I presume readers are already aware of Chainge. Even if you are not, you need to get into it soon enough to get free points transformed into CHNG tokens. If not, at least be prepared to get some tokens early because this project offers novel solutions and boasts mass adoption potential. Why might you ask?
I will lay it plain and simple. No word mincing, just straight talk. The investment world is changing. Many banks are no longer able to guarantee growth that makes life-savings accounts worthwhile over the short or long term. Investments that give you life-changing returns are never guaranteed when dealing with conventional investment vehicles.
What if investments could be coded? What if algorithms could scour decentralized finance products to present users the best investment all from a single point? What if these investments were locked-in with smart contract technology with guaranteed results for as long as the user wants to be tied in?
A recent opinion piece on ft.com by Brian Brooks, the current US Comptroller of the Currency and former Coinbase executive, hypothesizes a future borne out of optimism. One of the “self-driving banks” that usher in an era of coded banking, eliminating error, stopping discrimination, and achieving universal access for all. Chainge Finance has the technology and is fully positioned to do this, not in the future, but now.
The reality is that they need to hit the right notes to scale with users and impress regulators. To do this Chainge presents a concept free from the risk of fraud or corruption because it is fully automated, removing the human factor from decision making. To achieve this, it is run entirely on smart contracts.
Compared with traditional contracts, blockchain-based smart contracts are more deterministic, removing the reliance on trusting an intermediary’s reputation (and jurisdiction in case of contract dispute settlements). They are also speedier because they are executed seconds after the initial criteria are met regardless of the time of day/week. Costs are another advantage of smart contracts over traditional contracts because intermediary costs are eliminated as smart contracts can hold funds, removing the need for 3rd party custodian services. In conventional banking, teams are stood up to validate each contract for fraud. Smart contracts are verified on the blockchain through the cryptographic digital signatures of tokens and wallets. They are immutable once deployed and are reusable until they are replaced with an updated contract.
Chainge will harness the full power of smart contract technology. This is because it is built on the Fusion Protocol, an Ethereum forked infrastructure layer. Fusion was created to underpin a crypto-financial age that has ushered in an epoch of asset digitization. This network focuses on the need for end-to-end decentralization.
Using DCRM, Chainge will enable end-users to achieve cross-chain interoperability within a single wallet. This facilitates a broader range of banking services not seen in any mass-market product so far. We can cite a host of applications that enable Ethereum based DeFi transactions. They are ERC20 tokens or tokens wrapped to the Ethereum blockchain, often with 3rd party custodian flaws negating end-to-end decentralization claims. With Chainge, a 3rd party custodian is not required because DCRM from Fusion enables sharding of wallet keys for signing cross-chain multi-signature algorithms across multiple nodes allowing for funds to be stored securely in the smart contracts themselves.
Without a heavy reliance on Ethereum as the de facto protocol for decentralized finance, Chainge will offer much cheaper transaction costs. A myriad of exchange transactions can also be done on Fusion, Binance Smart Chain, Huobi Eco Chain, OKExChain, Fantom with the multiple tokens at a fraction of the cost of Ethereum. Chainge’s use of DCRM enables 95% of existing tokens to be ported to the app allowing native features of various chains to be harnessed within the app.
One of such features poised for deployment in this new app is Fusion Protocol’s Time-lock. A feature that showcases digitized assets, and the time value of money (TVM). This feature will underpin time-value for digitized assets in the same way it is effectively captured by today’s financial instruments like equities, bonds, and derivatives, thus unleashing new possibilities. This unequivocally suggests that money in your hand is worth more today than that at some point in the future.
Quantum Swap is another piece in the Chainge jigsaw. Exclusive to tokens locked onto the Fusion chain, Quantum Swap enables users of Chainge to perform peer-to-peer OTC/over-the-counter trades and swaps. For added security, the app will also ensure that only verified tokens can be locked in.
With out-of-the-box smart contract templates, users will be able to code financial services like OTC trades and cross-chain swaps, provide liquidity, or leverage escrow services and loans. Chainge will create a new dynamic with the automation of finance for business or social engagement. I foresee mainstream user scenarios where collateralized assets can be liquidated easily on delinquent debts ensuring loan providers are not left nursing losses from bad debts. The concept of self-driving banks that allows savers to stop shopping around for the best interest rates by having algorithms do this for them is here.
So what are the upsides to a bank that enables users to have more control over their savings?
Chainge will offer users an annual percentage yield of 8.32% for BTC and 16.18% for USDT deposits and enable them draw from their interests daily. Chainge will also support a smart contract factory to facilitate user execution out-of-the-box escrow, collateral, and loan features.
