What is Chainge Finance (CHNG) | What is Chainge Finance token | What is CHNG token
Introducing Chainge
Chainge, fueled by the brilliant infrastructure of Fusion, offers coded financial services one tap away. It is the gateway to decentralized, automated finance: the foundation of the upcoming internet-of-value revolution. With Chainge you are in complete control of your assets: no boundaries, no middlemen, just smooth and uncomplicated interaction with your money.
Such ease of use wasn’t possible until now. For years we were stuck with those unaffordable, slow offerings from aged financial institutions. But with ultra-fast progress in automated and distributed ledger technologies, more and more applications are now coming out to improve the relationship between people and their money.
Chainge offers an automated solution for reducing the hassle and time spent on performing complex financial operations, while at the same time keeping your assets secure. It’s based on an access-from-anywhere system in which anyone, with only an internet connection, can benefit from the full freedoms of modern finance.
Even though we’re a private company, Chainge is dedicated to embracing community. So your support, feedback and involvement is crucial to our offering a more valuable, seamless experience.
This is just the beginning of a long journey. We invite everyone to imagine, hope and dream of a new reality through decentralized finance.
Why should you deposit to earn?
As you probably know by now, one of the most important pre-launch features we made available to our users is the Chainge deposit to earn. So, if you’re looking to boost your investment yield while dabbling in the world of crypto, a deposit to earn is a great way for you to dramatically increase your rate of return.
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What makes our deposits so great?
Our deposit to earn feature provides an excellent APY as follows:
· 8.32% APY for BTC (Compound Rate) + 1 CHNG Token as a reward for every 0.000002 BTC Earned.
· 16.18% APY for USDT (Compound Rate) + 1 CHNG Token as a reward for every 0.1 USDT Earned.
Moreover, Chainge guarantees you complete control over your deposits:
You’ll be able to make daily withdraws. Anytime. Anywhere. No strings attached.
You’ll also have the freedom to deposit any amount you want, to which we’ll apply very competitive interest rates if you have:
· A minimum BTC deposit of 0.01BTC.
· Or a minimum USDT deposit of 500 USDT.
And last but not least, if you meet the requirements above, you’ll get a $50 bonus if you’re among the first 1000 depositors.
All you have to do, is create an account on chainge.finance, input your email address and you’ll automatically start earning.
As we speak, Chainge deposits are the absolute safest and most flexible earning solution on the market; because in addition to the high interest rates we provide, your money will be at your disposal to use as you please through daily withdrawals.
And since many of you had quite a lot of inquiries regarding the deposits, here are some of our most frequently asked questions:
If I make daily withdrawals will I still get interest?
Yes. As long as you have more than 500 USDT or 0.01 BTC in your account, you will get interest based on the amount deposited.
How is the daily interest calculated?
The daily interest rate is calculated based on the principal in your account. Everyday 8am GMT, your interest you earned in the past 24 hours will become your principal.
What currency will the interest be paid out in?
Interest will be paid out in the currency you deposit. If you deposit USDT, you get USDT as interest. If you deposit BTC, you’ll get BTC as interest.
On top of that, you’ll receive 1 CHNG for every 0.1 USDT you earn and 0.000002 BTC you earn.
When will I receive the interests from my deposit(s)?
your interest becomes your withdraw-able principal everyday 8am GMT.
What happens when I reach the end of a fixed term?
There is no end of a fixed term. You can withdraw anytime. If you don’t, your deposits will stay put and continue earning for you.
Introducing the Chainge Token (CHNG)
chainge.finance
We are very excited to share more information about the token economy available on Chainge. As expected, Chainge, bringing a new era of automated finance, will introduce a token in our ecosystem. The ticker will be CHNG and we love to call it “chainges”.
Please find below a comprehensive list of questions and answers shedding some light on how the token works. Also, a couple of key points:
- There is no token sale at all.
- The team has no allocation of CHNG.
- CHNG has no value, but a buyback will happen. See details below.
Questions and Answers
Question 1:
Which public blockchain will the CHNG token use?
Answer:
CHNG will use Fusion network (learn more about it, here). But, thanks to Fusion’s brilliant tech and DCRM cross chain technology, CHNG can easily and smoothly be routed to Ethereum Network or BSC (Binance Smart Chain — read more about it, here).
