Chainge DAO launches proposal to “accept US$13 million investment from an investment institution”

PANews reported on April 1 that according to the Snapshot page, the cross-chain liquidity protocol Chainge Finance launched a "$13 million capital investment proposal" in the DAO and is accepting votes. The proposal asks the DAO to approve a $13 million capital injection from a “well-known investment group.” As a result, 50 million XCHNG tokens from the investment allocation will enter circulation, equivalent to approximately 10% of the current circulating supply. "This investment will enhance the use of Chainge's products and services, enabling it to secure at least $1 million in profits in the second quarter," the proposal reads.

The proposal states that this effort will focus on global expansion and visibility to achieve technological development by recruiting top talent to fuse artificial intelligence with cutting-edge technology, positioning Chainge as a leader in artificial intelligence crypto innovators. The proposal also stated that a number of strategies will be implemented to increase usage and profitability, thereby ensuring that vXCHNG holders will receive at least US$1 million in profits in the second quarter, and 80% of the profits will be distributed to vXCHNG holders.

If approved, Chainge will coordinate in detail with venture capital institutions to oversee the precise management of token circulation. After waiting for DAO approval, investment details will be advanced and specific arrangements and plans will be detailed. Voting on this proposal will end on April 8, and the current support rate is 100%.