Available 24/7, Chainge’s decentralized and trustless escrow service will mitigate 3rd party trust issues and service costs. Today, a buyer dares not buy BTC from a seller unless they find an escrow service provider they trust, which comes with a 2–3% handling charge. With Chainge, people can transact their escrow business without knowing or meeting each other with a low as 0.1% fee. Trust issues are eliminated with funds stored in decentralized escrow smart contracts verified by both parties.
With the proliferation of decentralized finance, providing liquidity in a decentralized exchange or smart loan contract should not be the mainstay of the crypto enthusiast alone. Chainge will enable the everyday user to leverage the value in their wealth effectively. Chainge will realize the concept of ‘everyone could be a market maker’, making the process of providing liquidity more user-friendly than seen on any web platform or digital wallet so far.
Existing bank regulations are in place to mitigate potential human failings. As we usher in this new self-driving banking era, we can expect many shapeshifting governance and protections> These will come from the different regional financial regulatory bodies to bring some semblance of order. While this 21st-century regulation comes into play, the argument for a self-regulating and autonomous service that mitigates the issues current regulations are in place to protect cannot be overlooked.
Time for Chainge is now. While the rest of the world plays catch-up, it may just be the timely moment to embark on a journey into the future where universal access is achieved without discrimination, and human error is eliminated.
A simple call to action is to join the link or scan the QR above to receive a small bag of CHNG referral tokens for joining the waiting list
No pre-sale or initial coins have ever been offered, so grab them while 10% of the total supply is on offer.
Register here: Chainge Finance
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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MDEX is the decentralized exchange (DEX) platform built on Heco, the Huobi exchange blockchain. It is strategically positioned as the optimal choice for Eco-token transactions and the largest DeFi ecosystem with DEX, IMO, and DAO integration.
It is a decentralized exchange based on Automated Market Maker (AMM) technology on the HECO and Binance Smart Chain (BSC) with a tune of over $5 billion in total value locked. They aim to create cross-chain compatibility between leading chains to create a composite DEX ecosystem.
MDEX became the first project to integrate a dual mining mechanisms into its ecosystem. It utilizes a Liquidity and Transaction mining mechanism:
Liquidity Mining: Various liquidity pairs are available on its LP mining platform, including LP and single stakes. Currently, the platform holds one of the largest TVLs on the Heco chain. They offer a wide range of LP tokens available in the Heco ecosystem.
Its APYs are the largest on the Heco chain and quite competitive with other Dexes available in other chains. Users can start accessing the LP mining incentives and APYs by connecting to the pool.
Transaction Mining: MDEX is the first platform to integrate transaction mining which rewards users for transacting on the platform. By trading using the DEX, users get rewarded for all trade actions done on the DEX.
High APY revenue of transaction mining up till 26th Feb 2021 (source: mdex.com)
Decentralized Autonomous Organization (DAO): MDEX runs a DAO structure using its token MDX to achieve governance. MDX holders can propose to initiate a token listing by voting or collateralizing.
Initial Miner Offering (IMO): Similar to the Initial Coin Offering (ICO) on the Ethereum chain and the Initial Dex Offering (IDO) on BSC Dex chains, MDEX will standardize fundraising activities. Fundraising will be facilitated through its IMO platform. The token will help achieve a standard fundraising token based on the HT-IMO, the decentralized fundraising protocol on MDEX.
The platform is active with various incentives mechanism for its numerous LP pools, listings, and pairs. By interacting with its official Medium handle, can stay updated with the new pools, revised reward mechanisms, and new additions and information.
Four days ago, the platform passed its Certik audit, according to the team, “with flying colors.”
The project has a 93/100 score which shows a healthy indication of its codes and its platform features as safe for use.
MDX token distribution
The project is dubbed the “DeFi Golden Shovel” in Chinese cryptocurrency circles. The immediate roadmap plan is on achieving cross-chain interoperability with various chains.
The platform is looking prime to go multichain with the integration of top chains such as BSC and ETH to achieve a multi-chain era in DEX. According to its released Medium post:
“MDEX will gradually support ETH (layer 2 network), BSC, OKExChain, DOT, NEAR, and other public chains so that assets are inter-connected. In this way, we seek to build a pan-eco transaction protocol.”
On January 6, the project went online.
On January 19, liquidity mining & trading mining were open; the liquidity of the day reached US$275 million; and the transaction volume amounted to US$521 million.
On January 24 (18 days after its launch), the single-day transaction volume exceeded US$1 billion.
