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Summary of ChangeX
Key Points
- ChangeX is a multi-chain non-custodial hybrid DeFi/CeFi mobile application.
- CHANGE is the governance token with a fixed supply of 425,000,000 tokens.
- Circulating supply as of July 2022 is around 30,000,000 CHANGE tokens.
- CHANGE tokens are deflationary, with 30% of trading fees used for buy-and-burn mechanism.
- CHANGE provides voting rights for approving new listings and integrations.
Founders and Team
- Founded by a team of crypto veterans with a $600M track record.
About Changex: Empowering a New Era of Cryptocurrency Trading
Introducing ChangeX: A Revolutionary Platform
Introducing ChangeX, a cutting-edge, multi-chain, non-custodial hybrid DeFi/CeFi mobile application that converges the benefits of both decentralized and centralized finance. At its core lies a novel, leveraged staking product, empowering users to unlock up to 2x APR on their existing assets. Additionally, the app features a Visa card, enabling seamless spending of staking income without interrupting the staking process, alongside an integrated bank account for a holistic financial experience.
CHANGE is the governance token of the ChangeX app, serving as the linchpin of our ecosystem and:
- CHANGE boasts a fixed supply and offers an attractive staking APR. By leveraging the inflationary economy of all integrated staking assets within the ChangeX app, CHANGE distributes flexible pool income to its token holders, effectively combining the benefits of a fixed supply with steady staking rewards. To stimulate liquidity and serve as a bridge until the flexible staking pools take effect, a 20M CHANGE staking pool has been reserved for the first 9 months.
- CHANGE is inherently deflationary, with 30% of all crypto-crypto and fiat-crypto trading fees on the ChangeX app allocated to fuel a buy-and-burn mechanism, thereby reducing the total supply over time.
- As a multi-chain token, CHANGE exists in both ERC20 and HRC20 forms, seamlessly bridging the Ethereum and Hydra blockchains.
- CHANGE confers voting rights, empowering holders to participate in the decision-making process for approving new listings and integrating novel leveraged staking assets into the ecosystem.
The Circulating Supply of CHANGE Tokens: An Overview
At genesis in July 2022, a fixed supply of 425,000,000 CHANGE tokens was created, and no additional tokens can be generated. As of July 2022, the circulating supply stands at slightly over 30,000,000 CHANGE tokens, with 74,000 CHANGE tokens released daily from the initial staking pool as staking rewards. The tokens will gradually enter circulation as the cliff period concludes for public sale participants on 30 September 2022 and vesting commences, ultimately unlocking 35.3% of all generated tokens by 30 September 2024. Furthermore, staking rewards will be earned, and other allocations will be unlocked with varying cliff and vesting periods (e.g., IEOs and Tier 1 Institutional investors, accounting for 23.6%). Meanwhile, ChangeX will implement its buy-and-burn mechanism, allocating 30% of all trading fees on the ChangeX app to reduce the total and circulating supply.
The Visionary Founders Behind ChangeX
ChangeX was founded by a team of seasoned crypto experts boasting a remarkable $600 million track record, with extensive expertise in designing and operating blockchain platforms, tokenomics, and orchestrating successful ICOs and IDOs, as well as ensuring crypto compliance, with a rich history dating back to 2011.
At the helm of the organization are CEO, Nick Iliev, and co-founder, Guerassim Guerassimov, who have been successfully managing a centralized crypto platform since 2017 and a DeFi crypto fund since the inception of 2021. The founding team, comprising Nikola Alexandrov and Hristo Tenchev, collectively brings over a decade of expertise in the space, with notable achievements including the Bitcoin7 crypto exchange, Hydra Blockchain, and LockTrip projects. Furthermore, CTO, Martin Kuvandzhiev, boasts an impressive background as one of the core developers of Bitcoin Gold.
As of July 2022, the ChangeX team has expanded to over 20 members, with the developer, marketing, and operations teams continuing to flourish, following the founders’ collaborative efforts that began in late 2021.
Acquiring ChangeX (CHANGE): A Comprehensive Guide to Purchasing Options
CHANGE is now accessible for trading on Uniswap V2 (
https://coinmarketcap.com/exchanges/uniswap-v2/
) and HydraDEX, with listings on multiple centralized exchanges (CEXs) forthcoming in the near term.