Re: [ANN]ChronoLogic - Proof-of-Time token on Ethereum
After watching the latest webinar ( https://www.youtube.com/channel/UCTAH_8hSgbzd8Mq84zMsZJQ ), some faith, but not all yet, in this project and team has been restored.
The debt smart contracts portion of the Chronos dApp looks promising from a business use case perspective. This could be the default dApp for big and small crypto investors/speculators (for ethereum and the erc20 tokens at least), but it needs to be marketed somehow around the time it's ready to go live because people will not use it if they don't know it exists.
The DAY mint and token holders can at least look forward to a brighter future now, because it was damn depressing in Q3 and 4 of 2017. It's beginning to show in the valuation slowly too, fortunately.
I have some questions that maybe some smart people here have answers for:
a) does anyone know if other blockchain projects are doing something similar regarding debt contracts? There must exist some type of competition somewhere besides what Salt lending looks to achieve (with crypto as collateral for fiat loans) in the long term, right? Or does chronologic have first mover advantage?
b) the lender that receives the generated debt tokens, isn't there a kind of naming convention or uniquely generated id attached to those tokens needed? otherwise in a few years there are floating around the ethereum network a lot of duplicate named tokens (i understand the underlying contract address is unique of course). Am i right in this assumption?
c) is there any future use case of the yesterday token mentioned by anyone from chronologic? or is it really deprecated forever?
Would like to see anonimity guaranteed though, kyc/aml is not necessary here.
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The debt smart contracts portion of the Chronos dApp looks promising from a business use case perspective. This could be the default dApp for big and small crypto investors/speculators (for ethereum and the erc20 tokens at least), but it needs to be marketed somehow around the time it's ready to go live because people will not use it if they don't know it exists.
The DAY mint and token holders can at least look forward to a brighter future now, because it was damn depressing in Q3 and 4 of 2017. It's beginning to show in the valuation slowly too, fortunately.
I have some questions that maybe some smart people here have answers for:
a) does anyone know if other blockchain projects are doing something similar regarding debt contracts? There must exist some type of competition somewhere besides what Salt lending looks to achieve (with crypto as collateral for fiat loans) in the long term, right? Or does chronologic have first mover advantage?
b) the lender that receives the generated debt tokens, isn't there a kind of naming convention or uniquely generated id attached to those tokens needed? otherwise in a few years there are floating around the ethereum network a lot of duplicate named tokens (i understand the underlying contract address is unique of course). Am i right in this assumption?
c) is there any future use case of the yesterday token mentioned by anyone from chronologic? or is it really deprecated forever?
Quote
P: Will there be a forum where users can find counter parties for their borrowing or lending requirements. Thanks, Craig
R: That is indeed one of the future iterations we're considering.
This must have immediate priority, should be integrated within the Chronos dApp. Since the borrower and lender don't need or care to know each other, it's in essence just another marketplace R: That is indeed one of the future iterations we're considering.
Would like to see anonimity guaranteed though, kyc/aml is not necessary here.Quote
P: This is the future!
R: Wait until you see what we have coming up next! :slightly_smiling_face:
P: I'm extremely proud to have put my money in this ICO
R: We have some really exciting updates we'll leak each week leading up to something very big in early March
This is a nice cliffhanger. I hope the project team keeps delivering from now on. Token holders/minters are not nearly proud enough yet, but the outlook for 2018 is good at least R: Wait until you see what we have coming up next! :slightly_smiling_face:
P: I'm extremely proud to have put my money in this ICO
R: We have some really exciting updates we'll leak each week leading up to something very big in early March
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