Results of TIME Holder Vote on Updated White Paper

Voting Window: February 13, 2018 09:00 UTC - February 27, 2018 00:00 UTC
1 TIME = 1 vote | Validity Threshold: 210,000 TIME (30% of supply)

Blog Post Lock Contract TIME Token

Executive Summary

APPROVED
0
Total TIME Used
215,689.12667265 TIME
0
Yes Votes
211,139.99526861 TIME
0
No Votes
4,549.13140404 TIME
0%
Turnout
of 710,113 TIME supply
0%
Approval Rate
exceeds 30% threshold

Vote Distribution

Top 10 Participants by Net Locked

How Voting Worked

1

Lock TIME Tokens

Send TIME to the lock contract to cast your vote.

2

1 TIME = 1 Vote

Your voting power equals your locked TIME balance.

3

Yes or No

Locked tokens counted as Yes votes for approval.

4

Unlock After Vote

Withdraw your TIME anytime after voting ends.

ChronoMint Integration

The vote was conducted through ChronoMint, the decentralized governance platform for ChronoBank. The lock contract was deployed and managed through ChronoMint's voting module, ensuring transparent and verifiable on-chain governance.

Evidence Timeline

December 2016
TIME Token Crowdsale Begins

ChronoBank's crowdsale of TIME tokens commenced, raising funds for the development of the ChronoBank ecosystem.

February 27, 2017
Token Generation Event

TIME tokens were generated and distributed to crowdsale participants, establishing the initial token holder base.

February 13, 2018 - Block 5,081,980
Voting Window Opens

The voting window for the Updated White Paper opened at 09:00 UTC. TIME holders could begin locking tokens to the designated contract.

View Block on Etherscan
February 27, 2018 - Block 5,162,362
Voting Window Closes

The voting window closed at 00:00 UTC. Final tallies were calculated based on net locked amounts.

View Block on Etherscan
February 2018
Results Announced

ChronoBank published the official results confirming that the Updated White Paper was approved with 97.89% approval and 30.37% turnout.

View Blog Post

On-Chain Evidence

Lock Contract Address
0x1592e638440957034667d9305c6dcf49e5e75dc2
TIME Token Contract
0x6531f133e6deebe7f2dce5a0441aa7ef330b4e53
Token Decimals
8
Block Range
5,081,980 - 5,162,362

Vote Participants

Participants 0
Total Net Locked 0 TIME
Address Deposited Withdrawn Net Locked
Showing 0 of 0 participants All amounts in TIME

Methodology

This data was extracted directly from the Ethereum blockchain by analyzing all ERC-20 Transfer events for the TIME token contract where either the sender or recipient was the lock contract (0x1592...5dc2) during the voting window (blocks 5,081,980 to 5,162,362).

  • Deposits: TIME transfers to the lock contract
  • Withdrawals: TIME transfers from the lock contract
  • Net Locked: Deposits minus Withdrawals (voting power)

Documents & Downloads

Vote Package

On-Chain Data

Appendices

TimeX Exchange

TIME token holders approved the development of TimeX as part of the Updated White Paper vote package.

  • Appendix A described TimeX as a Plasma-based hybrid cryptocurrency exchange.
  • Appendix A stated that TimeX combined the speed and privacy of a centralised system with the security and transparency of a decentralised solution.
  • Appendix A stated that TimeX matched orders centrally for real-time execution and settled trades on-chain for security.
  • Appendix A stated that TimeX aimed to avoid order collisions and front-running issues associated with early decentralised exchanges.
  • Appendix A stated that TimeX was fiat-friendly (bank account/credit card deposits) and supported API access for algorithmic trading.
  • Appendix A stated a maker/taker fee model and cashback/referral mechanics.

LaborX Platform

TIME token holders approved the LaborX direction described in Appendix B as part of the Updated White Paper vote package.

  • Appendix B described LaborX as a global recruitment platform connecting clients and freelancers.
  • Appendix B stated that LaborX enabled crypto payments.
  • Appendix B described a Reputation module providing protections and a feedback system to help users select freelancers and clients.
  • Appendix B described a Smart Contract module for setting work conditions and protecting the relationship via digital escrow, with funds locked when the contract is signed.
  • Appendix B described a Dispute service, allowing users to propose a third-party mediator or to use a mediator provided by LaborX.

Project Funding Note

Approved as part of the TIME Token Holder Voting Results on the Updated ChronoBank White Paper.

Purpose: This document records and formalises a funding and governance resolution approved by TIME token holders as part of the vote on the updated ChronoBank White Paper.

Key Terms

  • Funding Cap: USD 8,000,000 (eight million United States Dollars), including all advances and capitalised interest.
  • Parties: ChronoBank Entity (DAO) and Sergei Sergienko (CEO).
  • Purpose: Core development, software engineering, marketing, partnerships, and business development.
  • Nature: Motivation-based collateralised project funding note (not salary, wages, or dividends).
  • Interest: Arm's-length basis, calculated and capitalised annually, included under the cap.
  • Collateral: Sergei pledges corresponding TIME tokens as security.
  • Repayment: All advances and capitalised interest repayable upon project completion or DAO-determined milestones.
  • No Forgiveness: No amounts may be forgiven or converted to personal benefit without further express token holder approval.

Historical Context

TIME token holders acknowledged that, during the relevant period, access to banking and payment services for cryptocurrency projects was limited or restricted. This resolution authorised Sergei, where reasonably necessary to ensure project continuity and completion, to utilise personal payment arrangements to make project-related payments.

Governance Clarification

The voting results confirmed that the ChronoBank Entity and its core development team are authorised to manage the cryptocurrency proceeds of the crowdsale and to make decisions regarding their allocation and use in order to pursue the objectives described in the White Paper.

  • Hold, transfer, convert, or exchange digital assets raised during the crowdsale.
  • Fund software development, system infrastructure, and technical operations.
  • Enter into legal, contractual, and compliance arrangements required for system operation.
  • Support research, ecosystem development, and third-party integrations.
Risk Acknowledgement: TIME token holders acknowledge that neither the ChronoBank Entity nor any individual member of the core development team provides a personal guarantee regarding the performance, value, or outcomes of the ChronoBank system. Participation involves technological, economic, and regulatory risks.

Conclusion

The TIME token holder vote on the Updated ChronoBank White Paper concluded on February 27, 2018. With 215,689.12667265 TIME participating (30.37% turnout) and 97.89% approval, the Updated White Paper was officially approved. The vote exceeded the validity threshold of 210,000 TIME (30% of total supply), confirming the community's support for the proposed direction including TimeX, LaborX, and associated governance resolutions.