What is Chainge Finance? Chainge Finance is a DeFi application built on the Fushion Protocol to provide users with full control over assets, without the need for an intermediary through another party.
To understand more about Chainge Finance, people can read some of the articles below:
- What is Etherfi? Overview of Etherfi Cryptocurrency
- What is Nostra Finance? Overview of Cryptocurrency Nostra Finance
- What is Liquidity Pool? Lifeblood of the DeFi Market
What is Chainge Finance?
Overview of Chainge Finance
Chainge Finance is a DeFi application built on the Fushion Protocol in the context of many ongoing projects that are bridges between blockchains, but there are still many shortcomings in terms of transaction time and fees as well as security. Financial control is not free, so Chainge Finance was born to give users full control over assets, without the need for an intermediary through another party.
Chainge Finance built their dapp to literally help users act like a bank, allowing them to control transactions and receive the best support.
Chainge Finance’s operating mechanism
Chainge Finance’s operating mechanism includes the following products:
- Cross-chain Wallet: Where users can send and receive various supported assets
- Cross-chain DEX: Where users can trade Spot – trade Futures – trade Options), with this feature the community can limit the maximum price slippage Chainge Finance
- Liquidity Pools: Users can deposit their assets into a pool at Chainge Finance with available exchanges such as CHNG/USDT, TF-ETH/ETH, TF-BUSD/BUSD… to earn profits every day
- Escrow contract: Known as a market, the community can conveniently exchange and buy pre-agreed goods, services or more specifically Crypto OTC
The Chainge Finance difference
Chainge Finance’s differences include the following factors:
- Chainge Finance supports 30 different block chains, while opening up many trading pairs and high performance to help users operate smoothly on dapps and minimize price slippage when lacking liquidity on trading pairs.
- Chainge Finace also solves problems such as lack of onchain liquidity and cross-chain bridge congestion when in use, which means when a transaction is established on a trading pair that lacks liquidity or is overloaded. Because there are too many users, Finance will immediately aggregate liquidity and then withdraw liquidity from the aggregated chains to process it for users as quickly as possible without causing large losses to their assets.
- In particular, all project tokens are held by the community, with no influence from the project and division of tokens to the project team. Chainge Finance will use 25% of profits to buy back from DEX and burn CHNG every quarter.
Chainge Finance development roadmap
Update…
Investors
June 18, 2021 Chainge Finance conducted IDO on Gate.io at a price of $0.07 and raised $400M
Core Team
- Dj qian: Founder / CEO Fusion Foundation, Chainge Finance, Co-Founder of Anyswap; Founder of BitSE, (VeChain & QTUM).
- Vlad Tirla: partner and product manager of Chainge Finance; Senior Product Designer.
- Oana Batran: CBO / CMO of Chainge Finance; Former creative director at WriteCut, Brand Consultant.
- Hunter Ling: CTO of Chainge Finance. Former senior technician at Hikvision.
- King Zhu – CIO: Worked in the telecommunications industry before I enrolled in CEIBS in a variety of roles in software development, from engineer to department manager.
Tokenomics
Information about Chainge Finance’s tokens
- Token Name: CHNG
- Ticker: CHNG
- Blockchain: Fusion network
- Token type: Utility, Governance
- Contract: 0x05573124c64c69d85687152b2942bcb0a3b26d99
- Total Supply: 814,670,050
Chainge Fiance token Allocation
- 10% reward to the community before the application product is deployed
- 15% reward for product experience
- 5% rewards to liquidity pool providers and FSN holders
- 10% bonus for 3rd party partners
- 30% is used to provide liquidity for the project
- 30% reward for real users in Chainge Finance
Token Release
Update…
Token Use Case
- Gas Fee: $CHNG is used as gas fee like other exchanges on Chainge Finance’s platform
- Staking: users can deposit $CHNG and receive interest every day
- DEX Trading (Spot – Future – Option): Generate profit interest on the protocol
- Administration: users holding $CHNG can vote and propose ideas directly to the project
Exchanges
Currently $CHNG tokens are being traded on exchanges: Gate.io, MEXC, Bibox
Project Information Channel
- Twitter: https://twitter.com/FinanceChainge
- Telegram: https://t.me/chaingefinance
- Medium: https://chainge-finance.medium.com/
- Website: https://hub.chainge.finance/
Summary
Chainge Finance is a DEFI project implemented with the purpose of being able to secure users’ assets separately and not be affected by the control of any other third party while also helping users earn money. get consistent margins in their product protocol.
Through this article, you probably have some basic information about the Chainge Finance project to make your own investment decisions, and leave comments and suggestions for yourself in the next articles. Please!