fbpx

DeFi Project ChangeX Lands Advisory Board From Major Industry Giants, Oversubscribes ICO by 180%

Hybrid Banking/DeFi project ChangeX is happy to announce the onboarding of a brand new advisory board, with experts of SoftBank, Merrill Lynch, and Citibank fame. These actions reflect ChangeX’s efforts to streamline institutional capital acquisition and strategic development, after successfully oversubscribing the ICO for the CHANGE token by 180% on June 1.

ChangeX’s newly formed advisory board sees SoftBank Vision Fund’s Neil Cunha-Gomes, whose crypto investments include Consensys (one of the most valued brands in the industry, behind flagship projects such as MetaMask) and Elliptic (one of the most trustworthy crypto compliance solutions providers), working alongside seasoned experts Dimiter Gurdjilov and Stefan Ivanov, who together have 50+ years of experience with capital management, finance, and investments.

“We are extremely excited to have Neil, Dimiter, and Stefan onboard as our advisory team. Together, they represent what ChangeX is about, bringing knowledge of traditional finance, cryptocurrencies, and the DeFi space – the three pillars of our project”, said ChangeX CEO Nikifor Iliev. “Neil’s experience at SoftBank, and Dimiter, who has worked for Merrill Lynch Asset Management, JPMorgan, and George Soros’ Bedminster Capital, will bring invaluable insight to ChangeX”.

The third member of the advisory board is Stefan Ivanov – an alum of Harvard Business School’s Program for Leadership Development and a senior banker with 25+ years of experience at Citibank, Banque Paribas, and Challenger Capital Management, who has also served as the CEO of Citibank in Bulgaria.

“With Stefan, Dimiter, and Neil, we feel pretty confident for the future. The CHANGE token is 180% oversubscribed.”, added Mr. Iliev. “The numbers are remarkable considering market conditions, and paint a long-term profile for investors. This is evident through our self-vesting mechanism, which many of them used to lock their tokens for an average of 11 months. The locked amount turned out so high, that when CHANGE is released on September 30, there will be only 67 million tokens in circulation in the 11 months that follow. Because of CHANGE’s design and utility, and because it is deflationary, we’re expecting a very stable and sustainable aftermarket economy ”, Mr. Iliev concluded.

After the commitment phase is completed in June, CHANGE will make its initial DEX offering (IDO) on the HYDRA DEX in the first week of July. Investors who missed the ICO will be able to buy the token on a first-come, first-served basis.

The ChangeX app and CHANGE staking are set for an official release in July, with the beta version already available on the Google Play Store and App Store.

About ChangeX

ChangeX is an all-in-one personal finance mobile app that merges traditional banking, crypto, and DeFi. ChangeX will offer users a personal bank account, access to multi-chain crypto, and high-APR DeFi tools such as Leveraged Staking, which doubles the rewards on all staked assets. ChangeX’s focus falls on passive income and crypto empowerment and will allow users to spend any in-app token on anything via its ChangeX Crypto Debit Card. Users will be able to lend their stablecoins, use locked and flexible staking, buy and pay with fiat, and swap crypto on the native ChangeX DEX, with everything being accessible in a few simple clicks.

Follow the project on Twitter and Telegram for more information and regular updates.

The Team

ChangeX.io founders Nick Iliev and Gary Guerassimov have a rich history of developing successful crypto and fintech products, among them xChange.bg – Bulgaria’s leading crypto exchange. HydraChain and LockTrip co-founders Nikola Alexandrov and Hristo Tenchev are also on board, each bringing seven years of blockchain experience to the project. The project’s CTO Martin Kuvandzhiev is one of the core developers at Bitcoin Gold – a hard fork of the source Bitcoin code, which brought decentralization back to retail traders and made mining via common GPUs possible again.

Contacts

Marketing and Communications Manager
Dimitar Rahtaliev (ChangeX)
[email protected]

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

Rate This Article
In order to improve, we give you the opportunity to rate DailyCoin content
Author

Read the most recent crypto press releases on DailyCoin to know all the latest project news from fintech and blockchain businesses. Disclaimer: This article is a press release and was not written by DailyCoin. We always aim to have the highest editorial and fact-checking standards, so if you encounter any content related issues, please contact us at [email protected]