Introduction

The adoption of cryptocurrencies is limited by challenges in ease of use, security concerns, and compatibility with existing systems. Choise.ai, formerly known as Crypterium, pioneered developing innovative use cases for cryptocurrency and integrating them with traditional financial systems.

With Choise.ai, users can now spend cryptocurrency like the money in their bank accounts, and navigate decentralized finance without technical hurdles.

In this article, we’ll dive into Choise.ai’s evolution, explore the products in its ecosystem, and examine the various uses of the CHO token.

What is Choise?

Choise.ai is a web3 company that creates and provides various centralized, decentralized, and AI products. Their offerings include direct-to-customer solutions like cryptocurrency bank cards, centralized and decentralized wallets, and cross-chain bridges. Recently, they have expanded to offer their products to banks, fintechs, and startups that want to adopt cryptocurrency services for their customers.

Choise.ai is backed by GeekCartel, Magellan Capital, HS3, True Block Capital, and Meta Web.

The Evolution: Crypterium → Choise.com → Choise.ai

Crypterium was launched in 2017, as a centralized service that offered custodial wallet, crypto trading, and payment solutions for cryptocurrency. It pioneered innovative uses of cryptocurrency such as:

• Crypto-to-Bank Transfers
• Crypto Purchase with Fiat
• Crypto Bank Transfers Via IBAN
• Crypterium Cards with UnionPay and VISA
• Interest Accounts

In 2022, Crypterium merged with Charism, a DeFi protocol that provides a suite of products such as non-custodial wallets, cross-chain bridges, decentralized derivatives, and other solutions.

This led to the formation of Choise.com, a platform that offered CeFi and DeFi services. This rebranding also came with the launch of the CHO token and an NFT collection.

Following the success of the Choise team’s brainchild, Vault, an enterprise-grade crypto-banking platform. It merged Choise.com with Vault to create Choise.ai, an ecosystem that would feature other direct-to-user and business-to-business products.

Choise.ai is now positioned to dominate the B2B space for cryptocurrency products. The niche remains low-competition due to high entry costs and the extensive experience required.

Founders

Vladimir Gorbunov

Vladimir is the CEO and co-founder of Choise. He is an experienced entrepreneur focused on IT and Finance, with 4 tech patents to his credit.

Austin Kimm

Austin is the co-founder of Choise and also doubles as the Director of Strategy and Investments. He is the CEO of the enterprise white-label crypto-bank, Vault.ist. He has a Bachelor of Laws Degree from Essex University and an Executive MBA Training from the Wharton School, University of Pennsylvania.

Anastasia Kor

Anastasia is the Chief Marketing Officer for Choise and Vault.ist. She has handled Marketing for Crypto projects like ArtWallet, CINDX, etc. She has a Master’s Degree in Business, Management, and Marketing from Gubkin Russian State University of Oil and Gas.

Understanding the Choise Ecosystem

Choise.ai was birthed from the merging of Choise.com with Vault.ist.
(Source: Choise.ai)

Choise.com

Source: Choise.com

Choise.com is the leading product in the Choise ecosystem bridging the gap between CeFi and DeFi. It offers storing, purchasing, and swapping of cryptocurrencies, cryptocurrency cards, earning models like staking, interest accounts, and access to liquidity pools.

As a financial institution, Choise.com is a licensed and fully regulated institution in the European Union. It is in partnership with insurance providers; BitGo, Ledger Vault, and Chainalysis for investigation and withdrawal protection.

Vault

Source: Vault.ist

Vault is a crypto banking platform that offers white-label products for businesses to launch their custom-made digital/crypto banking services. It also offers wallet applications, token solutions, crypto payment cards from Visa, Mastercard, ApplePay, fiat-to-crypto, and crypto-to-fiat services.

As of the time of writing (June 2024), the company has secured 54 contracts, amassing a total value exceeding $25 million.

The VLT Token

The VLT token is the native token for Vault that will launch on the BSC network, released as an exclusive token funded directly from Vault’s revenue. This innovative token is designed to reward the Choise community for their contribution to the growth of the Choise ecosystem.

Eligible holders will include:

• Early buyers of CHO tokens
• Buyers at the IDO stage
• Seed/Private stage investors
• Current CHO owners
• Future CHO owners
• CHOBIES NFT owners (a separate drop-in VLT coins will be provided)

Source: Choise

To claim VLT tokens, users simply need to stake their CHO tokens, with their VLT allocation depending on the duration and volume of CHO staked. To unlock more rewards, VLT tokens can be placed in a token pool, where VLT token holders can lock tokens in a specific tier, and receive a certain amount of points. Every month, Vault will allocate a portion of its revenue to each tier.

