TIME Tokens and TimeWarp Staking start on Binance Smart Chain – press release Bitcoin News

Press release

PRESS RELEASE. The new initiative expands the Ethereum-based TimeWarp staking program, which currently offers a return of 224% APY.

Timeskip, a new DeFi farming opportunity backed by multiple real-world revenue streams, has just launched on Binance Smart Chain after a successful earlier launch on Ethereum.

The initiative enables holders to use TIME, the native token of an ecosystem of blockchain-based products and services developed by an Australian blockchain company Chrono.tech.

The TIME token has now been launched on Binance Smart Chain (BSC), with a growing number of Chrono.tech services also integrating the popular blockchain thanks to their low fees and compatibility with Ethereum’s smart contracts. TIME tokens can be exchanged between Ethereum and BSC using a specially developed bridge.

This is how TimeWarp works

Chrono.tech generates a constant stream of revenue from its services, which are collectively aimed at streamlining access to recruitment, work and payments.

A portion of this revenue is converted into TIME tokens, which are bought on the open market. Since TIME has limited supply (710,113 tokens) and all of them have been issued, this creates constant demand and helps increase price support. TIME tokens purchased in this way are paid out every week to holders who place their TIME tokens in the Smart contract with TimeWarp.

Tokens blocked in the contract are subject to a staking multiple, which is based on the period in which users undertake to block their tokens in advance. For example, a user who pledges to set 100 TIME tokens for a year will receive higher payouts than someone who blocks 100 TIME for just one month, for example.

The BSC pool for TIME Staking is now open in addition to the existing Ethereum Staking Pool, which has so far achieved returns of around 224% APY. “The low fees associated with using Binance Smart Chain will enable owners to take more of that revenue home with them,” said Sergei Sergienko, founder of Chrono.tech and TimeWarp.

Users who invest their TIME will not only receive regular rewards, but will also have access to Premium account Status on LaborX, a freelance work platform with cryptocurrency payments, including BSC tokens. Premium status enables users to earn more TIME in the form of bonuses and fee reductions.

Appreciation of ZEIT

Fundamental analysis of the crypto markets is notoriously difficult, and many projects are over- or undervalued because DeFi lacks the established frameworks that exist in traditional finance.

“Since TimeWarp rewards are based on real income from Chrono.tech’s services, this offers crypto investors a clear way of evaluating the token based on simple metrics such as the price-earnings ratio,” explains Sergienko. “We’re not just creating and issuing new tokens or releasing TIME from a treasury of reserved tokens like many other projects are doing to boot their user base.”

About Chrono.tech

Chrono.tech was founded in 2016 and is based in Sydney, Australia. The company offers a range of blockchain-based resources for the HR and recruiting sectors that enable anyone in the world to access work and payments. Products include:

LaborX: a Job platform for cryptocurrencies that uses smart contracts to formalize working arrangements between freelancers and clients with automated cryptocurrency payments.

TimeX: an Australian resident Crypto exchange which offers popular cryptocurrencies and an easy entry and exit ramp to the banking system.

PaymentX: a Payroll in cryptocurrency Solution that can be integrated into existing account systems and enables companies to make multiple automated crypto payments to employees and contractors.

AUDT: a Australian dollar linked stablecoin, fully compliant and regulated by AUSTRAC, Australia’s financial intelligence service.

This is a press release. Readers should do their own due diligence before taking any action in relation to the advertised company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use or reliance on any content, goods or services mentioned in the press release.

Photo credits: Shutterstock, Pixabay, Wiki Commons



source https://bidsfor.me/time-tokens-and-timewarp-staking-start-on-binance-smart-chain-press-release-bitcoin-news/

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