Recapitulation of CHAINGE FINANCE PROJECT AMA event held at AMA LOVERS CLUB.

Venue: https://t.me/amaloversclub
Date: Thursday, 11th March, 2021
Time: 16:00 UTC

The CHAINGE FINANCE PROJECT team was represented by @Sarahshao who judiciously shared with us detailed knowledge and information about CHAINGE FINANCE PROJECT.

1st Segment: INTRODUCTION

Q1: Can you please introduce yourself and your background, also introduce the team working on Chainge Finance?

ANS: I am Sarah, CMO of Chainge. Joined this industry mid 2017. That’s not the short time to this industry. I've been worked for OKEX the top exchange and DFG group a good investing company for years. I'm a exceled at marketing and strategy.

What makes me happy is that the projects I work for now has been greatly developed during these months.
No matter public blockchain ETH, EOS, Polkadot or the project , Chainge, we are steadily approaching the first massive adoption of blockchain technology.

Chainge is going to build an app targeting to realize mass adoption of “DeFi” for everyone. With Chainge, simply everything finance. You yourself is your own digital/crypto bank, while Chainge is providing coded and automated finance service to you and your connected ones. This is what we called “self banking”, “self financing” age.

Q2: How big is the team working on Chainge finance project?

ANS: Mainly we have two core team, The dev team works in SHanghai office and the Product team works in Europe. but if we take it into count, we have lots of members all over the world, In Russia we have marketing team, In Vietnam and Inida we have branding team too.

So our team members worked totally decentralized , haha.

Q3: Can you introduce Chainge Finance, what critical problems does it solve that existing Defi solutions are not solving and what's the competitive advantage?

ANS: Yes, It’s highly possible that most of you don’t know we started journey of “DeFi” late 2017, early 2018, which is pretty popular today. It came from a question in my mind that “Why was everybody talking about cryptocurrency but no one was thinking about crypto finance”.

That’s why we created the public blockchain Fusion to serve as the innfrastructure of “crypto finance”, which was live June 2019 with technology DCRM, Time Lock (Time Frame), Quantum Swap, and etc. And it is the only live network with cross chain feature to help anyone to exchange value across different chains/systems and time with another one who he doesn’t know.

Today, defi becomes more and more interesting. We have seen DEX, decentralized loan, vault farming, also stable coins…all different type of DeFi components.
However we still see there are big challenges in this area.

1. Too many Chains. BSC, HECO, Ethereum, Fusion…. Cross chain becomes more and more a nightmare for everyone since you might be confused on which chain your assets is.

2. UX sucks. There are only 10% of ppl have tackled with DeFi among all people who hold cryptos because the UX is really bad, not speaking of regular massive internet users.
3. DeFi components we see today are only small sparks of real DeFi I can imagine. It has not been interacting and serving main stream business.

As a typical and currently one of the most valuable application areas of blockchain, DeFi is having a profound impact on the financial industry little by little.

From my perspective, it will be more like the impact which internet brought to media.

From my perspective, it will be more like the impact which internet brought to media.

As we all know, 25 years ago we needed to rely on centralized institutions like newspaper, magazine and TV station to create contents and distribute contents thru them after it is created. Not surprisingly, internet changed it completely. Today we see social media like twitter, Facebook and even TG here today allows you and me to create contents and distribute to anyone else all over the world within seconds. We call it the age of self media.

When blockchain technology makes value digitization possible, we see the trend that “self banking” or “self financing” age is coming.

So Chainge is going to build an app targeting to realize mass adoption of “DeFi” for everyone. With Chainge, simply everything finance. You yourself is your own digital/crypto bank

There is a video we made probably could help you to have a basic concept what Chainge is doing https://www.youtube.com/watch?v=7WiFNQFZJzw&t=40s.

Q4: Can you briefly describe the top milestones you have achieved and your target milestones with timelines, also share your roadmap?

ANS: We started our project Jan 6th. With Chainge’s IIPO (Initial Influential Power Offering), in a little bit more than 2 months, we have 34K twitter followers. 29K+ppl in our main telegram channel with more than 5K online simultaneously all the time. 1.4million+ real users in our waiting list waiting for app release. Speaking of which, we highly welcome you to join our main channel to take a look and follow our official twitter account to see those posts with more than 20K retweets.

https://twitter.com/FinanceChainge/status/1371827968700465158

https://t.me/amaloversclub/125037

From the very beginning, we will release the decentralized deposit to earn and a cross chain futures DEX integrated

Afterwards we will release a series of coded and automated finance services including decentralized escrow, decentralized revnue sharing, decentralized group payments....

Then we will integrate with crypto banks to allow users to open overseas bank accuonts remotely, with which users could switch your fiat to crypto/stable coins by clicking a button and vice versa...

Q5: How does chainge finance deal with other DEX's current obstacles to accessing DeFi services: high gas cost with on-chain transactions, liquidity being fragmented to various protocols and services, trade fee, subpart UI/UX and lack of efficient market-making mechanisms?

ANS: We have seen DEX, decentralized loan, vault farming, also stable coins…all different type of DeFi components.
However we still see there are big challenges in this area
And I myself I see the challenges of DeFi today.
But my dream is to build an useful application for the world leading it to the age of “self banking” It could serve as the finance world in the most efficient way with lowest cost.

Of course we had challenges. The biggest one is how to build the bridge between conventional finance world and digital world.
As we all see, governments and financial institutions, even regular ppl are too familiar with what they are running and using today.
So changing the habbit is a big challenge. So we spend a lot of time to polish our product.

