What Chrono.tech does

Chrono.tech is a Sydney-based blockchain company founded in 2016 that operates a five-product ecosystem anchored by its native TIME token. The portfolio spans HR/payments and crypto-infrastructure use cases: LaborX is a global freelance marketplace with smart-contract escrow supporting crypto-denominated employment contracts; PaymentX provides automated crypto payroll and invoicing for businesses paying distributed teams; TimeX is a Plasma-based hybrid cryptocurrency exchange (0.25-0.5% maker/taker fees) with fiat on-ramps; AUDT is an ERC-20 stablecoin fully backed by Australian dollar reserves and redeemable 1:1; and TimeFarm is a gamified Telegram mini-app that reached 30M+ users by September 2024. The ecosystem is technically rooted in Ethereum and seven EVM-compatible networks (BNB, Polygon, Fantom, Arbitrum, Optimism, Base), with TIME listed on Coinbase, KuCoin, Gate.io, Bybit, and Bitget.

The business model blends multiple revenue mechanics: marketplace commissions on LaborX transactions (with a paid B2B commission model planned), transaction fees on TimeX exchange volume, staking rewards distributed via TimeWarp (~14% APY, over $1M paid in 2023), and — most recently — a TimeFarm advertiser platform launched June 2025 alongside an in-app prediction market. Go-to-market is predominantly product-led and community-led (Telegram channels, ambassador program, referral systems) supplemented by paid digital advertising on Facebook, Google, LinkedIn, and Twitter, with an emerging enterprise field-sales motion for the LaborX B2B HR Module. Customer segments split between Global Freelancers and Employers/Businesses (primary), Crypto Traders and TIME Token Holders, and Enterprise HR/B2B buyers.

The company is founder-led (CEO Sergei Sergienko, COO Andrey Petrushko), has 30+ employees (22 in development), and completed a USD 30 million financing round in January 2022 from European family offices and Australian fund manager Mark Carnegie. No subsequent equity rounds are recorded; the company is AUSTRAC-registered and integrates KYC/AML via Monoova and RapidID for Australian compliance. Recent strategic emphasis has shifted from the original LaborX core toward the TimeFarm consumer flywheel and AI-assisted workflow features.

Name

Chrono.tech

Legal name

Chrono.tech

Website

https://chrono.tech

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Chrono.tech is a Sydney-based blockchain company that operates an integrated ecosystem of five products — LaborX freelance marketplace, TimeX exchange, PaymentX crypto payroll, AUDT stablecoin, and TimeFarm Telegram app — tied together by its native TIME token for global freelancers, crypto-paying employers, and web3 consumers.

Ownership category

akta.pro rank

Product category

Blockchain HR & Finance Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Securities and Commodity Exchanges (52321)

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD)

akta.pro secondary industries

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption) (FSAPAEAB), Interoperability & Integration Middleware (ERP/core banking connectors, messaging, APIs, cross-chain to permissioned) (FSAPAIAL)

Keywords

• Blockchain HR software
• Crypto payroll solutions
• Hybrid crypto exchange
• Fiat-backed stablecoin
• Freelance recruitment platform

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. LaborX Platform Commissions: LaborX facilitates freelance job postings and crypto-denominated contracts between clients and freelancers. Revenue is generated through platform take-rate on transactions and potentially job posting fees (a paid B2B commission model for job postings was planned for 2024).
2. TimeX Trading Fees: TimeX charges trading fees on crypto exchange operations: Taker fee 0.5%, Maker fee 0.25%, with fee rebates for referral program participants. Also generates revenue from fiat deposit/withdrawal services.
3. TIME Token Utility: The TIME token derives value from its utility across the ecosystem: premium account upgrades on LaborX, TimeWarp staking rewards, and exchange pairing/trading on TimeX. Token appreciation serves as a revenue mechanism for token holders.
4. TimeWarp Staking Rewards Distribution: Staking rewards distributed to TIME holders who lock tokens in TimeWarp smart contract. The company distributed over $1 million in rewards to TIME stakers in 2023, indicating APY of approximately 14%. Revenue to the company comes from staking pool economics and platform activity.
5. TimeFarm SECOND Token Ecosystem: TimeFarm is a gamified Telegram app where users earn SECOND tokens through tasks, games, P2P trading, and airdrops. Revenue may derive from in-app advertiser placements (advertiser platform launched June 2025) and token economics.
6. TIME Token Sale / Funding: Completed USD 30 million financing round (2022) from European family offices and Australian fund manager Mark Carnegie, supporting ecosystem development and product improvements.

