Chainge Finance x Im Community AMA Recap
đ TELEGRAM AMA: Im Community & Chainge Finance đ
â° AMA Timing : 27 August 2021 l 11:00 AM UTC l 18:00 GMT +7
Venue For AMA : https://t.me/imcommunityitw
đ Reward Pool 200 USDT
Bà Tân | : Welcome @Sarahshao, @djqian from Chainge Finance.
Bà Tân | : Welcome everyone. Today Im Community will host AMA with Chainge Finance/
Bà Tân | : Today our guest is: @Sarahshao, @djqian from Chainge Finance/
Sarah Shao : Hi
DJ Qian : Thank you!
Bà Tân | : Please introduce yourself a bit: @Sarahshao, @djqian.
DJ Qian : OK, no prob
DJ Qian : Iâm DJ, my journey in the blockchain industry started in 2013, leading to the foundation of BitSE â one of the first companies to activate in blockchain technology research and development.
QTUM and VeChain are two of the high-impact projects created by BitSE and denominated as âahead of their timeâ by various publications
In 2017, I shifted my attention and efforts towards unlocking and exploring the future of digital finance. Thus, Fusion was born as one of the first movers in the DeFi space, coining the term âcrypto financeâ in its whitepaper released in early 2018.
Chainge Finance is my latest initiative and its main goal revolves around full financial independence and decentralization.
Powered by Fusion DCRM technology, this one-of-a-kind digital finance app will engulf all of the features that users need in order to become their own digital bank and rid themselves of tedious traditional financial processes
From stealth cross-chain transactions, escrow smart contracts & deposits to the Future DEX and Option DEX, Chaingeâs automated financial services will be readily made available through a pristine, smooth UX interface.
In addition to the AMM Spot DEX users will discover the infinite potential behind the Futures DEX and the Option DEX.The Cross-Chain Future DEX will enable users to time frame their assets (such as BTC, ETH & others) and then manage them through smart contracts â which ultimately leads to flawless business transactions or future financial arrangements that are not currently supported by any other blockchain
Moreover, factorings, bonds, futures or bank acceptances will no longer be needed and will be be fully replaced with a faster, safer system that guarantees 100% security & efficiency.
DJ Qian : done
DJ Qian : wow
DJ Qian : you translated so fast
Bà Tân | : Thanks for the introduction.
DJ Qian : no prob
BĂ Tân | : Todayâs AMA will have 3 sessions
Sessions 1: The chat will be muted & the team will introduce themselves then we will ask some introduction questions to the team Chainge Finance
Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1430860352875421697).
Sessions 3: The conversation will open to the community questions and the 5 best questions will be selected.
Bà Tân | : Requirements:
đŁIm Community (https://t.me/imcommunityitw)
đŁChainge Finance (GLOBAL GROUP) (https://t.me/chaingefinance)
đŁChainge Finance News (https://t.me/chaingefinancenews)
đŁChainge Finance Twitter (https://twitter.com/FinanceChainge)
đMore information about Chainge Finance :
đŁWebsite (https://www.chainge.finance/)
đŁMedium (https://chainge-finance.medium.com/)
Bà Tân | : Start session 1 AMA @Sarahshao, @djqian .
Bà Tân | : Question1. Can you briefly describe what is Chainge Finance? We would like to know more about it and how it works.
DJ Qian : aha, sure.
to be honest. Chainge Finance is a mind blowing project.
but let me explain it to you in a simple way
Chainge Finance is a platform for self-financing
in terms of features: it provides several fantastic features
1. Cross-chain roaming â also known as invisible cross-chain feature. This feature allows tokens to move between different chains in a decentralized manner. No matter what chain the coins are on they can go to whatever different chain users want them to go to within seconds.
please allow me to share with you some demo videos
https://t.me/imcommunityitw/1670487
https://t.me/imcommunityitw/1670488
isnât that amazing?
2. Decentralized non-custodial earning feature (through Time-Framing). This functionality is undoubtedly the worldâs safest way to earn, the coins always remaining on the usersâ own address â scam exit-proof, and resistant to flash loan hacks.
actually, we are providing more than 40 different assets on different chains to time frame coins to earn
you not only get interest in the coins you use to time frame but also you will earn CHNG for some specific coins
3. Decentralized exchange â supporting spot and financial derivatives such as futures and options
remember, not only spot DEX
our integrated DEX also supports trading derivatives
futures and options
4. Allowing users to write options in a decentralized way using the coins they have, then trade the options in the DEX and exercise them in a 100% decentralized way.
