ChangeNOW gives us more than a fast exchange

ChangeNOW is like many of my favorite projects, an exchange that shares profit back into their token. It’s nice to see NOW pile on the use-cases, current (token burns, voting for asset listing) and future (staking & VIP discounts). They’ve taken the same approach with the NOW line of products, including their non-custodial exchange. It does a good job of keeping trading user friendly and intuitive. The UI is clean, with the exchange feeling easy to use and understand, even with 200+ cryptocurrencies.

NOW token burns and use cases

NOW is a native erc20, originally 200,000,000, half of that migrated over to Binance’s BEP2 chain. You can trade for it on Binance DEX, many use Trust Wallet. The ETH version trades on IDEX, with a lower supply than it’s twin on BEP2. This is because of a quarterly burn from all fees paid on the site in NOW token. Fees are burned directly on the chain they’re paid from, so the token with the most payments should deflate in supply the most. Swap in between the 2 NOW tokens here.

Peer 2 peer crypto swaps

Asset listing can be done by spending NOW tokens on the platform’s voting candidates. Elrond, Nexus, Algorand, & Bytom are the ones currently available. Previous winners include CRO, MATIC, CELR, ATOM, RDN, LTX, and more.

NOW airdropped 30% of supply, with 10% set aside for private sale, advisers and the team took 12% & 14%, last 33% split between 3, team owned, risk reserves. Circulating supply is currently 65,000,000, while the team has pledged in 3 years to decrease the total supply by 50%, to 100,000,000 NOW. This is being implemented through burning NOW fees.

Seems likely that they would have to extend or speed up the burn to get near their target. Less than 500,000 have been burned so far with price peaking at $0.07 in June 2019. NOW currently trades at $0.01 after an all time low of $0.001, last month.

Swap 200+ cryptocurrencies instantly

Most things you would expect from a higher quality swap are here, fixed and floating rate. Integration with different DEX, for example: Binance, Bitfinex, Huobi, OKEx, and Exodus wallet. Check off Visa, Mastercard into BTC capabilities and good social media coverage too. I haven’t had to use customer support but my swaps have seemed faster than norm.

The exchange is smooth, easy, and described best by ChangeNOW. Select the currency, enter destination address, click confirm, deposit payment. You can include a 5th step of checking your coins, We all should know to check our receipts on the blockchain. Mistakes have been made and coins lost in smart contracts, some interconnecting different chains.

Cryptocurrency swaps can even be done through their Telegram bot. NOW also offer access to 17 cryptos on their masternode program. NOWPayments and LightningNOW, are a payment program for merchants wanting to accept crypto and a BTC lightning node. Use of the node is free, and the payment program offers a lifetime reward on merchant affiliate traffic.

Restrictions & referrals

Certain countries like Cuba, Syria, North Korea, USA, and others are prohibited from using their services. They do reserve the right to enforce KYC or freeze and keep funds for rule violations. ChangeNow is a great option for bigger orders, without much slippage. The more privacy focused or restricted traders might prefer SimpleSwap, Uniswap, FlypMe, 1inchExchange, Switch/Mcafee DEX.

The platform offers better than average rewards for referrals and affiliates, and not just on the merchant program. There’s no lack of choices for trading referrals, link, API widgets and buttons, or a customizable DEX. Website owners can easily adjust the % of profit they take and click to import 200+ cryptos to their visitors. It’s become a popular feature among exchanges, one that I’m surprised isn’t embraced by more products.It could work for smaller projects, looking for funding through token launches. A plug-in DEX would allow a company’s token to serve more than the intended future use-case.