Chains is building a stack of interconnected cryptocurrency-enabled solutions, designed to make cryptocurrency more accessible to users who are neither investors nor technologists.
Blockchain technology has provided the whole world with an advanced and powerful technology capable of revolutionizing industries, sectors, organizations, and the world at large. Its huge potential provides a high level of security, transparency, and decentralization, which are lacking in today’s transactions. There is no denying that current blockchains guarantee the safety of users’ data, but the fact remains that none of these blockchains exist as a specially optimized decentralized blockchain architecture. with critical system design principles of first-class safety as its top priority.
Blockchain technology, as we all know, comes with a lot of promise that current blockchains have yet to deliver. But the good news is that the Chains is building a stack of interconnected cryptocurrency-enabled solutions, designed to make cryptocurrency more accessible to users who are neither investors nor technologists. Their long-term goal is to provide businesses and individuals with a single-account experience that spans the full spectrum of cryptocurrency and blockchain-based services.
Chains is a platform focused on building radically user-friendly products for earning, trading, spending and accumulating cryptocurrency. The platform is designed to help users to also engage blockchain-enabled products such as NFTs, DeFi and more. A single Chains.com account provides our users with access to a collection of interconnected products and services.
From a current market perspective, features need to address ongoing issues in order to be sustainable. Some of the services that Chains plans to tap and offer include, but are not limited to:
- Single-account Earn — Invest — Spend experience
- Token Launchpad
- Services Marketplace
- NFT and Products Marketplace
- Payment Gateway
- Debit Cards
- Cryptocurrency Exchange
Most of the products built on Blockchain technology today are too trend-driven without creating core value. With Chains, I think they have enough potential and are aware of short-term trends that will not bring a profit. The greatest innovation So, Chains gives us a feeling that certainty in the plan to build the platform is very important.
The Chains Launchpad is built from the ground up — it’s a token sale platform designed to support both native and external payment gateways, various vesting mechanisms, and a multitude of blockchains.
In terms of features, some of the key ones include:
- Accepting multiple cryptocurrencies, as well as Visa, Mastercard, and Coinbase.
- Integration with the platform’s account system.
- Clean and user-friendly design.
- Compliance with KYC and SEC 506c requirements.
- Custom vesting schedules.
- Mechanisms for presales and whitelisting
- Mechanisms for introducing bonding curves, tranches, and fixed pricing.
The main idea of the marketplace is to allow businesses to pay for both services and products using the cryptocurrency of their choosing. Meanwhile, service providers can define the types of services that they are willing to accept.
The in-built native support of dynamic payment and pricing methods means that transactions can be settled in any currency that the parties have agreed upon.
Unlike existing solutions, businesses and service providers (e.g., freelancers) will be eligible for participation in a program that provides Earned Income Credits. The main benefit for the participants in this program is that it would help them in getting through in numerous shock scenarios while also increasing the long-term retention of users.
The team is working on a fully-functional cryptocurrency exchange platform. It’s designed and structured in a way that will make it accessible to users from permitted jurisdictions. Those who take part in the Marketplace or in token sales in the Launchpad will also be able to benefit from using the integrated Exchange. The main purpose is to allow users to transact seamlessly and navigate between buying tokens on the Launchpad while also being able to spend and earn crypto on the marketplace.
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 as seamless as possible. It’s also worth noting that the exchange will inject further 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 pricing data for cryptocurrencies, comedies, and equities and is designed to deliver analytical and portfolio tracking tools for Chains platform users. The goal is to reduce the need for third-party tools as much as possible and provide an encompassing cryptocurrency experience under one roof. The primary purpose of Prism is to enable users to monitor the historical performance of assets while also providing a more basic functionality like CoinMarketCap.
CHA is the native cryptocurrency of the Chains ecosystem. It has the following token distribution:
CHA tokens are designed to provide users with utilities such as:
- Stake-based participation in the Launchpad
- Stake-based discount on trading fees
- Free discounts when using CA as a payment method
- Access to EIC (see: Marketplace)
- Payment Subsidies
- Discounts on Launchpad token sales
There are two primary subsidy pools, whose liquidity varies based on utility and transaction volumes.
- CHA Revenue pool-used to subsidize payments in CHA
- CHA Salary/EIC pool — used to subsidize underperforming sellers and freelancers on the platform
Those pools are replenished via an allocation of a fraction of the fees collected on the platform. Fees collected by the platform (regardless of the currency in which they are collected) are distributed as follows:
- 20% of the fee is allocated to the CHA Revenue pool.
- 20% of the fee is allocated to the CHA Salary Pool.
- 10% of the fee is converted to CHA (if needed) and then burned.
- 50% of the fee goes to the Chains platform to cover operational expenses.
The Omni-Currency Parametric Matching
All payments on the Chains Marketplace can be executed with multiple payment methods. As mentioned above, the settlement currency depends on the individual agreement between the parties who participate in the transaction.
When someone makes an offer for a service or a product, they can specify the price in multiple currencies and also predefine discounts and premiums. The platform would then match buyers and sellers based on their payment preferences. These can include certain parameters such as (but are not limited to):
- Currency Age
- Trade Volume
- Listing on certain exchanges
- Privacy Features
Chains has been developed with the goal of simplifying the use of blockchain technology, thus enhancing its mass adoption as its interoperability features ensure the coexistence of all blockchain users. CHA will ensure that blockchain technology is fully optimized through its universal data grid, where data can be exchanged on a peer-to-peer basis and will positively influence. I strongly believe that this is exactly what the world needs at this time.
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