Sofia, Bulgaria, March 31, 2022 — Hybrid decentralized finance (DeFi) undertaking ChangeX has reached its preliminary coin providing (ICO) hard-cap quota in solely 25 days — two months forward of schedule. The general public sale of the CHANGE token, provided at a hard and fast value of $0.016, now enters over-subscription territory, with the ICO nonetheless open to all present traders and newcomers till Might 31.
The ICO of the CHANGE token, which began on Feb. 28, was carried out on ChangeX’s proprietary launch platform. The hard-cap quota of $2.4 million was met in precisely 25 days as a result of undertaking’s important potential and the robust curiosity from ChangeX’s neighborhood of retail traders. A separate batch of 50-million CHANGE tokens is reserved for institutional traders and enterprise capital and will probably be put into circulation at a later part.
“Assembly our ICO hard-cap quota this early into the general public sale places us in an important place to streamline improvement and push our advertising efforts ahead,” mentioned Nick Iliev, CEO of ChangeX. “The ChangeX neighborhood and the way shortly we acquired to the place we’re at present exhibits that we now have a really particular product on our arms, and traders acknowledge the alternatives. The undertaking enters an thrilling new part now, and we should always have a working minimal viable product for the ChangeX platform within the subsequent two months.”
The CHANGE token is the utility and governance token of the ChangeX app — a centralized-decentralized finance (CeDeFi) ecosystem, which is able to merge DeFi, crypto and banking underneath one roof, providing straightforward entry into the world of DeFi. At its middle lies the ChangeX noncustodial pockets, which is able to embody true composability by introducing all instruments wanted to navigate the DeFi house. The pockets comes with private Worldwide Financial institution Account Quantity and Single Euro Funds Space integration, a Crypto Visa card, cross-chain performance and numerous DeFi instruments, together with first-ever leveraged staking.
The CHANGE token relies on HRC-20 protocol — HydraChain — and is deflationary in nature. The token will act as a bridge between the end-user and the blockchains by facilitating cross-chain operations within the app. It can additionally create synergy between stablecoin lending and staking, the place one will empower the opposite and vice-versa. CHANGE tokens will probably be airdropped to holders as rewards for staking proof-of-stake property on the app, with APR of 65-80% and better and entry to DeFi instruments accessible with only a few clicks.
“With ChangeX, we need to open the door to DeFi and crypto for everybody. The house remains to be very inaccessible; DeFi can accomplish that far more,“ mentioned Iliev. “With ChangeX, customers will be capable to generate passive earnings like by no means earlier than, and they’re going to now not have to modify apps. Every part they want — their checking account, a hybrid centralized-decentralized trade and a pockets — will probably be accessible proper there.”
The general public sale of the CHANGE token continues till Might 31 on the ChangeX web site, with a hard and fast value of $0.016.
The workforce
ChangeX founders Nick Iliev and Gary Guerassimov have a wealthy historical past of growing profitable fintech options, amongst them xChange.bg — Bulgaria’s main crypto trade. HydraChain and LockTrip co-founders Nikola Alexandrov and Hristo Tenchev are additionally on board, bringing seven years of blockchain expertise to the undertaking. The undertaking’s chief know-how officer, Martin Kuvandzhiev, is likely one of the core builders of Bitcoin Gold, a tough fork of the supply Bitcoin code that introduced decentralization again to retail merchants and made mining by way of widespread GPUs potential once more.
About ChangeX
ChangeX goals to turn into a one-stop-shop for buying and selling, staking, DeFi lending and fiat-to-crypto buying and selling, permitting inexperienced customers to learn from a secure, easy-to-use and mobile-friendly expertise whereas storing, preserving and rising their wealth on their cell gadgets. ChangeX has expertise in growing working blockchain-based options, and the workforce behind it’s well-versed in all issues crypto and fintech.
Contacts:
- Dimitar Rahtaliev, advertising and communications supervisor of ChangeX — dimitar@changex.io
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