Chainge Finance is a decentralized finance (DeFi) platform that utilizes blockchain technology to automate and facilitate financial operations. The platform allows users to execute financial transactions, including transfers, swaps, lending, and borrowing, decentralized through the “Chainge app,” its primary feature.

Chainge Finance has become a prominent participant in the Decentralized Finance (DeFi) sector, aiming to increase user control over their finances and simplify crypto trading. Established in 2023, Chainge is marketed as a comprehensive DeFi platform that provides various services to ensure a seamless user experience.

What is Chainge?

Chainge Finance, a DeFi application operating on the Fusion blockchain, is the first decentralized cross-chain platform that offers users a level of simplicity comparable to that of Netflix through Fusion DCRM technology.

Chainge has a single non-KYC mobile wallet that can be downloaded and used in seconds. This wallet includes an entirely decentralized escrow service, broader banking facilities, and an aggregated DEX, Futures DEX, and Options DEX. It grants users complete possession of their assets. Additionally, they offer users the ability to interact with financial products without the involvement of intermediaries.

Benefits of Chainge Finance

Chainge Finance provides users with numerous prospective benefits. They include;

• Convenience: The cross-chain DEX aggregation and built-in wallet streamline the DeFi experience, potentially saving users time and effort.
• Potentially reduced fees: Chainge can help users reduce transaction fees by identifying the most favorable conversion rates across DEXs.
• Accessibility: The user-friendly interface can make DeFi more accessible to users who are new to the field.
• Passive income opportunities: Through automated financial services, users can generate passive income from their crypto holdings.

Services and Features of Chainge Finance

DeFi protocols are generally of limited utility, whether they are limitations on assets, chains, functionality, or overall usability. Chainge has elevated the standard in the DeFi industry by thoroughly integrating Fusion’s DCRM technology with smart contract technology. This has resulted in the implementation of a variety of critical features. It has an integrated platform that accommodates a variety of DeFi requirements, including:

Cross-Chain DEX Aggregation

The cross-chain aggregator is an automated exchange mechanism that can search the market for the most competitive prices. It conducts an instantaneous scan of more than 20 DEXs. In the past, users verified the best prices manually, and even after they discovered the best, they may need more liquidity to execute their trade.

Chainge is a cross-chain DEX aggregator noted for its exceptional liquidity. It eliminates the necessity of manually searching for deals on individual DEXs by integrating with multiple decentralized exchanges (DEXs) to locate the most advantageous trade rates across various blockchains.

Chainge’s Fusion DCRM technology eliminates the need for users to know or care about the chains utilized for transactions or exchanges. In addition to reducing costs associated with intermediaries or third parties, replacing intermediaries with smart contracts eliminates the need to place trust in them.

Chainge Finance resolves the obstacles above by consolidating liquidity across ten chains, offering users a comprehensive solution that functions as both a user-friendly wallet and a cross-chain aggregated DEX that provides various asset management tools.

Currently, the Chainge DEX aggregates liquidity across nine chains from 20 DEXs and one aggregator in the following manner:

The DEX Trilogy

The Spot DEX

The Chainge Spot Decentralized Exchange (DEX) is a peer-to-peer (P2P) marketplace that facilitates cryptocurrency exchange between buyers and merchants. Unlike centralized exchanges (CEXs), Chainge’s decentralized platform is non-custodial, which means that users always maintain authority over their assets and private keys during transactions.

The Chainge DEX utilizes smart contracts that self-execute under predetermined conditions and record each transaction to the blockchain in the absence of a central authority. These financial products are groundbreaking in the crypto industry, as they are entirely secure.

These are a few of the benefits of the Chainge Spot DEX:

• User Experience
• The Chainge DEX is a non-custodial diversity
• Trustworthy transactions

The Futures DEX

Chainge is distinguished from virtually all other products by its Futures DEX. This is the point at which the time-framing function can generate future projections for current capital. It is important to note that this is an exclusive feature of Chainge Finance, as it is integrated with Fusion technology.

The capacity to Time-Frame (TF) is a revolutionary, distinctive FUSION innovation unparalleled in traditional or digital finance. Its objective is to allow users to generate and implement their financial projections at any moment.

The Options DEX

As an alternative to the crypto community, DEX is an entirely novel concept. Users can write and exercise options. An online form allows users to apply to list options for a specific token with a requested exercise price.

Time-Framing

The FRC758 protocol’s Time-Frame feature is a revolutionary, unique fusion innovation unparalleled in traditional or digital finance. It undoubtedly serves as a foundational component of Chainge Finance. Change uses this new technology to make it easier to express value more precisely, enabling users to manage their money in the future and increase the value of their wealth over time.

When users stake through Chainge, the front end of their assets is transferred to the smart contract, while the back end remains secure in their wallet. For instance, the time frame function enables the division of any value into specified time frames, such as the period from the present moment to six months from now. This allows users to optimize their future wealth by leveraging their current wealth.

Chainge Finance offers additional services and features, such as:

• Quantum Swaps
• Decentralized Escrow Service

How Does Chainge Finance Work?