5. Providing the most convenient and secure way to manage key phrases. Users encrypt their tokens with their own password generating a QR code. The QR code can be imported into Chainge by using the Chainge magic button to scan and decrypt the code using their password. The QR code can be stored on cell phones and any other public cloud service where users could not have stored key phrases before due to security reasons.
6. Providing a very low fee for transferring coins and tokens that previously required high gas fee. Users who transfer BTC, ETH, or other ERC20 tokens with high gas fees can choose to transfer tokens using Chainge when the user and recipient are connected as friends in Chainge C-Link. The operation then only requires FSN as gas (around 0.0002USD per transaction), which is working like a layer 2 network. Fast and low cost.
let me summarize in a pic
done
Bà Tân | : Question2. What products are the Chainge Finance team developing?
DJ Qian : we are developing an app for self-financing
actually everyone could download and install in your phone from google playstore, apple store
And you could also download it from website chainge.finance
itâs an amazing app
not only a wallet, but also an exchange, a defi protocol, and we also provide a lot of other coded finance features.
for example, decentralized escrow service which could be used in international trading
And we are also going to allow users to open bank account abroad remotely later this year
done
Bà Tân | : Question3. What role does the $CHNG token play in your ecosystem? What are the benefits of holding it?
DJ Qian : ok, no prob
CHNG is Chainge Finance token.
Let me explain to you some speciaties of CHNG
1. All CHNG were distributed for free. We never raised money thru selling token. And actually we never sold any token
2. Team doesnât have any allocation for CHNG token
3. No private sale at all
but CHNG token is just like the virtual share of Chainge company
because we use 25% profit to buy back CHNG and burn
and currently, we reward CHNG to those who provide liquidity
And CHNG token is also a governance token as well
currently we have over 50 tokens and 8 chains supported
later we will allow CHNG holders to vote to list tokens, especially to list tokens in our futures and options DEX
done
Bà Tân | : Question4. Could you let us know that CHNG detailed distribution plan and token economy?
DJ Qian : sure.
The detailed distribution/allocation is as follow:
10% of the total supply was distributed to our community by referral rewards or joining the waiting list
actually this part has been distributed already
15% of the total supply will continue to be distributed as rewards for the community, through various other activities performed within the application.
5% of the total supply will be used to reward the FSN holders + for selected high liquidity pool providers through smart contracts. Users will have to claim CHNG tokens by injecting back end TL (Time-Locked) or liquidity tokens to the smart contract.
10% of the total supply will be used to reward different kind of DeFi smart contracts built by 3rd party partners, which are to be integrated in the app. These tokens will be awarded proportionally, based on the amount of income (generated through fees) brought to Chainge
30% of the total supply will be used to reward liquidity (as liquidity farming).
another 30% of the total supply will be utilized to reward users who actually use our automated financial instruments built in the app.
And, the Total CHNG token supply is 814,670,050. The team doesnât have any allocation in advance. Team doesnât have token sale session, all of which are released to the community and users, and whatâs more Chainge takes 25% of the profit to buy backand burn it every quarter.
https://chainge-finance.medium.com/introducing-the-chainge-token-chgs-a4a9203cc272
here is an article explaining it
done
Bà Tân | : Question5. Could you please provide some progress on your Roadmap and what results Chainge Finance has achieved so far ? And any sneak peek into 2021 plans for Chainge Finance?
DJ Qian : we launched app early May
and now we have already supported more than 50 tokens and 8 chains
Time framing to earn supported
Spot DEX and futures DEX supported
actually we have the largest futures pair liquidity in the world
almost 40 million USD value of futures liquidity there
We are about to launch the decentralized options very soon
and starting from Sep
2021. 9 Support more chains for cross chain roaming, like polygon, polkadot, fantom,
Support more assets, up to 500 assets.
Start launch pad for projects in Chainge
2021. 10 Launch decentralized escrow moduleďź
2022. 12 Integrate conventional banking service to allow users to open bank account abroad, and switch digital assets into fiat in bank account and vice versa.
