Chynge.net (XCLP)

World’s First Payment Token with No FX Risk

Review Score
3.60/5
ICO Price
0.05 USD
Pre ICO Price
N/A
Soft Cap
80,000,000 XCLP
Hard Cap
560,000,000 XCLP
Pre ICO Start Date
29 May 2018
Pre ICO End Date
28 June 2018
Start Date
28 June 2018
End Date
30 November 2018

What is Chynge.net?

Even though banks can transfer money for their customers instantaneously, they often profit from holding these funds as their cash ‘float’. Cross-border payment fees are saddled with hidden fees from corresponding banks, in addition to the already high service fees and large foreign exchange spreads. Further, ever more complex and demanding regulatory compliance requirements on banks drive up the costs of doing transactions; these are then passed onto their customers. The global volume of cross-border payments is estimated at US $2 trn per year of which US $500bn are from migrant workers sending money home to their families. Although the fees for money transfers have dropped by 22% over the past decade, the actual fees remain high at 7-8% of Gross Transaction Value (GTV).

The technology available today including big data, biometrics, artificial intelligence and machine learning, and blockchain has spurred financial technology (FinTech) companies to create new business models and new financial products to change the way we consume financial services. Chynge democratizes payments by making them instant, free, and safe. We mitigate reglatory risks related to money laundering, terrorism financing, corruption and other financial crimes. Our financial inclusive solutions put money back into local communities that can be used for developing infrastructure, education, healthcare, and social programs, to better the lives of our customers and those they love.

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