Changex
Crypto Overview
Purpose and Utility
Changex is a DeFi platform that aims to bridge traditional finance with cryptocurrency through a mobile app offering banking, crypto trading, and DeFi services. The CHANGE token serves as the platform's native utility token, used for governance, staking, and providing benefits within the Changex ecosystem.
Business Model Analysis
The platform integrates various financial services including: crypto trading, banking services with IBAN accounts, crypto-backed loans, and a Visa debit card program. While lending features are present, they appear to be collateralized rather than interest-based.
Real-World Adoption
The platform has launched its mobile app and established partnerships with banking infrastructure providers. Trading volumes and user metrics indicate moderate adoption, though exact figures are not publicly available.
Development Activity
The project maintains active development with regular updates to their platform and mobile application. The team regularly communicates progress through official channels.
Token Distribution and Governance
CHANGE tokens are distributed across various stakeholders including the team, advisors, and public sale participants. Vesting schedules are in place for team allocations to prevent immediate selling.
Crypto Impact
To assign a comfort level investing in Changex from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Changex.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.