ChangeX

ChangeX Logo

ChangeX is a one stop super app for all Crypto, DeFi, and traditional Banking needs, with an ultra user-friendly experience. Combining compliant CeFi with true DeFi elements, ChangeX looks to streamline the crypto experience for everyone. Built on the Hydra Chain, ChangeX launched on 19th July 2022 and they are introducing unique products like Leveraged Staking for up to 2x the APR, along with a Crypto Visa Card connected to POS Assets, Cross-Chain swaps, One Click Crypto to Fiat Trading and Personal IBAN via SEPA amongst other things.

The average person on the street, will likely have heard about Bitcoin and the blockchain, but will they know about decentralized exchanges, liquidity mining, the concept of staking or automated market makers? The gap between the mainstream user and the ever accelerating pace of innovation is widening every day. This gap acts as a technological entry barrier, even for the majority of crypto holders (or interested audiences).

ChangeX realizes that the step from “fiat banking” to “crypto ownership” is only half the journey and that the hurdles from “crypto ownership” to “DeFi participation” are equally significant. The philosophy of ChangeX is to act as a bridge between the blockchain and the end user by removing all entry barriers and offering a simple user experience. Read WhitePaper

Products & Services:

ChangeX will act as a bridge between the fiat and crypto worlds, making it easier for “traditional bank customers” to turn into “crypto hodlers” and then from “crypto hodlers” to become true “DeFi participants”. As a core product philosophy, ChangeX will incorporate elements of centralized finance to act as a simple and uncomplicated fiat gateway, offering a seamless mobile-first experience, which unlocks the power of DeFi in just a few clicks.

1. Truly non-custodial Multi-Chain Wallet

Tester

2. Hydra DEX Connectivity

Tester

3. Cross-Chain Crypto-to-Crypto Conversion

Made possible by utilizing the power of DeFi Liquidity Pools. Direct buying and selling will be supported for all major crypto assets based on current best quote and without any hidden costs.

Currently with a few pairs, namely CHANGE / HYDRA, CHANGE / BTC (Cross Chain), CHANGE / ETH (Cross Chain), CHANGE / DAI

Upcoming Features:

• Multi-Chain Staking Pools

Tester

• Multi-Chain Leveraged Staking with 2x APR

ChangeX is one of the first apps that designs leveraged positions for staking and liquidity mining products. You will be able to select your leverage in one click from inside the ChangeX app and enjoy a much higher APR, with up to 2x boost. This leveraged staking technology will create a bridge between the stablecoin lenders, the stakers, and the protocol block rewards, merging all involved parties for mutual benefit.

• Fiat-to-Crypto Conversion

A product focused on simplifying the conversion experience for first-time users

An easy to use fiat-to-crypto conversion mechanism, which will enable EUR and USD transfers for direct purchases on virtual pairs that will be created through the use of DeFi liquidity pools.

For instance, a HYDRA:EUR pair would be available by the utilization of a two-hop conversion:

1st hop: EUR-to-USDT via high liquidity exchanges such as Kraken; 2nd hop: USDT-to-HYDRA via existing liquidity (Kucoin, Gate.io or Hydra Dex).

The users taking advantage of the fiat conversion product would avoid the process of opening exchange accounts and deal with order books and cross-exchange withdrawals/transfers. The user will also be automatically taking advantage of the highest liquidity on the market, as the exchange product will be optimized to utilize the lowest possible slippage

• Hybrid CEX/DEX Cross-Chain Crypto-to-Crypto Conversion

Made possible by utilizing the power of DeFi Liquidity Pools. Direct buying and selling will be supported for all major crypto assets based on current best quote and without any hidden costs.

• Savings Product (Stablecoin Staking)

Harnessing a basket of highly liquid assets

ChangeX will provide its users the ability to deposit idle stablecoin assets into an “Earn” feature for a fixed interest rate. This savings mechanism will distribute the deposited funds into DeFi products that offer appealing liquidity mining and inflationary mechanisms for stimulating growth.

• Open Lending Market

A bridge between stablecoins and PoS assets in the app.

Margin accounts used for Leveraged Staking will require borrowing stablecoin assets and would in turn result in an attractive APR for the stablecoin lenders.

The Leveraged Staking product being one-of-a-kind will technically create a bridge between stablecoins and the inflationary economy of PoS assets. In a successful scenario, and if demand for leveraged staking is high, that on its end would drive the demand for sustainable lending

• ChangeX Crypto Visa Card

Dynamic spending on staked assets (no need to unstake) without impairing APR and without the need for cumbersome transfers in and out of multiple exchanges.

Flexible staking in the ChangeX app will offer the ability to hold and stake assets while maintaining immediate access to them for day-to-day spending.

You could stake HYDRA securely and be able to spend ad-hoc and wherever you need to. A Visa payment will micro transact the matching amount that is required for settlement and will liquidate it through the best possible liquidity sources.

• IBAN & SEPA Banking

The ChangeX team’s extensive experience in running a fiat-to-crypto exchange, together with all relevant compliance and licensing frameworks, will be used as a fundament for obtaining an Electronic Money Institution (EMI) license and bundling SEPA EUR bank accounts to all qualified users. The end goal is to have a personal IBAN as well as a wallet that you can trust on

The $CHANGE Token

CHANGE is Deflationary and Multi-Chain. 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.

CHANGE is Deflationary and Multi-Chain. 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.

• An ~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.
• 30% of all trading fees in the app will be used to buy and burn from the total supply of $CHANGE and stimulate deflation.
• 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

Staking

A pool of 20M CHANGE tokens is reserved for the first 9 months (which started from 19th July 2022) in order to stimulate liquidity and act as a bridge until the flexible staking pools come into play.

The APY currently stand at around 820% as of 14th August 2022

Tokenomics

An ICO was conducted between March and June of 2022

Tokenomics

Allocation	Quantity	Percentage	Vesting Period
Public Sale	150,000,000	35.3%	0 to 2 Years
Treasury	97,500,000	22.9%	2 Years
Tier 1 Institutional Investors	50,000,000	11.8%	12 months with 15% release each month thereafter
Launchpad & IEO	50,000,000	11.8%	0-24 months (Similar to public sale)
Liquidity	30,000,000	7.1%	None
Founders & Team	22,500,000	5.3%	2 Years
Staking Pool	20,000,000	4.7%	Gradual Release of 74,000 Tokens per day for 9 months
Airdrop	5,000,000	1.2%	None, to be used for Marketing Purposes

Sources

1. Hydra Chain

2. https://changex.io

3. https://firebasestorage.googleapis.com/v0/b/changex-io.appspot.com/o/changex-whitepaper-v4.pdf?alt=media&token=85d7033d-ce62-4fd2-aefd-b50f2a7585303

4. https://changex.medium.com/