Token

Boost

DeFi

Million

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/chainage-targets-growth-with-13-million-capital-boost-via-dao-consent" rel="noopener noreferrer nofollow">Chainage Targets Growth with $13 Million Capital Boost via DAO Consent</a><br></p>
<p style="text-align: justify">The <a href="https://en.bitcoinhaber.net/job-market-revival-in-crypto-a-post-celsius-bankruptcy-analysis" rel="noopener noreferrer nofollow">cryptocurrency</a> landscape grappled with a downturn despite the sector’s continued activity. A key player, Chainage, a decentralized <a href="https://en.bitcoinhaber.net/us-crypto-enterprises-offer-competitive-salaries-and-incentives" rel="noopener noreferrer nofollow">finance</a> service entity with an estimated $100 million valuation, is seeking a $13 million funding infusion. This fiscal push aims to amplify the protocol, contingent on the endorsement from its decentralized autonomous organization (DAO) comprising token holders.</p>
<h2 id="web3-developments-and-token-dynamics">Web3 Developments and Token Dynamics</h2>
<p style="text-align: justify">On April 1st, an undisclosed venture capital firm initiated the $13 million funding bid, which would lead to chainage releasing an additional 50 million XCHNG tokens. This issuance will expand the current supply by about 10%. The tokens are priced at $0.26 each, aligning with the market value at the announcement time. To participate in the voting process, Chainage users must stake their XCHNG tokens to obtain vXCHNG tokens, which confer voting rights. The development team assures vXCHNG holders a minimum $1 million profit share for quarter two.</p>
<h2 id="strategic-growth-and-investor-incentives">Strategic Growth and Investor Incentives</h2>
<p style="text-align: justify">Chainage’s initiative for raising funds focuses on global expansion and enhanced visibility. The funds will be allocated to hire experts, aiming to merge artificial intelligence with breakthrough technologies. The goal is to position Chainage as a frontrunner in AI-driven cryptocurrency innovation. The proposal has garnered significant support, with 186 million XCHNG tokens voted in favor versus 7.2 million against. The capital will promote liquidity, foster partnerships, enhance marketing, and reward token holders.</p>
<h2 id="implications-for-the-reader">Implications for the Reader</h2>
<ul>
 <li>Chainage’s funding initiative reflects a trend in Web3 projects seeking community-driven capital rather than traditional venture capital reliance.</li>
 <li>Investors interested in the DeFi space should monitor such DAO governance proposals, as they can impact token value and project trajectory.</li>
</ul>
<p style="text-align: justify">The approach Chainage has taken diverges from the traditional venture capital model, which relies on the consent of founding partners and shareholders. In the burgeoning wave of a new crypto bull market, an increasing number of Web3 projects are leveraging accelerator programs to attract investment and drive innovation.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/chainage-targets-growth-with-13-million-capital-boost-via-dao-consent" rel="noopener noreferrer nofollow">Chainage Targets Growth with $13 Million Capital Boost via DAO Consent</a></h5>

Chainage Targets Growth with $13 Million Capital Boost via DAO Consent

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