ChangeX Building the Case for True Crypto Mass Adoption

Crypto has been with us for over a decade now. The early years of that decade were the dark ages when the light of crypto shone on very few people, and the whole industry was pretty obscure – not many knew about Bitcoin, what it was, what it did, why it was (and still is). needed, why would they have bought it.

A Ponzi scheme, a pyramid, a scam, illegal – Bitcoin and crypto, in general, were vilified and kicked around, as has sadly been the case with every novelty since, well, forever. Then came 2017 – the massive bull run led by retail investors, with new capital pouring into the blockchain space and a wave of new users entering the market. Winter followed for crypto.

Everything backfired in 2021 – the most significant push toward mass adoption of crypto in its not-so-long history. Billions of new dollars poured into the chains, millions of people started buying, trading and storing crypto, and the numbers went wild. Many retail investors started their love/hate crypto relationships in 2021 and it seemed that mass adoption was inevitable. Well, not quite.

Here comes the twist

Many of these private investors had their heads in uncharted territory, walking on very thin ice. Some of them were merely scratched, others drowned right in the vast sea of ​​opportunity and possibility.

Many were hacked. Others lost incredible amounts of money on gas charges or because they sent assets to the wrong address or network. Seed sentences were lost, scams emerged and targeted thousands of people, funds dwindled due to fees, potentially high APR assets just sat there, suffering from inflation as many users didn’t know about staking, lending or pooling crypto to passively generate income. Even in 2022, new crypto adopters are entering and continuing to enter the space, only to be met by a high wall, which is only scalable by the most tech-savvy users.

The examples go on and on, but you get the idea – crypto is a narrow gate, and many get stuck trying to break through to the other side, where DeFi’s true power lies. Crypto can never hope for true mass adoption by everyone if the builders of this new ecosystem do not strive to change its inner workings.

Nobody really has the time to create ten accounts on different platforms, buy assets on a centralized exchange, send them to a wallet with multiple assets with DEX capability (is this the right address? KYC once again, undergo then the painful process of bartering, only to get a DEX telling you it can’t estimate gas prices over and over.

Then there are separate wallets for many, many currencies, with their own intricate ways to stake out, set up nodes, access liquidity pools, look for snapshots in the hope of another airdrop, all while you sleep with one eye open because you might, for whatever reason, lose your money through hacking, scams and phishing attacks. This isn’t bad – it’s crazy.

The amount of time and effort it takes to get into crypto is mind-boggling, crippling even. How can crypto ever achieve mass adoption if people try to give up even if you explain things to them? Crypto needs to change to become the new normal, and it cannot be done by ignoring traditional finance. It can’t do it by keeping gatekeepers, by not building trust, by jeopardizing funds. Not anymore. Crypto is at a crossroads and there are two paths: change or disappear.

Building a case for true mass adoption

DeFi is still in its infancy. To gain traction globally, it needs to have a global perspective, which of course means expanding its scope. Put, crypto and DeFi need to be democratized. As it is, crypto is just too difficult and inaccessible to the general public because it couldn’t be further away from traditional finance, and that world is not behind us yet. So the path to DeFi goes through CeFi – between what is and what will be there is a chasm, a huge chasm and a bridge is needed.

This is why the idea of ​​ was conceptualized. ChangeX wants to be the bridge. Merging CeFi and DeFi elements, the ChangeX app will redefine how users approach crypto, how they use it, and how quickly they do it. Acting as a meeting point for traditional banking, cryptocurrencies and DeFi, the ChangeX app brings everything under one roof, enabling next-generation DeFi composition. For everyone. Here’s how:

ChangeX will act as a non-custodial wallet and hybrid CEX/DEX platform with cross-blockchain capabilities; ChangeX allows users to trade, store, exchange, lend, convert and deploy a plethora of assets across multiple networks; The ChangeX app wallet comes with a personal IBAN and SEPA capability, bridging the gap between traditional finance and crypto; The app provides access to the most powerful DeFi tools, including the first-ever Leveraged Staking, with leverage of up to 2x; The app also offers cross-chain flexible staking, with APRs of 80% and above (even without using Leveraged Staking); The Crypto Visa Card functionality allows users to immediately liquidate and spend their assets; By providing access to an open stablecoin market, ChangeX allows users to lend their coins for attractive APRs, while at the same time boosting the CHANGE economy;

This configurable crypto/DeFi/banking model will usher in a new phase, bridging the gap between the traditional financial model of the past and the decentralization of the future.

This unification will allow mass adoption to be achieved and truly make crypto and DeFi accessible to everyone.

The CHANGE ICO is currently live on the website and is open to everyone until May 31, 2022, without presale or subscription restrictions. During the ICO phase, a total of 150 million coins will be sold and there is a hard cap of $2.4 million, with tokens sold at a fixed price of $0.016.

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