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Time New Bank (TNB) is a cryptocurrency (based on the ERC20 standard) for swapping tokens using smart contracts on the MiaoA International Timechain (M.I.T) platform. The Time New Bank cryptocurrency launched on June 30, 2018 with a total supply of 6 billion TNB and was developed by Vincent Lim. Andrew Wong, Chris Weilacker & Best Liang. TNB is a utility token using a combination of Proof-of-Work (PoW) and Proof-of-Stake (PoS) for its consensus mechanism.
TNB allows individuals and corporations to evaluate, manage, and trade their time as a commodity. TNB serves as the currency for transactions on all components of the M.I.T platform, including the M.I.T time commodity exposition platform (entry portal), M.I.T time commodity issuance platform (primary market), M.I.T time commodity exchange (secondary market), and M.I.T time asset exchange (third market).
From November 18, 2017 to November 23, 2017 Time New Bank held their initial coin offering selling approximately $8 million of their platforms native cryptocurrency called TNB.
