Thread by @nicki19111

1) I continue my portfolio threads with my 3rd biggest holding which is $CHNG (Chainge Finance).

This is the first of several plays of mine betting on the narrative of "Decentralized (Perpetual) Exchanges"

2) With the meltdown of FTX it became very obvious that centralized exchanges pose quite some risk for every crypto investor.

The risk of getting rubbed by your funds can get mitigated by using decentralized exchanges where you own your keys for the crypto you store there.

3) Now this is where $CHNG comes in the game.
First and foremost Chainge Finance is a mobile app which lets you:

- spot buy crypto
- store your crypto (with your own keys)
- swap chains (cross chain hopping)
- (leverage) trade your crypto
- get APY for your crypto

4) There are several features that make $CHNG stand out (USPs):

Interoperability:

It is a novum that you can easily chainge the chain your token is running on with minimal fees and instant swap.

5) Minimal fees:

By connecting more and more dexes Chainge you are able to spot buy and trade with minimal fees and deep liquidity!

$CHNG will compare costs across different dexes and select the one with the minimal fees to buy your crypto

FIAT On/ Offramp will also come soon

6) Value Proposition

What most people don't understand is that who ever owns the customer interface owns the market.

Examples for this are AirBnB, Uber, etc.
These companies don't have assets but they own the customer interface and are thus growing at a fast pace.

7) Thus the fundamental value of Chainge will increase with every other dex they connect and with every other token they list as this will reduce fees for clients and add more variety in coins.

This will let customers ofChainge grow and thus value of $CHNG grows.(See tokenomics)

9) Tech

Tech tech base layer of $CHNG is quite capable as well, it's the L1 solution called "Fusion" ($FSN): decentralized, fast and secure.

For further deep dive on tech check this:

chainge-finance.medium.com/taking-cross-c…

10) Team

#CHNG has an incredible team. Founder DJ Quian already worked on other projects before that crossed 1 bil in mc.

blockworks.co/speaker/dejun-…

11) Launch

$CHNG enjoyed a 100% fair launch, no ICO, VC, etc.
Team has no token allocation at all.

Fair launched projects have the advantage that there is less sell pressure after price increases as there aren't single entities with high % share of token supply.

12) Tokenomics

Max supply: 814M
Burned- already: 250M (Quarterly burns using 25% of the company profit)
Total supply: 564M
Circulating supply: 337M

The burn mechanism makes sure that the token value increases along with users on the Chainge platform

13) Chainge earns based on fees for buying/trading on the platform. The more people use the platform the higher the profit and the higher the token burn will be, making $CHNG more scarce and increase in price.

14) Narratives

Ironically $CHNG hits quite all narratives that might become relevant the next months/years (credit @wauwda):

DWallet: $CHANG
(Perp) DEX: $CHNG
DeFi: $CHNG
Web3: $CHNG
Interoperability: $CHNG

15) Potential

This project ticks all green boxes on my list.
If Chainge manages to attract more people to use its app the sky is the limit.

MC 8 mil -> 1 bil + (x125 +)

16) People to follow

I surely forget some, please tag them in comments.

@BenHoekstra5
@wauwda
@MrMoonBags