The crypto markets have been extremely volatile for the last several months. Bitcoin topped out at just under $20,000 in December, dropped 70% over the following 6 weeks, and is now up almost 100% from its $6,000 low. Crypto has always been choppy, but the wild movements in the markets recently have caught a lot of people off-guard.
We want to introduce the idea TIME as a hedge to this volatility: a way to smooth out the fluctuations in bitcoin over the long term and diversify your portfolio.
One of ChronoBank’s flagship assets is the Labour Hour token (LH). These are tokens that are ‘backed’ by labour time, and are redeemable by labour-hire organisations in different countries. We designed our token and ecosystem model this way because wages tend to rise with or above inflation — meaning that LH will be a stable store of value. So traders will be able to park funds in LH tokens for either the short or the long term, knowing that they won’t lose value as BTC or alts might. In fact, LH should be a better store of real-terms value than USD or other inflationary currencies.
Our core TIME token holders will benefit from this, since the TIME token can be locked to mine LH. This means that TIME should have some immunity to the ups-and-downs of the crypto markets, because its value is linked to average wages in the real world.
Not only that, but we’re very pleased to report that TIME is seeing lots of new interest since it was listed on KuCoin last Saturday. Volumes are at an all-time high, with over $13 million in TIME being traded daily. This liquidity means new holders are able to get in and existing holders can sell without serious slippage. Liquidity in itself is valuable, and it’s no coincidence that TIME has enjoyed a rise in value over the last week...