1️⃣Changer Explained

1. Token Details

1) Coinmarketcap / Coingecko 2) Buy $CNG - MEXC - Coinstore - Uniswap - allswap 3) Token Contracts (ERC-20) 4) Total Supply: 196,547,785 5) Distribution: Monthly Schedule 6) Token Claim: Vesting Portal (Claim Guide) 7) Token Icon: Download 8) Audit: Download the Full Changer Contract Audit Report by Certik

// Smart Contract Info for Changer
// Type: Ethereum ERC-20

9) Legal

From October 2021, DFX Pte. Ltd., a Singaporean corporation that developed Changer, and Chain Partners Inc., DFX's parent company located in South Korea, underwent 3rd party legal review by Renaissance, a law firm specialized in digital assets, whether Changer complies with the capital market laws and whether Changer is security tokens or sort of stock, based on Changer's whitepaper and business plan.

As a result, DFX Pte. Ltd. and Chain Partners Inc. received a 16 page long legal review that confirms Changer is neither security tokens nor stock on November 2nd, 2021. Whenever Changer is to be listed on the exchanges, this report will be submitted. This legal report that contains lawyers' verification will be open to anyone who wants to read.

[Disclaimer]

Digital assets are not legal tender and carry the risk of principal loss upon purchase. Changers are not securities such as stocks, bonds, or investment contracts and do not grant any rights to alliance products or operating entities. The purchase or holding of Changer should always be exercised with caution, and DFX Pte. Ltd. and its affiliates do not guarantee principal or provide any financial guarantees or warranties. All responsibility for the purchase and holding of tokens lies solely with the buyer. Changers are not linked to the success or failure of any business beyond simple marketing and promotional purposes.

The token overview, utility, manifesto, and circulation data are for reference purposes only and are not guaranteed or warranted to be accurate to anyone. All information presented here is subject to change without notice based on market conditions, regulatory environments, and business success or failure. The token circulation data is based on information available to the issuer, but it may not be accurate depending on the time of assessment and the aggregation method, and is therefore not guaranteed or warranted.

2. Purposes

1) Unique Human

Why Unique Human (UH): Over 5.7 million humans have verified World IDs but it's very difficult for them to find apps that use them, and vice versa. Unique Human solves this by connecting verified World ID holders with apps built for them, aiming to create a thriving community of verified users.
As a Native Currency: Changer tokens power the Unique Human (UH) platform, serving as its native digital currency. The tokens are used as utilities when users participate in various airdrop events, stakings, and more.
As a Unique Human DAO: Changer contributes to the Unique Human DAO, a group of projects and individuals working to make UH sustainable and beneficial for everyone.

2) The Decentralized Alliance Crypto for Web3 & AI products

Why the Decentralized Alliance crypto: Web3/AI products want crypto for engagement, but creating and managing it's a nightmare (issuing, exchanges, regulations). Many ditch it entirely. Changer offers a solution: an alliance crypto for these products. This shared approach safeguards everyone and frees products to focus on what matters - building great features. Alliance members can collaborate, promote each other, and connect features to accelerate growth. Everyone wins: products engage users with crypto, and regulations become a shared challenge.
Utilities
- Payments & Transactions: Buy or sell with $CNG. Simplified transactions, unified payment system across the ecosystem.
- Cross-promotion & Collaboration: Exclusive offers & features across platforms using $CNG.
- Staking & Governance: Hold $CNG to influence platform development.
- Referral Rewards: Earn $CNG for bringing new users.
- In-platform rewards: Get $CNG for participating and being awesome.
Joining the Changer Ecosystem: Web3, AI, and all kinds of products and services (online and offline) can join Changer after screening. We aim for open participation, boosting token demand for everyone involved.
Sidenote: As the Alliance continues to expand, this content may be updated at any time. Since each product is akin to a living organism, token usage methods may change at any time based on the business decisions of each product.

3. Active & Upcoming $CNG Utilities

1) Unique Human

Unique Human (UH) connects World ID holders ("Unique Humans") with DApps offering exclusive benefits like airdrops and whitelists, for real people, not bots. UH is powered by Changer ($CNG).

Verified World ID holders ("Unique Humans") can use $CNG to transact with stakings, airdrops, whitelistings, and more.

2) Feeturn

Feeturn is a trading fee cashback platform empowering users to recoup a portion of the fees they incur while trading on Perpetual DEXs.

On a quarterly basis, Feeturn will dedicate a significant portion of its profits — a staggering 20% — to buy back $CNG tokens.

3) allswap

allswap is a DEX Aggregator that allows users to swap all tokens on EVM-based chains. In addition to developing its own aggregation engine, allswap compares prices with other DEX Aggregators such as 1inch, Paraswap, and Matcha to find the best price. It is the world's first EVM DEX AoA (Aggregator of Aggregators). With allswap, users can find the best price for token exchanges on EVM-based chains from anywhere in the world.

