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Price predictions

Chintai – ICO Detailed Information


ICO Chintai
Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank.
Start March 24, 2019
End November 24, 2019
Rating 3.5
Status
KYC Yes
Founded
Categories Cryptoexchange
Platform
Whitepaper No
Discussion
Countries

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Chintai Overview

ICO description, Technical Details and Documents

Chintai: EOS Platform for Token Leasing


Chintai is a British blockchain project that has already launched a decentralized exchange for leasing tokens and other digital resources. For this purpose, the team of developers utilized the advantages of the EOS blockchain, which is known for its superior scalability and flexibility, the possibility of carrying out fee-less transactions, which is one of Chintai’s current features, as well as the provision of better means for decentralization. 

Unlike the majority of other emerging projects in the area, Chintai can boast a fully functional product which they have put into operation on the EOS mainnet in October 2018. The team claims that the platform had already displayed a financial prowess by facilitating the turnover of more than 20 million in EOS tokens during the period of peak activity. However, Chinatai plans to center all of its financial operations around the CHEX token, which they are currently distributing among the interested users by holding a token sale in the form of the Dutch auction.

The CHEX exchange


It is apparent that upon the mass adoption of the blockchain technology, utility tokens will become the main growth engine for the digital economy of the future. But they won’t function to the full extent unless endowed with such an option as leasing. That is exactly the niche that Chintai has begun to occupy.

The Chintai exchange will provide means for leasing all types of digital assets, regardless of the blockchain on which they were created. For instance, gamers can easily borrow or purchase the in-game items, present on different dApps, through the Chintai infrastructure without having to worry about incompatibilities or other such problems. The platform features the CHEX Smart Matching algorithm to facilitate this process. All digital assets intended for leasing are to be converted to CHEX, in order to form a liquidity pool, which then can be used to obtain an asset that the borrower needs, for example, the dApp bonds, EOS, fungible or non-fungible tokens. The lender profits from receiving interest on the borrowed assets.   


The Chintai core team

Social media presence


Chintai serves as an example of how a project that has the promising and, most importantly, viable product is incapable of arousing interest in the crypto community. It appears that the team has been somewhat neglecting the social media outlets since, basically, all they have is an active account on Twitter with 2.261 followers and a Telegram group with 1.871 members. Nevertheless, the Twitter feed is regularly supplied with new information. Perhaps, Chintai decided to concentrate their efforts on product development instead of increasing the social media coverage.

Token sale details


Chintai chose to sell the CHEX tokens through the Dutch auction on their platform, which is an unconventional approach. The token sale will take place in as many as 320 rounds (1.8 million tokens to be distributed per round), with the CHEX price being different for each such round. As of now, the sale is in its 122nd round, the price of 1 CHEX is $0.000549. The auction is due to end on December 24. All investors must pass the KYC. There is no exact information regarding regional restrictions.

Author: Alex Paulson for Crypto-Rating.com

Chintai Milestones

* Crypto Rating accepts no liability for any errors in the Chintai ICO information and Rating. For the most up-to-date information please visit the ICO's official website.

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