The Fusion blockchain that Chainge runs on is the only cross-chain technology in commercial use that can seamlessly move assets from one chain to another.
Introducing Chainge Finance
Chainge Finance is a Decentralized Finance (DeFi) application running on the Fusion blockchain with their DCRM technology that grants users complete control over their assets, as well as 100% freedom to easily interact with innovative financial instruments with no intermediaries. (focused on cross-chain tech, Time-Framing, Decentralized Exchange (DEX) & Derivatives like Futures and Options).
Chainge’s cross-chain roaming feature eliminates the need for users to worry about what chain their tokens exist on. Trading, adding liquidity, performing transactions (and in the very near future writing & exercising options) can be easily done regardless of which blockchain your tokens are on.
Chainge’s unique technology has already been adopted by notable partners such as Polygon and OKEx, with more to come in the future as they see the potential behind this one of a kind tech.
Key Features
Cross-Chain Roaming
The DEX (Spot, Futures & Options)
Decentralized Non-Custodial Earning (Time-Framing)
Secure Key Phrase Management
What is Cross-Chain Roaming?
“Cross-Chain Roaming” is a functionality that allows users to make cross-chain exchanges and transactions, all while operating completely behind-the-scenes/anonymous – or as the protocol calls it, in “stealth mode”.
“When a user wants to roam their assets from chain 1 to chain 2, his assets on chain 1 will be sent to an address which is controlled by multi nodes, and the same nodes who each has a private key sharding will sign the transaction on chain 2 to send the asset to the user – which means the whole process is 100% decentralized, safe and extremely easy to use,” Dj Qian, Chainge Finance CEO explains.
What this translates to is that all cross-chain activity is “hands-free”: users can make their transactions as if they were a single-chain activity. The multi-node system handles all of the functions a user would normally have to if they were using other cross-chain bridges. This saves both time and funds for Chainge users.
Complex Trading Tools
Chainge offers a series of trading tools that are increasingly complex. These tools are simplified for user operation and rely on the same behind-the-scenes functionality that Cross-Chain Roaming boasts. These tools include options, spot and futures, as well as standard tools like DEX swapping.
Decentralized Non-Custodial Earning
This feature allows users to earn via time-framing. This form of earning is considered safer than others due to the fact that the coins/tokens always remain on the earners’ address. Some of the other benefits of this form of earning include flexibility, high APY%, and instant gains. Users who wish to learn more about Chainge’s non-custodial earning can check out their informative video on the feature.
Secure Key-Phrase Management
The Chainge app is currently providing the most convenient and secure way to manage key phrases. Once users have entered Chainge’s ‘expert mode’, they can generate a QR code which can be scanned into Chainge and decrypted with a user-created password. Absolutely no one else can decrypt it except for the user who generated said QR code.
This is the main reason why this QR code can be stored on cell phones and any other public cloud services. Because even if someone else manages to find it, there is no foreseeable way for them to decrypt it.
The CHNG Token
Chainge Finance is governed by the CHNG token. CHNG is issued on the FUSION Foundation blockchain, the first adopter of FRC-758 or time-frame technology.
Change has held no Initial Coin Offerings (ICOs) or private sales. This ensures that the general market determines the valuation of the token, preventing price manipulation.
Tokenomics
Token: CHNG
Total Emitted Supply: 814,670,050
Total Earned By Community: 81,467,005 (10%)
Community/Earn Rewards: 15%
FSN Holder/Liquidity Provider Rewards: 5%
3rd Party Partner Rewards: 10%
Liquidity Farming Rewards: 30%
Automated Finance Tool Rewards: 30%
CHNG Supply Management
Chainge will quarterly use 25% of the profits to buy back CHNG from the DEX and burn it. This means that CHNG holders virtually hold 25% of the Chainge shares, although CHNG holders do not receive any dividends. But, de facto, using 25% of the Chainge revenue to buy back and burn tokens implies that the holders share in the success of the company.
Concluding Thoughts
Chainge offers a unique service for DeFi users, especially those who use more than one blockchain. By maintaining full transparency regarding distribution as well as ensuring a fair launch with no private sales, Change has demonstrated their desire to truly benefit the DeFi community.
To learn more about Chainge Finance, visit the following links:
Source : bsc.news
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