On February 1 (26 days after its launch), the liquidity exceeded US$ 1 billion.
On February 3, the Boardroom (Board of Directors) mechanism was launched, and the MDEX ecological fund, worth $15 million USD in MDEX was established.
On February 19, the single-day transaction volume exceeded US$2 billion.
On February 25th, MDEX ranked first in the CoinMarketCap global DEX rankings. It accounted for 53.48% of global DEX trading volume. The daily transaction volume reached a whopping $5 billion USD.
March 10 marked 51 days of MDEX being live. The cumulative transaction volume exceeded $100 billion USD.
On March 12, the total amount of repurchased and burnt MDX exceeded 10 million.
On March 16, MDEX Version 2.0 was released.
On March 18, the 24-hour transaction volume exceeded US$2.2 billion.TVL exceeded US$2.3 billion which builds a new record.
On March 19, in total 143 million MDX are distributed in the form of transaction mining subsidies + liquidity mining rewards, worth US$577 million.
The transaction fees over the first two months were over US$340 million. The platform's 7-day transaction fees rank 3rd, only after Bitcoin and Ethereum.
On Apr 8, Mdex launched on BSC, supporting single currency mining, liquidity mining, trading mining and asset cross-chain.
Within two hours of launch on Binance Smart Chain, the TVL of MDEX exceeded $1.5 billion. The total transaction volume exceeded $268 Million and the TVL on HECO and BSC is now over 5 billion.
The high transaction fees on the Ethereum saw a slice in ETH dominance. Many users in the DeFi sector have gravitated to other blockchain infrastructures like Huobi and Binance Smart Chain.
MDEX integration of other chains like ETH and BSC in the future will make it a multichain DEX service. It will offer unique features like transaction mining and an increase in TVL. Due to the user incentive mechanism of transaction mining and repurchase rewards, MDEX currently has relatively low transaction costs, and users benefit from transactions. Overall, MDEX presents low fees, incentives for transactions, low slippage, and ever-increasing LP pairs will make the platform attractive to users and maintain its dominance as the leading DEX in the ecosystem.
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
For those who wish to learn more about MDEX, check out the following resources and media pages:
Lola (AMA HOST): Can the team member of HOLDEFI say hi?
Cengiz: Hi everybody, Glad to be here. I'm from Holdefi project and ready to answer your questions.
Feel free to ask anything about Holdefi ☺️
Lola (AMA HOST): You're welcome Cengiz. Glad to have you with us today.
Hope you're good.
Cengiz:Thanks
Me too😉😊
Lola (AMA HOST): Good👍
Let's move on to the questions.
At the 2nd half, the Community would be dropping their questions and you can pick any 3 questions of your choice.
Shall we start now
Cengiz: OK lets start.
Q1. Can we get to know more about you and your team? What are your roles and past experiences?
Cengiz:We are a +30 person company based in Turkey and have more than four years of experience in the cryptocurrency and blockchain world. We had a lot of success in the local sector, and today we are looking to implement our first global project.
Lola (AMA HOST): Great. What a team! More than team. And How have been your experience with them?
What's your role?
Cengiz: I am content leader of this lovely team.
We have Blockchain Development team, Web development, Marketing, R&D, Content, Graphic Design and management.
Lola (AMA HOST): Ohh. Great.
Q2. A lot of Projects are either on BSC or ETH. Rare to see Multichain Projects. Why did you choose to be on both? Is there anything behind this great move?
Cengiz: We have developed Holdefi on ethereum blockchain from the start. But today it is not hidden to anyone that BSC growth was really amazing and has its own community and fans. So we have decided to launch Holdefi protocol and token also on BSC besides ethereum.
Lola (AMA HOST): That's really good
Q3. Holdefi is an Opensource non-custodial money market protocol that allows users to be depositors or borrower. How can users participate?
Cengiz: Depositors provide liquidity to the market to earn a passive income, and everyone can borrow from this liquidity and repay it after a while. The Borrower must add collateral before borrowing any tokens. The value of the collateral should be greater than the value of the assets they want to borrow. This collateral is, in fact, a guarantee that they will repay the borrowed assets.
Lola(AMA HOST): Okay. Aside from the Collateral, will there be any interest?
Cengiz: No.
Collatoral is only a guarantee for repaying the borrowed assets.
Lola (AMA HOST): Okay. Thanks 😊
Q4. What offer do you have for HLD token holders?
Cengiz: HLD has many use cases include but are not limited to: Protocol governance, Burning, Liquidity mining, staking, Revenue sharing.
I will also share some links at last for reading more about the details.
