New Crypto Jobs

Because cryptocurrency is borderless and global, anyone can apply for a job and get paid, no matter where the freelancer and customer are in the world, and whether or not they have access to banking services. Crypto jobs payments are efficient, and blockchain enables a truly free and frictionless labour market. Freelancing is also a good way to earn crypto, an attractive new asset class.

LaborX currently supports two major blockchains, Ethereum and Binance Smart Chain. Freelancers and Customers can organise cryptocurrency jobs payments in ETH, WBTC, TIME, and stablecoins USDC, USDT, DAI and AUDT on Ethereum; and BNB, BTCB, TIME, and stablecoins BUSD, USDT, USDC and DAI on Binance Smart Chain.

Freelancers are charged 10% of the payment for each Job or Gig they complete as platform fees. These fees are used to buy TIME tokens on the open market. Freelancers then receive a rebate of up to half of this amount in TIME tokens, depending on their Premium membership status. This potentially reduces their fees to just 5%, as well as giving them a regular payment in a token for which there is constant demand – making it something like a crypto jobs pension scheme.

Customers receive a bonus in TIME tokens every time they make a payment to a freelancer. This acts as an incentive to keep using LaborX. The TIME they receive can be saved, accruing value over time, or can be used to pay freelancers.

Absolutely! LaborX’s cryptocurrency jobs market is open to all. However, with even the lowest level of Premium membership, freelancers will start to earn extra TIME tokens, allowing them to access higher levels and earn larger rebates – a virtuous cycle.

Whenever a task is completed and a cryptocurrency job payment is made, LaborX converts its fee into TIME, the native token of the wider Chrono.tech ecosystem. These TIME tokens are distributed between LaborX Freelancers, Customers, and other Chrono.tech stakeholders. This process is called Job Mining.

In addition to being the leading blockchain jobs platform, LaborX is part of a wider suite of services run by Chrono.tech. TimeWarp is Chrono.tech’s TIME token staking programme. A proportion of the TIME tokens purchased through Job Mining cryptocurrency jobs payments are distributed to TimeWarp stakers. TimeWarp is also the means by which LaborX users can acquire Premium membership, which offers a series of benefits, including increased Job Mining payments for crypto jobs.