Me again,
Two posts in one day.......
Another project I have been keeping my eye on is the Chintai project on $EOS. (http://chintai.io)
Chintai, based out of Singapore, launched the first decentralized finance (DeFi) exchange for leasing
token utility in October 2018, enabling unused EOS token utility to be leased for income,
EOS CPU leasing market(s) quickly grew in late 2018 and early 2019. At its peak,the Chintai market size was more than 20m+ EOS and preempted the REX leasing facility on EOS. .
Chintai's token trading and leasing platform technology is being developed for use as a digital asset marketplace and its CHARM (Chintai Automated Resource Management) is the current progression of this technology.
Leasing fees can be paid for using the $CHEX token, 60% of which were released by Chintai through an auction release last year. Currently the $CHEX token can be traded on Newdex and swapped through Defibox.
CHEX tokens have multiple utility features designed to give holders security controls, reduce fees, and provide opportunities for rewards.
CHEX will also have a leasing market as more demand arises for CHEX utility and a staking facility will allow holders to access rewards through a smart-matching protocol.
I am drawn to the potential passive income that this project could provide. The technology that will provide token leasing options for a variety of tokens makes this project an exciting prospect. I am looking forward to see where this continues to go.
For more information, check out their whitepaper here: https://chintai.io/chintai-tokenomic-model.pdf
This is not investment advice.
