ChronoBank Partners with Instant Cryptocurrency Exchange Changelly

The time-based cryptocurrency initiative will integrate the instant exchange app within its ChronoWallet.

ChronoBank, a blockchain-based initiative aimed at disrupting the short-term recruitment sector, has announced the integration of the Changelly instant cryptocurrency exchange app within its main wallet software.

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Sergei Sergienko, CEO, ChronoBank
Sergei Sergienko, CEO, ChronoBank

ChronoBank’s ICO is currently ongoing, with around $3 million already raised. The project’s native cryptocurrency is Labour Hour (LH) tokens, which will trade on the open market and will be used by companies to secure work from freelancers. “The ability to trade these LH tokens quickly, easily and without slippage against other national and virtual currencies is vital to the smooth operation of ChronoBank and confidence in our platform,” explains Sergei Sergienko, founder and CEO of ChronoBank.

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“That is why we are working to ensure they are listed on a wide range of exchanges. Moreover, we are implementing Changelly right within the core ChronoBank wallet. That will make it incredibly easy for users to exchange LH for bitcoin and other major cryptocurrencies with practically zero delay.”

Changelly

Changelly is an instant exchange app, similar to ShapeShift. Unlike a traditional exchange, it aggregates rates from the largest trading platforms and offers a single rate. The service offers instant transactions without amount restrictions, supports 25 cryptocurrencies and has over 100 thousand active users from around the world, making more than 1000 transactions daily.

“Changelly’s team is well-established and trusted in the crypto world,” comments Sergienko. “It is a clean, reliable interface that we will integrate directly into the ChronoWallet to give our users another choice for trading – in this case, one that’s all about speed and convenience. The move will allow anyone to buy LH tokens quickly, and then use these to buy for services on ChronoBank’s labour exchange.”

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