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Difference between revisions of "ChangeX"
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[[File: | [[File:ChangexLogo.png|alt=ChangeX Logo|thumb|180x180px|ChangeX Logo]] | ||
ChangeX is a one stop, hybrid ecosystem with a super app for all Crypto, [[Decentralized Finance|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). | 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). | ||
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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 === | ||
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== History / The Backstory == | == History / The Backstory == | ||
A crypto veteran team with a track record of three successful projects ([[Hydra Chain]], [[LockTrip]], [[Bitcoin Gold]]) undertook the development of this next-generation product that provides a seamless experience for unlocking crypto’s most powerful DeFi and CeFi features in combination with traditional banking with SEPA functionality and a Crypto Visa Card. | A crypto veteran team with a track record of three successful projects ([[Hydra Chain]], [[LockTrip]], [[Bitcoin Gold]]) undertook the development of this next-generation product that provides a seamless experience for unlocking crypto’s most powerful DeFi and CeFi features in combination with traditional banking with SEPA functionality and a Crypto Visa Card. The Team and the parent company that held the ICO and owns the IP is based in Bulgaria and will be primarily handling most of the De-fi related services. ChangeX will also be working via their Lithuanian entity which will handle the crypto-fiat exchange and other fiat-related services such as the card and IBAN due to the country's crypto-friendly regulations. | ||
ChangeX aims to become a one-stop shop for trading, staking, DeFi lending, and fiat-to-crypto trading, allowing inexperienced users to benefit from a safe, easy-to-use, and mobile-friendly experience while storing, preserving, and growing their wealth on their mobile device. ChangeX has experience in developing working blockchain-based solutions, and the team behind is well-versed in all things crypto and fintech | ChangeX aims to become a one-stop shop for trading, staking, DeFi lending, and fiat-to-crypto trading, allowing inexperienced users to benefit from a safe, easy-to-use, and mobile-friendly experience while storing, preserving, and growing their wealth on their mobile device. ChangeX has experience in developing working blockchain-based solutions, and the team behind is well-versed in all things crypto and fintech | ||