According to PANews, cross-chain liquidity protocol Chainge Finance has initiated a proposal for a $13 million capital investment in its DAO, which is currently open for voting. The proposal requests DAO approval for a 'well-known investment group' to inject $13 million in capital. As a result, 50 million XCHNG tokens from the investment allocation will enter circulation, equivalent to approximately 10% of the current circulating supply. The proposal states that this investment will increase the usage of Chainge products and services, ensuring at least $1 million in profits for the second quarter.
The proposal indicates that efforts will focus on global expansion and recognition, positioning Chainge as a leader in AI crypto innovation by integrating artificial intelligence with cutting-edge technology and recruiting top talent. The proposal also states that multiple strategies will be implemented to increase usage and profitability, ensuring at least $1 million in profits for vXCHNG holders in the second quarter, with 80% of the profits distributed to vXCHNG holders.
If approved, Chainge will coordinate closely with venture capital firms to oversee the precise management of token circulation. Following DAO approval, investment details will be advanced and specific arrangements and plans will be outlined. The proposal voting will conclude on April 8th, with a current support rate of 100%.