Cryptocurrencies have come a long way in recent years and have cemented their place as useful financial instruments that people can use for various purposes.
However, there is still a long way to go before they become a mainstream instrument, regardless of the application.
This is where platforms like Chains enter the scene: a complete ecosystem where users can listen, trade and invest, all under one roof.
What is the Chain Platform?
The team behind Chains is working to offer a simple and interconnected product stack with the sole purpose of making cryptocurrencies and NFTs much more accessible to the new generation of users.
The company develops products that work in concert, naturally and seamlessly. They are designed and intended to allow users to earn, invest, and also spend cryptocurrencies on different services and products across multiple chains, all through a single platform. The main goal is to reduce the burden of having to learn the otherwise complex mechanics of the underlying technology as much as possible.
From a token launch platform to market research resources and a unified marketplace for NFTs, products and services, Chains has a lot to offer.
Some of the services Chains plans to leverage and offer include, but are not limited to:
- Single account Earn – Invest – Spend experience
- Token Launch Platform
- service market
- Commodity market and NFT
- Payment gateway
- Debit cards
- cryptocurrency exchange
According to the official website, the platform has already seen a whopping 500,000 pre-registered users, and it aims to make it easy to set up accounts in a way that allows users to quickly and easily connect with the products deployed on the platform.
the launch pad
Chains Launchpad is built from the ground up: it is a token sale platform designed to support native and external payment gateways, various acquisition mechanisms, and a multitude of blockchains.
In terms of features, some of the keys include:
- Accepts multiple cryptocurrencies as well as Visa, Mastercard, and Coinbase.
- Integration with the platform account system.
- Clean and user-friendly design.
- Compliance with KYC and SEC 506c requirements.
- Customized vesting programs.
- Pre-sale and whitelisting mechanisms
- Mechanisms for the introduction of bond curves, tranches and fixed prices.
The main idea of the market is to allow companies to pay for both services and products using the cryptocurrency of their choice. Meanwhile, service providers can define the types of services they are willing to accept.
Built-in native support for dynamic pricing and payment methods means that transactions can be settled in whatever currency the parties have agreed upon.
Unlike existing solutions, businesses and service providers (for example, the self-employed) will be eligible to participate in a program that provides Earned Income Credits. The main benefit to participants in this program is that it would help them get ahead in numerous crash scenarios while increasing long-term customer retention.
What is omnicurrency parametric matching?
All payments on Chains Marketplace can be executed with multiple payment methods. As mentioned above, the settlement currency depends on the individual agreement between the parties involved in the transaction.
When someone bids on a service or product, you can specify the price in multiple currencies and also pre-define discounts and premiums. The platform would then match buyers and sellers based on their payment preferences. These may include certain parameters such as (but are not limited to):
- coin age
- trading volume
- Listing on certain exchanges
- privacy features
The team is working on a fully functional cryptocurrency exchange platform. It is designed and structured in a way that will make it accessible to users in permitted jurisdictions. Those who participate in the Marketplace or token sales on Launchpad will also be able to benefit from using the integrated Exchange.
The main goal is to allow users to seamlessly transact and navigate between purchasing tokens on the Launchpad while also being able to spend and earn crypto on the market.
The ultimate goal is to make the transition from earning or spending crypto on the Marketplace to potentially trading on the exchange as simple and seamless as possible.
It is also worth noting that the exchange will inject more utility into the platform’s native cryptocurrency, the CHA token, by allowing CHA holders to enjoy reduced fees and potential staking opportunities.
Chains Prism provides price data for cryptocurrencies, comics, and stocks and is designed to offer portfolio tracking and analytical tools for users of the Chains platform. The goal is to reduce the need for third-party tools as much as possible and provide a comprehensive cryptocurrency experience under one roof.
The main goal of Prism is to allow users to monitor the historical performance of assets while also providing more basic functionality like CoinMarketCap.
The CHA token
CHA is the native cryptocurrency of the Chains ecosystem. It has the following distribution of tokens:
CHA tokens are designed to provide users with utilities such as:
- Stake-based participation in the Launchpad
- Discount based on participation in commercial rates
- Free discounts when using CA as a payment method
- Access to EIC (see: Marketplace)
- Payment Subsidies
- Discounts on Launchpad token sales
It is important to note that users will be able to participate in the token sale and purchase CHA exclusively through a launch platform on Chains.
The presale will be held on June 29. Token prices will start at $0.0104 and will increase until all 18,000,000 tokens are sold. Payment methods include BTC, ETH, BNB, TRON, MATIC, USDT, USDC, DAI, Visa, Mastercard, and Coinbase.
Full information about the presale event can be found here.
The team behind the chains
The team behind Chains is made up of experts in various fields and segments required for the full range of tools the platform offers.
anderson mccutcheon – Founder and CEO. Former co-founder of Unicoin and Synereo, as well as Director of EU Player Acquisition at online gaming giant Riot Games. Previously, Anderson held senior positions at 888 Holdings and PokerStars (Flutter Entertainment).
yosi megrel – CPO. Megrel is the Product Manager for Chains and has a lot of experience in the field of blockchain product design, being the founder and CEO of TrustBlock. He also has a background in markets and finance as a former COO at GM Media Group and has also worked as a Foreign Exchange Trader.
Dr Assaf Patir – Economist. Assaf has a Ph.D. from Northwestern in Economics and a Ph.D. in Physics from the Weitzmann Institute of Science.
artur babyuk – CTO. With more than 10 years of experience in software development, Artur Babyuk is the technical director of Chains. Previous experiences include working at Dynatech in Latvia as a Solution Architect, DevOps and R&D Engineer.
mange lamplighter – CEO. He is also a co-founder of TradeOff Financial Corp and a global head of GG Poker. Lightman is the CEO of Coinomy.
In conclusion, Chains looks like a project with an exciting value proposition and a solution to multiple problems currently plaguing the cryptocurrency industry. The approach to uniting a significant set of instruments under one roof is attractive and easy to use, especially for people without considerable experience in the challenging field of cryptocurrencies.
However, most of the products are still in development, so it is interesting to see how they will develop once they are delivered and usable.