ChangeNow - Review
If you are reading this post, very likely you have at least some idea about crypto currencies. If not, well it is way too complicated to explain this issue here. There are dozens of forums and articles, where eggheads and just average people tries to figure out the phenomenon of Bitcoin, Ethereum, Ripple and other currencies, which prices are day by day closer to the moon (despite of time when they are falling like shot airplane like last couple weeks). So if you want to fulfill gap of your knowledge, check more specialized sites like bitcointalk.com and etc. Just please put the great attention on key words like: ‘ICO’, ‘Bounty’, ‘KYC’ and of course main slogan which attract millions of people to crypto currencies ‘rocket to the moon’. If you already did your homework, I can explain you the reason why I am writing this post.
ICO market is nowadays pretty similar to the Wild West during the gold rush period. It is possible to earn money very quickly, sometimes even good money, but you have to find a perfect spot, or in this case, a good project to invest. Common thing to the Wild West? No guaranties and almost no law. It is pretty easy to find bad cowboys which are going to promise you golden mountains to steal your last piece of bread. So in all this mess, if you want to find your gold nugget, you can trust just your own brain composites.
So did I and during my research I found the project in which I really put my faith: ChangeNow. Very likely you haven’t heard about them, project is made by great team members. Nevertheless, guys have an advantage, many other teams does not: already existing product made on a very perspective field. But these are not all pluses I found in this project. Below you can read the analysis and decide on your own, do you want to send some pennies to the pot. The analysis I will present consists of parts, and each of them shows this project from different angle. So, let’s go!
ChangeNow
ChangeNow Cryptocurrency exchange platform allows you to swap Cryptocurrencies anonymously. ChangeNow purchase Cryptocurrencies on your behalf. Thus, an unlimited amount of Cryptocurrencies is exchanged anonymously. What a user needs to do is to pay a fee of 0.5%. Paying ChangeNow is the initial step to trade dozens of Cryptocurrencies. This brand new way of exchanging Cryptocurrencies online quickly and very easily have two major benefits. Instead of exchanging cryptocurrencies with other users, you’re paying ChangeNOW to purchase cryptocurrencies on your behalf (or you’re buying ChangeNOW from their pool).
There are different problems associated with cryptocurrency projects nowadays. Some of these problems will be discussed below as well as the solution ChangeNow profers to these problems.
PROBLEMS
Currently we are in a counter intuitive situation where an industry so focused on decentralization includes so many centralized services dominating users’ share. While cryptocurrencies give their possessors freedom from regulations and authorities, centralized exchanges and hosted wallets accumulate users’ funds, keeping the holders at risk.
Centralization is followed closely by security problems. Hundreds of projects that store user funds are at risks of being hacked. Moreover, even being as attentive to procedures as possible and very precautious in general, these projects can still suffer from the human error or technology failures. Despite all the efforts there is a lot of space for potential breaches and errors that can lead to losses of great amounts of money.
While cryptocurrencies strive to improve transparency of operations and transactions between users, most services still lack transparency in their internal operations and mechanisms. Even more so, most of them keep their implementation details and inner operations secret which leads to major distrust, possibility of fraud, and alarms newcomers.
In pursuit of optimisation support team often grows detached from the developers. It leads to the most painful problems in customer service, mainly, long response times and canned responses with no real help to the end user. Yet, when it comes to financial sphere, no amount of service and attention to users should be enough.
Cryptocurrencies and services around them are relatively young and have a lot of usability issues. The necessity to deal with keys, addresses, hashes and verifications can be very stressful. Especially for inexperienced users. Cryptocurrency platforms require intuitive user interface in order to be easily adopted by customers. Technology should serve them, optimizing their lives and improving their experience. This is a trend in cryptocurrencies world that we strongly support.
SOLUTION ChangeNow OFFERS
The team has a major focus on decentralization. We are building our service in a way that users have as much control of their funds as possible. And we plan to keep it this way by developing towards fully decentralized exchange mechanisms.
