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Chain

XCN

4.1

Price
$0.0746
10/4/2022, 1:29:55 AM
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Market

Market stats

Market cap

$1.6B

Volume (24h)

$11.8M

Circulating supply

21.5B XCN

Typical hold time

4 days

Popularity

#28

All time high

$0.17

Price change (1h)

+0.13%

Price change (24h)

+1.35%

Price change (7d)

+1.98%

Trading activity

12% Buy0% Buy
88% Sell100% Sell

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Chain is on the rise this week.

The price of Chain has risen by 1.98% in the past 7 days. The price increased by 1.35% in the last 24 hours. In just the past hour, the price grew by 0.13%. The current price is $0.07459 per XCN. Chain is 54.93% below the all time high of $0.165483.

The current circulating supply is 21,472,783,889 XCN.

About

XCN is an Ethereum token that governs Chain Protocol and used to vote on protocol improvements and various community driven programs. XCN is also utilized for discounts, premium access, a payment method for commercial fees on Sequence and other Chain ecosystem products.

What Is Chain (XCN)?

Chain Protocol is an infrastructure for a multi-asset, shared, and cryptographically secure ledger. To explain further, Chain refers to a blockchain-based technology protocol that aims to develop and run a smarter and internally connected economy, with a mission to create cryptographic ledgers capable of improving existing financial products and services. The Chain ecosystem is powered by Sequence, the ledger-as-a-service platform. Sequence functions on a cloud blockchain infrastructure that seeks to allow companies to develop better and more efficient financial services from scratch.

Chain supports interoperability and coexistence of various independent networks that share common capabilities and format. The Chain ecosystem utilizes the principle of least authority, meaning that the control over assets is separated from control over ledger synchronization for better security. The principle of least authority/privilege refers to a security concept wherein the user only has levels of access needed to complete their job.

Further, Chain Protocol aims to create a safe and secure environment by following an infrastructure where participants can define and issue assets by simply writing custom issuance programs. The issued assets then are controlled by Chain’s control programs. Additionally, these programs integrate into an advanced programming language in order to develop unique smart contracts. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. Moreover, Chain supports multiple networks; each network is secured via a group of block signers to seek to keep the protocol safe from forks. Lastly, for better efficiency, block creation is assigned to an individual block generator where any node can authenticate the blocks for submitting transactions.

Apart from this, Chain has a utility-based cryptocurrency, denoted by XCN. The XCN token can be utilized in a few ways such as getting discounted services, premium access, and paying the commercial fee for the Sequence blockchain. At the same time, XCN can also be used as the governance token for different community-driven projects.

History of Chain (XCN)

Chain was founded back in 2014, and Deepak Thapliyal currently holds the CEO position in the company. The maximum total supply of the XCN token is 53,474,611,831.

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Social

Chain on social media.

Chain was mentioned in 33 out of 1,320,040 social media posts on Twitter and Reddit on Oct 02, 2022. 48 unique individuals are talking about Chain and it is ranked #691 in most mentions and activity from collected posts.

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Key indicators

Contributors

48 people

Posts

33 posts

Dominance

0%

Volume rank

#691

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FAQ

What is the current price of Chain?

The price of 1 Chain currently costs $0.0746.

What is the market cap of Chain?

The current market cap of Chain is $1.59B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Chain?

The all-time high of Chain is $0.17. This all-time high is highest price paid for Chain since it was launched.

What is the 24 hour trading volume of Chain?

Over the last 24 hours, the trading volume of Chain is $11.75M.

What other assets are similar to Chain?

Assets that have a similar market cap to Chain include Bitcoin BEP2, Flow, Toncoin, and many others. To see a full list, see our comparable market cap assets.

How many Chain are there?

The current circulating supply of Chain is 21 billion.

What is the typical holding time of Chain?

The median time that Coinbase customers hold Chain before selling it or sending it to another account or address is 4 days.

What is the relative popularity of Chain?

Chain ranks 29 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Chain?

Currently, 12% of Coinbase users are buying Chain. In other words, 12% of Coinbase customers have increased their net position in Chain over the past 24 hours through trading.

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