[PRESS RELEASE – Sofia, Bulgaria, 9th June 2022]
Hybrid Banking/DeFi Project ChangeX is proud to announce the onboarding of a new Advisory Board consisting of experts from the renown of SoftBank, Merrill Lynch and Citibank. The move reflects ChangeX’s efforts to streamline institutional capital acquisition and strategic development, after successfully oversubscribing the ICO for the Change token by 180% on June 1.
ChangeX’s newly formed advisory board oversees Neil Cunha-Gomes of SoftBank Vision Fund, whose crypto investments include ConsenSys (one of the most reputable brands in the industry, behind major projects like MetaMask) and Elliptic (one of the most trusted crypto compliance solutions providers). a) are included. , working with experienced experts Dmitry Gurjilov and Stepan Ivanov, who have 50+ years of experience with finance, investments and capital management.
“We are extremely excited to have Neil, Dimiter and Stefan as our advisory team. Together, they bring knowledge of the three pillars of our project – traditional finance, cryptocurrency and the DeFi space – said ChangeX CEO Nikifor Iliev. Huey represents about ChangeX. “Neil’s experience at SoftBank, and Dimiter, who has worked for Merrill Lynch Asset Management, JP Morgan and George Soros’ Bedminster Capital, will bring invaluable insight to ChangeX.”
The third member of the advisory board is Stepan Ivanov – an alumnus of Harvard Business School’s Leadership Development Program and a senior banker with 25+ years of experience at Citibank, Banque Paribas and Challenger Capital Management, who also served as CEO There is Citibank in Bulgaria.
“Together with Stephen, Dimiter and Neil, we feel very confident about the future. Change token is 180% oversubscribed.”, added Mr. Iliev. “The numbers are remarkable given the market conditions, and paint a long-term profile for investors. This is evident through our self-contained mechanism, which many of them used to lock their tokens in for an average of 11 months. The locked amount turned out to be so high that when CHANGE is issued on 30 September, only 67 million tokens will be in circulation in the 11 months that follow. Because of CHANGE’s design and usability, and because it is deflationary, we are expecting a very stable and sustainable aftermarket economy”, concluded Mr Iliev.
After the commitment phase, where investors pay off their balance deposits, is completed in June, Change will make its initial DEX offering (IDO) on Hydra DEX in the first week of July. Investors who missed the ICO will be able to purchase tokens on a first come, first served basis.
ChangeX App and Change Staking are ready for official release in July, with beta version already available on Google Play Store and App Store.
ChangeX is an all-in-one personal finance mobile app that merges traditional banking, crypto and DeFi. ChangeX will provide users with a personal bank account, access to multi-chain crypto, and high-APR DeFi tools such as leveraged staking, which doubles the rewards on all staked assets. ChangeX’s focus is on passive income and crypto empowerment and will allow users to spend any in-app token via their ChangeX crypto debit card on anything. Users will be able to lend their stable coins, use locked and flexible staking, buy and pay with fiat currency, and swap crypto on the local ChangeX DEX, all accessible in a few simple clicks. It is possible
Follow the project on Twitter and Telegram for more information and regular updates.
ChangeX.io founders Nick Iliev and Gary Gurasimov have a rich history of developing successful crypto and fintech products, among them xChange.bg – Bulgaria’s leading crypto exchange. Hydrachain and LockTrip co-founders Nikola Alexandrov and Histo Tenchev are also on board, each bringing seven years of blockchain experience to the project. The project’s CTO Martin Kuvandziev is one of the main developers of Bitcoin Gold – a hard fork of the source bitcoin code that brought decentralization back to retail merchants and made mining possible again via normal GPUs.
PrimeXBT Special Offer: Use this link to register and enter code POTATO50 to get up to $7,000 on your deposit.