Token

Chainge

April

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/chainage-seeks-expansion-through-dao-approved-funding/" data-wpel-link="internal">Chainage Seeks Expansion Through DAO-Approved Funding</a><br></p>
<p class="p1" style="text-align: justify"><a href="https://coin-turk.com/bitcoin-durdurulamaz-yukselis-buyuk-sifirlama-mi-geliyor" data-wpel-link="internal">The cryptocurrency</a> market’s upward momentum today gave way to a decline, while notable developments continue in the blockchain space. Accordingly, the decentralized finance service provider <strong>Chainage,</strong> with a total value of approximately $100 million, is trying to raise $13 million for protocol expansion, subject to the approval of token holders in its local decentralized organization (DAO).</p> 
<h2 class="p1" style="text-align: justify" id="what-s-happening-on-the-web3-platform">What’s Happening on the Web3 Platform?</h2> 
<p class="p1" style="text-align: justify">According to the instant bid dated April 1, the $13 million increase managed by an unknown venture capital firm will result in the issuance of an additional 50 million <strong>XCHNG</strong> protocol tokens, representing about 10% of Chainage’s circulating supply. The issue price of $0.26 is roughly at the same level as the XCHNG token price at the time of writing.</p> 
<p class="p1" style="text-align: justify">Users can vote on the offer by staking their local XCHNG tokens in exchange for <strong>vXCHNG</strong>, which represent voting right tokens. Developers state they will implement numerous strategies to increase usage and profitability, guaranteeing vXCHNG holders at least $1 million in profits for the second quarter:</p> 
<blockquote> 
 <p class="p1" style="text-align: justify">“As previously stated, 80% of this profit will be allocated to vXCHNG holders and distributed according to our profit-sharing mechanism as a direct benefit of the capital investment.”</p> 
</blockquote> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-336112 size-full" src="https://coin-turk.com/wp-content/uploads/2024/04/chainge.jpg" alt="" width="1200" height="600"></p> 
<h2 class="p1" style="text-align: justify" id="significant-move-for-chainage">Significant Move for Chainage</h2> 
<p class="p1" style="text-align: justify">Global expansion and visibility are the two main goals of the $13 million increase. Developers also want to hire top talent to combine artificial intelligence with the latest technology to position Chainge as a leader among AI-powered crypto innovators.</p> 
<p class="p1" style="text-align: justify">If approved, the new capital will be used not only to promote Chainage’s liquidity but also to support new partnerships, marketing initiatives, and rewards for token holders. Against a balance of 474 million circulating XCHNG, the proposal received 186 million XCHNG in favor and 7.2 million XCHNG against at the time of writing.</p> 
<p class="p1" style="text-align: justify">This move is in stark contrast to the venture capital environment of crypto ventures that typically seek new investments based on the approval of the company’s founding partners, who are shareholders. Recently, as crypto enters a new bull market and investors try to profit from this frenzy, more and more <a href="https://en.coin-turk.com/opbnb-based-ai-project-myshell-raises-5-6-million-investment/" data-wpel-link="internal">Web3</a> initiatives are turning to accelerator programs.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/chainage-seeks-expansion-through-dao-approved-funding/" data-wpel-link="internal">Chainage Seeks Expansion Through DAO-Approved Funding</a></h5>

Chainage Seeks Expansion Through DAO-Approved Funding

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