#### What is Chrono.tech? Chrono.tech is a [blockchain](https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain)-based platform that aims to revolutionize the global recruitment and employment markets. It provides a suite of services, including LaborX.com, a [peer-to-peer](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/peer-to-peer) freelancer marketplace, TimeX.io, a Plasma-based [cryptocurrency](https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency) exchange, AUDT, an Australian dollar-backed [stablecoin](https://www.coinbase.com/learn/crypto-basics/what-is-a-stablecoin), and PaymentX, a crypto invoicing and payroll solution. The native governance token of the Chrono.tech ecosystem is TIME, which can be used within its products to secure premium account status and for [staking](https://help.coinbase.com/en/coinbase/trading-and-funding/staking-rewards/eth-2-0-staking) on TimeWarp.finance to receive revenues generated by all services. The platform strives to reduce the barriers to accessing work and transferring funds securely in the global labor marketplace. #### How does Chrono.tech work? Chrono.tech operates through a series of interconnected services. LaborX.com allows freelancers and customers to organize work via digital agreements, powered by [smart contracts](https://www.coinbase.com/learn/crypto-basics/what-is-a-smart-contract), with all payments escrowed and made in cryptocurrency. TimeX.io is a hybrid Plasma-based exchange that offers fast, secure trading of digital assets. AUDT.to is a stablecoin, hosted on the [Ethereum](https://www.coinbase.com/learn/crypto-basics/what-is-ethereum) blockchain and backed 1:1 with Australian dollars (AUD). PaymentX.io is a multi-currency crypto payroll solution that enables individuals and businesses to integrate crypto payments into their day-to-day invoice processes. TimeWarp.finance is the ecosystem’s [DeFi](https://www.coinbase.com/learn/crypto-basics/what-is-defi) [yield](https://blog.coinbase.com/around-the-block-7-understanding-yield-farming-and-the-latest-developments-in-defi-ef9f1ac910fb) farming application where TIME holders can [stake](https://www.coinbase.com/learn/crypto-basics/what-is-staking) their token to earn revenues generated by all products of the Chrono.tech product range. #### What are the potential use cases for Chrono.tech? Chrono.tech has a wide range of potential use cases. It can be used by freelancers and employers to organize work and make secure, escrowed payments in cryptocurrency. It can also be used by traders to conduct fast, secure trading of digital assets on a hybrid Plasma-based exchange. Businesses can use it to integrate crypto payments into their day-to-day invoice processes, and TIME token holders can stake their [tokens](https://www.coinbase.com/learn/crypto-basics/what-is-a-token) to earn revenues generated by all products of the Chrono.tech product range. Additionally, AUDT.to provides a way for traders to move money into and out of the blockchain ecosystem from an Australian bank account, store value in AUD on the blockchain, and transfer funds anywhere in the world quickly and easily. #### What is the history of Chrono.tech? Chrono.tech was founded in 2016 with the aim of making short-term employment opportunities as easy to access as any other online service. The Sydney-based company was launched after a successful token sale in 2016. Since then, Chrono.tech has built a suite of tools and services to facilitate recruitment, invoicing, and payments, with a labor-hire platform LaborX, Plasma-based exchange TimeX, and cryptocurrency payroll solution PaymentX to reduce costs and improve quality and reliability. The platform has been continuously updated and improved, with new features and services added regularly to enhance its functionality and user experience.