INITIAL COIN OFFERING
An Initial Coin Offering (ICO) is the sale of a new cryptocurrency or token created by a company to its earliest adopters, in exchange for funding for further development. It is a sophisticated and democratic way to raise funds, where every investor – big or small – can participate.
At Change, we are building the first global bank, providing a revolutionary service to people from all around the world. Our mission is to remove borders in the financial sector, and to ensure that every citizen has access to alternative financial services, finally ending the artificial monopoly created by local regulators and traditional banks.
WHY AN ICO
As we are a bank for the people, we hold our community in high regard. We humbly invite anyone who shares our vision to join our movement and create Change.
Change is raising a total of 250,000 Ether. Investors can use Ether to enter the ICO. Minimum investment: 0.5 ETH.
125 million Change Coin will be issued, with an exchange rate of 1ETH=500CAG.
We are rewarding members of Change community that help spread the word of our ICO. A total of 15% of all Change Coins will be allocated to community, R&D, and bounties.
Early investors will be rewarded with discounts and exclusive access to a Change Maker status, and a premium Change Black card. The first 500 investors will receive a discount of 30%, with other pre-sale discounts to be announced.
Change allows to spend cryptocurrencies anywhere with a premium debit card and earn rewards by paying with Change Coin. It provide the enter to the Universal Change Marketplace and access to a multitude of investment opportunities and financial services. A vast network of promising FinTech companies worldwide, consistently outperforming banks’ results. Change uses state of the art blockchain technology to provide maximum privacy and security to its users.
Attention. There is a risk that unverified members are not actually members of the team
$27 108 330
$24 733 332
Opportunities:Change has a strong team with experience working in Fintech companies. It also has a number of legit advisors, including the former CEO of DHL Global Forwarding. Although it doesn’t benefit Change’s business directly, Change has an official partnership with a sovereign government, Estonia. This is going to provide validation to Change’s concept and put it steps ahead of many other blockchain projects.Change has a very ambitious goal of providing pretty much all the services that a traditional bank provides. If successful, the upside to the business and token value can be substantial. It also allows many financial services to be paid using cryptocurrency.
Concerns:Most members of the team are working on Change and other startups at the same time, meaning they are not working in Change fulltime. It is unclear how they are going to allocate their time between different ventures.CAG tokens are not necessarily for purchases in the Change Marketplace, at least in the beginning. Users can use all major cryptocurrencies. This is going to reduce the need for CAG as a utility token.Competition – there are a number of blockchain projects in similar space as ChangeDebit card – Tenx, Monaco, Tokencard, Xapo, Mobi, Centra.Wallet – Metal, Status, Everex, Omise GO, Pillar.The roadmap is vague. In the white paper, the only milestone after ICO is “delivery of first Change crypto cards; beta for marketplace launched”. This may indicate the lack of detailed planning for the team in terms of the execution and carrying out the game plan for the project.
Conclusion:Overall, we are neutral about both the ICO’s short- and long-term potential. Our thoughts of the tokens for short term and long term are as follows:For short-term holding:Neutral. On one hand, the project has good awareness with the partnership with the Estonia government and strong team of advisors. On the other hand, presale is stalled at around 30,000 ETH. With a minimum contribution amount of just 10 ETH, there is not much to prevent small contributors from participating, so the pre-sale is essentially a public crowdsale. It seems to us that the project doesn’t have enough demand to fill the hard cap, especially in this market environment. However, the crypto market can change very quickly and given the 1-month crowdsale period, Change has plenty of time to raise funding, hence the neutral rating.For long-term holding:Neutral. We believe the team underestimates the challenges with legal and regulatory issues. With the lack of details in the white paper, we are unsure of the execution abilities of the team.What’s likely going to happen is that Change will realize there are a lot more legal hurdles than they initially thought. They will need to expand slowly, country by country after getting all the relevant licenses in each jurisdiction. Therefore, it may take a long time to realize the team's vision.Change also has a very ambitious goal of providing many different kinds of services under one umbrella. Generally, the more ambitious goal a project has, the more likely it will fail. Therefore, we believe Change is more of a high-risk high-return play.
Change aims to create an international crypto bank that offers card-based spending, seamless international transfers, and other banking services. The bank’s ecosystem revolves around the use of Change Coin (CAG).
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If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.