Pricing tiers

Go-to-market motion3 records

Distribution channels8 records

Marketing channels9 records

Core offering

Chrono.tech operates a vertically integrated blockchain HR and finance ecosystem comprising five products: LaborX (blockchain-based recruitment platform with smart contract escrow connecting freelancers and clients for crypto-denominated work), TimeX (Plasma-based hybrid cryptocurrency exchange combining centralized speed with decentralized security), PaymentX (automated cryptocurrency payroll solution for businesses), AUDT (Australian dollar-backed stablecoin redeemable 1:1), and TimeFarm (gamified Telegram app for earning SECOND tokens). All products are anchored by the native TIME ERC-20 utility token, which provides premium access, staking rewards via TimeWarp, and cross-product utility.

Product overview

Chrono.tech is building a comprehensive ecosystem for HR and finance based on blockchain technology. The portfolio consists of five core products: LaborX (blockchain-based recruitment platform for freelancers with crypto payments), TimeX (Plasma-based hybrid cryptocurrency exchange), PaymentX (automated crypto payroll solution), AUDT (Australian dollar-backed stablecoin), and TimeFarm (gamified Telegram app for earning SECOND tokens). The ecosystem is anchored by the TIME token launched in 2017, which provides utility across the platform including premium status on LaborX and staking through TimeWarp. The company also integrates AI capabilities for candidate matching, moderation, and user assistance.

Differentiator

Problem solved

Functional benefit

Brands

• TimeFarm: Gamified Telegram app where users complete tasks, earn SECOND tokens, spend them in-app, trade with other users, and join contests and airdrops
• LaborX
• TimeX
• PaymentX
• AUDT
• TIME Token
• TimeWarp
• TIME Bridge Swap

Products and services

• LaborX LaborX is a blockchain-secured global recruitment platform that connects individuals with freelance and full-time work opportunities worldwide, enabling them to be paid in cryptocurrency. The platform uses smart contracts to lock funds when a contract is signed and release payment upon verified work completion, eliminating payment risk for both freelancers and clients. It supports 7 blockchain networks (Ethereum, BNB Chain, Polygon, Fantom, Arbitrum, Optimism, Base) and includes dispute resolution via third-party mediation and an on-chain reputation system.
• TimeX TimeX is a Plasma-based hybrid cryptocurrency exchange that combines centralized and decentralized technologies, offering the speed and privacy of centralized systems with the security and transparency of decentralized ones. It includes protection against front-running and illegal activities, fiat deposit/withdrawal services, mobile apps for iOS and Android, integration with TradingView, and an API for algorithmic trading strategies. Trading fees are 0.5% taker and 0.25% maker.
• PaymentX PaymentX is an automated cryptocurrency payroll solution for businesses, enabling them to pay global teams in crypto with one click, send and receive professional invoices, and set up recurring payment schedules. It targets businesses with distributed teams who need fast, low-cost cross-border crypto payments to contractors and employees.
• AUDT (Australian Dollar Token) AUDT is a fiat-backed ERC-20 stablecoin pegged to the Australian dollar on a 1:1 basis, underpinned by 100% reserves of Australian dollars held with a licensed bank account. Each AUDT is redeemable for real Australian dollars at any time, providing a regulated fiat on-ramp and stable value transfer mechanism within the Chrono.tech ecosystem.
• TimeFarm TimeFarm is a gamified Telegram mini-app where users complete tasks, earn SECOND tokens, spend them in-app, trade with other users via P2P trading, and participate in contests and airdrops. It serves as a top-of-funnel Web3 onboarding channel into the broader Chrono.tech ecosystem and includes an advertiser platform, an in-app prediction market, and a microtasks system.
• TimeWarp TimeWarp is a staking rewards programme for TIME token holders. Users lock TIME tokens in a smart contract and receive rewards in additional TIME, with an approximate APY of 14% reported as of 2023. Over $1 million in staking rewards was distributed to TIME stakers in 2023.

