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

Chains

5 min readJul 31, 2022

Introduce

Cryptocurrencies are digital or virtual currencies underpinned by cryptographic systems. They enable secure online payments without the use of third-party intermediaries. “Crypto” refers to the various encryption algorithms and cryptographic techniques that safeguard these entries, such as elliptical curve encryption, public-private key pairs, and hashing functions.

Cryptocurrencies can be mined or purchased from cryptocurrency exchanges. Not all e-commerce sites allow purchases using cryptocurrencies. In fact, cryptocurrencies, even popular ones like Bitcoin, are hardly used for retail transactions. However, the skyrocketing value of cryptocurrencies has made them popular as trading instruments. To a limited extent, they are also used for cross-border transfers. Therefore, Chains is building a stack of interconnected cryptocurrency-enabled solutions, designed to make cryptocurrency more accessible to users who are neither investors nor technologists.

About

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. 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

Partner

Chains is a blockchain platform with unique and outstanding functionality, and it will be very useful for all projects related to NFT and DeFi,… Also, chains have an edge over competitors in terms of capabilities with useful features. I like that Chains plans to expand the plan with practical products. In addition, Chains’ professional team is also unmatched in the field of cryptocurrency, and they are eager to direct and support the investors in the project.