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Information about "ChangeNOW Token"
What exactly is the ChangeNOW Token?
Introduced by ChangeNOW, an exchange platform that facilitates instant transactions, NOW serves as its native digital currency. This token functions as an internal currency across various NOW projects. Currently, it is utilized to cover fees for listing assets on ChangeNOW and is also the platform’s own token that can be staked.
What Sets the ChangeNOW Token Apart?
NOW tokens power every product within the NOW ecosystem. Users have the opportunity to receive NOW Token as cashback when using ChangeNOW or the NOW Wallet. Additionally, staking the token can yield an annual return on investment of up to 6.25%! As the token’s applications continue to expand, offering more opportunities for users and businesses, regular quarterly burns enhance the token's value by reducing supply.
Where Can ChangeNOW Tokens Be Utilized?
* Spend NOW Tokens to buy goods and services through NOW Payments.
* Use NOW Tokens for node services in NOW Nodes at discounted rates.
* Unlock a Pro account on ChangeNOW, enjoying up to 20% of transaction fees returned.
* Secure crypto loans by using NOW tokens as collateral.
* Conduct Anti-Money Laundering (AML) checks with NOW Tokens.
* Plus, a variety of other uses.
* Use NOW Tokens for node services in NOW Nodes at discounted rates.
* Unlock a Pro account on ChangeNOW, enjoying up to 20% of transaction fees returned.
* Secure crypto loans by using NOW tokens as collateral.
* Conduct Anti-Money Laundering (AML) checks with NOW Tokens.
* Plus, a variety of other uses.
How Many ChangeNOW Tokens Are There in Circulation?
The total supply of NOW Tokens is 199,763,509.9. To date, 102,190,154.33 NOW Tokens have been burned, with burns continuing until the supply is reduced to 100,000,000!
NOW Tokens Allocation:
* 40% Reserved
* 12% Development fund
* 12% Advisors and corporate evangelists
* 12% Marketing requirements
* 10% Risk prevention
* 30% Airdrop distribution
* 14% Team bonuses
* 10% Private investors
NOW Tokens Allocation:
* 40% Reserved
* 12% Development fund
* 12% Advisors and corporate evangelists
* 12% Marketing requirements
* 10% Risk prevention
* 30% Airdrop distribution
* 14% Team bonuses
* 10% Private investors
How Is the ChangeNOW Network Secured?
The NOW token is secured through the robust Binance Chain and Ethereum networks for consensus mechanisms. These token contracts have been thoroughly audited, lacking any excessive minting or administrative capabilities, which ensures complete decentralization and security. Moreover, ChangeNOW has implemented strict risk management and compliance protocols to adhere to industry standards and meet regulatory guidelines.
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