RCS - Changer Foundation - Changer Unlinks from Chain Partners to Expand
11/01/2024 08:15
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240111:nRSK3780Za&default-theme=true RNS Number : 3780Z Changer Foundation 11 January 2024 Chain Partners & Changer Unlink: Foundation Drives Independent Expansion Massive ecosystem reserve to boost Changer's value SINGAPORE / ACCESSWIRE / January 11, 2024 / Blockchain innovator Chain Partners, led by CEO and founder Charles Pyo, announced the launch of the Changer Foundation (https://stats.newswire.com/x/html?final=aHR0cHM6Ly93d3cuY2hhbmdlci5mb3VuZGF0aW9uLw&sig=N5WD1fJ-eDwmzqOo0QvNVHbNkXXCRllVtUIWxwS_WIrfRUqtArMW9QKc67onwAUYM1EqWf-vyP8qYAlFHxjBqA&hit%2Csum=WyI0NWg4a3QiLCI0NWg4a3YiLCI0NWg4a3giXQ) , a non-profit entity dedicated to fostering the Changer ecosystem, from its headquarters in Singapore. This strategic move comes nearly four years after Chain Partners unveiled its ambitious Changer business plan in February 2020. Changer Foundation The foundation's creation empowers Changer ($CNG) (https://stats.newswire.com/x/html?final=aHR0cHM6Ly9jaGFuZ2VyLmlvLw&sig=epxzsrbGNu6cJNWqaigNxeSDcx3M6AXaxN5UoJUoxIuCGpMHWK60UFJCmcFqdCj3FUwFebDCL3v7BfjBE0F-HQ&hit%2Csum=WyI0NWg4a3oiLCI0NWg4bDEiLCI0NWg4a3giXQ) , the project's cryptocurrency, to achieve greater operational independence and expand its ecosystem. It aims to build a thriving "Alliance Crypto" community encompassing blockchain startups, users, and investors, all centered around Changer. By taking the helm of all Changer-related business, investment, and support, the foundation allows Chain Partners to focus on its core strengths: developing industry-leading Changer-based products, forging strategic partnerships, and amplifying brand awareness. Brian Han, a seasoned blockchain leader with experience at Kakao's blockchain subsidiary Ground X and a previous role as Managing Director of Korea for blockchain fintech unicorn Chiliz, has been appointed the foundation's first CEO. He currently holds a managing partner position at Star X Ventures, a Singapore-based blockchain accelerator. Additionally, the foundation plans to bring on board highly qualified individuals with deep expertise in the blockchain space to its board of directors by year's end. Beyond mere growth, the foundation prioritizes value creation. It pledges to nurture the Changer ecosystem through a substantial ecosystem reserve - a 110 million token powerhouse representing a significant 55% of the total Changer supply, currently valued at 9.4 million USD. This, coupled with a soon-to-be-revealed roadmap and aggressive international expansion plans for 2024, paints a picture of explosive ecosystem growth and value appreciation. "This step allows both the foundation and Chain Partners to excel in their unique domains, paving the way for a more robust and vibrant Changer ecosystem," declares Charles Pyo. Brian Han echoes the sentiment, stating, "Chain Partners stands as one of the few Korean blockchain pioneers to have directly launched, operated, and experienced a diverse range of blockchain services. Establishing this foundation, with its focus on unparalleled community building, strategic collaborations, and impactful marketing, marks a pivotal moment for reaping meaningful results for Changer users." Contact Information: Brian Han CEO brian@changer.foundation (mailto:brian@changer.foundation) SOURCE: Changer Foundation View the original press release (https://www.newswire.com/news/chain-partners-changer-unlink-foundation-drives-independent-expansion-22217168) on newswire.com. This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy) . END NRASFLSIFELSEFF