ChronoLogic is the vision of time merging with the blockchain. It’s an introduction of the concept of Proof-of-Time for blockchain technologies & practical applications. The first phase of the ChronoLogic project is the DAY token afterwhich the concept will be expanded to allow practical implementation of Proof-of-Time by other projects & entities.
- Enabling several industries to include time-based logic on the blockchain - Reward system based on time - Token minting though the passage of time, only for ETH addresses that participate in the ICO - First Crypto Token pegged to time - Ability to transfer minting power to other addresses, trustlessly
ERC-20 Token based on Ethereum
|ICO start date||25 Aug 2017|
|ICO end date||25 Sep 2017|
|Additional Token Emission||No|
ICO funds are used as follows: 42.5% Development & Operations 32.5% Proof-of-Time Blockchain Projects 17.5% Marketing 7.5% Legal & Advisors Team Bonus: TimeMints will be filled as per committed % of DAY token after the Block 2 TimeMints have been fully assigned. Team TimeMints will be given lower ChronoPower than Block 2 TimeMints because of their TimeMint numbers -- in essence they will be receiving the least ChronoPower. Allotted TimeMints: 18 ChronoPower: Based on contribution order between 3217 - 3245 DAY Tokens per Address: 0.5% of the distributed tokens 3 testing TimeMints with 88 DAY each & no vesting period; TimeMint3243, TimeMint3244 & TimeMint3245 Rest of TimeMints have 6 month cliff followed by quarterly vesting for 18 months. For terminology and additional information please read the whitepaper here https://chronologic.network/paper
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