Choise.ai is on the brink of a monumental event: the upcoming merge of the CRPT and CHO tokens. This significant milestone marks a pivotal moment for both CRPT and CHO token holders in our journey.
A Historical Path
Seven years ago, when we started building Crypterium as a crypto bank, we could never have imagined how far we’d come. What began as a retail crypto bank has grown into a comprehensive ecosystem offering a wide range of services for both B2C and B2B customers.
In 2022, we rebranded from Crypterium to Choise.com. Since then, the company has operated under the new name and is no longer associated with Crypterium. Later, Choise.com expanded its focus to include B2B services and evolved into the Choise.ai ecosystem. One of our main priorities now is the work of our subsidiary, Vault, which provides turnkey infrastructure solutions for fintech companies and banks. Therefore, the idea of merging the CRPT and CHO tokens has become increasingly important to us.
The Choise.ai Ecosystem
The introduction of the CHO token in 2022 created some division within our community, particularly among CRPT holders who expressed concerns. Managing two tokens required significant effort in supporting exchanges, liquidity, mechanics, content, and communication channels. While it may have seemed like we were moving in different directions, we’ve always remained committed to a single strategy: making our community happy by creating top-tier products that drive demand for our services.
Exploring the Choise.ai Ecosystem: An Overview of Today's Key Projects
- Vault: A market-leading digital banking-as-a-service white-label solution that helps businesses effortlessly launch their own core banking, cards, and crypto operations.
- Choise.com: A crypto banking app with advanced wallet features, crypto interest accounts, crypto-friendly Visa® platinum cards, and more.
- Vbanq: A global, modern, and fast digital banking platform that allows customers to obtain a business bank account within 48 hours, with multi-currency support for both crypto and fiat currencies.
- Perpex: A powerful trading platform offering futures options with up to 1000x leverage, currently in active development.
- Charism: A DeFi platform that includes earn, swap, and bridge aggregators.
- Entropy: Our next-gen Layer 2 blockchain platform, сurrently in development and set to launch soon.
Given the intensive development of the ecosystem, it has already grown far beyond the original vision that shaped Crypterium and the CRPT token.
Future Prospects and Benefits for Token Holders
With future perspectives in mind, the Choise.ai ecosystem is destined for continued growth, and the CHO token will grow stronger alongside it. As the token is integrated into more services and products, it will definitely gain additional utility.
It is crucial to us that these benefits extend to all our community members, including both CHO and CRPT token holders. These include:
- CHO Token Utility: Integration across all ecosystem projects, expanding the token's utility to provide benefits to its holders.
- New VLT Token: An incentivization token that allows CHO owners to exclusively benefit from Vault's success through staking mechanics.
- Increased Market Liquidity: Higher market liquidity and increased trading activity, making it easier to buy, sell, and trade CHO tokens.
Expanded Community and Network: Growing community of CHO token holders, expanding the network within the Choise.ai ecosystem.
Merge of the Tokens: What’s Behind the Decision?
- Expansion Beyond a Retail Crypto Bank: We’ve grown from being just a retail crypto bank into a vast ecosystem that actively develops both B2C and B2B businesses.
- Unequal Benefits for Token Holders: Despite our growth, CRPT token holders have not received the same benefits that CHO token holders currently enjoy and will continue to receive in the future.
- Unified Token Advantages: The merged token will combine the strengths of both CRPT and CHO, creating a single, exemplary token integral to all aspects of our ecosystem's development. This unification will enable us to centralize our efforts, streamline operations, and enhance efficiency. The combined token will attract new exchange listings, simplify market support activities, and consolidate liquidity. By focusing all efforts on a single token, we can work more effectively toward our goals.
The Merge Process: Centralized Token Swap
The merge of CRPT and CHO tokens will soon be executed through a centralized swap, where CRPT tokens will be exchanged for CHO tokens. This process will be fully supported by Choise.ai, ensuring the interests of all parties.
Key points:
- The Choise.com App will serve as the primary platform for the swap. We will provide a fixed exchange rate of 1 CRPT = 1.05 CHO, based on the average rate of both tokens over the past 6 months. Users will have a six-month period to exchange their CRPT tokens for CHO, with additional bonuses for our most loyal CRPT holders.
- The centralized one-time swap from CRPT to CHO will also take place on supported exchanges. After the swap CRPT ticker on exchanges will be changed to CHO.
Special Attention for CRPT Holders:
We will focus on providing special support to our CRPT community, particularly long-time holders. They can receive up to 110% of their current CRPT holdings in the Choise.com App during the swap.
We will soon be announcing the specific dates for this event, along with a detailed action plan and instructions. We will also release the new Whitepaper for the unified CHO token.
To ensure accurate calculations during the event, please note that starting today, all withdrawal and exchange operations in Choise.com App involving CRPT token are suspended, and CRPT interest accounts are closed with all accrued interest being paid out.
We are confident that the merge will result in a positive outcome for all parties involved. By becoming a CHO token holder, the CRPT community is not just acquiring a new token but gaining access to a dynamic ecosystem filled with numerous opportunities for growth and rewards. Stay with us and keep an eye on updates.
