CeDeFi Project ChangeX Fulfills ICO Quota 2 Months Before Schedule

Hybrid DeFi project ChangeX has reached its initial coin offering (ICO) hard cap quota in only 25 days – two months ahead of schedule. The public sale, at a fixed price $0.016, of the CHANGE token enters oversubscription territory. However, the ICO remains open to existing investors as well as newcomers, until 31 May.

The ICO of the CHANGE token, which started on 28 February, was carried out on ChangeX’s proprietary launch platform. The hard cap quota of $2.4M was filled in exactly 25 days due to the project’s significant potential and the strong interest from ChangeX’s community of retail investors. Separate batches of 50M CHANGE tokens are reserved for institutional investors and venture capital. They will be made available in a later phase.

“Meeting our ICO hard cap quota this early into the public sale puts us in a great position to streamline development and push our marketing efforts forward”, said ChangeX CEO Nick Iliev. “The ChangeX community and how quickly we got to where we are today shows that we have a very special product on our hands and investors recognize the opportunities. The project enters an exciting new phase now, and we should have a working MVP for the ChangeX platform in the next two months”, he added.

The CHANGE token is the utility and governance token of the ChangeX app – a CeDeFi ecosystem, which will merge DeFi, crypto, and banking under one roof, offering easy entry into the world of decentralized finance. The ChangeX wallet is the non-custodial part of the ecosystem. This wallet will provide all the tools required to navigate the DeFi world and embody true composability. The wallet includes a personal IBAN and SEPA Integration, a Crypto Visa card and cross-chain functionality. There are also various DeFi tools like first-ever leveraged Staking.

The CHANGE token, which is based on a HRC20 token (HydraChain), is deflationary. It will facilitate cross-chain operations within the app and act as a bridge between end-users and blockchains. It will create synergy between stablecoin borrowing and staking where each will be empowered and vice versa. As rewards for using the app to stake PoS assets, holders will receive CHANGE tokens. They will have an APR of 65-80% or higher and will allow them to access these DeFi tools with just a few clicks.

“With ChangeX, we want to open the door to DeFi and crypto for everyone. The space is still very inaccessible, DeFi can do so much more”, added Mr. Iliev. “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: their bank account, a hybrid CEX/DEX, and a wallet – will be available right there.”

The public sale for the CHANGE token will continue until 31 May via the ChangeX website at a fixed price $0.016

ChangeX’s Team

ChangeX founders Nick Iliev and Gary Guerassimov have a rich history of developing successful fintech solutions, among them xChange.bg – Bulgaria’s leading crypto exchange. Hristo Tenchev and Nikola Alexandrov, LockTrip cofounders, are also joining the board. They bring seven years of experience in blockchain to the project. The project’s CTO Martin Kuvandzhiev is one of the core developers at Bitcoin Gold – a hard fork of the source Bitcoin code, which brought decentralization back to retail traders and made mining via common GPUs possible again.

About ChangeX

ChangeX’s goal is to be a one stop shop for trading and staking, DeFi lending and fiat to crypto trading. This will allow inexperienced users to take advantage of a safe, simple-to-use and mobile-friendly environment while also storing, conserving, and growing their wealth. ChangeX is a team of experts in crypto and fintech and has developed working blockchain-based solutions.

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