Tokenomics
Token Utility in Alliance Products 1) Altpro 2) allswap 3) Gambit 4) Wrks AI 5) Changer House
1. Changer: The Decentralized Alliance Crypto for Web3/AI products
Many Web3/AI products aim to leverage crypto to enhance user engagement. However, issuing crypto, listing on an exchange, market making, and creating and operating a community are laborious tasks. Furthermore, complex and uncertain regulatory issues in various countries have led many products to abandon creating their own cryptos. Despite this, there remains a part of the product where crypto can be utilized effectively.
1) The Changer Solution
Changer aims to be an alliance crypto for cutting-edge Web3/AI products. This approach ensures that the success or failure of one product does not determine the fate of the crypto, providing safety for all crypto holders. Additionally, each product can avoid many difficult and cumbersome tasks, allowing them to focus more on their core features and increasing their chances of success.
Products within the alliance can support and promote one another, sharing user bases, promoting new product updates collectively, and connecting features to foster faster growth. Simultaneously, individual products can pursue user engagement using digital assets without worrying about non-product-related issues.
As compliance with regulations becomes more challenging, a collaborative effort to use a single crypto and share its benefits can create a win-win situation for everyone. This is the driving force behind the creation of the Changer.
2) Joining the Changer Ecosystem
Web3, AI, and various online and offline products and services can participate in the Changer ecosystem after undergoing a specific screening process. The ultimate goal is to enable anyone to freely participate in the ecosystem and increase the demand for tokens, regardless of their product or service.
3) The Goal of Changer
Changer aspires to become a primary payment token in the digital economy, accessible and usable by everyone, everywhere. The following sections provide an overview of the products currently participating in the Changer Alliance and how each product will utilize the token.
As the Alliance continues to expand, this content may be updated at any time. Furthermore, 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.
4) Usage of Changer in Alliance Products
Changer can be utilized in various ways within the products participating in the Alliance. While the specific use cases may differ among the products, the overall goal is to enhance user engagement, promote collaboration, and foster growth among Alliance members. Here are some common ways the Changer can be employed within the Alliance products:
Payments and Transactions: Changer can serve as a payment method for purchasing goods, services, or premium features within the Alliance products, simplifying the transaction process and providing a unified payment system across the ecosystem.
Cross-promotion and Collaboration: Alliance products can use Changer to facilitate cross-promotion and collaboration among members, enabling users to access exclusive offers, discounts, or features by utilizing their tokens across multiple platforms.
Staking and Governance: Users holding Changer can participate in staking or governance decisions within the Alliance products, enabling them to influence the development and direction of the platforms.
Referral and Affiliate Programs: Alliance products can leverage Changer for referral or affiliate programs, encouraging users to invite others to join the platform or ecosystem and rewarding them for their efforts.
Rewards and Incentives: Alliance products can use Changer to reward users for their participation, contributions, or achievements within the platform, incentivizing continued engagement and loyalty.
As the Changer Alliance continues to expand, the ways in which tokens are used may evolve based on the specific needs and goals of each participating product. This flexible approach allows the Alliance to remain adaptive and responsive to the changing landscape of the Web3/AI and digital economy sectors.
2. Token Utility in Alliance Products
1) Altpro
Changer serves as the fundamental currency within the Altpro ecosystem and will be extensively utilized in various Altpro products in the future. The specific use cases are as follows.
(1) Discounts on Altpro trading fees and additional referral rewards
Altpro is a platform where users can freely exchange over 12,000 types of tokens. Customers can deposit either cryptocurrency or fiat currency and purchase the desired cryptocurrency. If a user holds Changer in their account within this service, they can receive a discount on transaction fees and additional rewards through the referral program. The specific amount of tokens held and the discount rate are as follows.
The program is scheduled to be implemented during the first half of 2024, following the service launch. Please note that the specific amount of tokens held, discount rates, and additional rewards may be subject to change at the start of the program. In compliance with regulations, trading of tokens may be restricted based on the customer's KYC country, and the availability of Tiers may vary depending on the KYC country.
(2) Top Exposure of Changer Token list
Due to the vast number of tokens available on Altpro, there is very little chance that your token will be displayed at the top of the token list. However, if your token is difficult to find, it is less likely to be traded. Therefore, Altpro has decided to increase trading potential by displaying project tokens at the top of the token list if they stake a certain amount of Changer.
Changer are not paid or consumed, but rather staked as collateral. If you wish to revoke the top display of your token, you can receive all of your staked tokens back at any time. As of Q1 2024, the amount of Changer staking required for top display on Changer's token list is as follows. This staking amount is subject to change depending on the popularity of the slots.
To distinguish tokens from projects that have paid Changer, they may be tagged as [Ad] in the token list, separate from the default token list.
2) allswap
Top Exposure on allswap Token List
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. Changer is used for advertising purposes to be featured prominently on the allswap UI.
New tokens face significant challenges in gaining visibility on the user interfaces of DEXs or aggregators. This issue is only becoming more pronounced as the variety of cryptocurrencies expands rapidly. To address this, allSwap prioritizes projects that have staked a specific amount of Changer, ensuring that new tokens receive increased exposure to DeFi investors.
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.
The tokens of projects that have paid with Changer may be tagged as [Ad] to distinguish them from other base tokens.
3) 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.
4) 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.
5) 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.
3. 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]
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.
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