ChangeNOW is built with perfect security as a goal and has gone through multiple penetration tests. Plus, we seek to minimise possibility of human error by engaging the best technologies of decentralized world. They are intent on continuing this way while keeping our standards as high as possible.
Concerning security measures and precautions, ChangeNOW will make all necessary steps to be as transparent in its operations and implementation details as possible.
The support team has already done significant job in making our customer service as smooth and effective as possible. Support is integrated in our daily activities and users always get high-quality and thorough answers 24 hours a day, 7 days a week.
ChangeNow is not only a technology but also a user experience. Every small detail that can simplify exchange process and make it more pleasant for the users is our priority.
FEATURES OF ChangeNow
Anonymity:
ChangeNow doesn’t store your personal information, so there’s no need to create an account on the platform before you exchange cryptocurrencies.
Easy to Use:
You can deposit your own cryptocurrency into the exchange, or buy crypto using your Visa or Mastercard.
Fair:
ChangeNow claims to pick the best exchange rate for you. All fees are clearly listed before you exchange.
HOW ChangeNow OPERATES
Step 1
Choose your cryptocurrency: You can choose to exchange bitcoin for Ethereum, for example, or fiat to crypto in any amount. You choose your desired cryptocurrencies from a drop down menu.
Step 2
Enter your wallet address: Type in your wallet address, then click “next”. If you don’t have a wallet, then ChangeNOW will link you towards a wallet creation platform.
Step 3
Confirm: Check all of the information, then click Confirm.
Step 4
Deposit: ChangeNOW will generate a deposit address for you, and you send your deposit to that address.
Step 5
Receive Coins: ChangeNOW promises to find the best rate from one of ten integrated exchanges. Your transaction is processed, and you’ll receive your coins in your destination wallet.
USERS BENEFIT
Exchange rates on this platform are the most cheapest as the platform picks out the best rates from a variety of exchange rates and this is of immense benefit to the users.
Cryptocurrency can be bought with the use of fiat currency and the use of visa or MasterCard which will relatively bring ease to the users.
The absence of personal information of the users decreases the risk of fraud or scam to a large amount.
The users are able to change as much cryptocurrency as they want without limitations.
The users get to control all their funds themselves thereby deciding how their funds and this is done transparently.
TOKEN AND ICO DETAILS
Token Symbol: NOW
Full name: ChangeNOW Token
Type: ERC20 Token
1 NOW ≈ 0.2 USD
Tokens Amount: 200 000 000 NOW
Market Cap: 40 000 000 USD
Decimal: 8
Important – NOW tokens will be listed on major trading platforms by August 2018
NOW Token is the 1st token made by instant exchange platform. NOW Tokens will serve as an internal currency on ChangeNOW, it will be the essential way to list new coins and tokens on our service. As ChangeNOW grows extremely fast, the tokens will be in a great demand.
ROADMAP AND DEVELOPMENT PERSPECTIVE
Above you can see the roadmap — how the team sees their nearest and long-term future.
TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT
Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.
ChangeNow is fully equipped with highly experienced blockchain developers. The security is crystal clear as there is no requirement for personal information. Thus, identification and financial theft are avoided. With reliable trading platforms, they provide the best rates. This platform removes restrictions of any kind by giving the users full control of what their funds, help them change them change their cryptocurrency to the best available rates while making sure all transactions are safely secured and this is exactly what users want. Be a part of this tremendous project and follow these links for more information;
WEBSITE: https://changenow.io/
WHITEPAPER: https://changenow.io/files/WhitePaper._NOW_Token._v1.2.pdf
TELEGRAM: https://t.me/NOWtoken_Bounty
TWITTER: https://twitter.com/ChangeNOW_io
FACEBOOK: https://www.facebook.com/ChangeNOW.io/
MEDIUM: https://medium.com/@changenow_io
REDDIT: https://www.reddit.com/user/ChangeNow_io
Author
nugezmils
BITCOINTALK PROFILE