Understand Chainge in Three Minutes: Creating a High-Freedom "Self-Finance" Platform

Maybe at the beginning of the DeFi concept, the vision of "reconstructing financial markets on-chain" was not optimistic, but after more than a year of rapid development, the current TVL of DeFi has reached nearly $100 billion, almost achieving this goal.

However, behind the prosperous development of DeFi Lego, the term "isolation" has been frequently mentioned. In addition to the relative fragmentation between different blockchains, the cumbersome interaction experience of fund transfers between Layer 1 and Layer 2, as well as between projects, has become a problem that DeFi must solve to achieve a new round of breakthrough growth.

What Chainge does is provide a solution that makes the DeFi participation experience comparable to centralized financial products, allowing investors to only focus on the risks and returns of the financial products they purchase, without being troubled by the transfer of funds and other preliminary steps.

What is Chainge?

Chainge is an aggregation platform for DeFi applications, but unlike most existing DeFi aggregators, Chainge has launched a series of unique features such as cross-chain roaming, time-slicing earning functions, a "full-category DEX" that is highly friendly to derivatives, and encrypted mnemonic QR codes. These explorations in niche areas are the core innovations of Chainge and give it a special identity as a "composite track player."

Users can achieve "value interconnection" on the Chainge platform. Chainge can help users and enterprises create more imaginative financial derivatives more conveniently, or build products that better meet the needs of different users. Chainge defines this goal as the concept of "self-banking" or "self-finance."

Chainge has launched a decentralized trading platform that supports trading of financial derivatives such as spot and futures options, achieving DEX support for futures derivatives through innovative time-slicing technology, and allowing users to issue, trade, and exercise options in a decentralized manner through self-innovated code.

Additionally, Chainge's deposit interest products have already been launched. According to information from the official website, Chainge will also launch a series of features in the future, including decentralized code escrow payments, compliant international fiat deposits and withdrawals, and socialized private key management.

To better eliminate the aforementioned "isolation" problem, Chainge has launched a cross-chain roaming feature using DCRM cross-chain technology, which allows users' assets to complete cross-chain transfers in seconds while ensuring decentralization. This will effectively enhance the efficiency of users' capital utilization and provide a strong infrastructure guarantee for building a truly "self-banking" financial aggregation platform.

Achieving "Seamless Cross-Chain" with Cross-Chain Roaming

The cross-chain roaming feature allows users to minimize their awareness of the "cross-chain" action, achieving a so-called "invisible cross-chain" experience. In addition to effectively simplifying the complexity of user interactions on-chain, cross-chain roaming can also reduce cross-chain costs and lower the possibility of losing tokens due to erroneous operations caused by complex multi-step processes. Furthermore, Chainge's cross-chain feature can better protect user privacy.

When a user wants to roam their assets from Chain A to Chain B, their assets on Chain A will be sent to an address controlled by multiple nodes. Nodes with the same private key shards will deploy transactions on Chain B and send the assets to the user. This process will be completed very quickly in the background, significantly optimizing the user's cross-chain transfer experience.

The user experience of this service is comparable to the user balances of centralized exchanges. However, unlike centralized exchanges that clone user assets simply and use centralized servers to provide services, Chainge's cross-chain roaming feature is completely decentralized.

In simple terms, when users engage in on-chain transactions, provide liquidity, and mint financial derivatives, they do not need to prepare assets on a specific chain. Even if their assets are distributed across five or more chains, they can still operate directly. This means that users can transfer USDT from multiple chains like BSC/HECO/Polygon to Arbitrum with one click and immediately transfer it back. Cross-chain roaming allows tokens to move between different chains in a decentralized manner within seconds, without having to transfer through cross-chain bridges and wait for hours or even days. Moreover, these cross-chain actions on these chains will also be completed automatically in the "background."

Currently, Polygon and OEC have already started using this cross-chain technology, and more chains will be supported in the future.

Team

Chainge's founder, DJ Qian, has extensive experience in the blockchain industry, having founded BitSE (QTUM & VeChain) and served as CEO. He is also the founder and CEO of Chainge Finance and FUSION Foundation, as well as a co-founder of Anyswap, and previously served as the general manager of IBM China's Western Industry Division.

CTO Hunter Ling was a senior technician at Hikvision. CMO Sarah Shao was the CMO of the investment team at DFG Group and also served as a listing manager at OKEx. Product Director Vlad Tirla is a senior product designer. Chief Brand Officer Oana Batran previously worked at Apple as a language auditor and brand consultant.

Token: CHNG

The total supply of the native token CHNG issued by Chainge is 814,670,050 (approximately 814 million), of which 81,467,005 CHNG will be distributed to community users before the official application launch (accounting for 10% of the total supply). The Chainge system will charge a fee of 0.1% from user interactions, but each quarter, the system will use 25% of its revenue profits to repurchase CHNG from the secondary market and destroy it.

Chainge will not conduct private placements or other forms of early distribution of CHNG, and the team will not reserve tokens. The 10% of tokens distributed to the community are the initial circulating tokens in the market. According to official data, the number of effective addresses for token distribution has reached 560,906, with users distributed across more than 200 countries and regions.

According to statistics from Google, the active user count on the Chainge.Finance official website is quite considerable in Southeast Asia and East Asia, with Vietnam, China, and India ranking in the top three for active users. Most countries and regions worldwide, except for some areas in Africa and Greenland, have achieved user coverage. Currently, the official daily active user count is around 20,000.

Summary

Chainge aims to create an application and platform that allows anyone to become a "self-banking" entity, enabling people to achieve value interconnection through Chainge. Regardless of the type of financial service needed, it can be created through Chainge's high degree of freedom and matched on the platform to find suitable counterparties. This also represents a significant step forward for DeFi towards "de-intermediation," potentially becoming a new model for code-driven automated financial services.