Polygon $DeFiForAll Fund Invests in $CHTX

Chatex is Integrating with Polygon Platform

4 min readOct 22, 2021

Chatex is to leverage Polygon’s scaling infrastructure to accelerate mass adoption of Defi solutions

Polygon has shown trust and support by investing in $CHTX from its #DefiForAll Fund. We’ve been praised for our exponentially growing user base and are to utilize this opportunity, so everyone becomes acquainted with the benefits Chatex holds.

As part of the arrangement, the Polygon team will advise Chatex on the strategic development of the Cryptobank, proactively assisting the project in terms of global marketing.

What is more, to boost the growth process, Chatex is thrilled to announce the integration with Polygon. Known initially as Matic Network, this protocol and framework builds and connects Ethereum-compatible blockchain networks and aggregates scalable solutions on Ethereum to support a multi-chain Ethereum ecosystem.

Introducing Polygon’s cutting-edge technology into the Chatex ecosystem provides an easy-to-use interface that maintains all of blockchain technology’s security and privacy aspects while accelerating transaction processing and block verification.

Polygon Integration and Support Overview

Chatex has formed a strategic alliance with Polygon to tackle the issues commonly faced within the Ethereum network. Polygon is a solution to today’s Ethereum network operational limitations caused by high gas prices, poor performance, and security concerns.

This cooperation opens up unlimited opportunities for Chatex’s users to benefit from seamless, secure, and instant transactions. Its distinct characteristics will lead to what seems like a technological revolution, resulting in a safe, interoperable, scalable, and adaptive ecosystem. Furthermore, our users will benefit immensely from Polygon’s fast and low-cost transactions.

Aside from continuous support, the Polygon #DefiForAll fund has joined the pool of $CHTX investors. Formerly created to scale up Ethereum and extend DeFi benefits, farming, and offering funds to a broader user base, the fund “is meant to support the best DeFi protocols and take their incredible products to the masses and Polygon’s incredible community”. AAVE, Sushiswap, Curve, and other well-known initiatives are among those supported by the #DefiForAll fund.

About Polygon and Excellerating Full-stack Scaling Solution

Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 1000+ applications hosted, ~600M total transactions processed, ~60M unique user addresses, and $5B+ in assets secured.

Polygon combines the best of Ethereum and sovereign blockchains into an attractive feature set, luring more and more projects that want to experience a new borderless economy and society.

Follow Polygon on Social Media:

Website | Twitter | Ecosystem Twitter | Studios Twitter | Reddit | Discord | Telegram | Instagram

About Chatex and Beyond Accessible Cryptobank Features

Today Chatex is the second largest crypto wallet and p2p exchange in-app platform for Telegram. Chatex in numbers:

  • 374k+ Registered users
  • 15,2% Activated users (at least one financial transaction)
  • 240% Trading volume annual growth
  • $165mln+ Total turnover
  • 14 Cryptocurrencies
  • 169 Local fiat currencies

The main mission of Chatex is to make cryptocurrency transactions available to people around the world, regardless of their social and financial situation.

Using the Chatex Cryptobank, anyone can buy, sell, transfer, and invest their cryptocurrency through the comfort of a messenger app in a simple, accessible and secure manner.

Chatex falls into the category of three niches: messengers, crypto, and DeFi, which are very attractive and rapidly growing.

About the Synergy Between Chatex and Polygon

The collaboration of Chatex and Polygon Network — is a match made in heaven. Both share the same genuine idea of transforming the complex DeFi world into a simple and healthy environment. Slow block confirmations, high transaction fees, low scalability, and poor user experience are some of the key roadblocks for the mass adoption of blockchain applications — the goal Chatex strives to reach.

The implementation of Polygon opens the door for our technology team to leverage already easy-to-use tools so that everyone can store, buy/sell, exchange and, earn cryptocurrency even faster, cheaper, and more efficiently.

Share your thoughts about the Polygon integration in our community!

Join the discussion in our Telegram chat!

Chatex is here to make the entire DeFi world as simple, secure, and accessible for the global community as it can be.

Don’t miss out — stay tuned to our updates in our Telegram group and Twitter. Join our whitelist not to miss any token-related news!

Join Chatex and enjoy Simple, Secure and Accessible DeFi solutions!