Chainge Secures $13M to Revolutionize Cross-chain Trading with AI Solutions

Chainge has raised $13 million from GEM Digital and Alpha Token Capital to enhance its cross-chain liquidity protocol and expand global reach through AI-driven solutions.

Chainge, a cross-chain liquidity protocol, has secured $13 million in funding from two crypto-focused investment firms to bolster its business offerings and facilitate cross-border trading through artificial intelligence (AI) solutions.

On Monday, the decentralized finance (DeFi) protocol announced a $10 million investment from GEM Digital and an additional $3 million from Alpha Token Capital (ATC), totaling $13 million in new funding.

Community-backed Fundraising and Expansion Plans

Chainge initially proposed raising funds from undisclosed investment firms to its community members on April 1, 2024. At that time, the platform had approximately $100 million in total value locked (TVL) and sought approval from its decentralized autonomous organization (DAO) to raise the necessary capital.

The proposal included the release of 50 million of its native tokens, XCHNG, into the market, representing about 10% of the token’s current circulating supply. Although the outcome of the proposal was not officially announced, the community appears to have accepted the deal, leading to the secured funding from GEM Digital and ATC.

Utilizing Funds for Global Reach and Technological Advancements

The newly acquired capital will support Chainge’s development and growth initiatives. The platform aims to increase its visibility to a global audience through strategic advertising to attract more users. Additionally, part of the funding will be allocated to recruiting top talent to integrate AI with cutting-edge technologies.

Chainge plans to use the funds to solidify its position as one of the leading liquidity providers in the industry. The capital will also support other partnerships and reward token holders.

Integration with Kaspa and Future Vision

Launched in 2021, Chainge aims to set new standards in cross-chain trading, capitalizing on emerging opportunities within the crypto economy. The platform has a prominent board, including Najam Kidwai, Mike Lempress, and Dejun Qian, who help provide users with the tools needed to access various cryptocurrencies across any blockchain.

Chainge has made significant progress, becoming the most liquid cross-chain crypto trading platform and branding itself as the most “advanced DEX aggregator ever developed.” Last year, Chainge integrated with Kaspa, the world’s first blockDAG, focused on creating an open and scalable payment network.

Chainge CEO Dejun Qian highlighted the shared vision between Chainge and Kaspa for a more open and decentralized financial system. He emphasized that this shared vision attracted Kaspa to collaborate, noting that integrating Kaspa’s network into Chainge will offer users a more seamless and secure experience.

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