Dear Community Member,

In 2017, you and I along with thousands of other believers achieved something incredible together. We raised 17.5 million dollars in our ICO for an important vision – democratizing finance.

Since then, the Change team has been working day and night to build a world-class team and ship products that have an impact on the world. In 2018, we launched Europe’s first commission-free crypto investment app. Now we started shipping one of the first crypto-friendly cards in Europe. As of April 2019, the Change app has been installed more than 25,000 times and an additional 20,000 people have registered themselves on the card waiting list.

Now, it is time for another first. We will be the first utility token company to issue its own equity-like token.

Token of Appreciation to our Community
After seven months of communication with the regulator, active community members and our legal councils, we are ready to take the next step to show our gratitude and commitment to the Community.

Starting from the 16th of September, 2019, exactly 2 years since the start of our ICO, you can swap the current CAG token to Change equity-like CNG token to become a future shareholder of Change.

The equity-like CNG token is the first step to make you a legal shareholder and it gives you similar benefits until security tokens will be issued. CNG is an ERC-20 token representing a tokenized loan contract that pays interest tied to the financial success of Change.

As a CNG tokenholder you will:
1) Profit from the success receive interest payments based on Change’s profitability;
2) Become a shareholder have a right to get Change equity in the form of security tokens;
3) Get clear legal certainty – the tokenized loan contract defines your exact rights and benefits.

The proposed token will represent your right for financial benefits and thereby any upside-sharing characteristics of CAG token as described in Change whitepaper 1.0 will be revoked in case 51% of community votes for the swap. CAG will retain its main utility of being a prepayment for Change services.

For the first 3 months, you can exchange CAG to CNG on a 1:1 ratio. The amount of CNG tokens equals to the number of company shares. For example holding 1% of CNG tokens gives you 1% of the shares of Change in the future.

More information about the token:

All You Need to Know about CAG Token Swap
Terms and conditions of CNG tokens

Important Details

14 Apr 2019

1 Jul 2019

1 Sept 2019

16 Sept – 15 Dec 2019

16 Dec 2019

20 Dec 2019

1 Jan 2020

1 Jan – 31 Dec 2020

31 Dec 2020

Release of token swap terms and CNG characteristics

Release of updated token swap web page and FAQ

Enable on-boarding to Change mobile application

Community voting and swapping period on a 1:1 ratio

Announcement of the community vote results

Latest delivery day of the first CNG tokens, if voting was favorable

CNG trading on Change mobile application

Swapping period on a decreasing ratio

Latest possible expiration date and equity conversion

If 51% vote in favor:

20 Dec 2019

1 Jan 2020

1 Jan – 31 Dec 2020

Latest delivery day of the first CNG token

CNG trading on Change mobile application

Swapping period on a decreasing ratio

If 51% vote against:

20 Dec 2019

All CAG will be returned to the original wallets


We believe that to make our vision a reality, the team and community must be equally motivated and making you shareholders aligns our goals for the long run. We will notify you when the token swap opens and you can convert your CAG in the Change app. Our team is looking forward to have you with us in building the first crypto-unicorn born on the Internet. In regard to any questions, we will publish a Q&A section which will be continuously updated.



Kristjan Kangro

CEO of Change

This communication does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security and nothing here should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction.

CNG token is not a security as defined by Estonian Securities Market Act, and it is not deemed to be public offering in any case. CNG tokens will be issued by a SPV.

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