Cryptocurrencies assert themselves through Chains

Chains

Introduce

In recent years, the financial markets have been depressed and inflation has raged everywhere. This is the growth opportunity of cryptocurrencies. In other words, this is the golden age of the crypto market. That is why during this time, countless cryptocurrencies were born, but the most prominent and most interesting is probably the Chains cryptocurrency project. It basically defines the conditions under which all parties use the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way, users can be sure that the result is correct. Chains considers decentralized finance to be a special and important segment of the blockchain community. Chains contain all the major DeFi applications integrated into the core of the chain, not written by smart contracts, such as dapps swaps, lending, and insurance. Although officially launched recently, can chains attract a lot of attention from a large number of people, thrive and achieve many bright names in this market development? To answer these questions and help people better understand the Chains project, we have covered them at the end of this article.

About

In general, the cryptocurrency market was born when our economy turned a new and better page. I believe the Chains project will continue to bring us more, 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.

1. Earn — Invest — Spend single account experience.
2. Token Launchpad
3. Prism Analytics
4. Cryptocurrency Exchange
5. Services Marketplace
6. NFT and Products Marketplace
7. Payment Gateway
8. Payment Cards
9. Business Tokenization Launchpad — businesses integrated with Chains.com can be tokenized, raising capital based on transparency of revenue and performance.
10. Earned Income Credits (EIC) will assist market participants with surviving various shock scenarios.
11. CHA Token — offering subsidies, discounts and enhancements across all Chains products.

Alongside products aimed at addressing the speculative and financial utility of cryptocurrency, Chains is developing multiple products focused on the “Real Economy” — products designed to facilitate the use of cryptocurrency as a medium of exchange. The Marketplace and payment gateway products are designed to attract a new kind of user, one which does not perceive themselves as an investor and is not one to prioritise long term holding of cryptocurrency over using it as a medium of exchange.

Launchpad

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.

Marketplace

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.

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
• Chain
• Trade Volume
• Listing on certain exchanges
• Privacy Features

Exchange

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, by allowing CHA holders to enjoy reduced fees and potential staking opportunities.

Prism

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.

Roadmap

2020: Pre-registration

2021:

Q3- 300,000 registered

Q4- Onboarding Begins

2022:

Q1- Public Launch

Q2- Launchpad Beta

Q3- CHA Token Sale

Q4- Prism Analytics Launch

2023:

Exchange launch

Automated Yield

2024:

Marketplace

Partner

CHA Token Distribution

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

Official Links

Website: https://chains.com/
White Paper: https://chains.com/doc/Chains_Whitepaper_en.pdf
Twitter: https://twitter.com/chains_com
Telegram: https://t.me/chains_com
Linkedin: https://www.linkedin.com/company/chainscom

“A sponsored article written for a bounty reward.”