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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.
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).
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.
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.
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.
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.
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.
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).
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.
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).
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.
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.
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.
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.
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.
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).
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