Chainge Finance’s ultimate objective is to enable users to establish their digital institutions. Chainge provides an automated financial service that allows users to enjoy complete independence and security.

Chainge Finance deploys aggregator smart contracts on the 11 chains and 33 dexes. The smart router then queries the aggregators and ascertains the real-time liquidity for the A/B pair in all DEXs on each chain when a user wishes to exchange token A for token B.

The smart router will then yield the most advantageous trade and cost-effective gas to execute the order. For instance, until the total swap amount of token A is reached, a specific quantity of token A is swapped in any combination on Ethereum, in Uniswap + Sushiswap DEXs, and on Binance Side Chain in Pancake DEX.

The subsequent procedures will be implemented after the user’s order placement:

• Token A is wrapped into the fusion chain (no matter what chain token A is on)
• The transaction to burn all tokens into universal assets on fusion is signed
• The burn receipt invokes distinct proxy swap smart contracts on each chain, utilizing token A on those chains to effectuate the swap.
• The swap order will be executed within the slippage margin. If the slippage margin is exceeded, the swap deal will only be partially completed, and the user will promptly receive the remaining portion of A tokens.

The smart router subsequently determines the optimal path to ensure the user receives the highest possible token B amount when exchanging token A. Additionally, the user can capitalize on the aggregate liquidity of all DEXes on all integrated chains, as the transaction is divided into numerous swaps on distinct chains.

The Chainge Finance Team

DJ Qian is the CEO and founder of Chainge Finance. He transitioned to tech entrepreneurship after concluding a 12-year tenure at IBM, holding executive and GM positions.

DJ Qian has also co-founded Anyswap, VeChain, and QTUM since 2013. He is also the founder of Fusion, a cross-chain blockchain platform at the vanguard of Chainge Finance.

Vlad Tirla serves as the product director and partner at Chainge. He was previously the design manager at The Shape.

Oana Batran is the Chief Brand Officer of Chainge Finance. Her previous position was as creative director at WriteCut.

Hunter Ling serves as the Chief Technical Officer. He was previously employed as a senior software engineer at Hikvision.

Xianzhen Zhu is the Chief Innovation Officer and previously served as the CEO of Zlement for eight years. Zlement, which he established, was explicitly designed to assist start-ups.

The Chainge Finance Wallet

The Change wallet is self-custodial, meaning users always control their assets entirely. It is exceedingly straightforward to configure, and there are two alternatives: beginner mode and expert mode.

Beginner mode is intended to facilitate enrollment for users with minimal crypto experience who prefer to avoid dealing with the complications of seed phrases. They merely establish a six-digit passcode and proceed. The seed phrase is encrypted with the passcode and stored on IPFS, guaranteeing the wallet’s security.

In the expert mode, users can administer and store their seed phrases. The seed phrase should be maintained in a secure and protected manner at all times, particularly for those new to crypto wallets. If the users lose their device or forget their passcode, they will be unable to retrieve their funds if they lose their seed phrase.

Sending and receiving assets through the Chainge wallet is a straightforward process that can be accomplished in various ways, including using a Chainge contact, a blockchain address, a phone number, or even a Twitter account.

Tokenomics

The Chainge token (XCHNG) is issued on the Fusion blockchain, the sole standard and the world’s first implementation of actual Time Frame technology, FRC-758.

Some users who signed up for and used the Chainge Finance website generated every XCHNG coin. After that, the AI system weeded out all the fake or fraudulent accounts. The project team members decided that 814,670,000 XCHNG tokens would be released. Before the app launched, the community won 81,467,005, making up 10% of the total supply.

Every three months, 25% of Chainge’s income will be used to buy back XCHNG from DEX and burn it. This means users who own XCHNG have a stake in about 25% of the Chainge shares but don’t get any income. However, the fact that 25% of Chainge’s income is used to buy back and burn tokens means that the people who own them have a stake in the company’s success.

How do I Buy XCHNG Tokens?

• Go to Gate.io Exchange and create an account by entering your email ID and password.
• Set up your fund password by entering settings; this password will be asked during fund withdrawal.
• To buy XCHNG tokens, you must complete KYC with the proper documents.
• After KYC, go to Spot Trade, search for XCHNG, and select.
• After opening the new page, fill in the amount in XCHNG or USDT you want to buy, and click the buy button.
• After a successful buy, go to the Wallet > Withdraw page.
• Here, select XCHNG, and then enter the wallet address.
• It will ask you for your fund password, 2FA, and email code; enter them correctly and submit.
• Your XCHNG will arrive in your wallet after a few confirmations.

Conclusion

Chainge Finance is a decentralized finance application that operates on the Fusion blockchain. It gives users complete authority over their assets and the ability to interact with innovative financial instruments without intermediaries.

In addition, Chainge offers various financial services, including cross-chain decentralized escrows that can be widely applied to the crypto OTC market, freelance websites, domain transfers, international trading, and more. These services significantly simplify daily business transactions and enhance users’ financial health.