Chynge.net initial coin offering (ICO)

World's First Payment Token with No FX Risk



At Chynge, we make the world a better place. With the digitisation, democratisation and socialization of money, we make payments instant, free, and safe within a decentralized financial system where people of all income levels can access simple-to-use and secure financial services.

5
2 2 expert ratings
3.8
4
5
5
View rating distribution
Starts in 1 year ago
2018-06-28 - 2018-11-30
Token
XCLP
Type
Stellar
Price in ICO
1 XCLP = 0.05 USD
Platform
Accepting
Soft cap
80,000,000 XCLP
Hard cap
560,000,000 XCLP
Raised
0
preICO start
May 29, 2018
preICO end
Jun 28, 2018
ICO start
Jun 28, 2018
ICO end
Nov 30, 2018
More on ICO
Report

About Chynge.net ICO

Even though banks can transfer money for their customers instantaneously, they often profit from holding these funds as their cash ‘float’. Cross-border payment fees are saddled with hidden fees from corresponding banks, in addition to the already high service fees and large foreign exchange spreads. Further, ever more complex and demanding regulatory compliance requirements on banks drive up the costs of doing transactions; these are then passed onto their customers. The global volume of cross-border payments is estimated at US $2 trn per year of which US $500bn are from migrant workers sending money home to their families. Although the fees for money transfers have dropped by 22% over the past decade, the actual fees remain high at 7-8% of Gross Transaction Value (GTV).
The technology available today including big data, biometrics, artificial intelligence and machine learning, and blockchain has spurred financial technology (FinTech) companies to create new business models and new financial products to change the way we consume financial services. Chynge democratizes payments by making them instant, free, and safe. We mitigate reglatory risks related to money laundering, terrorism financing, corruption and other financial crimes. Our financial inclusive solutions put money back into local communities that can be used for developing infrastructure, education, healthcare, and social programs, to better the lives of our customers and those they love.

Chynge.net reviews

Floyd DCosta
Management Consultant - Blockchain Technology | Co-founder @BlockArmour, @BlockchainWorx | Advisor, Chief Blockchain Officer @GBX
Rated on Jul 16, 2018
4
5
5
15%

Now, here is an interesting project. Chynge:

1. Is an existing business with real clients and revenue (and is looking to further leverage the potential of blockchain technology and tokens)

2. Addresses a genuine need
i. Remittances
ii. General cross-border payments
in key Asian markets (eliminating high costs and unnecessary intermediaries)

3. .... while leveraging artificial intelligence and machine learning to prevent money laundering, terrorism financing and other financial crimes

4. Uses Stellar - a good choice of DLT for cross-border peer-to-peer payments

5. Has a fairly experienced team at the helm.

I'm eager to see how the team creates a high throughput, low latency closed-loop payments network and builds required liquidity pools to efficiently facilitate the cross-border p2p transactions.

PlumBot
ICO Analyzer Bot
Rated on Sep 2, 2018
0
0
0
85%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

Chynge.net ICO price

Price in ICO

1 XCLP = 0.05 USD

Chynge.net (XCLP) crypto

Chynge.net coin

Chynge.net token
XCLP
Chynge.net type
Stellar
Chynge.net platform

Chynge.net (XCLP) value

Tokens for sale
560

Chynge.net investment info

Accepting
Min. investment
250 USD
Distributed in ICO
70%
Soft cap
80,000,000 XCLP
Hard cap
560,000,000 XCLP

Chynge.net whitepaper

Chynge.net team

Apply as an advisor

Joe Tusin

CEO & Founder

Christopher Tan

CTO

Aaron Lee

CCO

Chynge.net milestones

1
2015

WePower idea

2
2016

WePower idea

3
2017

WePower idea

4
2018

WePower idea

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