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Chainge DAOChainge DAOby0x031abdD6d8deA88a7E3a903dbfEA48ef32b09a05chaingers.eth

$13 Million USD Capital Investment Proposal

Voting ended almost 2 years agoSucceeded

Proposal Overview

This proposal requests DAO approval for a 13 Million USD capital injection from a prominent investment group. Consequently, 50 Million XCHNG tokens out of the investment allocation will enter circulation - which equates to approx 10% of the current circulating supply. This investment is set to supercharge the utilization of Chainge products & services, empowering us to ensure a minimum of $1 Million USD in profit for Q2

TL;DR

Securing a $13M USD capital injection Adding into circulation 50 million XCHNG from the investment allocation Guaranteeing $1 million USD in Q2 profit Motivation

The investment’s goal is to catapult Chainge into a new era, transforming us into the premier AI-powered exchange that stands at the forefront of the industry. This capital will not only accelerate our growth and boost product usage but will also mark the beginning of an expansion phase powered by breakthrough technology. We commit to evolving Chainge into a global exchange protocol, leveraging the most sophisticated AI technologies available. Following the investment, connections with prominent global financial networks will be facilitated, as well as incorporating advanced functionalities and welcoming a wide global user base. This endeavor will focus on two main drivers: firstly, global expansion and visibility, with aggressive marketing efforts designed to establish Chainge as a trusted name worldwide; and secondly, technological evolution by recruiting top-tier talent to fuse AI with cutting-edge technology, revolutionizing the crypto exchange landscape and positioning Chainge as a leader in AI-powered crypto innovators

vXCHNG Holders Incentive

We are set to implement numerous strategies to enhance usage and profitability, as a result enabling us to assure vXCHNG holders a minimum of $1 Million in profit generation for Q2. As previously stated, 80% of this profit will be allocated to vXCHNG holders, distributed according to our profit-sharing mechanism, as a direct advantage of the capital investment.

Benefits

Accelerates Chainge’s overall growth and technological advancement Enhances liquidity and rewards for vXCHNG holders as resulting benefits Supports new partnerships, marketing avenues and feature development, bolstering Chainge’s market position

Implementation

If approved, Chainge will engage in detailed coordination with the venture capital institution(s) to oversee the precise management of token circulation. It's crucial to understand that introducing the prudent amount of 50 million tokens into circulation is not a precursor to a rapid token release. Rather, it marks the beginning of a strategic long-term partnership between Chainge and the VC institution. This collaboration is designed to support our enduring growth and significantly enhance our visibility in new markets, laying a foundation for sustained mutual success and global expansion

Conclusion

This strategic investment not only underpins our expansion and innovation efforts but also reinforces our dedication to community value. It's a pivotal step towards realizing Chainge's full potential in the DeFi landscape.

Next Steps

Pending DAO approval, we will advance with the particulars of the investment and detail the precise arrangements and plans. Your support for this proposal will be instrumental in propelling Chainge forward into an exciting future of growth and innovation.

Off-Chain Vote

YES (support)
194.13M vXCHNG95.3%
NO (don't support
9.6M vXCHNG4.7%
Download mobile app to vote

Discussion

Chainge DAO$13 Million USD Capital Investment Proposal

Timeline

Apr 01, 2024Proposal created
Apr 01, 2024Proposal vote started
Apr 08, 2024Proposal vote ended
Aug 21, 2024Proposal updated