Chronoswiss, the family-run Swiss watch brand, has announced a collaboration with Tech Bureau Europe to create five lines of luxurious, crypto-inspired watches.
The watches will be a limited run, with only 101 pieces each, and available exclusively through the cryptocurrency exchange platform Zaif. Oliver Ebstein, CEO, Chronoswiss commented:
“Chronoswiss was founded during the quartz crisis and spitefully developed purely mechanical watches, ever since connecting tradition and vision. Therefore, it appears natural to be curious and open minded about the future. Cryptocurrencies and Blockchain technology are a dazzling aspect of our future that Chronoswiss follows and supports. With its’ homage to cryptocurrencies, Chronoswiss links the roots of traditional watchmaking with the digital revolution of new world currencies.”
Tech Bureau is a Japanese Fintech and cryptocurrency solutions company, which created COMSA, a cryptocurrency fundraising platform built on the NEM protocol, MIJIN (Tech Bureau’s private blockchain), and Ethereum. Tech Bureau has also created Zaif, the exchange which will be hosting the bidding of the 505 watches created by Chronoswiss in the following days. The five lines will each be dedicated to one cryptocurrency, with the five following cryptos selected:
The timepieces will be kept to the same standards as the other offerings from the watch manufacturer, including features seen in other high-end luxury watches. These include:
Regulator movement with off-centre hours and seconds displays
Skeletonized Open Gear technology that makes the regulator mechanism the central design element
Innovative and technically integrated 3-D dial, individually designed for each edition
Logo of the respective Cryptocurrency elaborately skeletonized in the seconds and in the logo print on the dial.
Solid stainless steel case with ultra-hard and scratch-resistant diamondlike carbon coating (5,000 Vickers).
Other features include a red gold-plated rotor with a cryptocurrency logo which can be admired through the sapphire glass back, a logo of the cryptocurrency in the small seconds and in the logo print on the dial, as well as being exclusively handmade by Atelier Lucerne.
The purchasing process for the Chronoswiss watches is akin to anyone buying cryptocurrency on an exchange. The timeframe to put in an order is between April 13th and April 27th. The highest 101 bid orders per model at the end of this two week period will give the respective bidders legal ownership of one crypto-design watch. Any registered user of the Zaif exchange is eligible to bid for one of the watches. The lowest bidding price is the CHF (Swiss Franc) equivalent of 9000, setting the price in the same market as other watches such as the Rolex Submariner family and the Omega Seamaster family.
Bitcoin and Ethereum are sure to fetch the higher prices due to name recognition, but for those who hold no allegiance to a currency, secure a lower bidding price competing for the other options will be easier.
To learn more about Chronoswiss, visit the website
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