What is WeOwn (CHX)? Detailed overview of CHX . token

• What is Own (CHX)?
• Highlights of WeOwn (CHX)
• In terms of Business Model
• On the blockchain side of WeOwn (CHX)
• What are the problems WeOwn (CHX) offers to solve?
• Fundraising problem
• Difficulties for investors
• WeOwn (CHX) Problem Solving
• Project development roadmap
• Details about CHX . token
• What is CHX token used for?
• Basic information about CHX . Token
• CHX Token Allocation
• CHX token distribution schedule
• How to earn and own CHX . tokens
• The safest place to store and trade CHX tokens today
• The future of WeOwn (CHX), should invest in CHX token or not?
• summary

The topic of connecting businesses and investors is probably not a new topic. In particular, we must mention the Own project with a different way of operating through the STO form, which has helped many SME businesses raise capital successfully. Besides, investors also have more better investment options. So how did Own do? What role does the CHX token play in Own's network? Let's explore this project with TraderH4 in the article below!

What is Own (CHX)?

WeOwn is a decentralized platform on the topic of buying and selling stocks and securities. At WeOwn market, business owners have the ability to raise capital for their headquarters through STO method. The way to raise capital ICO over time has become the "playground" of poor quality projects, causing many investors to lose money. The founding team takes advantage of investors' ignorance to trick them into investing in shoddy projects or blatant scams that take away a large amount of money poured in. 

Meanwhile, an STO is different from an ICO, where investors are well aware that they are investing in an investment contract that bids on the blockchain startup to comply with existing jurisdictional regulations. Specifically, at WeOwn Market, companies can raise capital by selling their shares in the form of STO. Investors can also participate in buying/selling shares of the business through the CHX token of the WeOwn project. 

WeOwn was born in July 2017, under the original name of Chainium. The company officially rebranded to WeOwn, after the ICO issued and distributed CHX tokens according to ERC20 standards in March 2018. In particular, the project made public DPoS BFT based on the bidding consensus protocol and has a network of operating centers in Germany, Bosnia, Liechtenstein and the United Kingdom.

Highlights of WeOwn (CHX)

So is this project really outstanding and potential? Let's take a look at the Business Model and technology of the WeOwn project with TraderH4. 

In terms of Business Model

• The project creates opportunities for investors to buy/sell shares of businesses sold on WeOwn market and business owners do not have to pay any fee to sell shares. Thus, WeOwn does not charge a fee to buy/sell shares to both investors and selling businesses. 
• WeOwn makes money from charging publishers on the FAST platform, royalties. In addition, WeOwn also collects operating fees through high-level services for investors such as providing investment consulting services, managing personal portfolios and providing business insights.
• For business owners, WeOwn also provides premium services such as fundraising advice, Shareholder Engagement, investor insight.
• In addition, WeOwn also charges a fee, if a third party wants to build a Dapp based on WeOwn's technology platform or the data service fee that WeOwn provides.

On the blockchain side of WeOwn

• The WeOwn technology platform is built on a Hybrid blockchain network that combines both Public blockchain and Private blockchain. Therefore, this blockchain architecture allows for extensibility, customization, and increased security.
• WeOwn applies DPoS consensus on both Validator Nodes and Client Nodes. In it, Validators Nodes are responsible for processing transactions, creating blocks and controlling the consensus mechanism between nodes. Client Nodes are responsible for observing and sending transactions on the blockchain, and it also supports the WeOwn Wallet feature.

What are the problems WeOwn (CHX) offers to solve?

The WeOwn project is solving two current problems: calling for capital from businesses and the problem of scams to steal money or entice investors to participate in poor quality projects. 

Fundraising problem

The problem of raising capital according to the traditional method has many limitations in the current era. Specifically, those issues are as follows:

• Cost of raising capital: If accessing capital in the traditional way such as through lawyers, advisors, marketing costs to reach potential investors are very expensive. 
• According to traditional investment methods, it is also difficult for investors to access many projects. Therefore, investors will miss out on many potential projects and have less choice.
• Finally, raising capital in the traditional way not only costs money but also consumes the effort and time of businesses. 

Difficulties for investors

Not all investors have the knowledge to research and evaluate a project. Therefore, if through the ICO form, investors may be led by the project's founding team into low-quality or fraudulent projects. Ultimately leading to the loss of money. 

WeOwn (CHX) Problem Solving

Before the problem both businesses and investors are facing. WeOwn has provided a comprehensive solution for capital raising and investor access to projects.

• At WeOwn Market, business owners can tokenize their business assets to raise capital via STO. Specifically, the tool that WeOwn uses is to build the FAST Platform (Financial Asset Security Tokenization – Platform). With FAST, the aspiring dev team will provide a complete, end-to-end solution for fundraising.
• In addition, WeOwn also provides Decentralized Share Register (DSR): A tool to manage and take care of investors for business owners.
• WeOwn also offers My WeOwn Investor App: A tool for investors to approach businesses and make their investment decisions. Therefore, investors can approach and choose many different projects to make investment decisions.

Project development roadmap

2017

• The project officially launched to the market and became a new model for investment in July 2017. 
• Then, in August, the project launched its Whitepaper and made its original development team public. 
• September 2017: The project was officially launched in Europe as Chainium. 

2018

• In March 2018, successfully crowdfunded and opened offices in Liechtenstein, Bosnia and UK.
•  September 2018, continue to improve the platform and receive public acceptance. 