You can watch this video to have a basic view of our progress so far:
https://twitter.com/FinanceChainge/status/1427601220211036200?s=20
there are a lot of great features in app
one of them is time frame to earn. I strongly recommend you to try it
in order to explain the tech
I would like to share one of the videos
https://www.youtube.com/watch?v=c-9G53hWMsg
And you could find a lot of videos in that youtube channel
done
Bà Tân | : End of session 1
Bà Tân | : We will move on to session 2
Bà Tân | : Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1430860352875421697).
BĂ Tân | : Question1. If we want to stake and farm âChainge Finance â how will the profit be calculated? and will Chainge Finance cooperate with DEX AMMs from other projects such as Pancakeswap? @NgcHCao1
DJ Qian : aha, absolutely.
You could find it on our website
https://www.chainge.finance/info/assets
for example
CHNG/USDT pair
it provides over 380% APY for liquidity farming
here I would like to share an APY table the day before yesterday
but always, you could find the dynamic APY on our website
done
Bà Tân | : Question2. I think the #CHNG application is quite complete in bridging across chains, such as #ETH #BSC #Polygon #Fusion #HecoChain and this latest #Fanthom, so are there plans for another chain? What chain do you want to achieve in the near future? @Nadia5401
DJ Qian : yes, we already supported chains like BTC, Ethereum, BSC, HECO, OKExChain, Fantom, Fusion, Polygon
tokens could roam among different chains freely, like USDT, USDC which are almost on all chains
And the entire process only takes seconds
and we will add more and more chains
like Polkadot, Avalaunche
and as I said we will support more than 500 assets
by the end of this year
done
Bà Tân | : Question3. i like STAKING,farming & will always be interested in the Staking where investors get passive income from, so What are the Staking Pool pairs at Chainge Finance? What makes your Staking ecosystem more attractive to investors & connoisseurs of the Staking ecosystem like me? @tanmoy07322405
DJ Qian : we currently have two different pairs
1. spot pairs
usually, user could create any pair for the tokens/coins we support in our app
on our website, you could search the pair here
https://www.chainge.finance/info/assets
2. futures pairs
like BTC/BTC futures (TF-BTC)
USDT/USDT futures (TF-USDT)
âŚ.
almost all tokens have this type of futures pair in Chainge
and itâs the safe pool you could join
no impermant loss at all
but you still can earn like 90% APY with BTC only
I believe it is one of the most interesting thing for users who like to provide liquidity
because itâs not only very profitable
but also extremely safe
the top return rate for futures pairs is in USDT/USDT futures(TF USDT)
currently we have over 20million USDT in the pool
APY is 114%
done
Bà Tân | : Question4.Fund hacking/stealing is always a headache problem on any exchanges trading platforms. So how safety is the fund that is going to be kept on CHNG? What will happen if there is problem with fund of users on CHNG? @SyminuL
DJ Qian : Yeah, I believe all of you have heard so many hacks in the industry recently
most is because your fund is in the smart contract which has problem in code.
ultimately, the most important thing for security is your seed phrase or private key
so Chainge has done a lot of things to provide a safe product since we know Chainge is the home of everyoneâs assets
Utilizing Fusion DCRM technology, Chainge is providing cross chain roaming feature at the highest security level
Not sure if you all know, DCRM technology developed by fusion is the most widely used cross chain technology in the world
Anyswap, Multichain, Nerve, Fantom, they are all using this tech to provide the cross chain bridge service
But Chainge has brought it to a new level
cross chain roaming
And Chainge is also using time framing technology which enables users to trade time. (in futures DEX). Actually loan is also a way to trade time. But almost all the solutions out there are using smart contract to load users funds, once smart contract gets hacked, then all funds gone
but in Chainge, when users earn with time framing feature, your assets are always in your own address
it never leaves your address
thatâs the key for the security
but of course, Chainge also developed a lot of other technology to offer the most secure place for users to keep their assets, for example, you could encrypt your seed phrase into a QR code. And when you want to restore, what you need to do is to use app to scan the QR code and inpu your password
you could then put this on internet
no longer need to use paper to write down your key phrases
easy, convenient and secure!
done
BĂ Tân | : Question5.As one of the feature of your project, time-framing is basically assigning a purpose to a certain amount of wealth for a certain amount of time. So my question is, At this time â do we have our possession over those assigned assets? Are we able to redeem it back whenever we want? @SojappanteND
DJ Qian : always!
as I explained, itâs the way we use to protect usersâ assets
you could only guarantee the security when assets are on your own address, right?
and if you want to liquidate your time framed assets, you could just sell it in DEX
then you get it back immediately
done
Bà Tân | : End of session 2
BĂ Tân | : Weâll move on to session 3
Bà Tân | : Sessions 3: The conversation will open to the community questions and the best questions will be selected.
