ChangeNOW is a web platform created for simple and convenient exchange of any cryptocurrency. Essentially, there are two types of cryptocurrency exchanges: custodial and instant ones. The former accept users’ cryptocurrency and store it within their infrastructure until requested otherwise. The latter operate on each exchange separately without storing users’ private keys. Our project is dedicated to instant exchanges. Even though at the moment they are at the beginning of the race, we believe that in the near future this type of exchange will dominate the cryptocurrency world by promoting and empowering new decentralized technologies.
ChangeNOW Instant Exchange
ChangeNow is a non-custodial exchange service designed to be safe, simple and convenient for the end users. ChangeNow stays honest with the customers and collects no hidden or inflated fees. The timing of the transaction remains rather short. Depending on the transaction volume, the processing speed can take as little as 5 minutes.
Development Roadmap
● Initial launch
● API for developers
● Official affiliate program
● Release of NOW Tokens
● Extended instruments for partners of affiliate program: widgets, buttons, API libraries
● Fixed-rate exchanges
● Integrations with multiple partners and service providers
● Improve mobile user experience
● Support of up to 200 cryptocurrencies and tokens
● Chatbots for exchanges and support in popular messengers
● Decentralized exchange
ChangeNOW Token (NOW)
In the 2nd quarter of 2018 we will issue our token, called the ChangeNOW Token. A strict limit of 200MM NOW will be created with no possibility to increase the limit. NOW will be launched on the Ethereum blockchain using ERC20 standard.
Type: ERC20
Token Ticker: NOW
Full name: ChangeNOW Token
Decimals: 8
Total supply: 200 000 000 NOW
We consider moving ChangeNOW Token to EOS network after the launch of its mainnet providing 1:1 ratio for ERC20 token holders. ChangeNOW will provide a swap mechanism to exchange ERC20 tokens to EOS-based tokens.
Gradual Airdrop
30% of NOW tokens will be distributed gradually among the users of ChangeNOW service.
For exchange users>
Every week until the limit of 30 000 000 NOW tokens reached we will be distributing tokens among all exchange users who wish to participate in the distribution. In order to participate, users should provide us with their ETH address during the exchange process. Amount of tokens allocated will be determined proportionally to the amount of funds exchanged in BTC equivalent. Proportion will be derived in the following way.
● before NOW token is listed on centralized exchange: 1 BTC amount of exchange leads to 5000 NOW airdrop
● after NOW token is listed on centralized exchange: 1 BTC amount of exchange leads to 1000 NOW airdrop
For affiliate partners>
Every week until the limit of 30 000 000 NOW tokens reached we will be distributing tokens among all active affiliate partners, proportionally to their turnover. In order to participate, partners should provide us with their ETH address through their affiliate account. Amount of tokens allocated will be determined proportionally to the amount of funds exchanged in BTC equivalent. Proportion will be derived in the following way.
● before NOW token is listed on centralized exchange: 1 BTC amount of exchange leads to 5000 NOW airdrop
● after NOW token is listed on centralized exchange: 1 BTC amount of exchange leads to 1000 NOW airdrop
Airdrop for EOS token holders
We strongly believe in the future and perspectives of EOS blockchain. That’s why 10% of NOW tokens (20 000 000) have been allocated for an airdrop to EOS token holders. Chosen EOS token holders will receive proportional amount of NOW tokens for each EOS token that they will have at the end of the EOS crowdsale (August 2018). These tokens will be transferred directly into their Ethereum (ERC20 compatible) wallet. The actual airdrop will be made as soon as possible after this date and after we have run necessary tests and checks.
Private sale
After the launch of the NOW tokens on EOS mainnet, we will invite potential investors to pass the Investor Questionnaire consisting of the following items.
Description of the investor’s objectives, which they hope to achieve by taking part in the sale
Information on the source of invested funds
Contacts
Amount of planned investments
Based on the acquired data, we will compile a White List, consisting of persons allowed to invest. We are open to all investors ready to contribute at least $50,000. In order to prevent the possible centralization of tokens in single hands, the maximum investment threshold of $500,000 has been determined.
Investment limits are a subject to change in case of significant market changes and drastic increase/decrease of interest from potential investors. Private sale will be available only to individuals and companies who have passed KYC procedure. Due to the instability of the ETH with respect to USD, the price for one token in ETH will be determined several days prior the start of the private sale.
Bounties
By doing a bounty campaign, ChangeNOW strives to achieve a number of goals, such as brand-awareness, testing, development community involvement and security improvements. Bounty program and Airdrops are an integral part of a marketing and promotional strategy for ChangeNOW. Bounty hunters will be required to apply to the program. Once confirmed, applicants will be added to a bounty communication channel for further support and discussion. Bounty starts together with the launch of NOW tokens, and finishes when all allocated tokens are spent. Bounty program will include the following tracks.
Decentralized Exchange
Centralized exchanges have a lot of potential drawback and risks. Meanwhile the decentralized exchanges (DEX) promise users to trade their tokens completely trustlessly and without having to move their funds to a centralised exchange. When a centralized exchange is compromised, millions of dollars and thousands of users are impacted all at once. In a decentralized system, any attack or failure impacts only a single user and their funds. Users are in control of their own security, which can be much better than any centralized entity. With the development of new technologies, we plan to build fully decentralized exchange system. Within new framework, decentralized trades will occur directly between users (peer to peer) through an automated process. NOW Token will be used as one of the main assets on this new platform.
Team
Roman Lapin, CEO, has 12+ years of development experience on the edge with management skills. He has built 2 development companies from scratch. Has more than two years in experience in blockchain and cryptocurrencies. His background allows him to improve ChangeNOW service daily while building the most handy exchange interface ever. https://www.linkedin.com/in/romalapin/
Sergey Sokratilin, Product Manager. Having a degree in physics, Sergey has some brilliant skills in product management. This outstanding mix allows Sergey to improve ChangeNOW on a daily basis. The team calls him simply Socrates.
Peter Sergeev, Lead Developer, is a blockchain enthusiast, he has experience in software development for 10+ years using the variety of languages and technologies such as Ruby on Rails, Elixir and NodeJs. His Blockchain experience is: building Block Explorers, working with RPC protocols of multiple currencies, working multiple exchanges API and markets data (cryptocompare, coinmarketcap etc.). https://github.com/toothfairy
Denis Kulikov, Full Stack Developer, with 3+ years of experience in the blockchain industry. His Blockchain experience is: building Block Explorers, working with RPC protocols of multiple currencies, built web light wallet, working multiple exchanges API and markets data (cryptocompare, coinmarketcap etc.). He is also keen of photography, which allows him to approach the daily tasks with a creative twist. https://github.com/altingfest
changenow website: changenow.io
changenow twitter: https://twitter.com/ChangeNOW_io
— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —-
AUTHOR: CHANAKA HASUN
MY BITCOINTALK USERNAME: chasun
MY BITCOINTALK PROFILE URL: https://bitcointalk.org/index.php?action=profile;u=2250793