Today we had the awesome opportunity of discussing the Chainge vision with the Bibox community and DJ Qian (Chainge Finance CEO) shared some great info about the unique Chainge features & future goals.

In the spirit of “information is power” we would like to share these valuable insights with all of you so that you get a better understanding of what Chainge stands for and maybe get some answers to your own questions.

You can find the AMA transcript below:

1. Could you please introduce Chainge.Finance to our community in a jargon-free way?

DJ QIAN- Chainge is a unique Defi app that aims to empower people from all corners of the world to become their own digital bank. With Chainge, YOU are your OWN digital bank! With Chainge’s automated financial services, users will have complete control over their wealth while enjoying 100% freedom & security. The top-grade coding behind it all will put forth a smooth operational flow highlighted by a pristine user experience and never seen before capabilities. Chainge will unfold a fully decentralized universe and will bring true financial power back into the hands of the people. With no middlemen. No hassle. No limits.

We allow users to have cross chain transactions in stealth mode. We not only provide spot DEX, but also “futures DEX” and “options DEX”. We provide decentralized “alipay” service. And we are also going to provide fiat on ramp and off ramp service working together with banks partners later this year.

2. Could you please introduce your key team members to us?

DJ Qian - My name is DJ Qian. Founder of Chainge Finance & Founder of Fusion Network. Actually I was involved in a lot of different projects. I am also co-founder of Ansywap. Founder and CEO of Fusion. Co-Founder of QTUM and VeChain.

The Chainge Team:

Hunter Ling:CTO of Chainge Finance.

Vlad Tirla:Partner and CPO of Chainge Finance,

Sarah Shao:CMO of Chainge Finance.

Oana Batran: CBO of Chainge Finance

And we have other key developers in Shanghai as well.

3. What are the major milestones Chainge Finance has achieved so far & what are in the future pipeline?

DJ QIAN- Believe it or not, I am proud of the Chainge team. In 6+ months, we have 73K+ twitter followers. 37K+ ppl in telegram with 5K+ online active ppl. Currently we have around 560K daily active users earning CHNG on website and 230k App users. Let me show you the distribution geographically of our users.

Websitehttps://www.chainge.finance/

Twitter followers: 73.4K+; @FinanceChainge

Telegram Main Group: 37.8K+ members and 5k+ online. https://t.me/chaingefinance

And Chainge owns more than 15 Telegram local groups.

Wechat group: 20k+ members. More than 30 Wechat groups;

YouTube subscribers: 7.2K+

https://www.youtube.com/channel/UCJ_QksB3XxV2Pi0NPniT_Yw

Facebook followers: 10K+ https://www.facebook.com/chainge.finance

Instagram: 6.9K+ https://www.instagram.com/chainge.finance/

Discord: https://discord.gg/FnvEhJm5

We launched our app last month, so you could download app from our website now. And you could also find it from google play store. In our app, you could experience cross chain transactions in stealth mode. You could earn with more than 40 assets with tremendous APY. I want to emphasize, these are totally decentralized. And anti-flash loan attack. Thanks to fusion’s time framing technology. I strongly recommend you all download the app and try it by yourself. Very soon, we are going to launch Chainge DEX, which is not only a cross chain spot DEX, but also futures DEX, and options DEX. Imagine, users could create futures and options in a decentralzied way, exercise these derivatives in a decentralized way. And trade them in a decentralized way. And even more interesting thing is that we are also going to provide decentralized escrow service with code soon, which is actually a decentralized Alipay.

4. Many projects look great only on their whitepaper & Roadmap but facing a lot of difficulties when trying to implement the project mission and end with failed. How is Chainge Finance overcome every obstacle in its project development?

DJ QIAN- I know, but if you look into our project, all Chainge functions have been developing well, the decentralized deposit to earn and time-framing functions are online now, followed by public testing of decentralized spot/futures/options DEX. In next app version, we will launch cross chain Dex. New features such as the payments module have been successfully added. Our DEX with Futures and Options will be absolutely unique in the crypto world and we are currently working on optimising their implementation. The application’s UX is getting better by the day so using the app will be enjoyable and easy as pie. Earning capabilities have been enabled within the app. The smart contract has been audited. We’ve launched Chainge app very soon.

5. Who is the Chainge Finance platform targeting?

DJ QIAN- No mater individuals and institutions are all our targeting user. Because any users, they are just peers in coded and automated finance. We are looking forward to seeing millions of users using our decentralized coded finance and regarding Chainge finance as a self banking tool.

https://www.youtube.com/watch?v=7WiFNQFZJzw&t=56s

https://www.youtube.com/watch?v=Puae8aghlsM

From the videos, you could see, our vision is to make everyone bank himself. So, simple everything finance.

6. Security & User Interface are the most important aspect which users observe on a platform. How has Chainge Finance worked on this? Is Platform suitable for Newbies in the crypto field?

DJ QIAN- First of all, Chainge Finance is providing top notch UX for users who get into crypto for the first time. Eg; We have two account modes. One is for starters, another one is for experts. Even if in expert mode, we allow users to encrypt their key phrases into a QR code so that they could leave it anywhere on internet. Users don’t have to write down key phrases for back up, which provides a lot of convenience for anytime of users.