Question 2:
Does the CHNG token have a token sale session?
Answer:
No. CHNG, the Chainge ecosystem token, will not be part of any token sale. All CHNG will be distributed to the community for free, in exchange for performing various tasks that will be requested over time from early adopters.
What tasks do I have to complete to get the CHNG token?
Please read below, we will provide all the details and even more information will be available at the next website update.
Question 3:
Does the team or the company have any allocation of CHNG?
Answer:
No. The team and the company do not have any allocation of CHNG.
Question 4:
How does Chainge, the company, make money?
Answer:
There are multiple ways of monetization for Chainge, as a company. Some of them are evident and can be shared as of now and others are still in progress. More information will be released at a later stage.
To begin with, Chainge users will pay a fee to the company (in a decentralised way) when starting to use the automated financial services built within the application. Examples of such services are cross-chain swaps, getting loans or opening auto aggregations / split accounts with friends and partners.
We are evaluating multiple revenue streams connected to upcoming features. Further details will be shared at a later date.
Question 5:
Does CHNG token have value? Is CHNG a kind of governance token?
Answer:
No, CHNG does not have any value.
However, Chainge, as a company, will use 25% of the profits to buy back from DEX and burn CHNG every quarter. This means that CHNG holders virtually hold 25% shares of Chainge, although CHNG holders do not receive any dividends. But, de facto, using 25% of the Chainge profit to buy back and burn implies that the holders share in the success of the company.
Question 6:
Is there any other usage of the CHNG token?
Answer:
Yes. There will be multiple uses, in progress at the moment and to be shared at a later date, when the application launches.
For now, we can share that CHNG will be used to exempt the fee applied the moment the user benefits from various features of the application. This exemption can be for a longer or shorter time frame and we also reserve the right to add, remove or modify the uses of the CHNG token, in synchronization with the product development and strategy.
Question 7:
How do we get CHNG tokens?
Answer:
We planned a staged release of the product, in order to engage communities, validate various strategies and gather social interest in multiple market segments. We aim to give every early adopters the chance to earn CHNG tokens ahead of the application launch time and use it when the product is out.
Everything will be very simple.
Before the application is out, users will be asked to perform several tasks on the website. For each task they will be rewarded with a specific amount of points. The ratio between a point and a CHNG token is 1:1. All the points collected on the website will be transformed into CHNG tokens at the product launch.
Example: If you collected 1.000 points on the Chainge website, you will have 1.000 CHNG tokens at the time of the launch.
Here are a couple of possible examples of involvement to be requested from early adopters and which can be executed starting with the next version of the website:
I. Joining the waiting list
Staged releases don’t imply that we don’t validate the product concept with the market segments we address. Actually, our purpose is to have a strategic approach in which we enhance security by discovering early stage bugs, developing various mechanisms to control access and, also, validating ideas by exposing the product to a controlled set of segments.
Starting with the next update of the website, the waiting lists will be open. Any early adopter who is interested in being part of the Chainge ecosystem will have the chance to join the waiting list.
The reward for joining the waiting list is 50 points (50 CHNG tokens).
II. Referrals
We will have a referral system in place, which allows any user to ask a friend to sign up and join the waiting list. The reward mechanism for referrals is described below:
A. Referring a direct friend who signs up and joins the waiting list rewards you with 10 points (10 CHNG tokens).
B. For each friend of your friend’s (level 2) who joins the ecosystem, you get 3 extra points (3 CHNG tokens).
C. For each friend of a friend of your friend’s (level 3) who joins the ecosystem, you get an extra 1 point (1 CHNG token).
III. Building your profile
For an early adopter who creates an account on the website, there will be a series of tasks required to build the profile. This profiling part helps us better personalize the Chainge app account and is also linked with various product strategies and marketing efforts intended for a later stage.
Building the profile, like any other task, is not mandatory — so it’s up to each and every one whether they choose to fill in the information and then earn rewards.
III.1. Inputting phone number.
The phone number will be your unique access to the Chainge application. Inputting the phone number early stage (_action to be available starting with our next version of the _website) rewards you with 30 points (30 CHNG tokens).