Allswap prioritizes projects that stake $CNG, giving them prominent placement on the platform. This ensures new tokens gain increased exposure to DeFi investors, essentially using $CNG as a launchpad currency.

Changer is staked as collateral, not paid or consumed. Therefore, if a project wants to revoke its exposure on the allSwap service, it can receive a full refund of its tokens at any time. As of March 2023, the amount of Changer staked for top exposure on the allSwap UI is as follows. This staking amount is subject to change at any time depending on the popularity of slots.

4) Gambit

Native Token of Gambit Exchange

Gambit, the world's first zkEVM-based high-performance perpetual futures exchange, catered to a range of cryptocurrencies and forex, was launched in November 2023.

Changer will serve as the base token for this exchange. This DEX maximizes capital efficiency through the use of a single LP pool and adopts a cash settlement method instead of physical delivery, allowing for a wide range of products to be listed. The ERC-4626 standard is applied so that assets tied up as LP can also conveniently liquidated.

Furthermore, as the world's first zkEVM-based derivatives exchange, it allows for extremely fast performance with extremely low gas fees. In addition, to address the centralization issue of oracles in derivative DEXs that has been persistently criticized, it proactively applies a decentralized oracle-specific L1 to pursue maximum transparency. For more information on the features of Gambit, please refer to the Gambit docs.

Here's how the Changer will be utilized on Gambit.

A portion of the closing fee from the transaction will be distributed to token stakers.
Referral commission rates will be applied differentially according to the staking amount (up to a maximum of 80% of the trading fee).
Governance voting for adjusting various parameters such as determining future development features and fees.

5) Wrks AI

Provision of Wrks AI Paid Accounts

Wrks AI, a service provided in Korean, is a product that enables users to conveniently utilize a range of generative AI models in their native language. This product introduced its paid subscription option in August 2023.

Wrks AI's paid account offers enhanced professional functionality by utilizing GPT-4, the latest Large Language Model developed by OpenAI. Subscribers can access unlimited image creation with state-of-the-art generative image AI models, voice input, and voice output using the latest generative AI technologies, all without any limitations.

Wrks AI paid accounts can be conveniently accessed through Google and Apple subscriptions for user convenience. Additionally, by purchasing a certain amount of Changer, users can gain unrestricted access to various services that utilize the latest generative AI models.

Wrks AI plans to continue introducing the latest AI models, allowing users to enjoy the benefits of various AI technologies easily and conveniently.

6) Changer House

Changer House Payment Integration

Changer House (This service is provided in Korean), renowned for offering a blend of on/offline experiences and localized in the vibrant heart of Seoul, South Korea, is an invitation-only community often likened to the 'Korean version of Soho House'. With a considerable waiting list that showcases the demand for its distinctive membership, Changer House is a symbol of exclusivity.

In a forward-thinking shift from traditional transaction methods, we are pleased to announce that Changer House is actively investigating the implementation of Changer Tokens as our official medium of exchange for the procurement of services and merchandise within the establishment. This initiative is being developed to streamline financial interactions, reinforcing the sense of community by providing a seamless and integrated member experience.

Projected to fully inaugurate its operations in the near future, Changer House is not yet open for regular activity. However, the anticipation for its concept of blending an exclusive community with a sophisticated token-based economy is building rapidly.

While the dynamic advent of our community is still on the horizon, the introduction of Changer as a currency within Changer House is setting the foundation for a unique economic model unheard of in traditional member clubs. Specific details regarding the functional use of Changer Tokens will be made available to our members in alignment with our operational rollout.

As we edge closer to our official opening, we continue to curate our member base and refine our offerings. The anticipation for the unique synergy of luxury community living, paired with an innovative transactional approach, signals a new chapter in the realm of membership experiences.

4. Key Points in Designing Token Utilities

The issuing company has fully revised the functionality of its token to align with the market environment and product situation in 2024, as its long-developed alliance product, Altpro and Gambit, is officially launched two and half years after token issuance.

The key objectives of the modified token functionality are as follows:

To proactively prepare for future regulations related to securities, Changer will firmly establish itself as a pure utility or payment token that does not include distribution rights for dividends or surplus profits.
Changer will strive to promote widespread use of its token across various products and partnerships, so that the fate of the token is not solely determined by the success or failure of a single product.
As Changer continues to add partnerships, each partnership is designed to encourage long-term staking of the token, gradually increasing demand while reducing the supply and circulation of the token.
In the long run, Changer aims for a structure in which multiple services and ecosystems share a single token, rather than relying on any one individual or factor.

Accordingly, Changer will continue to secure various use cases in the future.

[Disclaimer]

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Last updated 5 months ago