If you are users who have used Defi service, you probably were bothered by transferring assets among different chains. BSC, Heco, Ethereum, Fusion, Fantom… And it’s really very inconvenient for regular users to do so. However, Chainge Finance provides decentralized cross chain transactions service in stealth mode. Users just need to select the target chain when they make the assets transfer, and don’t need to worry about on which chain his assets currently are on. This brings the cross chain into reality.

We also have a very cool invention: the magic button. Actually, it could help you do anything by scanning a QR code.

https://www.youtube.com/watch?v=MLMCbXJYJcw&t=11s

Here is the video explaining it. And we also provide a very cool tool for users

earn with time framing. https://www.youtube.com/watch?v=c-9G53hWMsg

This is a ground breaking technology. I believe all of you will be concerned when you are doing liquidity farming or deposit to earn.Will some hackers hack your assets? In Chainge, it’s impossible. Because when you are earning, your assets are not in any centralized institution’s hand nor in any smart contract. They are always in your own address! So we make defi secure and easy to use.

7. Collaborations and partnerships are some of the most important cornerstones to help improve adoption. Could you please tell us about the current partners, plans for partnerships and what everybody stands to gain from these partnerships?

DJ QIAN- Chainge Finance is very inclusive. Any project which wants to be landed in Chainge Finance and provides decentralized coded and automated finance to their users could be our partner.

To some extent, Chainge Finance is a wallet. A decentralized wallet

To some extent, Chainge Finance is an exchange.

To some extent, Chainge Finance is a decentralized cross chain bridge

To some extent, Chainge Finance is a decentralized Alipay.

So the questions is: is there any project couldn’t be our partner? No, there isn’t

And thanks to Fusion protocol, their cross chain solutions has been picked by European Central Bank as potential cross chain/cross system solution.

We are also trying to engage conventional finance institutions and build partnership with them to offer better decentralized finance services.

Upon entering crypto bank partnerships, Chainge is going to deliver the utmost best UX when it comes to both fiat on ramp and off ramp. Operations such as opening overseas bank accounts will be performed remotely in an easy and efficient manner while everyone is going to be able to switch fiat into crypto/stable coins with just one tap and vice versa.

8. Users often care less about technology, but rather the value of the token. How does Chainge Finance manage to strike a balance between developing the technology and also improving the value of the token?

DJ QIAN- Let me first illustrate the technology we use in Chainge:

1.DCRM

DCRM solves the cross-chain interoperability problem in the encryption layer. Before respected projects like Cosmos and Polkadot materialised any working solution, Anyswap — using DCRM on the Fusion mainnet — became the sole implementation of a working cross-chain DEX. With Andre Cronje working on the latest development concepts like multi-chain bridging, DCRM is becoming the standard for cross-chain bridging. It enables partnerships like the one with Sushiswap — expanding the liquidity flow within the DeFi ecosystem at small costs, even when using Ethereum-based DeFi protocols.

Anyswap, Multichain, Nerve, Fantom. All of them are using Fusion DCRM as tech. But Chainge has improved it into a cross chain service in stealth mode.

The European Central Bank validated this emerging technology’s potential by including it in their December 2020 research paper titled “The Use of DLT in Issuance and Post-trade Processes”. Page 41 of the report highlighted DCRM’s unique interoperability features.

2.Time-Frame (TF)

Time-Frame is used for time slicing which allow users to freely create financial derivatives such as futures, margin trading and so on;

3.Quantum Swap (QS)

QS is the groundbreaking technology developed by the Fusion Foundation which enables peer-to-peer trading of any and all assets issued or locked in on the Fusion blockchain. QS technology is widely used in many micro moments such as OTC trading.They are all hardcore tech. Speaking of improving the value of CHNG tokens, we will achieve the functionalities step by step:

Cross Chain Dex (spot/future/option);

Decentralized Escrow;

Decentralized Revenue Sharing;

Decentralized Deposit to Earn;

Fiat On/Off Ramp;

Private Key social Guard;

The company is earning a transparent 0.1% fee from all of those coded services. And 25% of the company profit will be used to buy back CHNG and burn. This is the source and support of the CHNG token value. So theoretically, any CHNG holders are virtual share holders of our company.

9. It is acknowledged that a project needs to deal with solving a real-world issue or problem. What is the problem that your project primarily focuses on?

DJ QIAN- 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. 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, 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. Users don’t have to concern on which chain their assets are on. They just need to make the transfer by clicking one button.

10. Can you briefly outline some of the utilities of the CHNG token in respect to its use cases and how beneficial it will be to holders in the long term?

DJ QIAN- Actually we spent time to think about the utility of the CHNG token. It has not been announced yet, just possibilities.

1. We could charge CHNG for opening a bank account overseas remotely

2. We could charge CHNG for any premium service like arbitrage services

But for now, just take CHNG as a virtual share of Chainge company. We buy CHNG tokens from the market and burn them, which increases the scarcity of the token so inevitably the token value will grow.

Chainge is the app that facilitates access to decentralized and automated finance. Only one tap away. https://chainge.finance