Chintai 2.0 & CHEX Update
The CHEX Token Auction Starts March 29th, 2019
The Future of Chintai
Since announcing Chintai 2.0 and the CHEX token, we’ve been building a platform that will carve a path towards the ability to “Lease Everything”. The Chintai leasing platform will facilitate cross-chain resource leasing, capable of leasing any token utility on any blockchain network. Additionally, Chintai will enable the exchange of virtually any tokenized asset, with any currency.
CHEX Token Auction
The CHEX token auction will officially begin March 29, 2019. We’ve honed the CHEX token economics to support the future of Chintai. CHEX will act as the base token economy that connects all markets within the Chintai exchange ecosystem. Full details of the token auction and CHEX tokenomics will be released in a separate announcement.
CHEX Utility, Features, & Economics Summary
CHEX will be the native utility token at the heart of the Chintai ecosystem that will facilitate leasing of any digital asset across any blockchain
Users holding CHEX will receive reduced trading fees
Fees accumulated on all Chintai markets will be used to buy and burn CHEX at market rate on a continuous basis resulting in constant deflationary pressure on the circulating token supply
CHEX will incentivize and support long-term circular usage within the EOSIO-based resource economy and give businesses and users a seamless, single point of entry to service all resource needs.
Roadmap Overview
The first release of Chintai 2.0 will lay the foundation for a highly personalized leasing experience that easily molds to your desired trading needs. There will also be new markets added within the first several months of deployment including REX, LiquidApps DAPP Token, and NFTs (non-fungible tokens). By Q1 of 2020 several novel markets will have been deployed.
Chintai 2.0 will offer several new financial instruments to personalize user experience, and enable EOSIO token holders to profit from their unused resources.
Q1 2019
- CHEX token auction begins March 29, 2019 spanning 240 days
Early Q2 2019
- Chintai 2.0 + OTC lending market launch on testnet for closed beta testing
Chintai 2.0 Features will include:
Cross market order filling with auto-renewal
Native market orders
New UI with trade history reporting functionality
Utilization of APR (annual percentage rate) to accurately reflect standardized rates across all leasing markets
New integrated REX interface
Automated RAM management for orders held in Chintai
Support for airdrops on the EOS mainnet
Current 3–6 day unstaking time reduced to 73 hours
Highly customizable lease durations
OTC, and more
Late Q2 2019
Chintai 2.0 + OTC lending market launch on mainnet with CHEX token fully integrated
Launch DAPP Network token utility leasing and enable future listing of other EOSIO utility tokens
Launch of P2P token leasing to facilitate lending while maintaining full custody of tokens including voting rights
Q3-Q4 2019
Readiness to launch the Chintai platform on additional EOSIO chains (Worbli, Telos, Boscore, etc.)
Chintai DEX deploys
2020+
NFTs (non-fungible token) leasing deploys
dApp Bonds market deploys
Issuance and secondary trading markets deploy
EOS and CHEX Token Futures platform deploys for hedging and speculative trading
Cross-chain token leasing and trading beyond EOSIO blockchains
Launch of external fiat currency pairings on the Chintai DEX
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DISCLAIMER
This Announcement is for information only and does not constitute any related opinions on investing in the Chintai token leasing platform, nor does it constitute any investment recommendation. This Announcement shall neither constitute nor be construed as providing any trading activity or any solicitation to buy or sell CHEX tokens, nor is any formal contract or commitment. Investors shall be considered as being aware of and accepting the project risks and willing to bear all the corresponding consequences for the investment once they made any investment. The Chintai team states clearly that Chintai will not be responsible for any direct or indirect loss resulting from investing in the Chintai leasing platform, CHEX, or any aspect of the Chintai project. CHEX ownership does not constitute control rights or ownership of the Chintai leasing platform, and controlling or owning CHEX does not represent ownership of any aspect of the Chintai project.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be forward-looking statements. The actual performance or achievements of Chintai may be materially different from the expressed, implied plans and/or projections included in this statement.