On April 25, 2024, the CHO token, the native cryptocurrency of the Web3 digital banking development ecosystem Choise.ai, made its debut on BingX, one of the leading centralized crypto exchanges (CEX). The CHO/USDT trading pair became accessible to BingX's 10 million users, boosting the token's liquidity and visibility. To celebrate this milestone, Choise.ai and BingX announced a special trading event, offering a chance to win a portion of a 333,333 CHO prize pool for those who deposit and trade the token on the platform.
BingX opened CHO deposits on April 24, and at the same time, the CHO Listing Carnival began, offering early participants enticing benefits for trading the token on the platform. Users with a net deposit of at least 1,000 CHO (approximately 100 USDT) will get 10% cashback from a prize pool of 166,666 CHO. Each user can earn a maximum of 315 CHO, and they must complete a minimum CHO/USDT trading volume of 100 USDT to qualify. Additionally, users can share another prize pool of 166,667 CHO by reaching a CHO spot trading volume of 100 USDT and more, with a reward limit of 1,000 CHO per person.
The CHO Listing Carnival runs until May 1, 2024, and requires registration, eliminating those trading via API. All rewards will be distributed within seven days after the event concludes.
With the CHO/USDT pair available for trading on BingX, on-chain withdrawals are operational as well. Choise.ai founder, Vlad Gorbunov, commented on the listing:"The launch of the CHO token on BingX is a significant step forward for Choise.ai and our community. By joining a prominent centralized crypto exchange with millions of users on board, we are expanding our reach, enhancing liquidity, and providing our token holders with greater accessibility. Our collaboration with BingX is more than just a strategic partnership; it’s a testament to the quality and potential of the Choise.ai project,” he said.
Gorbunov further added,
“We're also thrilled to kick off the CHO Listing Carnival. By offering cashbacks and additional incentives, we're encouraging our users to explore the benefits of trading on BingX. Our goal is to create a seamless and rewarding experience, and this event embodies that ethos. Moreover, we regularly conduct various contests on X empowering our community to grow their CHO supply effortlessly. We also invite everyone who wants to make the most of CHO’s expanding tokenomics ahead of the crypto summer to participate in our grand airdrop on the Choise.ai website for a chance to win free tokens. It’s our way of showing appreciation to our loyal supporters while encouraging new investors to join the Choise.ai journey.”
Over the past two months, the CHO token has been a hot topic in the crypto community. The positive market sentiment is driven by the rapid evolution of Choise.ai, which gains value from the team’s Choise.com and Vault projects, both leading the charge in their respective crypto B2C and B2B sectors.
Choise.ai's growth will increase CHO's utility and investment potential by providing additional use cases within its tokenomics. For instance, CHO will power the ecosystem's hybrid SMPC technology, Tringlr, designed to create the most secure digital wallets. Furthermore, CHO holders will benefit from enhanced staking income, as Vault will share up to 20% of its multi-million-dollar revenue exclusively with them through the introduction of the VLT token.
In addition to its BingX listing, the CHO token is also expanding to the Binance Smart Chain (BSC), catering to the network’s vibrant community of 400,000 wallet addresses. This move creates more opportunities for market participants to engage with the token and take advantage of BSC's low-cost and smooth transactions. To celebrate this expansion, the Choise.ai team has launched a $500,000 lottery for users who transfer their CHO to BSC wallets.
Source: CoinGecko
Amidst this buzz, the CHO token increased in value by 129.8% month-to-date. During the same period, CHO's trading volume increased by 161%, indicating growing investor interest fueled by the token's recent developments. CHO even reached its 10-month high, surpassing $0.143, before entering a cooling-off period due to market corrections after a three-month rally of over 770%. Currently, it is trading at around $0.09, up by over 9% in the last 24 hours, with a market cap exceeding $9.9 million and over 109,573,000 tokens in circulation.
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