2019

• February 2019, launched the FAST platform and is currently working on establishing alliances with key STO partners.
• WeOwn has been mainnet since April 1, 2019, Genesis Block has started to be launched. 
• On June 1, 2019, the project officially swapped CHX tokens to CHX coins running on its own blockchain platform – WeOwn blockchain.

Details about CHX . token

CHX is the Utility token of the WeOwn platform. CHX was initially launched on the Ethereum blockchain, following the ERC20 standard. However, after launching the mainnet, the project decided to transfer CHX tokens to the WeOwn blockchain platform.

What is CHX token used for?

So what is the CHX native token used for? CHX is like a currency to pay costs, pay rewards, and drive the operation of WeOwn. 

CHX is used to pay fees in the WeOwn ecosystem 

• For businesses: They must use CHX tokens to pay for services from WeOwn such as fundraising advice, Shareholder Engagement, investor insights.
• For investors: They must use CHX tokens to pay for services provided by the WeOwn project such as investment advice, business insights,
• For third parties: To access the data that WeOwn has aggregated, they must pay with CHX tokens. In addition, this token is also used by them to pay fees if they want to build Dapps that are integrated with the WeOwn network. 

Use CHX token as reward

WeOwn uses CHX as rewards for many programs for businesses, investors and third parties. 

• CHX is used to pay for Referral programs.
• CHX is used to reward business owners who have successfully raised capital.
• CHX is used to give back to business owners based on the “volume” of services they use.
• CHX tokens pay 3rd parties whose Dapps work efficiently and achieve a large number of transactions.

Use CHX token for operation

• Business owners wishing to issue STOs must purchase and hold CHX tokens for the entire life of the shares.
• The business owner must lock up at least 1% of his or her total shares, once approved by the STO.
• The amount of enterprise-locked CHX tokens, will be transferred to the WeOwn Reserve Fund and used to insure investors.
• CHX is used for staking during transaction verification and block generation. 
• CHX is used to pay rewards to validators, verifying transactions. 

Basic information about CHX . Token

• Ticker: CHX
• Blockchain: WeOwn blockchain
• Token type: Utility token
• Initial Total Supply: 200,000,000 CHX
• Token burnt: 31.043.478 CHX
• Total supply: 168,956,522 CHX
• Circulating supply: 99,719.012.26 CHX

CHX Token Allocation

The proceeds from the community sponsorship will be divided as follows:

• 60% will be used to develop IT (50%) and infrastructure (10%) for the WeOwn network. 
• 15% is used to cover expenses in business activities.
• 10% to ensure regulatory compliance.
• 10% is used for marketing and marketing activities.
• 5% is returned to the founders to pay the cost of the project during the start-up period. 

CHX token distribution schedule

Here is the project's token allocation plan:

• Private Sale: In this round, WeOwn plans to 50 million tokens that account for about 25% of the total supply and raise about 7,390 ETH. 
• Pre – Sale: The project did not provide the amount of CHX sold in this round but raised 1,257 ETH. 
• Public Sale: When selling publicly to the public, we also do not know how many CHX tokens the project sold but raised 343 ETH.
• Founder & Manager team will be allocated 25% of total tokens equivalent to about 50 million CHX. 
• 5% of the total supply, equivalent to 10 million tokens, will be used to pay the cost of issuing tokens. 
• 20% will be used for WeOwn's Reserve Fund of approximately 40 million tokens. 

How to earn and own CHX . tokens

Like many other PoS tokens, here's how to earn CHX tokens:

• Buy directly on exchanges that have listed tokens like BitMax, HitBTC… This is the simplest and most popular way. According to information on CoinMarketCap, at the time of writing, this token is trading at $0.008053. 
• Stake CHX tokens to become validators, participate in transaction confirmations and receive rewards. Because WeOwn works with DPoS consensus mechanism. 

The safest place to store and trade CHX tokens today

CHX has now launched the mainnet and the token is already running on the WeOwn blockchain platform. Here are the most secure ways to help you store and trade CHX tokens today. 

• Currently, CHX has been listed on many exchanges such as BitMax, Hotbit and Pancake Swap V2. So you can also store this token on the exchange's own hot wallets. However, it is clear that, despite being present for 4 years in the market, this token is still not available on today's leading exchanges such as Binance, Huobi, Coinbase ...
• In addition, WeOwn also has its own storage wallet, so you can visit https://wallet.weown.com/ to create a wallet and this is also a safe place to store CHX. 

The future of WeOwn (CHX), should invest in CHX token or not?

According to statistics, there are currently more than 500 million medium to micro enterprises globally. Among them, up to 30% of businesses are still looking for solutions to expand their finances. Therefore, it is clear that providing services to mobilize capital and approach potential investors for businesses is still a potential field. 

The idea of ​​the project is not too new, before that there were a number of projects involved in solving this problem, including the Lition blockchain. However, the asset tokenization platform to help businesses raise capital in the form of STOs really thrive or not completely depends on the core team of WeOwn. 

Tracking the price action of the CHX token, perhaps the golden age of 2019 has indeed passed. In 2019, the price reached an all-time high and from that point until now, the price has always plummeted, despite the market's impressive growth in the period 2020-2021. This may have reflected. reflects WeOwn's business performance over the past few years. 

summary

WeOwn is a blockchain platform that offers STO solutions, tokenization of shares, helping businesses raise capital and investors have the opportunity to access better investment opportunities. Hope you got a lot of valuable information in this article. Although the project was highly appreciated in the early years of market launch, in recent years, the price of CHX has plummeted, leaving investors quite disappointed. Therefore, you need to carefully research and evaluate the project in all aspects before making an investment decision.