ChangeX Building the Case for True Crypto Mass Adoption

Crypto has been with us for more than a decade now. The first years of that decade were the Dark Ages when the light of crypto shone on very few people, and the whole industry was pretty much obscure – not many knew about Bitcoin, what it was, what it did, why it was (and still is) needed, why should they have bought it.

A Ponzi scheme, a pyramid, a scam, illegal – Bitcoin and crypto, in general, were slandered and kicked around, as sadly has been the case with every novelty since, well, forever. Then came 2017 – the massive retail investor-led bull run, which saw new capital pour into the blockchain space and a wave of new adopters enter the market. Winter followed for crypto.

Everything recoiled in 2021 – the most significant push towards mass adoption for crypto in its not-so-long history. Billions of fresh dollars entered the chains, millions of people started buying, trading, and storing crypto, and the numbers went wild. Many retail investors started their love/hate crypto relationships in 2021, and it seemed like mass adoption was inevitable. Well, not quite.

Here Comes the Twist

A lot of these retail investors entered into unknown territory head-first, walking on very thin ice. Some of them merely got scratched, others just straight out drowned in the massive sea of opportunity and possibility.

Many were hacked. Others lost incredible amounts of money to gas fees or because they sent assets to the wrong address or the wrong network. Seed phrases were lost, scams emerged and pointed their stings at thousands of people, funds dwindled due to fees, potentially high APR assets just sat there, suffering inflation, because many users did not know about staking, lending, or pooling crypto to generate passive income. Even in 2022, new crypto adopters enter and keep entering the space, only to be met by a high wall, scalable only by the most tech-savvy users.

The examples go on and on, but you get the idea – crypto is a narrow gate, and many get stuck while trying to break through to the other side, where the true power of DeFi lies. Crypto can never hope for true mass adoption by everyone if the builders of this new ecosystem don’t strive to change its inner workings.

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No one really has the time to make ten accounts on different platforms, buy assets on a centralized exchange, send them to a multi-asset wallet with DEX capability (Is it the right address, though? Better quadruple check that…), go through KYC for the n-th time, then suffer the painful process of swapping, only to have a DEX tell you that it cannot estimate gas fees over and over again.

Then there are separate wallets for many, many currencies, with their own intricate ways of staking, setting up nodes, accessing liquidity pools, watching out for snapshots in hopes for another airdrop, and all this while you sleep with one eye open because you might, for some reason, lose your funds to hacking, scams, and phishing attacks. This is not bad – it’s crazy.

The amount of time and effort needed to get into crypto is mind-boggling, crippling even. How can crypto ever achieve mass adoption if people give up on trying even as you explain the stuff to them? Crypto needs to change in order to become the new normal, and it cannot do that by ignoring traditional finance. It can’t do it by gatekeeping, by not instilling trust, by putting funds at risk. Not anymore. Crypto is at a crossroads, and there are two paths – change or disappear.

Building the Case for True Mass Adoption

DeFi is still in its infancy. To gain global traction, it must have a global outlook, which means, of course, that it needs to expand its scope. Put, crypto, and DeFi must be democratized. As is, crypto is just too hard and inaccessible to the general public because it cannot be farther away from traditional finance, and that world is not behind us yet. Thus, the path to DeFi goes through CeFi – between what is and what will be is a divide, a massive chasm, and a bridge is needed.

This is why the ChangeX.io idea was conceptualized. ChangeX aims to be the bridge. By merging CeFi and DeFi elements, the ChangeX app will redefine how users approach crypto, how they use it, and how quickly they do it. Acting as a meeting point for traditional banking, crypto, and DeFi, the ChangeX app will bring everything under one roof, enabling next-generation DeFi composability. For everyone. Here’s how:

  • ChangeX will act as a non-custodial wallet and a hybrid CEX/DEX platform with cross-blockchain capability;
  • ChangeX will allow users to trade, store, swap, lend, convert, and stake a plethora of assets across multiple networks;
  • The ChangeX app wallet will come with a personal IBAN and SEPA capability, bridging the gap between traditional finance and crypto;
  • The app will provide access to the most powerful DeFi tools, including first-ever Leveraged Staking, with up to 2x leverage;
  • The app will also offer cross-chain flexible staking, with APRs of 80% and higher (without even using Leveraged Staking);
  • Crypto Visa Card functionality will let users immediately liquify and spend their assets;
  • Providing access to an open stablecoin market, ChangeX will empower users to lend their coins for attractive APRs, all the while boosting the CHANGE economy;

This composable crypto/DeFi/banking model will bring on a new stage, bridging the gap between the traditional financial model of the past and the decentralization of the future.

It is through this unification that mass adoption can be achieved, and crypto and DeFi are made truly accessible to everyone.

The CHANGE ICO is currently live on the ChangeX.io website and will be open to everyone until May 31, 2022, with no pre-sale or limitations to enrollment. A total of 150M coins will be sold during the ICO phase, and there is a hard cap of $2.4M in place, with tokens sold at a fixed price of $0.016.

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Source: https://cryptopotato.com/changex-building-the-case-for-true-crypto-mass-adoption/