DeFi Project ChangeX launches its CHANGE token on Uniswap, HydraDEX with strong investor interest

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Sofia, Bulgaria, August 1, 2022, Chainwire

DeFi ChangeX Project successfully launched its CHANGE token for trading on HydraDEX and Uniswap with strong investor interest, company officials said. The app supports multiple trading pairs to provide a wider range of possibilities for investors, BTC and ETH cross-chain swaps included.

The launch of the CHANGE token comes after ChangeX successfully completed its ICO, defying bear market sentiment. The ICO generated nearly $2 million in proceeds that will fund the company’s operations for at least 24 months, providing a solid financial starting point despite the lackluster market conditions.

CHANGE was introduced to the app on July 19 with in-app staking and reward compounding, paid in CHANGE. The staking APR on release day was in the range of 500% without including the compounding of staking rewards, which naturally resulted in a four-digit return. The launch was met with high demand and in less than 24 hours, 13.2 million tokens were sold on HydraDEX alone, while a total of 11.5 million were staked. Additionally, 1.87 million tokens were sold on Uniswap.

“ChangeX is entering a very exciting phase and we are very pleased with the numbers. We have the app up and running, the token is live, and we’ve reached a very important milestone with staking now available., said ChangeX CEO Nikifor Iliev. “We are aiming for a quick release according to our roadmap, and our developers have been working around the clock to meet the deadlines and deliver the beta version of the app to the community. All this was achieved in less than 6 months, and we are all very proud of it.added Mr. Iliev.

Both iterations of the token surged in the days following the launch of the project, regardless of bearish market conditions, which can be an indicator of the integrity of the project and the strength of its community.

CHANGE and HYDRA are the essential building blocks of the future of ChangeX. Any new features we plan to add to the project will be built around them. A number of basic features will provide a myriad of possibilities that users can use to their advantageadded co-founder Gary Gerasimov. “All of the additions we have planned for the future in our roadmap complement each other and create an all-in-one app ecosystem that runs on interoperability and simplicity. user-friendly platform that provides unprecedented ease of access to DeFi, crypto and traditional finance.

Q3 2022 will see delegated HYDRA staking come to ChangeX, allowing users to access full-fledged staking without the need to set up a node, but with all the benefits that normally come with it. The developer team is also focused on laying the foundations for ChangeX’s open lending market and flagship Leveraged Staking product, which will offer margin positions across multiple assets staked in the app, amplifying the return of a factor of 1.2 to 2x.

The other big thing for ChangeX is to initially become an agent of an electronic money institution (EMI), and eventually get its own license that will allow the company to issue IBANs to users, paving the way for the release of the ChangeX Crypto debit card. The card will work like standard bank cards, allowing users to spend both crypto and fiat from within the app.

If we assume that Revolut was a 1st gen digital asset app and Crypto.com a potential 2nd gen app, then ChangeX tries to establish itself as a 3rd gen app by leveraging powerful DeFi products and making them easily accessible to retail users, HydraChain co-founder Nikola Alexandrov added, outlining ChangeX’s vision for the future.

The ChangeX application is available on the Google Play Store for Android users and on the App store for iOS.

About ChangeX

ChangeX is an all-in-one personal finance mobile app that merges traditional finance, crypto, and DeFi. ChangeX will offer users a personal bank account, access to multi-chain crypto, and high APR DeFi tools such as Leveraged Staking, which could double rewards on all staked assets. ChangeX focuses on passive income and crypto empowerment, and the app will allow users to spend any in-app token on anything through its ChangeX Crypto debit card. Users will be able to lend their stablecoins, use locked and flexible staking, buy and pay with fiat, and trade crypto across multiple chains, all accessible with a few simple clicks.

Follow the project on Twitter and Telegram for more information and regular updates.

The team

ChangeX founders Nick Iliev and Gary Guerassimov have a rich history of developing successful crypto and fintech products, including xChange.bg – Bulgaria’s leading crypto exchange. HydraChain and LockTrip co-founders Nikola Alexandrov and Hristo Tenchev are also on board, each bringing seven years of blockchain experience to the project. The project’s CTO, Martin Kuvandzhiev, is one of the main developers of Bitcoin Gold – a hard fork of the Bitcoin source code, which brought decentralization back to retail traders and made mining via common GPUs possible again.

The advisers

ChangeX’s advisory board includes industry experts from some of the biggest names in crypto, DeFi, and finance. Neil Cunha-Gomes of SoftBank Vision Fund, whose crypto investments include Consensys and Elliptic, worked alongside seasoned experts Dimiter Gurdjilov and Stefan Ivanov to set the company’s strategy and vision. Dimiter Gurdjilov has over 15 years of investment banking, private equity and business development experience at Merrilll Lynch, JPMorgan, George Soros’ Bedminster Capital, NBGI Private Equity and Challenger Capital Management. Stefan Ivanov has over 25 years of experience at Citibank, Banque Paribas and Challenger Capital Management, and was also CEO of Citibank in Bulgaria.

contacts

In charge of marketing and communication

  • Dimitar Rahtaliev
  • EditX
  • dimitar@changex.io

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