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Difference between revisions of "ChangeX"
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== The $CHANGE Token == | == 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 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'''. | * 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'''. | ||
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The APY currently stand at around '''820%''' as of 14th August 2022, assuming the user re-stakes their earned rewards on a daily basis and is the APY displayed in-app. These rewards are allocated to the stakers on a real time basis and can be claimed at any time. | The APY currently stand at around '''820%''' as of 14th August 2022, assuming the user re-stakes their earned rewards on a daily basis and is the APY displayed in-app. These rewards are allocated to the stakers on a real time basis and can be claimed at any time. | ||
After the 9 month staking reward pool is completed, and as explained above, 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. So, 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 | |||
=== Tokenomics === | === Tokenomics === | ||