Power to the Chaingers!
And by fair we mean it will be solely influenced by the actual people who use the app. Out of the gazillion financial ecosystems out there, Chainge is by far the most transparent and user empowering.
Why? Because here at Chainge we strongly believe in meritocracy. The more you work on spreading our message, the more you earn.
But let’s take a closer look at how things work:
As you probably already know, when dealing with crypto the first thing users look at is the total supply. If the market is flooded with a big supply then the price is usually low — and vice versa — if the supply is low then the price goes up.
Unlike other crypto currencies, Chainge’s supply mechanism self regulates depending on the community’s involvement.
The more people get involved and join the community, the more tokens are earned.
The more users we have on the waiting list, the more tokens are released.
The more everyone refers, the more you accumulate thus adding to the total supply.
Long story short, Chaingers ultimately have the power to decide what the total supply will be.
If you’re thinking it might be too large, no worries, the total supply will not remain as such.
Chainge will quarterly use 25% of the profit to buy back tokens on the market and burn them, so as we evolve the Chainge supply will become smaller, thus increasing the price of the CHNG token itself.
So basically, the more Chainge thrives, the richer you get ☺
There is no CHNG allocation for the team
Yup, you heard that right. The Chainge team has no CHNG tokens allocated unless they go through the exact same process as any regular users. We have no extra benefits and we can’t influence the value of the CHNG by dumping tokens on the market. The power belongs to users alone.
Token distribution
Currently, there are over 110.000 users on the waiting list and according to our stats, the CHNG tokens are distributed globally to over 90 countries and regions. Which means this truly is a worldwide movement and by no means limited to particular countries or continents.
We don’t have an ICO
This basically means that the initial/starting token price is not decided by us. The community will give value to the token depending on how much they use their influential power to bring others on board. So again, the power belongs to the users alone.
And the best part about this is that no one will lose any money. There’s no initial investment and no risk.
Now let’s move on to the way tokens are distributed within the community.
Chainge distribution model
The way we distribute the token — it’s a very fair way to distribute — we call it POIP (Proof of Influential Power)
As we speak, there’s a couple crypto distribution models available on the market.
POW or Proof of work is one of them. Proof-of-work is a necessary part of adding new blocks to the Bitcoin blockchain. Blocks are summoned to life by miners, the players in the ecosystem who execute proof-of-work. A new block is accepted by the network each time a miner comes up with a new winning proof-of-work.
POS or Proof of Stake (PoS) is another. This concept states that a person can mine or validate block transactions according to how many coins he or she holds. This means that the more Bitcoin or altcoin owned by a miner, the more mining power he or she has.
But Chainge has a new unique distribution model aimed to empower anyone regardless of their financial status or crypto market knowledge. Anyone can earn CHNG tokens through our POIP — Proof Of Influential Power.
In a nutshell, the more people you refer, the more tokens you get. The more you work on getting our message out through any means or media available to you, the fuller your wallet will be when we launch the app. You can use anything ranging from your own community/ groups to your social media platforms, video or written content on forums or blogs, or even printed materials — the sky is the limit. This way, your contribution to the system is quantified by your „own” voice. The louder you are, the more CHNGs you acquire.