ChangeNOW Token

Halal Rating :
Comfortable
Last Price $0.13 Last updated:
Rank 1182
1D Change -5.12 %
Market Cap $10.63m
Circulating supply 84,803,670
Maximum supply 200,000,000

Crypto Overview

Overview

ChangeNOW Token (NOW) is the native utility token of the ChangeNOW cryptocurrency exchange platform. The token was created to provide benefits to users of the ChangeNOW exchange service, which offers non-custodial cryptocurrency swaps.

Purpose and Utility

The primary stated purposes of NOW token are: 1) Providing trading fee discounts on the ChangeNOW platform, 2) Serving as a governance token allowing holders to vote on platform decisions, and 3) Offering staking rewards to token holders who lock their tokens.

Business Model Evaluation

The core business model revolves around facilitating cryptocurrency exchanges and trades, which involves the actual transfer of digital assets between parties. The platform operates transparently with clear fee structures and does not engage in interest-based lending or gambling activities.

Real-World Adoption

The token has achieved moderate adoption within the ChangeNOW ecosystem, primarily used for its intended purposes of fee reduction and governance. Trading volume and holder statistics indicate active usage of the token for its utility functions rather than pure speculation.

Platform Development

ChangeNOW maintains active development of their platform and regularly updates their services. The team consistently implements new features and improvements to the exchange platform where the NOW token is utilized.

Token Distribution

While exact founder allocation details are not fully public, the token distribution appears to follow standard industry practices with vesting periods for team members. No evidence suggests excessive founder holdings or suspicious selling patterns.

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