Price
$0.33
11/29/2022, 5:13:48 AM
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Market

Market stats

Market cap

$4.1M

Volume (24h)

$74,356.00

Circulating supply

12.5M PCX

All time high

$19.73

Price change (1h)

-0.09%

Price change (24h)

+0.9%

Price change (7d)

+8.81%

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ChainX is on the rise this week.

The price of ChainX has risen by 8.81% in the past 7 days. The price increased by 0.90% in the last 24 hours. In just the past hour, the price shrunk by 0.09%. The current price is $0.328054 per PCX. ChainX is 98.34% below the all time high of $19.73.

The current circulating supply is 12,505,374.7 PCX.

About

What Is ChainX (PCX)?

ChainX (PCX) is a community-run layer2 network of bitcoin. The network aims to build a trustworthy and scalable Bitcoin layer-2, which is a secondary framework or protocol built on top of an existing blockchain network. This off-chain layer intends to increase Bitcoin’s payment speed as well as its function extension. ChainX’s community-run network aims to be the gateway to Bitcoin’s ecosystem as a layer-2 framework.

According to its whitepaper, due to the limitations imposed by block size and block production, Bitcoin falls short of providing a significant purpose when it comes to large-scale payments. Also, the network suffers from scalability issues. As a solution, Bitcoin’s reliability in the layer-2 network is built up by ChainX.

ChainX aims to allow the deployment of smart contracts using virtual machines such as EVM in order to achieve Bitcoin scalability and to provide a suitable development platform for Dapp developers. Virtual machines are sets of virtual space where code can run independently of the rest of the system. As a result, virtual machines help test new software or execute potentially harmful applications. Likewise, the Ethereum Virtual Machine (EVM) powers the Ethereum network’s nodes to execute smart contracts.

The platform aims to offer certain features like:

  • Low cost migration;

  • Familiar tools and plug-ins;

  • Web3 compatible; and,

  • Solidity smart contracts.

PCX is ChainX’s governance token. Accordingly, the token has three main utilities: governance, payment, and staking. PCX aims to represent the voting rights on the ChainX network, granting holders the ability to vote on protocols, products, new features, objectives, upgrades, and maintenance. Additionally, the network seeks to enable holders to stake their tokens in order to safeguard the network while also receiving incentives. Further, as a facilitator for the transaction process, ChainX charges transaction fees for the computational power through the PCX token.

History of ChainX (PCX)

Lipeng Yue co-founded the ChainX network in 2016 in China.

The PCX token has a total supply of 21 billion and halves every two years like Bitcoin. Halving is meant to reduce the supply of tokens in half to lower the availability even as the demand rises.

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FAQ

What is the current price of ChainX?

The price of 1 ChainX currently costs $0.33.

What is the market cap of ChainX?

The current market cap of ChainX is $4.10M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of ChainX?

The all-time high of ChainX is $19.73. This all-time high is highest price paid for ChainX since it was launched.

What is the 24 hour trading volume of ChainX?

Over the last 24 hours, the trading volume of ChainX is $74.36K.

What other assets are similar to ChainX?

Assets that have a similar market cap to ChainX include BoringDAO, Tadpole Finance, Mysterium, and many others. To see a full list, see our comparable market cap assets.

How many ChainX are there?

The current circulating supply of ChainX is 13 million.