Tringlr

Source: Choise

Tringlr is an advanced wallet built on Secure Multiparty Computation (SMPC) technology. It is designed as a hybrid wallet that allows users to securely store their assets in a decentralized manner while still being able to perform centralized operations such as crypto-to-crypto exchanges, transfers, and even crypto-to-fiat conversions.

Source: Choise

One of Tringlr’s key features is its triple-layered security. Each transaction requires approval from at least two of the three possible parties: the user, a centralized authority, and a third-party validator known as a “secure agent.” The wallet keys are distributed between the wallet owner, the centralized platform, and the secure agent, preventing unauthorized withdrawals and ensuring that all actions are securely validated.

Tringlr also provides a special recovery option. In an emergency, users can redirect their funds to a backup wallet that can be entrusted to a family member or friend.

With its multi-chain feature, users can simultaneously store funds in networks such as Ethereum, Polygon, Tron, Base, Solana, etc. Tringlr will be available for enterprise-grade and consumer-level applications, making it accessible to users worldwide.

PerpeX

Source: Choise

PerpeX is a multi-chain decentralized perpetual trading platform that offers various options, from low-caps to large-cap assets, including forex, metals, stocks, and synthetic markets. It provides up to 1000x leverage for trades. Some of its unique features include its efficient price aggregation mechanism and the Virtual Automated Market Maker (vAMM) which allows users to operate in low-liquidity markets.

Entropy

Source: Choise

Entropy is an enterprise-grade Layer 2 blockchain designed to integrate AI functionality. This platform will enable AI agents to write and automate smart contract execution, creating a highly efficient and intelligent blockchain environment. It will also feature a marketplace for AI models and a no-code environment, lowering the barriers to entry and making it accessible for anyone to build on the blockchain with artificial intelligence.

Chobies NFT

Source: Chobies NFTs

Chobies NFTs are a unique type of NFT launched by Choise that merges elements of NFTs and crypto tokens. Generally known as NTOs (NFT Token Offerings), they are NFTs bundled with tokens and sold at a discount. Each NFT contains 1000 $CHO and other benefits such as 99% cashback, bonuses up to $100,000, and a 5% royalty on each resale. You can mint Chobies on the designated website. Choby holders also have the opportunity to participate in the incentivized VLT token.

What is CHO Token?

The CHO token serves as the utility token for the Choise ecosystem, available on Ethereum, BSC, and Solana.

Token Utility

Here’s how $CHO fits into various sectors of the ecosystem:

Vault

Vault will allocate up to 20% of its revenue to $CHO holders via the $VLT token. Only $CHO holders will be eligible to receive $VLT tokens, thus creating a direct incentive to hold and stake $CHO.

PerpeX

$CHO will be used to pay trading fees with a discount of up to 50%, make key decisions regarding the project, and access premium features.

Tringlr

The CHO token will be used as a fee for transactions and transfers. A small annual fee for wallet storage will also be paid in $CHO. Third-party secure agents will be incentivized in $CHO for authorizing wallet transactions.

Entropy

$CHO holders will receive airdrops and incentives for being early adopters, unlocking exclusive platform features.

Project Tokenomics

Source: Choise

The CHO token has a total supply of 1,000,000,000 tokens with a circulating supply of 255,563,604 CHO, as of the time of writing.

Is Choise (CHO) a Good Investment?

Choise is developing a variety of products, and $CHO will be the central token for the ecosystem, as these products begin to gain traction. This has the potential to increase the value of $CHO as it contributes to its overall demand.

Choise can also focus on improving its current products instead of constantly creating new ones, as investors might perceive constant change as a lack of clear strategy or confusion about its value proposition.

Investors are encouraged to research and evaluate their risk tolerance before investing in any cryptocurrency because, like any investment, investing in Choise (CHO) carries certain risks. Investors should consider the cryptocurrency market’s volatility and potential regulatory changes.

Note: Investing in Choise or any other crypto project does not guarantee profit and could result in capital loss.

How to Own CHO?

To own CHO, you can use the services of a centralized crypto exchange, such as Gate.io. Start by creating a Gate.io account and get it verified and funded. Then, you are ready to go through the steps to buy CHO.

News on Choise

Choise Announces Massive $VLT Airdrop for $CHO Holders

Source: Choise

Choise has announced a massive airdrop of $VLT, the token for Vault, an enterprise-focused crypto banking platform. Users can participate in the airdrop via Telegram and earn points through referrals and other tasks.

$CHO Launches on BSC, with $500,000 Lottery

Choise has announced its expansion into the BNB Smart Chain network. To commemorate the event, they have created a special pool of CHO tokens worth $500,000, with the lottery to be distributed among CHO Holders on the BSC network.

Take Action on CHO

Check out CHO price today and start trading your favorite currency pairs:

• CHO/USDT