Chainge will offer users an 8.32% annual percentage return for bitcoin.
In autonomous banks the algorithms will look for the best interest rates for savers.
Content sponsored by Chainge Finance
I guess readers already know Chainge. Even if not, you need to enter early enough to get free points that will be transformed into CHNG tokens or at least be prepared to get some tokens sooner because this project is unique with huge mass adoption potential. Why? You might ask.
I’ll put it plain and simple, frankly. The investment world is changing. Many banks can no longer guarantee the kind of growth that makes lifetime savings accounts worthwhile in the short or long term. Investments that give you life-changing returns are never guaranteed when it comes to conventional investment vehicles.
What if investments could be coded? What if algorithms could track decentralized financial products to present users with the best investment from a single point? What if these investments were locked with smart contract technology with guaranteed results for as long as the user wants to be linked?
A recent opinion piece on ft.com by Brian Brooks, the current U.S. Comptroller of the Currency and former Coinbase executive, hypothesizes a future fueled by optimism. One of “autonomous banks” ushering in an era of codified banking; eliminate error, stop discrimination and achieve 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, a concept that is free from the risk of fraud or corruption because it is completely automated, removing the human factor from decision making. To achieve this, it runs entirely on smart contracts.
Compared to traditional contracts, blockchain-based smart contracts are more deterministic and eliminate the reliance on relying on the reputation of an intermediary (and jurisdiction in the event of contractual dispute resolution). They are also faster because they run seconds after the initial criteria are met, at any time.
Costs are another advantage of smart contracts over traditional contracts because brokerage costs are eliminated. Since smart contracts can contain funds, they eliminate the need for third-party escrow services and the costs of arbitration and enforcement common in traditional contract disputes.
In traditional banking, teams are prepared to validate each contract for fraud. Smart contracts are verified on the blockchain through cryptographic digital signatures of tokens and wallets and are often the result of a robust audit. They are immutable once implemented and are reusable until they are replaced with an updated contract.
Deposit functionality in Chainge Finance
Chainge powered by Fusion
Chainge will harness the full power of smart contract technology. This is because it is based on the Fusion Protocol, a forked infrastructure layer of Ethereum created to underpin a crypto-financial era that has ushered in an era of asset digitization and, with it, the need for extreme decentralization. to extreme.
With the DCRM (Decentralized Control Rights Management), Chainge will enable end users to achieve interoperability between chains within a single wallet, facilitating a broader range of banking services that have not been seen in any mass market product. up to now.
We can cite a number of applications that allow DeFi transactions based on Ethereum. They are basically ERC20 tokens or tokens wrapped in the Ethereum blockchain, often with third-party custodial failures that negate end-to-end decentralization claims.
With Chainge, no external custodian is required because Fusion’s DCRM enables wallet key fragmentation to sign multi-signature algorithms between chains on multiple nodes, allowing funds to be securely stored in the smart contracts themselves.
Without a heavy reliance on Ethereum as a de facto protocol for decentralized finance, Chainge will be able to offer much cheaper transaction costs. A large number of exchange transactions can also be done on Fusion, Binance Smart Chain, Huobi Eco Chain, OKExChain, Fantom with multiple currencies or tokens at a fraction of the cost of Ethereum. Using Chainge’s DCRM allows 95% of the existing tokens to be passed into the app, allowing you to take advantage of the native features of multiple chains within the app.
One such feature prepared for its implementation in this new application is the Temporal Blocking of the Fusion protocol. A feature that shows digitized assets, the time value of money (TVM) that unequivocally suggests that the money in your hand is worth more today than at some point in the future. This feature will support the time value of digitized assets in the same way that current financial instruments such as stocks, bonds and derivatives effectively capture it, opening up new possibilities.
Quantum Swap is another piece of the Chainge puzzle. Unique to the tokens locked on the Fusion chain, Quantum Swap enables Chainge users to do OTC / OTC P2P trading and trading. For added security, the app will also make sure that only verified tokens can be blocked.
With out-of-the-box smart contract templates, users will be able to code financial services such as OTC and inter-chain swaps, provide liquidity, or take advantage of escrow loans and services. Chainge will create a new dynamic with the automation of finance for business or social engagement.
I envision conventional user scenarios where collateral can be easily liquidated on bad debt, ensuring that loan providers do not incur losses due to bad debts. The concept of autonomous banks that allows savers to stop looking for the best interest rates by having algorithms do it for them is here.
Main constituent elements of Chainge
Unique features of Chainge
So what are the advantages of a bank that allows users to have more control over their savings?
Chainge will offer users an annual percentage return of 8.32% for BTC and 16.18% for USDT deposits and will also allow them to withdraw their interest daily. In addition to the performance and capital gains from keeping digital assets on the platform, Chainge will also support a smart contract factory to facilitate user execution with out-of-the-box deposit, guarantee and loan functions.
Interest rate for BTC deposits in Chainge Finance
Available 24/7, Chainge’s trustless, decentralized escrow service will mitigate third-party trust issues and service costs. Today, a buyer is hesitant to buy BTC from a seller unless they find an escrow service provider that they both trust, and this comes with a 2-3% handling fee. With Chainge, for a fee as cheap as 0.1%, people can conduct their escrow transactions without meeting or meeting. With funds stored in a decentralized escrow smart contract controlled by both parties, trust issues are completely eliminated.
With the proliferation of decentralized finance, providing liquidity on a decentralized exchange or smart loan contract shouldn’t be the only mainstay of the crypto enthusiast. Chainge will allow the everyday user to harness the value of their wealth effectively. Chainge will pick up on the ‘everyone could be a market maker’ concept, which will make the process of providing liquidity easier to use than that seen on any web platform or digital wallet so far.
Join Chainge Finance
Banking regulations exist to mitigate potential human failures. As we move into this new era of autonomous banking, we can expect different regional financial regulators to make a host of shaping changes to governance and protections to bring some order. While this 21st century regulation comes into play, the argument for a self-regulating and autonomous service that mitigates the problems that current regulations must protect cannot be ignored.
Chainge’s time is now and as the rest of the world catches up, it may be the right time to embark on a journey into the future where universal access without discrimination is achieved and human error is eliminated.
A simple call to action is to join the link or scan the QR below to receive a small bag of CHNG referral tokens to join the waiting list.
There is no initial coin offering or pre-sale, so grab them while 10% of the total supply is offered.
Register here: Chainge Finance
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