Chrono.tech was founded in 2016 with the aim of making short-term employment opportunities as easy to access as any other online service. The Sydney-based company was launched after a successful token distribution in 2016. Since then, Chrono.tech has built a suite of tools and services to facilitate recruitment, invoicing, and payments, with a labor-hire platform LaborX, Plasma-based platform TimeX, and cryptocurrency payroll solution PaymentX to facilitate cost-effective transactions and improve quality and reliability. The TIME token, the native token of the Chrono.tech ecosystem, was upgraded to the new ERC677 standard in November 2020, enabling it to be integrated with other DeFi protocols, facilitating cost-effective transactions, and providing other advantages, while remaining fully ERC20-compatible.