Re: [ChronoBank] [ICO] Blockchain revolution in the recruitment industry 🌟🌟🌟🌟🌟
We are the ICORating Team,
We prepared an Investment Review of Chronobank and assigned it a Stable ranking in terms of investment attractiveness; it should be noted that the project may be of particular interest to investors focused on long-term investments.
Read more in the report: http://icorating.com/project/23/ChronoBank
We prepared an Investment Review of Chronobank and assigned it a Stable ranking in terms of investment attractiveness; it should be noted that the project may be of particular interest to investors focused on long-term investments.
Read more in the report: http://icorating.com/project/23/ChronoBank
Hi icorating. The ""Advantages" section of your report says:
Quote
The presence of a large user base from Edway Group (about 400,000 people) creates a foundation on which to test ideas and first-introduced concepts to the market without the added problems that come with finding consumers services.
You think that that 400,000 people are consumers - that is, those who pay money. But in ChronoBank project they are those who receive money. Proof: Edway Group is a "LOC" on the scheme from ChronoBank's Whitepaper:
So Edway Group (and its 400,000 workers) is not a "consumer" but "provider" (of labour force).
And it is really a big problem for a ChronoBank project to find a consumers (those, who consume labour force and pay afterwards currently), as ChronoBank whants them to pay for LHT beforehand (before the work is done).
Question: will you correct your mistake, and will you change your Chronobank project ranking (Stable) ?
There is no mistake. They think that the 400,000 people are users which they clearly state, for the purpose of testing ideas without having to find consumers services. Because they already have 400,000 users to do the testing. Said testing does not cost money for the people doing it. Thus why having an established user base of 400,000 people is such a huge plus.
There is no problem finding labor hire companies who want to use the LH system either, there are 4 already signed up to do so. From the website:
Quote
Chronobank selects labour hire/recruitment and HR companies based on their credibility, size, and financial performance, among other factors. Please refer to our company selection methodology in our business description document, available on our website.
Initial list of companies who agreed to issue LH tokens:
Anderson Recruitment and Training Pty Ltd
http://www.andersonrecruitment.com.au
canderson@andersonrecruitment.com.au
Host Group/Host Labour Hire
john.allery@hostaustralia.com.au
john.allery@hostaustralia.com.au
AES Labour Hire Pty Ltd
http://www.aesau.com.au
jammiek@aesau.com.au
Edway Labour Hire
http://www.edwaylabourhire.com.au
stan@edway.com.au
Initial list of companies who agreed to issue LH tokens:
Anderson Recruitment and Training Pty Ltd
http://www.andersonrecruitment.com.au
canderson@andersonrecruitment.com.au
Host Group/Host Labour Hire
john.allery@hostaustralia.com.au
john.allery@hostaustralia.com.au
AES Labour Hire Pty Ltd
http://www.aesau.com.au
jammiek@aesau.com.au
Edway Labour Hire
http://www.edwaylabourhire.com.au
stan@edway.com.au
This, and much, much more, is why ICOrating gave Chronobank a stable+ rating, their highest rating.
Thank you for your interest.