Chainge Finance Secures $13 Million Investment to Revolutionize Cross-Chain Trading
Chainge Finance, a leading cross-chain liquidity protocol, has recently secured a significant investment of $13 million from two prominent digital asset investment firms, Gem Digital and Alpha Token Capital. The Bahamas-based Gem Digital has committed $10 million, while Alpha Token Capital (ATC) has pledged $3 million to support Chainge’s mission of transforming the long tail exchange market.
The funding will be utilized to expand Chainge’s services and enhance accessibility to global users through the implementation of artificial intelligence (AI) technology. This investment serves as an endorsement of Chainge’s vision to provide seamless access to digital assets across various chains, aligning with the growing importance of interoperability in decentralized finance.
Chainge also aims to overcome the complexities of blockchain technology with the help of the $13 million investment. By breaking down barriers in the digital assets space, the platform strives to redefine cross-chain trading standards and capture emerging opportunities in the industry.
The initial expansion initiative began in April, as Chainge sought approval from its community members to raise funds from investment companies. With approximately $100 million in total locked value, the platform proposed unlocking 50 million of its XCHNG tokens, representing around 10% of its circulating supply, to attract investment. Although the specific outcomes of this proposal have not been disclosed, it is evident that the community has supported the initiative, leading to the successful $13 million investment.
Apart from supporting Chainge’s growth and network expansion, the funding will also enhance the company’s global visibility. Additionally, a portion of the investment will be allocated to recruiting experts who can guide the integration of AI and emerging technologies within the platform.
Chainge Finance has established itself as the most liquid cross-chain crypto trading platform, positioning itself as the most advanced DEX aggregator currently available. In 2023, the platform successfully integrated with Kapsa, a blockDAG focused on developing an open and scalable payment network.
With this substantial investment, Chainge Finance is poised to revolutionize cross-chain trading and pave the way for a more accessible and efficient digital asset market.
Source: Cryptopolitan (by Enacy Mapakame)
