AMA session with Sergey Sergienko.
Among the most important events of the week was the AMA session, where Sergey Sergienko (CEO and founder of Chrono.Tech) was the speaker. Different topics related to the past and future of Chrono.Tech and the company’s products: LaborX and TimeX. We present the text clip and the recording!
What is LaborX.
LaborX is a global hiring platform that provides employment opportunities for people wherever they are and allows them to be paid in cryptocurrency. This platform works on the principle of a freelance exchange. It is completely secure because the employer does not get paid until the customer is happy with the work. It has different blockchains and the performer gets paid in bitcoins.
“We have been working on cryptocurrency payroll for more than 6 years thanks to the LaborX platform. At the moment we have the largest freelance crypto platform,” — Sergey Sergienko shared statistics.
Employers’ money is stored on smart contracts, so it cannot be blocked in any way. One of our company’s principles is that people get honestly earned money.
“Right now the emphasis is on marketing to make sure everyone knows about us. The emphasis is on developing social media. Right now we’re going to try to pump up our LaborX platform to tell the world that we’re here, we’re working and we’re not stopping. Soon we’ll be providing information on our marketing plan for the month so that our investors have an idea of how we’re going to develop further. We’ll also be presenting a lot of interesting partnerships and interactions with partners, so a lot of people will be wondering who our partners are. All this time we have been forming connections and not using them, now it’s time to show the world who we are”, — Sergey made such a statement.
Security methods.
The question about safety methods was asked by a viewer, and here’s how our CEO answered it:
“For security precautions, big deductions are made manually. Moreover, we have a bounty program, which means that when a vulnerability is found, people point it out to our technical support, who will fix the bugs, and people get rewards for helping.”
Are there any new product releases planned?
Chrono.Tech currently owns a large number of products, which include LaborX, TimeX, PaymentX and AUDT. So the answer to this question was:
“Rather no than yes. According to our marketing strategy we decided to focus on what really works. For the next six months we’re concentrating on LaborX, that’s our niche and that’s all we’re doing for now.”
Marketing.
“We took on a very professional team of partners who do marketing, why we didn’t do it before — we didn’t have the time. Now we’ve decided to do it professionally and openly, now we’re ready to showcase our product because we’ve got it down to the wire.”
The team of professionals handles the maintenance of major websites, social media, and building marketing strategies that push our products to the masses.
Listings.
The users wondered what listings were among the upcoming listings. Our company only works on fair terms, so we don’t work with all exchanges.
“Many exchanges offer $300,000 to $500,000 per listing, and we don’t like to work on those terms because it’s not really fair and they’re just trying to make money off of us. In order to buy TIME, the community has everything it needs. I’ll give you a little insight — we have one very large and good exchange that we may be pouring into in the near future.”
Subscriber: “I read in news groups, supposedly until the end of the month there will be major announcements, is it relevant?
Sergey: “ Yes, it is undoubtedly relevant and within a month or two there will be listings and there will be announcements.”
To find out more about upcoming listings, subscribe to our social networks and stay up-to-date.
TIME Opportunities.
We have over 100,000 freelancers on our platform. Of the advantages as opposed to other freelance services:
- Having a premium account that brings the freelancer to the top for great account visibility.
- The commission is 10% , but if the freelancer has TIME, he gets cashback. 50% is allocated to the cashback and the other 50% goes to TIME from the marketplace.
- Protection with smart contracts.
- Efficient cryptocurrency transactions.
Answers to questions from the audience:
What’s the most advanced technology for blockchain connectivity at LaborX?
“We are the first to develop a symbiosis between a decentralized exchange and a centralized exchange, we use open blockchain.”
What technology helps TimeX manage cross-chain transactions?
“We use centralized and decentralized exchanges, it allows us to make transactions quickly and efficiently.”
One of the main problems with stacking is the fact that bear markets tend to have low volume, which makes token and rewards worthless. What options do you have to solve the problem when it arises in your project?
“We buy time off the exchange and then distribute it to stakers.”
How do you feel about the possibility that bitcoin could drop to $10,000?
“ I don’t agree that btc will fall to $10,000, if that happens — I will buy as much of it as I can.”
What strategy do you have now to make the project liquid for people, not in terms of making quick money, but in terms of growing the community?
“The strategy is that we’re trying to build up more users to make safe trades and because we have a time buyback going on from the market, the more people using our platform, the more tokens are redeemed. The more people use the platform, the more tokens we will redeem.”
How developed is the tech support system on your exchange, since tech support on most exchanges is terrible, responding in hours?
“Unfortunately, we have the same situation at this stage, but usually our tech support responds within 24 hours. In the future we plan to integrate ChatGPT to automatically respond to users.
There is an opinion that next year will be a year of regulation, how do you distribute tokens by type of airdrop, token sale and what do you think your token will be recognized as — a security or what will it represent?
“Regulators, bankers will come in this year and most likely cryptocurrency will be much more controlled. Tokens have been distributed on the basis of ICOs.”
Summary.
The session was very voluminous in terms of the amount of information and productive, as Sergey answered the maximum number of questions. At the end of the session the founder of our platform summarized:
“I’m super happy that we were able to get together with you. At one time our token was worth 0.3 cents and at its peak it was worth over $500, now there are no projects that would survive after that. I’m proud of my team and myself, we’re not going anywhere and our main goal is to make sure everyone gets paid for their work, including third world residents. Thanks a lot, guys. That’s all, today was a great day. Thank you, thank you, all the best!
