How can one profit from this?? By selling the tokens only or how else?
As I understand it it is more of a long term investment. But TIME token holders will be paid fees from usage of the system.
That is essentially correct. From our FAQ:
https://chronobank.io/faqTIME tokens are used to finance the development of the system. It will receive fees from LH issuance and transactions. We plan to introduce voting based on a number of TIME tokens voters hold at a later stage of the project.