Lola (AMA HOST): Okay. That would be nice.
Q5. Is there any requirements to join in the HLD IDO? And what should participants expect?
Cengiz: Our IDO has been finished. Now HLD is being traded on PancakeSwap and UniSwap. HLD also being added to centralized exchanges in the near future.
Lola (AMA HOST): All right. Thanks for the Update.
Q6. Can you also tell the Community about the revenue sharing and Liquidity mining?
Cengiz: Liquidity mining in summary means when people provide liquidity to Holdefi protocol they can earn/mine HLD token.
Revenue sharing also means Holdefi protocol revenue from the fees will be shared with the token holders.
Q7. What's the Future plans of this HOLDEFI?
Cengiz: Staking, competitions, Holdefi-V2, and many many plans are coming. We have a whole long-term plan that I do not want to spoil now😉, but our path is very long and certainly, those who joined us from the beginning could be very lucky.
Lola (AMA HOST): Wow! That's quite impressive. Then we are ready to journey with you to the Future. ☺️
Q8. Can you explain to the community about HLD pools?
Cengiz: If you mean HLD pools on UniSwap and PancakeSwap, Liquidity provided tokens by the team are going to be locked for years.
Lola (AMA HOST): Can you give exact period? Like for how many years?
Cengiz: We did not make final decision yet but I think at least 4 years. Maybe we will do that with the third party like TrustSwap. We will announce to the community when we made it.
Q9. Can you tell the Community what makes your Project different from others?
Cengiz: I can mention some of them here.
At Holdefi we have a feature called Promotion that we can do it on different markets which is Increase interest rates.
This feature helps us to increase the liquidity of our pools quickly and grow fast.
or on the otherside, we can decrease the borrow rate for borrowers to attract them to the platform
We seperate the market and collateral pools so that users can withdraw their money at any time. it is what other platforms do not have right now!
This pic also can describe promotion feature better.
Again community can find more details in our documents. I will share the links in the end of our conversation.
Lola (AMA HOST): All right.
Q10. Do share with us all the links that the readers can find out more and also follow the development of the project.
Cengiz: Holdefi website:
Lola (AMA HOST): Thanks Cengiz.
Can we also have the roadmap or is there a lite paper link we can check through too?
Cengiz:Yes you can find our whitepaper and other details at https://docs.holdefi.com/
Lola (AMA HOST): Okay. That's great.
Q11. Lastly, our favourite question in BSC News, do you have any alpha or juicy news that you can share with us today?
Cengiz:
We are in the last phases of Holdefi codes audit and tests, So Holdefi mainnet will be launched at the end of April early May.😊
Lola (AMA HOST): Great. Can't wait for it!
Cengiz: 🙈
Lola (AMA HOST): Thanks for this wonderful AMA, short and Precised. 😊
Cengiz: Thank you for inviting me here for this AMA.
The time for Chainge is now. While the rest of the world plays catch-up, the future is here now, where universal access to finance is achieved without discrimination, and human error is eliminated.
I presume readers are already aware of Chainge. Even if you are not, you need to get into it soon enough to get free points transformed into CHNG tokens. If not, at least be prepared to get some tokens early because this project offers novel solutions and boasts mass adoption potential. Why might you ask?
I will lay it plain and simple. No word mincing, just straight talk. The investment world is changing. Many banks are no longer able to guarantee growth that makes life-savings accounts worthwhile over the short or long term. Investments that give you life-changing returns are never guaranteed when dealing with conventional investment vehicles.
What if investments could be coded? What if algorithms could scour decentralized finance products to present users the best investment all from a single point? What if these investments were locked-in with smart contract technology with guaranteed results for as long as the user wants to be tied in?
A recent opinion piece on ft.com by Brian Brooks, the current US Comptroller of the Currency and former Coinbase executive, hypothesizes a future borne out of optimism. One of the “self-driving banks” that usher in an era of coded banking, eliminating error, stopping discrimination, and achieving universal access for all. Chainge Finance has the technology and is fully positioned to do this, not in the future, but now.
The reality is that they need to hit the right notes to scale with users and impress regulators. To do this Chainge presents a concept free from the risk of fraud or corruption because it is fully automated, removing the human factor from decision making. To achieve this, it is run entirely on smart contracts.
Compared with traditional contracts, blockchain-based smart contracts are more deterministic, removing the reliance on trusting an intermediary’s reputation (and jurisdiction in case of contract dispute settlements). They are also speedier because they are executed seconds after the initial criteria are met regardless of the time of day/week. Costs are another advantage of smart contracts over traditional contracts because intermediary costs are eliminated as smart contracts can hold funds, removing the need for 3rd party custodian services. In conventional banking, teams are stood up to validate each contract for fraud. Smart contracts are verified on the blockchain through the cryptographic digital signatures of tokens and wallets. They are immutable once deployed and are reusable until they are replaced with an updated contract.
