Chain is a blockchain-based technology company founded with the aim of providing a smarter economy model. Chain creates cryptographic ledgers and cloud infrastructure that supports Web3 services and financial products. XCN Coin is Chain’s native cryptocurrency.
What is Chain?
Chain is a blockchain company that set out to provide a smarter and more connected economy. The project, which aims to enable companies to create better financial services from scratch, has a cloud blockchain infrastructure. After launching Cahin Core, a permissioned and open-source blockchain, and its ledger, Sequence, as a service product, the project objectives have come to the fore.
The Chain project also has the goal of creating cryptographic ledgers that support groundbreaking financial products and services. As a service platform, the ledger is supported by Sequence. The company, which has a deep-rooted history, has been continuing its activities with blockchain technology planning for many years.
Chain was founded in 2014 by Adam Ludwin. The company is headquartered in San Francisco, USA. Chain platform; It has managed to collect more than $40 million in funds from many corporate companies such as Visa, Nasdaq, Orange.
What is XCN Coin?
XCN Coin is the cryptocurrency of the Chain protocol. In other words, it is the governance and utility token of the Chain Protocol designed for protocol enhancements and various community-driven transactions.
This token is used to vote for improvements and innovations in the network. XCN is also used as a payment method for transactions made on the network. XCN allows users to earn discounts on the transactions they perform on the platform. It also allows platform users to use premium features. XCN is built on the Ethereum blockchain and works with the ERC-20 standard.
How Does Chain (XCN) Work?
Although the Chain company stands out with many important features, the most striking unique feature of the project is that it is designed to be a cryptographic ledger. Developed as a shared and multi-asset ledger, the system uses the principle of least authority, separating control over assets and control over ledger synchronization. All values in a ledger are represented as coins. Each token has been developed as an indivisible and single unit expressing a particular type of value. The main unique features of the project that make it stand out and distinguish it from its competitors are:
- Sequnce was developed as a service ledger for managing balances.
- It combines a token-based data model with the convenience of cloud technology, making it easy to build, operate, and scale future-proof products.
- The company allows the network participant to define and publish their assets by writing special “giving programs”.
Chain Market Data
In crypto assets, market information shows important variables such as the price, volume, supply and demand of a crypto asset. This data can be used to predict the future performance of crypto assets.
Price: The price of crypto assets is determined by supply and demand. An increase in price indicates low supply and high demand, while a decrease in price indicates excess supply and low demand.
Volume: Volume indicates the amount of a crypto asset traded in a given time frame. If the volume is high, the interest of the investors for that asset is high.
Supply: The supply of crypto-assets refers to the amount of that asset currently available. Some crypto assets are limited in supply, and this limited supply can cause the value of the asset to increase over time.
Request: The demand indicates how much people believe that crypto asset is worth. If demand is high, the price will go up.
This data is obtained from a variety of sources and is usually accessible over the internet. For example, sites like Coinmarketcap and CoinGecko can be used to track the prices, volume, and other data of crypto assets.
The market information of XCN coin is also affected by all these factors, either positively or negatively.
How Much is XCN Coin Supply?
Cryptocurrency supply refers to how much a cryptocurrency currently exists or how much will be produced in the future. Supply is often defined as the total amount of a cryptocurrency. Unlimited supply can cause the value of cryptocurrencies to become less stable and cause their prices to change more quickly.
There are 21 billion XCN Coins in circulation, with a total of 53 billion XCNs.
XCN Coin Price
XCN, the native token of the Chain platform, which was created to provide better financial services, works with the ERC-20 standard. You can manage your XCN balances with desktop, mobile and hardware wallets that support ERC-20 based Ethereum assets.
The current price of XCN coin is as follows:
Chain (XCN)
How Much Is the Chain ATH Price?
The prices of cryptocurrencies can change depending on many factors such as market supply and demand, investors’ expectations and other factors. The highest price usually occurs when market supply is low and demand is high. At the same time, investors evaluating the future potential of cryptocurrencies expect prices to rise, which may cause prices to rise. However, due to the volatility of cryptocurrencies, prices can be subject to sudden changes and involve high risk for investors.
Chain Token highest ATH price is $0.18 USD on May 27, 2022.
How Much Is the Chain ATL Price?
The lowest prices of cryptocurrencies can change due to many factors such as the balance of supply and demand, regulations, interest from institutional investors, technological developments and speculative expectations. Lowest prices are usually the result of long-term declines and the timing cannot be predicted.
Chain Coin lowest ATL price was recorded as 0.0028 USD on 14 June 2022.
On Which Exchanges Is XCN Coin Available?
With the advent of cryptocurrencies, crypto exchanges have emerged to exchange digital assets. The first crypto exchange emerged as an online game called SatoshiDICE, founded on the BitcoinTalk forum in 2010. This was a game where users played with Bitcoin and either won or lost. In 2011, the first professional crypto exchange, Mt. Gox was founded in Japan. This exchange served as the first central clearinghouse for Bitcoin and became available to investors worldwide. Later, with the emergence of other cryptocurrencies, different crypto exchanges emerged and still continue to serve.
XCN can be purchased on the following exchanges:
- DigiFinex
- BtcTurk
- bitget
- Gate.io
- Bittrex
- Coinbase Exchange
- Huobi
- hotbit
- Kraken
- KuCoin
- bitrue
