Chains: Powering Crypto Trading, Spendings & Investments

By thefreethinkeer | StartUpInsider | 29 Jul 2022

The emergence of blockchain technology has triggered great advancements, particularly in the area of finance. The ecosystem has, over its few years of existence, witnessed a huge growth in the number of cryptocurrency and NFT-related solutions that did well in catching the interest and attention of the global populace.

Decentralized Finance (DeFi) products have also done quite well in strengthening the grounds for blockchain technology, as these products empower enthusiasts to seamlessly tap into various traditional banking features in a decentralized manner, giving them total control over their assets. This article talks about Chains, an ecosystem that incorporates a collection of crypto-enabled solutions tailored to push and strengthen the adoption of blockchain and cryptocurrency technology.

Introducing Chains

Chains is an ecosystem that incorporates a collection of rich products and services that are targeted at simplifying the way people adopt cryptocurrencies. Within the Chains ecosystem, users can interact with products and features that empower them to earn, trade, invest, and spend in whichever currency they desire, all without the need for any technical understanding of the underlying technology.

with a goal that is aimed at empowering individuals and business enterprises with a single account service that incorporates products that are tailored to addressing the utility and speculative experiences that span across a wide array of blockchain and cryptocurrency solutions. The Chains ecosystem is built to accommodate all classes of users, including those that are neither investors nor technologists.

Chains' collection of products is based on real-time economics since they are all focused on facilitating the use and adoption of cryptocurrencies as a medium of exchange. The ecosystem products include a host of payment gateways and marketplace solutions that will certainly attract a new class of users, particularly those that do not see themselves as investors or crypto hodlers but use crypto as a means of exchange.

Chains Ecosystem & Its Major Products

It was mentioned in the introduction that the Chains ecosystem includes a collection of products aimed at streamlining blockchain and cryptocurrency experiences for all types of users; now, let's look at some of these products and how they benefit the cryptospace.

Launchpad: This is a token sale platform that is built from scratch and designed to support native and external payment gateways, multiple blockchains, and vesting mechanisms, among several others. The native utility asset of the Chains ecosystem, CHA, is the first to be made available for purchase in this launchpad.Notably, features of Chains launchpad include but are not limited to:

Chains.com account system integration
friendly and aesthetic user interface
Users must be "KYCed" in order to comply with the US Securities and Exchange Commission (SEC).
Bonding curve with tranches and a fixed pricing mechanism
Presale and whitelisting mechanisms

Marketplace: This is a marketplace where businesses and individuals can pay for products and services with the currency of their choice. In this marketplace, providers of products and services can also decide on which curency they are willing to receive. With Chains native support of dynamic currency and pricing techniques, parties can settle transaction in any of their agreed currency.

Earned Income Credits (EIC) will be available to businesses and freelancers in the Chains marketplace to help them withstand market vulnerabilities and to encourage long-term retention and utilization of the ecosystem's products.Businesses with a significant fall in revenue will receive an offset from a revenue pool that will subsidize their earnings. Quite a competitive advantage for me!

Exchange: This is a full-fledged cryptocurrency exchange platform that is made accessible to users from jurisdictions that are permitted. Since this exchange is integrated into the Chains ecosystem in tandem with the other Chains products, users can seamlessly transition from launchpad purchases or marketplace earnings to trading on the exchange platform. This change is as simple as moving assets from a spot account to a margin account.

The exchange incorporates Chains' ecosystem utility token, CHA, in a similar way to many centralized exchanges. The token could be used to enhance trading fee reduction and staking opportunities, among several others.

Prism: This product features a collection of analytical tools that users can utilize for an enhanced experience of the ecosystem's solution, reducing reliance on third-party analytics and charting tools. Asides from primarily empowering users to view historical asset performance when paired with other currencies, this product can also feature Coingecko and CoinMarketCap-like functionalities.

Chains Ecosystem Token (CHA), Its Tokenomics & Utilities

CHA is the primary utility token that will power the operation of all economic activities within the Chains project ecosystem. The token is interoperable and currently available on the erc20, bep20, and trc20 blockchains. CHA empowers its users with access to various services and benefits that range from fee settlement to various payments within the ecosystem. A few of the CHA token utilization scenarios include, but are not limited to:

Transactions settled with CHA receive a whopping 30% fee reduction.
Stake CHA to gain access to the launchpad.
Stake CHA to get trading fee discounts.
Stake CHA to become eligible for airdrops.
Stake CHA and get access to exclusive features and tiers.

The CHA token sale is currently taking place exclusively on Chains' launchpad. Find detailed tokenomics and token sale information below.

Chains's Earned Income Credits (EIC) Feature

EIC is a feature that Chains developed to support businesses and freelancers that are suffering from temporary financial setbacks. The assets issued are from a salary support pool. This is one feature that many believed would significantly attract businesses and freelancers with an increased retention rate that comes with long-term loyalty.

Meet Chains Project Team

See Companies Associated With Chains

Chains Ecosystem Development Timeline

In Conclusion

Most certainly, Chains has a very viable solution that will attract a huge number of enthusiasts inside and outside of cryptospace. Chains' collection of features is one that places its users at the center of its entire economy, allowing them and their businesses to easily thrive from utilizing them.

Do you want to help startups or are you a company that sources and sells startups?Are you a freelancer or a business owner?Are you someone who doesn't invest or hold assets but does settle transactions in cryptocurrency? Well, Chains ecosystem is for all of you; all of these solutions have been streamlined into a single service. Please see the official links I've provided below for much more information on the concept of Chains.