Last Friday, December 4, 2020, Changelly, one of the systems of platforms for the instant exchange of digital assets, proposed to make a partnership. Consider in this article what we offer the proposed features.
Changelly was founded in 2015 and is currently one of the most famous platforms for the instant exchange of digital assets, providing the ability to freely exchange more than 160+ currencies at the best market rates for more than one million customers worldwide every month. The company says Changelly is today a fundamental piece of digital assets that provides tremendous liquidity for online transactions.
Changelly suggests adding TON Crystal to their exchange engine. As the company says, this will not only attract new users to Free TON but also allow the development of an instant exchange function for wallets or applications using an open API. Also, the company will use its marketing opportunities to draw attention to the Free TON network. Specifically, the services offered include (and are not limited to):
- Integration of TON Crystal into Changelly;
- Open API and widget to easily share TON Crystal in any application;
- SMM interaction with users and Changelly applications via mobile networks;
- Sending email from us and our partners;
- Token request.
To analyze whether Changelly’s services and claimed advantages are beneficial for Free TON, it is important to present the offers and opportunities of the company:
- Changelly does not hold customer funds. The platform is a platform for transfers between exchanges and users’ wallets. That is, from the point of view of the client, it works as a DEX network device with a connection to the fiat network, which is very important, with the most favorable prices;
- The platform has a wide range of fiat currencies: users can purchase digital assets in more than 50 different financial instruments, including through the most famous payment systems, which provides wider access to the digital asset space around the world;
- Many options for connecting to the platform: API, web interfaces, mobile applications on Android and iOS, as well as one of the most popular widgets in this area, allows Changelly to freely use a wide range of business models, expanding the retail and institutional coverage of the site (learn more this benefit here);
- Fixed-Rate Algorithm: As stated by Changelly, the fixed-rate exchange mechanism allows assets to be exchanged instantly, protecting users from exchange rate risk within 30 seconds;
- The site has a wide network of wallet partners: Changelly is integrated with some of the major cryptocurrency wallets, including industry giants such as MyEtherWallet, Exodus, Binance, BRD, Edge, Coinomi, Trezor, Ledger, Enjin, Huobi Wallet, and many more.
So how does Changelly think Free TON can get a partnership with a company?
First, Changelly is the only non-custodial, non-custodial liquidity gateway that has a high execution quality close to CEX. In other words, the integrated into Changelly is used, it becomes possible to freely buy and sell Free TON Crystal both from cryptocurrency and through fiat funds.
Secondly, anyone can link the Changelly widget on their website, allow the flow of user orders, in our case, in free TON and benefit from it. In the long term, this stimulates a wide network of partners and affiliates to offer free TON exchange services to anyone who has a wallet or debit/credit card.
Third, the platform is a huge fiat gateway with the best market rates guaranteed. That is, over 2 million Changelly users and the entire Free TON community are one finger away from accessing Free TON Crystals and managing their portfolio.
The partnership offer may seem attractive, but Free TON has its fundamental positions. First and foremost: Free TON does not imply any “listing partnership” as it is a 100% decentralized community blockchain that is run by everyone.
Also, the concept of Free TON is such that the exchanges, depending on the scale of development and placement, will be placed on their platforms. The market must independently evaluate the project and TON Crystal tokens. For example: when bitcoin appeared, it began its circulation and people themselves tried this technology, appreciated it, and bitcoin gradually began to be introduced to the masses. The same should happen with TON Crystal.
Well, and, of course, raises big doubts about a possible partnership, a request in the amount of 800000 free TON crystals. On average, possible integration with a wallet costs Free TON from 1,000 tons to +/- 20,000 tons.
Thus, Free TON’s partnership with Changelly looks promising but unreasonably expensive. The company should at least revise its “listing partnership” offer, and as a maximum – assess the relevance of its request in the amount of 800,000 free TON crystals.
Well, we are stocking ourselves with patience, popcorn, and awaiting further developments 🙂
The full version of the proposal text, as well as the comments from the participants, can be found here.