ChangeX, a hybrid DeFi project, has reached its initial coin offering hard cap quota in only 25 days – two months ahead of schedule. The public sale of the CHANGE token, which is being offered at a fixed price of $0.016, has now reached oversubscription territory, with the ICO open for remaining members and new investors until May 31.
The CHANGE token’s initial coin offering (ICO), which began on February 28th, was conducted on ChangeX’s proprietary launch platform. Due to the project’s significant potential and the strong interest from ChangeX’s retail investor community, the hard cap quota of $2.4M was met in exactly 25 days. A separate batch of 50 million CHANGE tokens has been set aside for institutional investors and venture capitalists, and will be put into circulation at a later date.
The CHANGE token is the utility and governance token of the ChangeX app – a CeDeFi ecosystem that will bring DeFi, crypto, and banking together under one roof, making it simple to enter the world of decentralised finance. The ChangeX non-custodial wallet will be at its heart, embodying true composability by introducing all tools required to navigate the DeFi space. The wallet includes personal IBAN and SEPA integration, a Crypto Visa card, cross-chain functionality, and a variety of DeFi tools, including the first-ever Leveraged Staking.
The CHANGE token is deflationary in nature and is based on an HRC20 token (HydraChain). By enabling cross-chain operations in the app, the token will act as a bridge between the end-user and the blockchains. It will also foster synergy between stablecoin lending and staking, with one empowering the other and vice versa. Holders will receive CHANGE tokens as a reward for staking PoS assets in the app, with an APR of 65-80 percent or higher, and access to these DeFi tools will be available with just a few clicks.
“With ChangeX, we want to make DeFi and crypto accessible to everyone.” “The space is still very inaccessible, and DeFi can do so much more,” Mr. Iliev added. “With ChangeX, users will be able to generate passive income like never before, and they will no longer have to switch apps – everything they need will be available right there: their bank account, a hybrid CEX/DEX, and a wallet.”
The CHANGE token is still available for purchase on the ChangeX website for a fixed price of $0.016 until May 31.
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