CHEX Token CHEX

1. Summary

Ranks

Liquidity

89

Developer

-

Social

54

Momentum (beta)

97

Stack Rank™

-

Price

$0.13 -0.8%

Market Cap

$126.98M (#331)

Supply

998.72M / 998.72M

Tags

Binance Smart Chain Ecosystem Decentralized Exchange Token (DEX) Solana Ecosystem Ethereum Ecosystem BNB Chain Ecosystem Decentralized Exchange (DEX) Real World Assets (RWA)

More Metrics

Price
52W High price	$0.38
52W High date	12th Apr 2024 (3 months ago)
All Time High (ATH) Date	11th Apr 2024 (3 months ago)
ATH Price	$0.44
% From ATH	-34.91%
All Time Low (ATL) Date	9th Aug 2020 (3 years ago)
ATL Price	$0.000500800000
% From ATL	56652.33%

Supply & Trading Volume
Trading Volume (24h)	$215,043.00
Total Supply	998.72M
Max Supply	1.00B
Circulating Supply	998.72M

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Description

CHEX Token

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CHEX Token

The CHEX token serves as the native utility token of the Chintai ecosystem, facilitating passive income through smart matching of lending markets and various other opportunities as the ecosystem expands. It plays a crucial role in the architecture, enabling seamless transactions and incentivizing certain desired behaviors within the system.

Functionality and Usage

• Liquidity Provisioning: The CHEX token is used to incentivize liquidity provisions within the Active Market Maker (AMM) system. Users who stake their CHEX along with USD receive additional rewards, promoting the overall liquidity and functionality of the platform.
• Transaction Processing and Fees: CHEX tokens are also used for handling gas fees within the Chintai network. Users who stake their CHEX tokens are entitled to a share of these fees, which helps offset any costs associated with platform usage.
• Regulatory Compliance: Chintai's integration with the EOS Network and the Antelope blockchain protocol ensures regulatory compliance for assets issued on the platform. The CHEX token and the network’s structures facilitate this compliance.

Background and History

• Initialization: The CHEX token was issued and distributed on EOS, with liquidity pools like Defibox providing a gateway to the wider crypto market.
• ICO and Fundraising: In its development, the project had significant fundraising milestones, such as securing $7.5 million in investment funding in 2021.
• Platform Evolution: Chintai has adapted its tokenomics to align with the real-world asset tokenization business model, ensuring the CHEX token remains integral to the platform's functionality and growth.

Integration and Services

• EOS Network and Antelope: The CHEX token leverages the unique benefits offered by EOS and Antelope, including scalability, low transaction fees, flexibility, and interoperability.
• Regulated Digital Asset Issuance: The platform enables the tokenization and secondary market services for various financial assets, such as securities, bonds, and real estate, ensuring regulatory compliance.
• Comprehensive Solution: Chintai provides an end-to-end solution for digitizing real-world assets, optimizing efficiency and slashing costs associated with issuing and managing these assets.

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