ChangeX (CHANGE)

What Is ChangeX?

ChangeX is a multi-chain, non-custodial hybrid DeFi/CeFi mobile application focused on PoS assets. It offers a unique leveraged staking product that allows up to 2x APR on existing assets, a Visa card to spend staking income without interrupting staking, and an integrated bank account.

CHANGE is the governance token of the ChangeX app and:

• Fixed supply with high staking APR: CHANGE has a fixed supply and offers high staking rewards. It harnesses the inflationary economy of all integrated staking assets within the ChangeX app, distributing flexible pool income to CHANGE token holders. A 20M CHANGE staking pool is reserved for the first 9 months to stimulate liquidity and serve as a bridge until flexible staking pools are introduced.
• Deflationary mechanism: 30% of all crypto-crypto and fiat-crypto trading fees on the ChangeX app are used for a buy-and-burn mechanism, reducing total supply.
• Multi-chain compatibility: CHANGE exists as both ERC20 and HRC20 tokens, making it available on Ethereum and Hydra blockchains.
• Governance and voting rights: Holding CHANGE allows participation in approving new listings and integrating new leveraged staking assets into the ecosystem.

How Many CHANGE Tokens Are in Circulation?

At Genesis in July 2022, 425,000,000 CHANGE tokens were created, with no possibility of additional issuance. As of July 2022, the circulating supply was slightly over 30,000,000 CHANGE tokens, with 74,000 CHANGE released daily from the initial staking pool as staking rewards.

Tokens will gradually enter circulation as the cliff period ends for public sale participants on September 30, 2022, and vesting continues until September 30, 2024 (covering 35.3% of all tokens). Additional allocations will be unlocked under different cliff and vesting periods (e.g., IEOs and Tier 1 institutional investors—23.6%). Meanwhile, ChangeX will apply its buy-and-burn mechanism to 30% of all trading fees, reducing total and circulating supply.

Who Are the Founders of ChangeX?

ChangeX was founded by a team of crypto veterans with a $600M track record in blockchain platform development, tokenomics, ICOs, IDOs, and crypto compliance since 2011.

CEO Nick Iliev and co-founder Guerassim Guerassimov have managed a centralized crypto platform since 2017 and a DeFi crypto fund since early 2021. Founders Nikola Alexandrov and Hristo Tenchev bring over 10 years of experience with projects like Bitcoin7 exchange, Hydra Blockchain, and LockTrip. CTO Martin Kuvandzhiev is one of the core developers of Bitcoin Gold.

The founders began working on ChangeX in late 2021. As of July 2022, the team includes over 20 members, with continued development, marketing, and operations growth.

Where Can I Buy ChangeX (CHANGE)?

CHANGE is available for trading on Uniswap V2 and HydraDEX and will be listed on multiple centralized exchanges (CEXs) in the near future.