1. Too many Chains. BSC, HECO, Ethereum, Fusion…. Cross chain becomes more and more a nightmare for everyone since you might be confused on which chain your assets is.
2. UX sucks. There are only 10% of ppl have tackled with DeFi among all people who hold cryptos because the UX is really bad, not speaking of regular massive internet users.
3. DeFi components we see today are only small sparks of real DeFi I can imagine. It has not been interacting and serving main stream business.
As a typical and currently one of the most valuable application areas of blockchain, DeFi is having a profound impact on the financial industry little by little.

Yes, I think these above I've already mentioned in previous answer, haha...

Q6: Can you share your fundraising situation and how your private and public offering tokens are distributed?

ANS: Chainge is very special. DJ himself is funding this project. And we have not opened fundraising to VC yet because we think we have enough fund and we don’t need them yet. And we have no private sale or public offerings.

All CHNG tokens are to be distributed to community free. We won’t sell a single CHNG because team or company don’t have any CHNG allocation. I, the founder of Chainge, also need to earn CHNG in the same way as you do

There are a couple of different ways to earn CHNG free. You don’t have to pay any money to buy.

1. Join our waiting list for Chainge app. We will distribute our app according to your rank in waiting list.(but it's nearly getting close, you can still get referral rewards by the end of March) so pls hurry.

2. Connect your social medias to complete your profiles

3. Refer your friends to join

4. Amplify Chainge official designated tweets thru your twitter account.

5. Deposit to earn. You could deposit BTC to earn 8.32% APY and USDT to earn 16.18% APY. On top of it, you earn 1 CHNG for each 0.1 USDT you earn and 1 CHNG for each 0.000002 BTC you earn.

Here is an article explaining it. Fyi
https://chainge-finance.medium.com/the-driving-force-behind-chainge-our-marvellous-community-6568cb7ad751

And I would also like to share some videos which might be useful for you.

Join the Waiting List
https://www.youtube.com/watch?v=9bbzAXppZkA
Use your Influential Power
https://www.youtube.com/watch?v=IZXCou686Zc
Amplify Chainge
https://www.youtube.com/watch?v=dPDOt3my5Fc
Deposit to Earn
https://www.youtube.com/watch?v=8jsLLOvDXZE.

Q7: Could you tell us what is required for a user to be able to stake? Up to how much % could it generate annually? How can we engage with Chainge to earn more?

ANS: Yeah, we provide unique “deposit to earn” feature. Currently, you are able to deposit BTC and USDT to earn APY.

8.32% APY for BTC and 16.18% APY for USDT. Interest paid out in the currency you deposit. I believe you see it is almost the highest APY in the market. Actually those interest comes from the arbitrage profit, so it is completely safe.

And even more amazing is that we allow users to withdraw anytime and we settle the withdraw daily. That’s extremely flexible.

On top of it you are also earning CHNG when you earn interest in the currency you deposit.

Let me show you the expecting return rate based on difference prices CHNG could be in the future:

When CHNG=0.1 USDT, your actual APY is 32.36% for USDT and 16.64% for BTC

When CHNG=1 USDT, your actual APY is 177.98% for USDT and 91.52% for BTC

When CHNG= 10 USDT, your actual APY is 1634.18% for USDT and 840.32% for BTC.
That’s really appealing.

https://t.me/amaloversclub/125074

https://twitter.com/FinanceChainge/status/1371771954508795908?s=20

2nd Segment: LIVE Questions

Q1: What are the key features to be expected in the chainage app that is set to be launched in April?

ANS: Good quesions, we are gonna launch our mobile app in Apr which enable users excited is our new features:
1, Cross Chain Dex, Future Dex and Option Dex
2, Decentralized Escrow
3, Decentralized revenue Sharing
4, Decentralized Deposit to Earn
and so on

All these functionalities will be live version by version. Stay tuned...

Q2: How will ChaingeFinance create a digital services platform to provide the best user experiences? What is the biggest difference between you all over other financial platforms?

ANS: Hi. thanks for asking
In terms of Technology,
1. Chainge is using Fusion DCRM technology with better UX for cross chain in stealth mode. Users don’t need to worry about different chains. It will take care of it in background so as to provide users what you want to know most. Recently, my project fusion is collaborating with Andre Cronje to provide this service to multichain.xyz. Fusion’s DCRM tech is the only live real cross chain tech.

Q3: You mean gradually as the app is been updated?

ANS: Yes.

Q4: Chainge has over 1million people on the waitlist, this shows a massive support and acceptance from the community...Were you expecting such huge support or it came as surprise?

ANS: I must say we didn't ecpect it at first. but when we keep going on we found that community is the core of our project. usually a project get funded from VC and use VC’s money to get users, and then earn money from users to pay VC back with huge profit. But in our project, users are VCs. The difference is we don’t need your money, we need you. So absolutely we will take community feedbacks and demands very seriously.

Q5: I read some articles on medium where you made mentioned that chainge application launch is expected to be in March however that seems to have been postponed till April.. Are you facing any big obstacle while building the application?

ANS: NO, not facing some problems but we re meking our mobile app better. You know we re developping some big features as I mentioned

Yep, I answer one more since I think lots of ppl will have the same query with the guy.

Follow Us On Our Various Social Media Communities For More Update;

If anyone have more query welcome to join Chiange's TG https://t.me/chaingefinance for help

Twitter: https://twitter.com/FinanceChainge/status/1374408715529429002?s=20

YouTube: https://www.youtube.com/watch?v=Puae8aghlsM&t=7s

You asked. We answer. (Chainge Q&A)
https://chainge-finance.medium.com/you-asked-we-answer-3eeef77c8c6d

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