Quantifiable outcome

• Over $1 million in rewards distributed to TIME stakers in 2023, with ~14% APY via TimeWarp.
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration20 records

AI capability5 records

Feature7 records

Partnerships

Five partnerships are on record, tiered core and minor.

• SingularityNETcoreStrategic or Co-development PartnerNew partnership with SingularityNET announced in March 2023. SingularityNET is an AI-focused blockchain platform. The partnership integrates AI capabilities into LaborX's workflow, including AI-powered candidate matching planned for 2024.
• Crypto Gaming United (CGU)minorGTM or Marketing PartnerChrono.tech partnership with Crypto Gaming United announced July 2021. CGU is a gaming community and platform whose members can access LaborX for work opportunities, while LaborX benefits from CGU's gaming community reach.
• Binance NFTminorChannel Partner/ Reseller/ DistributorLaborX NFT launch in partnership with Binance NFT in June 2022. NFTs were minted on Binance NFT marketplace to provide additional utility and visibility for LaborX's platform within the Binance ecosystem.
• SHIB ($SHIB) CommunityminorGTM or Marketing PartnerLaborX partnered with the $SHIB community in February 2022. The partnership aimed to attract Shiba Inu token community members to LaborX for freelance work opportunities paid in crypto.
• Coinbase (Base L2)coreTechnology or IntegrationLaborX integrated Coinbase's Base L2 network (built on Optimism's OP Stack) in 2024, enabling users to send and receive ETH and USDC payments on Base. Base has 20M+ unique active wallets and supports hundreds of thousands of daily transactions.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Deel: Deel is a leading global HR and payroll platform for international contractors and employees, offering compliant onboarding, payments, and contractor management in 150+ countries. While not crypto-native, Deel competes with LaborX/PaymentX in the cross-border contractor payment and HR space and increasingly supports crypto-denominated payments.
• Upwork: Upwork is the world's largest freelance marketplace with tens of millions of users and established escrow, dispute resolution, and global payment infrastructure. It is LaborX's primary incumbent competitor in the freelance marketplace category and could add crypto payment rails to neutralize differentiation.
• Coinbase: Coinbase is the largest US-regulated cryptocurrency exchange and operates Base L2 (which LaborX integrates). It competes with TimeX on exchange volume and is a strategic ecosystem partner whose Base network integration is a key dependency for LaborX's L2 support.
• Ripple (XRP): Ripple operates the XRP Ledger which TimeX has integrated for crypto payments and exchange. While not a direct competitor, Ripple's enterprise payment focus and stablecoin initiatives (RLUSD) overlap with PaymentX and AUDT's cross-border payment value proposition.

Direct peers

• Bitwage: Bitwage is a blockchain-based payroll and invoicing platform that enables employers to pay teams in Bitcoin and other cryptocurrencies. It is the most direct competitor to PaymentX for crypto-denominated payroll, with overlapping freelancer and employer customer segments.
• Request Network: Request Network is a decentralized payment network built on blockchain for invoicing and peer-to-peer payments. It overlaps with PaymentX's crypto invoicing capability and shares the same vision of crypto-native business payments and freelancer use cases.
• Wirex: Wirex is a regulated crypto payments platform offering crypto debit cards, multi-currency wallets, and crypto-fiat conversion. It competes with TimeX as a hybrid centralized-decentralized exchange and overlaps with AUDT's stablecoin and fiat on-ramp use cases.

Emerging players

• Uniswap: Uniswap is the largest decentralized exchange by volume and a primary DEX where TIME token trades. It competes with TimeX's DEX functionality and represents the de facto standard for decentralized trading that TimeX's hybrid model must differentiate against.
• LaborX direct competitor: Ethlance: Ethlance is a blockchain-based freelance marketplace built on Ethereum that pays freelancers in crypto. It is a direct niche competitor to LaborX in the decentralized freelancing space with overlapping smart-contract-escrow mechanics and target customer segment.

Others

• SingularityNET: SingularityNET is an AI-focused blockchain platform and a strategic partner of Chrono.tech. While not a direct competitor, it provides the AI infrastructure underlying LaborX's candidate matching and moderation features and is a critical dependency for Chrono.tech's AI roadmap.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ChronotechNews

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chrono.tech