What is Chainge Finance (China)? Recent News, Fundraising and Token
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Key Takeaways
- Chainge Finance is a decentralized finance (DeFi) platform focused on cross-chain crypto asset management, including bridging, swapping, and storage, as described on its official website chainge.finance.
- The platform features a native token called XCHNG (previously CHNG), used for transactions and ecosystem utilities, with details available on TokenInsight and official Medium posts.
- Recent developments include an acquisition by Coded Fi Ltd in 2023 at a $47 million valuation, highlighting its growth in the DeFi sector.
What is Chainge Finance (China)?
Chainge Finance is an all-in-one DeFi hub that enables users to find, store, bridge, and swap crypto assets effortlessly across multiple blockchains, aiming to provide a seamless and secure experience for decentralized financial services. According to its official website at chainge.finance and descriptions on platforms like The Big Whale and Forbes Crypto Market Data, it operates as a decentralized platform for digital asset management, smart savings, and cross-chain trading, with a focus on interoperability and user independence.
How Does Chainge Finance (China) Work?
Chainge Finance functions as a cross-chain marketplace where users can manage crypto assets through features like bridging between blockchains, swapping tokens, and secure storage, all powered by decentralized protocols. The platform integrates automated finance tools to facilitate effortless transactions without intermediaries, as outlined in its official documentation and articles on blocmates.com, which emphasize its role in combating traditional financial limitations via DeFi.
Users interact with the app-based platform to perform trades, stake assets, and access liquidity across chains, leveraging smart contracts for security and efficiency, with real-time data and tools for both beginners and experts as detailed on forbes.com/digital-assets.
What Makes Chainge Finance (China) Unique?
- It offers high liquidity as a cross-chain trading venue, distinguishing it by enabling seamless asset transfers across blockchains, as evidenced by its 2022 announcement on newsbtc.com claiming it as the most liquid option.
- The platform emphasizes user-friendly DeFi tools like smart savings and automated finance, setting it apart from traditional centralized exchanges by promoting decentralization and independence, per its Medium posts and blocmates.com guide.
- Chainge integrates AI-driven features in some expansions, aligning with broader crypto trends, as seen in related investments like China Financial's $11M bet on crypto and AI, though specific to its acquisition and valuation details on coinpedia.org.
Chainge Finance (China) Native Token
The native token is XCHNG (formerly CHNG), which serves as the utility token for transactions, governance, and ecosystem incentives within the Chainge platform, enabling features like fee payments and staking, as detailed on tokeninsight.com and the official Medium introduction.
TGE Information
Recent News & Fundraising
- In December 2023, Coded Fi Ltd acquired Chainge Finance at a $47 million valuation and appointed financial experts to its board, as reported on coinpedia.org.
- The platform raised a total of $13 million in funding from two investors, according to its 2023 company profile on tracxn.com.
- In June 2022, Chainge Finance announced becoming the most liquid cross-chain crypto trading venue, per newsbtc.com.