Choise.com, the first-ever MetaFi ecosystem built that seamlessly connects centralized finance (CeFi) users with decentralized finance (DeFi) protocols on a wide variety of blockchains, is delighted to announce that the native CHO token has been recently listed on LBank, which marks the first time the cryptocurrency has become available on a CEX.
Founded in 2015, LBank is an established centralized exchange (CEX) and an innovative global digital asset trading platform that operates in more than 210 countries and regions worldwide and serves over 7 million users.
Earlier in June, CHO was listed on the Uniswap and Raydium decentralized exchanges (DEXs) after the successful distribution of coins to token sale participants. As a result, users can now trade the digital asset via two of the most popular DeFi Automated Market Maker (AMM) protocols on the Ethereum and Solana blockchains.
CHO Defies the Crypto Winter
Since its first DEX listings on June 7, CHO has been on the rise. By June 24, the cryptocurrency surged from $0.41 to $1.18, representing an over 185% ROI in slightly more than two weeks.
Interestingly, this growth occurred during turbulent times when the digital asset market had lost a great portion of its market cap and even leading stock market indices (S&P 500, DJIA, NASDAQ 100) suffered substantial losses.
As the crypto market cap decreased to below $1 trillion for the first time since February 2021, Bitcoin (BTC) and Ethereum (ETH) fell 33% and 38.3%, respectively, between June 7 and June 24.
The reason why CHO managed to defy the crypto market is due to the fact that it is backed by the Choise.com Meta Finance (MetaFi) ecosystem. As a result, Choise.com lets people earn more and gives access to a wide range of crypto products through the Crypterium CeFi infrastructure and the upcoming Charism DeFi platform.
By leveraging a MetaFi infrastructure, Choise.com is implementing previously unavailable crypto solutions without requiring users to switch between different blockchains or install an endless number of applications. Instead, everything is available in the ecosystem in a single customizable app interface.
The CeFi infrastructure has been operating since 2017 as the Crypterium neobank that combines various features and functionalities that allow them to trade, store, and transfer crypto, as well as spend their digital assets via a physical or virtual debit card.
Instead of restricting access to one market segment (CeFi or DeFi), MetaFi offers an opportunity for everyone – from digital asset novices to veteran industry players – to harness the benefits of yield farming, DEXs, liquidity pools, and many other popular crypto activities.
Charism: The MetaFi Platform’s Most Important Building Block
Powering the Choise.com MetaFi ecosystem, Charism will be a robust platform for DeFi products that enables users convenient access to a complete suite of products. Some of the examples in this field include:
- A non-custodial wallet to access the latest dApps, Play-to-Earn (P2E) games, DeFi protocols, and NFTs
- Cross-chain bridges
- Decentralized derivatives
- DEX trading
- DeFi lending and borrowing
- Yield farming
- Decentralized finance launchpad
- Portfolio tracking
Most importantly, Charism will make it possible to offer all the above features via a single platform with a super-friendly user experience, easy cross-chain swaps, and all-in-one access to numerous blockchain networks and decentralized finance protocols.
Furthermore, while users can leverage the Choise.com ecosystem to maximize their yields via different DeFi activities, Charism will provide additional APY via intelligent wealth management services and CHO airdrops.
At the same time, users will be able to utilize the platform’s DeFi Transaction Builder feature to save on gas fees by aggregating on-chain transactions via a smart routing mechanism.
Get Ready for More CHO Listings
Powering the first-ever MetaFi ecosystem, CHO is the native utility token that will allow holders to vote on DAO proposals via the community governance process, earn staking revenue, save on gas fees, and participate in promotional campaigns to receive exclusive rewards.
As it is backed by solid tokenomics and the Choise.com platform that combines the best of the DeFi and CeFi worlds, CHO has managed to defy the current Crypto Winter and provide excellent returns for early investors.
With the new LBank CEX listing – as well as the Uniswap and Raydium DEX listings earlier this month –, CHO has become more accessible than ever.
As the Choise.com team is making excellent progress with the development of its ecosystem, CHO will soon be listed on new CEXs and DEXs as well as introduce new products on its DeFi platform Charism.
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice