Chains- The ctyptocurrency platform builds an ecosystem of benefits for users
Did you know? The cryptocurrency market is growing rapidly, and this has made it a major financial asset, an object of intense interest and speculation around the world. The economy failed, and this made crypto holdings necessary as a hedge against inflation.
In the past, it was difficult to buy cryptocurrencies, but this has changed in recent years. There are many crypto exchanges that currently support crypto services for users, with some having a localized presence. And every day, new projects are created based on new applications like NFT and Defi,.. Today I will discuss an interesting project specially optimized for Defi and NFT applications, also like many different fields.
Here, Chains is developing a special ecosystem for DEFI and NFT applications… By focusing on blockchain functionality and being dedicated to Defis and NFT, Chains provides high transaction throughput, reduces the risk of errors, and develops exceptional intelligence to perform services.
With Chains’ mission to provide everyone and, in the future, machines and devices with seamless access to DeFi, NFT, To that end, we are introducing Chains, a blockchain dedicated to decentralized finance (DeFi) specifically for non-fungible tokens (NFTs). focusing on building radically user-friendly products for earning, trading, spending and accumulating cryptocurrency. The platform is designed to help users engage with blockchain-enabled products such as NFTs, DeFi, and more. A single Chains account provides our users with access to a collection of connected products and services. Features need to address ongoing issues in order to be sustainable. Some of the services that Chains plans to tap and offer include, but are not limited to:
- Single-account Earn — Invest — Spend experience
- Token Launchpad
- Services Marketplace
- NFT and Products Marketplace
- Payment Gateway
- Debit Cards
- Cryptocurrency Exchange
Most of the products built on Blockchain technology today are too trend-driven without creating core value. With Chains, I think they have enough potential and are aware of short-term trends that will not bring a profit. The greatest innovation So, Chains gives us a feeling that certainty in the plan to build the platform is very important.
The Chains Launchpad is built from the ground up — it’s a token sale platform designed to support both native and external payment gateways, various vesting mechanisms, and a multitude of blockchains.
In terms of features, some of the key ones include:
- Accepting multiple cryptocurrencies, as well as Visa, Mastercard, and Coinbase.
- Integration with the platform’s account system.
- Clean and user-friendly design.
- Compliance with KYC and SEC 506c requirements.
- Custom vesting schedules.
- Mechanisms for presales and whitelisting
- Mechanisms for introducing bonding curves, tranches, and fixed pricing.
The main idea of the marketplace is to allow businesses to pay for both services and products using the cryptocurrency of their choosing. Meanwhile, service providers can define the types of services that they are willing to accept.
The in-built native support of dynamic payment and pricing methods means that transactions can be settled in any currency that the parties have agreed upon.
Unlike existing solutions, businesses and service providers (e.g., freelancers) will be eligible for participation in a program that provides Earned Income Credits. The main benefit for the participants in this program is that it would help them in getting through in numerous shock scenarios while also increasing the long-term retention of users.
The team is working on a fully-functional cryptocurrency exchange platform. It’s designed and structured in a way that will make it accessible to users from permitted jurisdictions. Those who take part in the Marketplace or in token sales in the Launchpad will also be able to benefit from using the integrated Exchange. The main purpose is to allow users to transact seamlessly and navigate between buying tokens on the Launchpad while also being able to spend and earn crypto on the marketplace.
The ultimate goal is to make the transition from earning or spending crypto on the Marketplace to potentially trading on the exchange as simple and as seamless as possible. It’s also worth noting that the exchange will inject further utility into the platform’s native cryptocurrency — the CHA token — by allowing CHA holders to enjoy reduced fees and potential staking opportunities.
Chains Prism provides pricing data for cryptocurrencies, comedies, and equities and is designed to deliver analytical and portfolio tracking tools for Chains platform users. The goal is to reduce the need for third-party tools as much as possible and provide an encompassing cryptocurrency experience under one roof.
The Omni-Currency Parametric Matching
All payments on the Chains Marketplace can be executed with multiple payment methods. As mentioned above, the settlement currency depends on the individual agreement between the parties who participate in the transaction.
When someone makes an offer for a service or a product, they can specify the price in multiple currencies and also predefine discounts and premiums. The platform would then match buyers and sellers based on their payment preferences. These can include certain parameters such as (but are not limited to):
- Currency Age
- Trade Volume
- Listing on certain exchanges
- Privacy Features
When we look at the crypto world in general, many projects appear day in and day out as exhausted and dormant funds and continue their activities in ongoing projects. However, we can see that most of these projects are defi based or exposed as nft. Some of them try to continue their activities with a combination of both defi and nft. But, as a rule, most of them end in failure. Especially for those who face mixing, we face this more and more often. When we look at the current state of the crypto market at the moment, investors are tending to abandon projects and invest in such platforms seriously. CHA is the native cryptocurrency of the Chains ecosystem. It has the following token distribution:
CHA tokens are designed to provide users with utilities such as:
- Stake-based participation in the Launchpad
- Stake-based discount on trading fees
- Free discounts when using CA as a payment method
- Access to EIC (see: Marketplace)
- Payment Subsidies
- Discounts on Launchpad token sales
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.
Overall, when we look at the market as a whole, we see that many emerging projects are anonymous, although we certainly do not recommend investing in anonymous projects, it is always helpful to know more function as person name , activities, what they will do, where they come from.
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