III.2. Connecting social networks
Early stage adopters will be able to connect on the website various social networks, like Facebook, Twitter, Linkedin, Telegram and Douyin. The reward for connecting these networks is 15 points (15 CHNG tokens) per each network.
III.3. Input the Fusion public address
We are preparing various more incentives accessible to early adopters — to be announced at a later date. The reward for inputting the Fusion public address is 30 points (30 CHNG tokens).
IV. Amplifier
Via our upcoming amplifier system, early stage adopters will be able to participate in our marketing efforts, by amplifying various designated materials that we share.
You spread our news and get rewarded.
Amplifiers are made of a controlled mechanism in which we reserve our rights to post specific content we want amplified, at a specific time. An amplifier may or may not have an end date.
Also, an amplifier can be either an article, a video, a text or a link. More details on the way the system will work specifically are to be released at a later date. Rewards for amplifiers are mentioned below:
For amplifying a specific content you are rewarded with 30 points (30 CHNG tokens). If the amplifier is successful, we provide extra points, as follows:
- 5 extra points (5 CHNG tokens) for every 10 likes on the amplifier.
- 5 extra points (5 CHNG tokens) for every 2 re-shares of the amplifier.
Please note:
- We reserve the right to adjust the rewarding system designed for any of the above tasks.
- More specific and detailed information of each reward category will be available once we roll out the next release of the website.
Question 8:
Which is the total supply of CHNG?
Answer:
Calculating the total supply of CHNG tokens is quite straightforward.
At the app launch date, the total amount of CHNG tokens earned by the community until that time, will be multiplied by 10 and that will be the total supply of CHNG token.
Example: If, by the launch date, the community will have earned 1M of CHNG tokens through performing various requested tasks, the total supply of the CHNG will be 1M x 10 = 10M.
Question 9:
Since the total CHNG tokens earned by the community at the app launch date is 10% of the total supply, what is the rest of the 90% of supply used for?
Answer:
The rest of the 90% of supply will also be distributed to the community, but inside the application.
Specific examples:
- 15% of the total supply will continue to be distributed as rewards for the community, through various other activities performed within the application, such as: Sign up bonus, App referrals mechanism, Amplifiers, Building the profile within the app etc.
- 5% of the total supply will be used to reward the FSN holders + for selected high liquidity pool providers through smart contracts. Users will have to claim CHNG tokens by injecting back end TL (Time-Locked) or liquidity tokens to the smart contract.
- 10% of the total supply will be used to reward different kind of DeFi smart contracts built by 3rd party partners, which are to be integrated in the app. These tokens will be awarded proportionally, based on the amount of income (generated through fees) brought to Chainge.
- 30% of the total supply will be used to reward liquidity (as liquidity farming).
- The rest of the 30% of the total supply will be utilized to reward users who actually use our automated financial instruments built in the app. More details on this, later.
Question 10:
How will the Fusion network benefit from the Chainge app?
Answer:
We don’t attach great importance to the specific cell phone carrier we use, as long as it fulfills our need to communicate. Similarly, massive user adoption in blockchain will not be ultra dependent on which particular network an app is or is not using.
However, Fusion network does provide us with a brilliant infrastructure, designed for the future of finance.
Users will enjoy the extremely low gas fees and smooth tx experience. Also, TL (Time-Lock) and QS (Quantum Swaps) are two unique features of Fusion network, which Chainge will use to provide fantastic, automated finance to mass users. Together with a top class User Experience, Chainge will build the ecosystem for the future of finance.
In return, Chainge will also use 25% of the company profits (beside the portion used to buy back CHNG) to buy FSN from DEX and put it in the balance sheets as assets reserve.
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How and Where to Buy Chainge Finance (CHNG)?
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since CHNG is an altcoin we need to transfer our coins to an exchange that CHNG can be traded. Below is a list of exchanges that offers to trade CHNG in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase CHNG from the Website: https://www.chainge.finance?referral=7e077dba5bf445008c08766f0ebb5ee4
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once CHNG gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
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Find more information CHNG
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🔺DISCLAIMER: Trading Cryptocurrency is VERY risky. Make sure that you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your funds
Learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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