 963 762.83 K |
| Volume 24h (PGK): | 144 765.51 K |
| Available supply: | 710 113.00 TIME |
| Total coin supply: | 710 113.00 TIME |
| Start date: | 08/12/2016 |
| Chronobank (TIME) website: | http://chronobank.io/ |
Chronobank/Papua New Guinean Kina (TIME/PGK) price chart
Chronobank/Papua New Guinean Kina (TIME/PGK) capitalisation and volume charts
Time is an Ethereum-based token issued by Chronobank. It allows users to receive dividends from the fees and issuance of Labor-Hour Tokens (LHT) in the Chronobank system.
Chronobank is a system designed to tokenize labour-hours using blockchain technology. The system leverages smart contract techniques to automate a process whereby a country-specific ‘labour-hour’ token may be redeemed for real labour-hours via legally binding (traditional) contracts with labour-offering companies. The proposed ‘stable-coin’ LHT implementation provides a non-volatile, inflation-resistant digital asset transfer system.