FAQ
Choise.com is the world's first MetaFi platform that combines all the benefits of CeFi services and DeFi ecosystem.
The MetaFi ecosystem simplifies the use of DeFi products, making the process easy, reliable, and fool-proof. At the heart of Choise.com is an in-house DeFi ecosystem called Charism with its earn products that aim to reduce commissions and unlock crosschain high yield for over 100 million CeFi crypto users. The ecosystem will be governed by DAO which operates based on the CHO token.
CHO is the native utility token that is used for:
- Staking
- Voting
- Promotion
- Gas fees
Choise.com will allow anyone — even crypto novices — to take advantage of farming, decentralized exchanges, liquidity pools, and much more. The internal protocol will make it possible to implement solutions without requiring users to switch blockchains or install different applications. Everything is available in a single customizable app interface. Charism protocol marks the reveal of new Choise.com ecosystem, as it enables users to choose between methods of use.
- Non-custodial wallet which enables users to earn interest on crypto and access the latest DApps, DeFi platforms (Staking, Farming), and NFTs.
- DeFi protocols aggregator which provides users with single simplified access to most available protocols, thus allowing chance of profit maximization via yield farming and staking additional APY from intelligent wealth management service based on CHO airdrops.
- DeFi transaction builder which aggregates transactions on-chain via an intelligent routing mechanism.
- DeFi derivatives to bring CeFi high volume liquidity to DeFi market exposure without holding underlying assets.
Choise.com was launched with 1 billion CHO tokens created at genesis. Currently, more than 40% of the token supply is allocated for promotion, 25% for the cornerstone, 10% for the airdrop, 8% for the team, 7% for the seed, and 4% for private.
Choise.com was started by the Crypterium team with a proven track record in Fintech and CeFi. Our leadership team brings years of experience in building best market products. As of now, 170+ talented people help us build the first in history MetaFi ecosystem.
Vladimir Gorbunov is the founder and CEO of the project. He is an internet entrepreneur with extensive management experience for more than 15 years and has a wealth of experience in both creating and managing large companies. He has either created or played a leading role in more than 10 successful enterprises with a market cap well over $150m.
Austin Kimm is the Director of Strategy & Investments. He is an experienced results proven financial services CEO that has successfully built companies with a current valuation in excess of $500m.
Choise.com ecosystem consists of Crypterium CeFi products and Charism DeFi protocol. The CeFi product—Crypterium, is currently not available in:
The Bahamas, Botswana, Cambodia, Ghana, Pakistan, Trinidad and Tobago, Yemen, Panama, Cuba, Albania, Barbados, Iran, Iraq, Palestine, North Korea, Syria, Afghanistan, Jamaica, Mauritius, Mongolia, Myanmar, Nicaragua, Uganda, Vanuatu, and Zimbabwe.
Compliance regulations are evolving and changing every single day. If your jurisdiction is currently on the list above, follow us on Social media to stay tuned for any changes.
(1) For CRPT holders the new CHO token will be very useful. Up to 10% of the CHO token supply will be distributed among CRPT token holders within the framework of several airdrop programs over two years.
(2) CHO token will stimulate activity within the App.
(3) Choise.com will provide the community with DAO aimed at boosting up the whole ecosystem.
The maximum number of CHO tokens that will ever be created is 1 billion.
DAO is the optimal structure for the governance body, because the entrance to the DeFi and Web3 space will be even more organic when assisted with the crypto-native digital organizations.
The ecosystem will be governed by DAO which operates based on CHO token.
CRPT token is used in CeFi part of Choise.com ecosystem.
Just as a machine operates on fuel, Choise.com payment solutions are powered by CRPT tokens. Every time someone makes a payment, a fee equal to 0.5% of the value of the trade in CRPT is taken from the user’s account and burned.
CRPT tokens can also be used as a method of paying fees applied to other, non-digital asset-fiat transactions in the App — for a limited period of time or indefinitely, at the sole discretion of the company.
CHO token will become the backbone of the new ecosystem together with our first token — CRPT. CRPT was, is and will remain the main token of the centralized part, representing a utilitarian function of crypto-fiat gas. CHO will be the main decentralized token representing the power of the vote in the DAO.
Our goal is to achieve complete decentralization and to form a community of interested token holders who can influence the development of decentralized protocols within Сhoise.com. On top of all that, the governance function will allow community members to manange the entire ecosystem. It is important that in this case, the models of burning and the models of transaction fees are preserved.
The Choise.com App is a one-stop solution to all users' crypto-related needs. It lets them store, buy, exchange and transfer the most popular cryptocurrencies: Bitcoin, Bitcoin Cash, Ether, XRP, Litecoin, USDC and many more. The App is already trusted by more than 700,000 customers worldwide.
No, there is only one single App for the whole ecosystem.
No.
Indeed, the new token is essential. CRPT is not a good candidate for this role. Here is why:
Both tokens, CRPT and CHO, are of the ERC20 standard. CRPT is a CeFi oriented utility token and its tokenomics don't fit the needs of DeFi oriented services.
First of all, tokenomics of CRPT was set to fit the use cases of the Crypterium App. Tokenomics is not a thing that can be changed on the fly. You simply cannot reshape it once tokens are in circulation.
Secondly, we believe that entrance to the DeFi and Web3 space for Choise.com will be even more organic when assisted with a new token (not a CeFi oriented one). For example, DAO requires voting power which the CRPT token doesn't have.
Finally, though DeFi services live in the same ecosystem as Crypterium, they are a completely new product. A separate DeFi team is responsible for the development of Charism. This team can deliver the best possible product if only every piece of the product perfectly fits its place.
CHO tokenomics is a crucial part of the product's success. It's solid and it's designed in a way to bootstrap the Charism expansion. CeFi oriented CRPT tokens and their tokenomics just cannot be used as they will not fulfill the potential of Charism and Web3 innovations.
Basically, Choise.com is a whole new ecosystem with Crypterium being one of its building blocks. Crypterium and Choise.com are sister projects that are able to leverage five years' experience of Crypterium's team in the field of blockchain and Web3 innovations.
Yes.
Last modified 4mo ago