Bà Tân | : Requirements:
đŁIm Community (https://t.me/imcommunityitw)
đŁChainge Finance (GLOBAL GROUP) (https://t.me/chaingefinance)
đŁChainge Finance News (https://t.me/chaingefinancenews)
đŁChainge Finance Twitter (https://twitter.com/FinanceChainge)
đMore information about Chainge Finance :
đŁWebsite (https://www.chainge.finance/)
đŁMedium (https://chainge-finance.medium.com/)
BĂ Tân | : Donât forget to join the group https://t.me/chaingefinance
Bà Tân | : @Sarahshao, @djqian Pick the 5 best questions and answer it for session 3.
Q1. Q2đđđđťâĽď¸âĽď¸đşđťđşđťđđťđâĽď¸đşâĽď¸đđťđđťđđşâĽď¸âď¸âď¸
At this moment, which one the most Necessary for your project:
1. Investors
2. Community
3. Market/Exchange
and why?
âď¸âď¸
DJ Qian : allow me to answer this question first. because itâs the easiest one.
At this moment, which one the most Necessary for my project?
YOU!
Q2. Is it not it will be the wrong decision to launch the project in this bear market? Every coin going down whether good or bad. How do you see this?
DJ Qian : when you have the passion to change the world. itâs always the right timing to launch a project.
Q3. How can I buy this tokens? Is it available on any exchange?
DJ Qian : in gate.io, bitbox. But I highly encourage you to download our app and start to use.
itâs very easy to buy CHNG in our app
and biggest liqudity is in Chainge app DEX
Q4. How does project increase the tokenâs value, liquidity and utility ? So that it can lead to an increase in token prices ? What is your plan to make your project stable and provide the highest return for investors in the long term ?
DJ Qian : in our project, itâs simple, we always use 25% of profit to buy back CHNG and burn. The scacity of CHNG token will increase its value
Q5. What features/improvements/Betterment are you planning to add to your products in the near future?
DJ Qian : one of the most interesting features we are working on:
open oversea bank account remotely and you could tranform your cryptos into balance in your bank account by clicking a button and vice versa.
I believe friends from Vietnam also need it
you
đJĹhn Lđ : wow so fast ! everything so wonderful
Sarah Shao : Thanks to DJ, thanks to the admin and thank you guys all~~~
Bà Tân | : Thanks for the useful information from @Sarahshao, @djqian
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @chaingefinance for answers.
đJĹhn Lđ : thank for your time @Sarahshao, @djqian
Bà Tân | : IM Community, if you would like to know more about Chainge Finance ! here are some useful links for you:
Official Website: https://www.chainge.finance
Twitter: https://twitter.com/FinanceChainge
Telegram: https://t.me/chaingefinance
Instagram: https://www.instagram.com/chainge.finance/
Medium: https://chainge-finance.medium.com
Facebook : https://www.facebook.com/chainge.finance
Youtube: httpshttps://www.youtube.com/channel/UCJ_QksB3XxV2Pi0NPniT_Yw
IM Community, if you would like to know more about Chainge Finance ! here are some useful links for you:
Official Website: https://www.chainge.finance
Twitter: https://twitter.com/FinanceChainge
Telegram: https://t.me/chaingefinance
Instagram: https://www.instagram.com/chainge.finance/
Medium: https://chainge-finance.medium.com
Facebook : https://www.facebook.com/chainge.finance
Youtube: httpshttps://www.youtube.com/channel/UCJ_QksB3XxV2Pi0NPniT_Yw
Bà Tân | : Allright, I declare the Im Community AMA with Chainge Finance has ended.
Thanks to @Sarahshao, @djqian | Chainge Finance joined us and provided us with Chainge Finance information, we hope that this knowledge makes us understand more about https://www.chainge.finance (https://www.chainge.finance/)
To the members, thank you for following this event to the end. winners will be announced soon.
BĂ Tân | : Todayâs AMA winners please PM @quocnguyen1234 to provide reward information. Thanks everyone .
