ChangeX (CHANGE)

“What Is ChangeX?

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

CHANGE is the governance token of the ChangeX app and:

• CHANGE has a fixed supply and offers high staking APR. It harnesses the inflationary economy of all integrated staking assets within the ChangeX app as ChangeX distributes their flexible pool income to CHANGE token holders, combining the best of both worlds – fixed supply with steady staking rewards. CHANGE has a 20M CHANGE staking pool reserved for the first 9 months in order to stimulate liquidity and act as a bridge until the flexible staking pools come into play.
• CHANGE is deflationary: 30% of all crypto-crypto and fiat-crypto trading fees on the ChangeX app will be used to power a buy-and-burn mechanism and reduce the total supply.
• CHANGE is multi-chain. It has ERC20 and HRC20 tokens and is therefore on both Ethereum and Hydra blockchains.
• CHANGE provides voting rights: Holding CHANGE means you can participate in the process of approving new listings and the integration of new leveraged staking assets into the ecosystem.

How Many CHANGE tokens are in circulation?

There were 425,000,000 CHANGE tokens created at genesis in July 2022 and no more tokens can ever be generated. Circulating supply as of July 2022 is a little more than 30,000,000 CHANGE tokens with 74,000 CHANGE tokens released on a daily basis from the initial staking pool as staking rewards. Tokens will gradually come into circulation as cliff period ends for the public sale participants on 30 Sep 2022 and vesting starts up until 30 Sep 2024 (35.3% of all tokens generated), as staking rewards are earned and as other allocations are unlocked with different cliff and vesting periods (e.g. IEOs and Tier 1 Institutional investors – 23.6%). In the meantime, ChangeX will apply it’s buy-and-burn mechanism to 30% of all trading fees on the ChangeX app to reduce the total and circulating supply.

Who Are the Founders of ChangeX?

ChangeX is founded by a team of crypto veterans with a $600 M track record with expertise in building and operating blockchain platforms, in tokenomics and conducting ICOs and IDOs as well as in crypto compliance since 2011.

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

The founders started working together on ChangeX at the end of 2021 and more than 20 people work at ChangeX as of July 2022, while the developer, marketing and operations team continue to grow.

Where Can I Buy ChangeX (CHANGE)?

CHANGE is available for trading on Uniswap V2 and the HydraDEX and will be listed on a number of CEXs in the near future.”