Chains- A cryptocurrency and NFT platform designed to allow users to earn, trade, invest and spend across multiple chains.

Chains

Technology is not evolving rapidly? As early Internet users, we knew it. It has come a long way. We are in the digital age where powerful technologies like blockchain technology have been and are continuously disrupting so many systems, sectors, and industries across the globe. Blockchain technology, through its amazing features, brings transparency, efficiency, scalability, and security, which are the factors that challenge a lot of businesses and industries around the world. This advanced technology, also known as the immutable ledger, allows the process of recording business transactions as well as tracking assets in the business network.

One of those revolutionary technologies is blockchain technology. Now is the time to learn about it because it is a stub. Whether you are looking to become a user, a developer, or an investor, let’s discuss the reasons why Blockchain can provide a better and more secure future.

About Chains

Chains is building a stack of interconnected cryptocurrency-enabled solutions, designed to this will make cryptocurrency more accessible to users who are neither investors nor technologists. The team behind Chains is working to deliver a stack of simple and interconnected products with the sole purpose of making cryptocurrencies and NFTs a lot more accessible to the new generation of users. The company develops products that work in concert, naturally, and seamlessly. They are designed and intended to enable users to earn, invest, and also spend cryptocurrency on different services and products across multiple chains. The main purpose is to reduce the burden of having to learn the mechanics of the otherwise complex underlying technology as much as possible. From a token launchpad to market research resources and a unified marketplace for NFTs, products, and services, Chains has quite a bit to offer. 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

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.

Token

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

It’s important to note that users will be able to participate in the token sale and buy CHA exclusively through a launchpad on Chains.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

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

Conclusion

When it comes to technology in the market, Blockchain plays a leading role. It would be a mistake to say that banking is the only industry that could be affected by the aforementioned technology. Instead, supermarkets, healthcare, voting, energy resources, and many other fields will be integrated with Blockchain in the future. This means that learning a technology with so many dependencies will open up many avenues for you. The appearance of Chains can be said to offer a lot of potential with what they are hoping for an ecosystem to create. I think it is great to see the strong team building the product.

Follow us on social media

Website: https://chains.com/

Telegram: https://t.me/chains_com

Twitter: https://twitter.com/chains_com

Linkedin: https://www.linkedin.com/company/chainscom

Whitepaper: https://chains.com/doc/Chains_Whitepaper_en.pdf

“A sponsored article written for a bounty reward.”