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== The $CHANGE token == | == The $CHANGE token == | ||
Everything that happens on the ChangeX app is centered towards utilization of the Change Token. $CHANGE facilitates the DeFi products in the ChangeX platform which includes Leveraged staking pools & trading pairs. Basically, all transactions in the app will interact with $CHANGE causing an increase in Demand and APR, while reducing supply. | |||
1. A ~5% network fee generated by the staking pools will be shared to CHANGE token stakers as rewards. The more assets and the bigger the staking pools in the app, the higher the APR of $CHANGE! Thus creating a bridge between the staked inflationary assets and the deflationary economy of CHANGE. The commissions charged to each staking pool for various tokens on different chains (e.g. HYDRA, CAKE, BNT staking pools) in the ChangeX app will be used to buy $CHANGE. These purchased tokens are then distributed to the $CHANGE token stakers as staking rewards. This increases demand for the token and allows for high inflationary APR, while essentially having no inflation. | |||
2. 30% of all trading fees in the app will be used to buy and burn from the total supply of $CHANGE and stimulate deflation. | |||
3. The CHANGE token will act as the governance token for the ChangeX DAO, providing voting rights to users | |||
Every new feature we add will ultimately be connected to the $CHANGE token and will be reflected in its price, so, again, this only invites investors to hold the token and reap the rewards of its price action, while consistently enjoying various benefits just by holding and staking it. We believe that this is a good philosophy for future success and sustainable growth. | |||
You can read more on the website at https://changex.io and this article on Medium https://changex.medium.com/deflationary-token-inflationary-apr-change-tokenomics-leveraged-staking-and-burn-mechanism-90e0da8a36c5 | |||
== Sources == | == Sources == | ||