Press release. The new initiative expands on the Ethereum-based TimeWarp staking program, which currently offers a yield of 224% APY.
time warp, a new DeFi farming opportunity backed by multiple real-world revenue streams, has just launched on the Binance Smart Chain following a successful first launch on Ethereum.
The initiative enables holders to stake the native token Time, an ecosystem of blockchain-based products and services developed by an Australian blockchain company. chrono.tech.
The TIME token has now launched on the Binance Smart Chain (BSC), with a growing number of Chrono.tech’s services also integrating the popular blockchain, thanks to its low fees and compatibility with Ethereum’s smart contracts. Time tokens can be swapped between Ethereum and BSC using a purpose-built bridge.
How TimeWarp Works
Chrono.tech generates a steady stream of revenue from its services, which are collectively designed to streamline recruitment, work and access to payments.
A portion of these revenues is converted into TIME tokens, which are purchased on the open market. Since TIME has a limited supply (710,113 tokens) and they are all issued, this creates constant demand and helps increase price support. TIME tokens purchased in this way are paid weekly to holders who bet their TIME tokens TimeWarp Smart Contract.
Tokens locked in the contract are subject to a staking multiple, which is determined by the amount of time users commit to lock their tokens in advance. For example, a user who commits to betting 100 TIME tokens for one year will receive a higher payout than someone who locks 100 TIME tokens for only one month.
BSc Pool In addition to the existing Ethereum staking pool, TIME staking is now open, which has given a return of around 224% APY so far. “The low fees for using Binance Smart Chain will allow holders to take more of those earnings home with them,” says Sergei Sergeenko, founder of Chrono.tech and TimeWarp.
In addition to receiving regular rewards, users who bet their TIME will be able to use premium account status on laborx, an independent work platform with cryptocurrency payments including BSC tokens. Premium status allows users to earn more TIME in the form of bonuses and fee waivers.
Fundamental analysis of crypto markets is notoriously difficult, and many projects are scrapped or undervalued because DeFi lacks the well-established framework that exists in the traditional financial space.
“Since TimeWarp rewards are based on real-world revenue from Chrono.tech’s services, it gives crypto investors a clear way to value tokens based on direct metrics such as the price/earnings ratio,” explains Sergienko. ‘We’re not just creating and issuing new tokens, or issuing TIME out of a reserve token repositories, as many other projects do to bootstrap their user base.’
Established in 2016, Chrono.tech is based in Sydney, Australia. The company provides a suite of blockchain-based resources for the human resources and recruitment sector, enabling anyone, anywhere in the world, to access work and pay. Products include:
laborx: a cryptocurrency job platform Which uses smart contracts to formalize work contracts between freelancers and clients with automated cryptocurrency payments.
timex: one based in Australia crypto exchange Which provides easy on- and off-ramp access to popular cryptocurrencies and the banking system.
paymentX: a cryptocurrency payroll Solution that integrates with existing account systems and enables businesses to make multiple automated crypto payments to employees and contractors.
odds: One Australian dollar pegged to stablecoinFully compliant and regulated by AUSTRAC, Australia’s financial intelligence agency.
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