Sofia, Bulgaria, March 31, 2022, Chainwire
Hybrid The DeFi ChangeX project has reached its initial coin offering (ICO) hard cap quota in just 25 days – two months ahead of schedule. The general sale of CHANGE tokens, offered at a fixed price of $ 0.016, is now in oversubscription territory, with the ICO still open to all investors and newcomers until May 31st.
The ICO of the CHANGE token, which began on February 28, took place on ChangeX exclusive launch platform. The $ 2.4M hard cap quota was filled in exactly 25 days due to the important potential of the project and the strong interest of the ChangeX retail investor community. A separate batch of 50M CHANGE tokens is reserved for institutional investors and venture capitalists and will be put into circulation at a later stage.
“Completing the ICO hard cap quota at the beginning of this general sale puts us in a good position to accelerate development and drive our marketing efforts.“, said ChangeX CEO Nick Iliev.”The ChangeX community and how fast we’ve reached it now shows that we have a special product on our hands and investors are aware of the opportunity. The project is entering an exciting new phase now, and we need to have a working MVP for the ChangeX platform within the next two months ”. he adds.
The CHANGE token is a utility and governance token from the ChangeX application – the CeDeFi ecosystem, which will integrate DeFi, crypto, and banking under one roof, providing easy access to the world of decentralized finance. In the center is the non-custodial ChangeX wallet, which will contain the correct composition by introducing all the tools needed to navigate the DeFi space. The wallet comes with personal IBAN and SEPA integration, a Crypto Visa card, cross-chain functionality, and a variety of DeFi tools, including the first Leveraged Staking.
The CHANGE token is based on the HRC20 (HydraChain) token and is deflated in nature. The token will serve as a bridge between the end user and the blockchain by facilitating cross-chain operations in the application. It will also create a synergy between stablecoin debt and staking, where one will strengthen the other, and vice versa. A CHANGE token will be sent to its holder as a reward for staking PoS assets in the app, with an APR of 65-80% and higher, and access to this DeFi tool will be available with a few clicks.
“With ChangeX, we want to open the door to DeFi and crypto for everyone. The space is still inaccessible, DeFi could have done much more.added Mr. Iliev. “With ChangeX, users will be able to generate passive income like before, and not have to switch applications again – everything they need: a bank account, a hybrid CEX / DEX, and a wallet – will be available there.”
The general sale of CHANGE tokens continues until May 31 on the ChangeX website with a fixed price of $ 0.016.
ChangeX founders Nick Iliev and Gary Guerassimov have a rich history of developing successful fintech solutions, among them xChange.bg-the leading crypto exchange in Bulgaria. HydraChain and LockTrip founders Nikola Alexandrov and Hristo Tenchev were also on board, bringing seven years of blockchain experience to the project. Project CTO Martin Kuvandzhiev is one of the core developers at Bitcoin Gold – a hard fork of Bitcoin source code, which brings decentralization back to retail merchants and makes mining through a public GPU possible again.
ChangeX aims to be a one-stop shop for trading, staking, DeFi lending, and fiat-to-crypto trading, allowing inexperienced users to benefit from a secure, easy-to-use, and mobile experience while storing, preserving, and increasing their wealth in mobile devices. ChangeX has experience developing blockchain -based solutions, and the team behind it already knows everything about crypto and fintech.
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