A deflationary token, offering inflationary income thanks to its underlying PoS tools — the best of both worlds
The CHANGE initial coin offering is now live! Our subscription phase will be active in the next 3 months and we’ll tell you all about it in the next few minutes, but first…
What is the CHANGE token
CHANGE is the utility and governance token that powers the ChangeX platform. It has a fixed supply and a deflationary nature that will harness the inflationary power of other PoS assets in the platform, resulting in higher APR and income.
The token will also give holders the power to vote on new listings and their integration into the app. CHANGE will have a fixed supply and will tap into the power of the flexible staking pools, redistributing rewards back to holders. Additionally, 30% of all in-app conversion fees will power a buy and burn mechanism to further reduce total supply.
ICO Tokenomics and Details
The CHANGE ICO will have a hard cap of just $2.4M — our goal is not to over-raise, but raise just what we need for the initial development phases:
🚫 No pre-sale;
📈 $0.016 initial price per token;
⚖️ 150M CHANGE tokens for sale;
💳 Deposit for enrollment: 3% of subscribed amount;
💰 Payment: USDT, USDC, UST, BUSD, BTC, BNB, ETH, HYDRA, and more;
📝 $2.4M ICO hard cap;
🔒 $100K cap per user/enrollment;
▶️ Subscription phase starts: 28 February;
⏹ Subscription phase closes: 31 May 2022;
⚙️ Subscription calculation: 1 June 2022;
✉️ Funds commitment deadline: 30 June 2022;
↔️ Liquidity event, DEX offering: 24 hours after the tokensale ends;
🔑 All tokens sold to be released 3 months after the conclusion of the event.
Enroll in the CHANGE ICO here and sign up for the tokensale phase.
ICO Phases
Our ICO started on February 28th and will be active in the next 3 months, with 3 phases for an optimal risk/reward balance for all participants.
Phase 1 — Tokensale Plan
Part 1: Enrollment & Deposit — each participant will enroll the amount he wishes to purchase and will place a small deposit of 3% instead of paying the whole sum.
Part 2: Subscription Calculation — all enrollments will be accounted for and, in case of oversubscription above $2.4M, the quota will be adjusted proportionately for all participants. Thus, if the total enrolled amount is equivalent to e.g. $4.8M, or a 200% oversubscription rate based on the $2.4M hard cap, then the quota for all participants will be halved. Someone who enrolled for $10,000 worth of tokens will therefore only be able to buy $5,000 worth of tokens.
In case of undersubscription, everyone will receive the exact amount of tokens they have pledged for, assuming that the subscription passes the $1.2M soft cap mark.
Part 3: Funds Commitment — after the calculation phase is complete, all participants will have a deadline to commit the remaining 97% of their pledged investment. In case someone fails to commit, he will lose his quota and the 3% deposit that was made at the time of enrollment.
Phase 2 — Liquidity Event
The second phase consists of a DEX offering, scheduled to take place 24 hours after the conclusion of the tokensale, which should give fair terms for all participants to top-up in case they weren’t able to buy their desired amount due to a quota adjustment (oversubscription). Since the event will happen on a DEX, it will be open to everyone and will operate on a first-come, first-serve basis.
Phase 3 — CHANGE Token Staking
The third phase will be initiated together with the liquidity event and 3 months prior to the release of the tokensale supply. A total of 20M CHANGE will be reserved for the first 9 months in order to provide liquidity and act as a bridge until the flexible staking pools come into play. Once the flexible pools are launched, income generated from staking revenue through the integrated PoS assets will take over.
Follow us on Twitter or join the Telegram community and ask us anything. Actually, why not both?
Also, check out our whitepaper to learn more about CHANGE and everything we have in store.
Thanks,
The ChangeX team