Chainge will harness the full power of smart contract technology. This is because it is built on the Fusion Protocol, an Ethereum forked infrastructure layer. Fusion was created to underpin a crypto-financial age that has ushered in an epoch of asset digitization. This network focuses on the need for end-to-end decentralization.
Using DCRM, Chainge will enable end-users to achieve cross-chain interoperability within a single wallet. This facilitates a broader range of banking services not seen in any mass-market product so far. We can cite a host of applications that enable Ethereum based DeFi transactions. They are ERC20 tokens or tokens wrapped to the Ethereum blockchain, often with 3rd party custodian flaws negating end-to-end decentralization claims. With Chainge, a 3rd party custodian is not required because DCRM from Fusion enables sharding of wallet keys for signing cross-chain multi-signature algorithms across multiple nodes allowing for funds to be stored securely in the smart contracts themselves.
Without a heavy reliance on Ethereum as the de facto protocol for decentralized finance, Chainge will offer much cheaper transaction costs. A myriad of exchange transactions can also be done on Fusion, Binance Smart Chain, Huobi Eco Chain, OKExChain, Fantom with the multiple tokens at a fraction of the cost of Ethereum. Chainge’s use of DCRM enables 95% of existing tokens to be ported to the app allowing native features of various chains to be harnessed within the app.
One of such features poised for deployment in this new app is Fusion Protocol’s Time-lock. A feature that showcases digitized assets, and the time value of money (TVM). This feature will underpin time-value for digitized assets in the same way it is effectively captured by today’s financial instruments like equities, bonds, and derivatives, thus unleashing new possibilities. This unequivocally suggests that money in your hand is worth more today than that at some point in the future.
Quantum Swap is another piece in the Chainge jigsaw. Exclusive to tokens locked onto the Fusion chain, Quantum Swap enables users of Chainge to perform peer-to-peer OTC/over-the-counter trades and swaps. For added security, the app will also ensure that only verified tokens can be locked in.
With out-of-the-box smart contract templates, users will be able to code financial services like OTC trades and cross-chain swaps, provide liquidity, or leverage escrow services and loans. Chainge will create a new dynamic with the automation of finance for business or social engagement. I foresee mainstream user scenarios where collateralized assets can be liquidated easily on delinquent debts ensuring loan providers are not left nursing losses from bad debts. The concept of self-driving banks that allows savers to stop shopping around for the best interest rates by having algorithms do this for them is here.
So what are the upsides to a bank that enables users to have more control over their savings?
Chainge will offer users an annual percentage yield of 8.32% for BTC and 16.18% for USDT deposits and enable them draw from their interests daily. Chainge will also support a smart contract factory to facilitate user execution out-of-the-box escrow, collateral, and loan features.
Available 24/7, Chainge’s decentralized and trustless escrow service will mitigate 3rd party trust issues and service costs. Today, a buyer dares not buy BTC from a seller unless they find an escrow service provider they trust, which comes with a 2–3% handling charge. With Chainge, people can transact their escrow business without knowing or meeting each other with a low as 0.1% fee. Trust issues are eliminated with funds stored in decentralized escrow smart contracts verified by both parties.
With the proliferation of decentralized finance, providing liquidity in a decentralized exchange or smart loan contract should not be the mainstay of the crypto enthusiast alone. Chainge will enable the everyday user to leverage the value in their wealth effectively. Chainge will realize the concept of ‘everyone could be a market maker’, making the process of providing liquidity more user-friendly than seen on any web platform or digital wallet so far.
Existing bank regulations are in place to mitigate potential human failings. As we usher in this new self-driving banking era, we can expect many shapeshifting governance and protections> These will come from the different regional financial regulatory bodies to bring some semblance of order. While this 21st-century regulation comes into play, the argument for a self-regulating and autonomous service that mitigates the issues current regulations are in place to protect cannot be overlooked.
Time for Chainge is now. While the rest of the world plays catch-up, it may just be the timely moment to embark on a journey into the future where universal access is achieved without discrimination, and human error is eliminated.
A simple call to action is to join the link or scan the QR above to receive a small bag of CHNG referral tokens for joining the waiting list
No pre-sale or initial coins have ever been offered, so grab them while 10% of the total supply is on offer.
Register here: Chainge Finance
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
