The Revive: Changer Token ($CNG) Re-Lockup & Vesting 2024

We are excited to announce The Revive, a new circulation plan for the Changer token ($CNG) that will re-lock up and vest 51.1% of the total supply. This landmark decision was made in collaboration with key stakeholders, including the Changer team, advisors, and early investors, to ensure the long-term success of the Changer ecosystem.

Key Highlights of The Revive

• 30% of the Changer tokens originally scheduled to be unlocked at the end of March 2024
• However, 102,099,610 tokens (equal to 51.1%) will be subject to a 24-month vesting including 6-month lockup period.
• This includes 16.1% from the total supply held by the team, advisors, early investors, and institutional investors of Chain Partners (the creator of Changer token) including DSC Investment, Capstone Partners, Kolon Benit, Smilegate Investment, NVESTOR, and Premier Partners
• The Changer Foundation will also re-lock up and vest an additional 70 million Changer tokens, representing 35% of the total supply.
• A new vesting portal will be implemented with on-chain lockup functionality via smart contracts to ensure transparency and prevent unauthorized token withdrawals.

Benefits of The Revive

1. Sustainable Growth and Price Stability: The Revive initiative seeks to contribute to the long-term viability of the Changer ecosystem through strategic management of the circulating supply. This approach aims to mitigate potential inflationary risks and encourage price equilibrium, ultimately fostering a healthy and engaging environment for investors and users alike.
2. Building Investor Confidence: The implementation of The Revive is anticipated to demonstrate the long-term commitment of key stakeholders, potentially leading to increased investor confidence and attracting new investment opportunities within the Changer ecosystem.
3. Fostering Long-Term Growth: By ensuring a healthy token supply and fostering engagement from both new users and developers, The Revive aims to establish a sustainable foundation for the long-term expansion of the Changer ecosystem.

Brian Han, CEO of the Changer Foundation: “Inflationary pressures are a complex challenge that we, as stakeholders in the Changer ecosystem, must address collaboratively. The Revive initiative embodies our unwavering commitment to the long-term viability of Changer. Through collective action, we have taken a significant step towards fostering price stability and building a sustainable foundation for the continued growth and development of the Changer ecosystem.”

Charles Pyo, CEO of Chain Partners: “Under the strong leadership of the newly launched Changer Foundation, many institutional investors who would have found it difficult to reach an agreement were able to come together with one heart. We will continue to actively cooperate with the Foundation’s initiatives as one of the main partners of the Changer ecosystem.”

We encourage all members of the Changer community to join us in supporting The Revive and building a brighter future for the Changer ecosystem.

For a detailed breakdown of the Changer token release schedule, please visit here.

Stay tuned for more exciting updates from the Changer team!

— — — Feb 29 2024 Update — — —

Delivered on our promise! We’ve successfully relocked and vested 102,099,610 $CNG (51.1% of the total supply) for 24 months with a 6-month initial lockup.

You can check TXID for each category as below:
Team & Advisors: 11,966,000 $CNG
Early Backers: 20,133,610 $backCNG
Ecosystem Dev. Fund: 70,000,000 $ecoCNG

Step by step.

— — — Feb 29 2024 Update — — —

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