Review on Time New Bank by David Olayide
Times New Bank: The Time Token
Times new bank(TNB) is a kind of new cryptocurrency, that deals with the marketing of time and by making use of the blockchain technology, it is possible to transmit the value of time through the use of the TNB token. Time New Bank is basically a settlement token used for the transmission of time-value itself on the Miao’A International Timechain (M.I.T) network. The project is built on a revolutionary idea and I have not heard of any thing like this before.
The project was launched in 2018, and TNB has a total supply limit of 4.42 billion TNB and a circulating supply of 3,634,727,418 TNB. As a utility token, TNB makes use of the Proof of Work & Proof of Stake consensus algorithm for it’s sole aim of transacting, commoditization of time and exchanging of time asset which is powered by blockchain technology. The great idea is to create a decentralized platform in which people can sell and buy time.
There is a blockchain ledger that prevents fraudulent activities from happening on the asset exchange. In general I am quite impressed with the whole idea behind the project and I hope to see more improvements to the network. I would like to engage in selling my time as well and I can do this by also making use of the TNB token.
From what I have observed personally, there are a lot of benefits that come with the network. The more important time is to you, the more valuable an asset it is. Therefore the platform can convert your valuable time to time assets by the M.I.T network by making use of the TNB token.
Pros
- TNB token can be used to monetize time
- The token has a very nice structure
- The use of encryption, smart contract makes the project very secure
- The TNB token can be found on top exchanges like Binance, OKEx, and Bitfinex among others.
- TNB operates on the Ethereum platform
Cons
- The price of the TNB token remains very low despite it's attractions.
