Chains Review
Review
The cryptocurrency industry is based on a simple premise: everyone should be in complete control of their finances. While it may seem like a simple and obvious statement, current systems are far from providing financial services that are actually within the control of those who use them. Chains’ mission is to provide people (and in the future, machines and devices) with seamless access to decentralized finance (DeFi) with special non-fungible tokens (NFTs). For that purpose, we are introducing Chains, a dedicated blockchain dedicated to decentralized finance (DeFi) specifically for non-fungible tokens (NFTs). The Chains approaches decentralized finance as a specific and important segment of the blockchain community. The Chains is a dedicated blockchain specifically optimized for DeFi and NFT applications. Chains contains all core DeFi applications built into the core of the chain, not written by smart contracts like swaps, loans, and insurance dapps. Chains also contains all supported applications for NFT, such as minting, auctions, and trading. And especially with Chains, your NFT can use it as collateral in Defi to make a loan or bet on a pool to earn more tokens.
Chains is building a stack of interconnected cryptocurrency-enabled solutions, designed to make cryptocurrency more accessible to users who are neither investors nor technologists. Their long-term goal is to provide businesses and individuals with a single-account experience that spans the full spectrum of cryptocurrency and blockchain based services.
- Earn — Invest — Spend single account experience.
- Token Launchpad
- Prism Analytics
- Cryptocurrency Exchange
- Services Marketplace
- NFT and Products Marketplace
- Payment Gateway
- Payment Cards
- Business Tokenization Launchpad — businesses integrated with Chains.com can be tokenized, raising capital based on transparency of revenue and performance.
- Earned Income Credits (EIC) will assist market participants with surviving various shock scenarios.
- CHA Token — offering subsidies, discounts and enhancements across all Chains products.
Alongside products aimed at addressing the speculative and financial utility of cryptocurrency, Chains is developing multiple products focused on the “Real Economy” — products designed to facilitate the use of cryptocurrency as a medium of exchange. The Marketplace and payment gateway products are designed to attract a new kind of user, one which does not perceive themselves as an investor and is not one to prioritise long term holding of cryptocurrency over using it as a medium of exchange.
The Launchpad Chains
The Chains Launchpad is a built-from-scratch token sale platform that supports native and external payment gateways, vesting mechanisms and multiple blockchains. Chain’s own native utility token, CHA, will be the first token to be made available for sale on the Launchpad. Key features of the Launchpad include:
- Integration with Chains.com account system
- Clean retail-user friendly design
- KYC and SEC 506c compliance for accredited investors from the U.S
- Wizard style purchase journey that allows the user to secure an allocation before proceeding to conducting a KYC verification process
- Custom vesting schedules
- Bonding curve, tranche and fixed pricing mechanisms
- Presale and whitelisting mechanisms
Token
There are two primary subsidy pools, whose liquidity varies based on utility and transaction volumes.
- CHA Revenue pool — used to subsidize payments in CHA
- CHA Salary/EIC pool — used to subsidize underperforming sellers and freelancers on the platform
Those pools are replenished via an allocation of a fraction of the fees collected on the platform. Fees collected by the platform (regardless of the currency in which they are collected) are distributed as follows:
- 20% of the fee is allocated to the CHA Revenue pool
- 20% of the fee is allocated to the CHA Salary pool
- 10% of the fee is converted to CHA (if needed) and then burned
- 50% of the fee goes to the Chains platform to cover operational expenses
Team
Conclusion
I think that over time, people are probably happy in the crypto market, as the growth of the entire market so far this year has brought a lot of money-making opportunities for a lot of people. And now, as DeFi and NFT trends become more accessible, I think this will be an opportunity for the participants of this market, but the important thing is everyone’s knowledge of this market. I know it’s not easy to find a good project in this market, but that doesn’t mean we can’t find high quality new projects. With Chains, the mission is to lead interoperability by allowing altcoins to be migrated to Defi in a single user interface and making stocks, commodities, and fiat currencies accessible within Defi, which allows more exposure to the crypto community, as well as NFT, which is receiving a lot of attention recently.
More information
Website: https://chains.com/
Whitepaper: https://chains.com/doc/Chains_Whitepaper_en.pdf
Telegram: https://t.me/chains_com
Twitter: https://twitter.com/chains_com
Medium: https://chainscom.medium.com
Facebook: https://www.facebook.com/chainscom
“A sponsored article written for a bounty reward.”