Coinbase Logo

ChainX (PCX) is not tradable on Coinbase.

Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more

ChainX logo

ChainX

PCX

About ChainX

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:

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.

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.

Market

Market stats

Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more

Market cap

$1.2M

Volume (24h)

$7,836.85

Circulating supply

12.5M PCX

All time high

$19.73

Market performance

Price change (1h)

+0.18%

Price change (1d)

+2.54%

Price change (1w)

-6.4%

Price change (2w)

-18.27%

Price change (1m)

-12.7%

Price change (1y)

-11.72%

Market benchmarks

Performance (1Y)

-10.47%

Vs. Market (1Y)

-55.36%

Vs. BTC (1Y)

-60.64%

Vs. ETH (1Y)

-41.13%

Related Assets

Discover conversions

A selection of conversions from different assets to top cryptocurrencies.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

A selection of the most recently added cryptocurrencies.

Comparable market cap

Of all the assets on Coinbase, these 12 are the closest to ChainX in market cap.

Advanced trading

Here is a selection of spot and futures markets that people watch

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

ChainX is on the decline this week.

The price of ChainX has increased by 0.18% in the last hour and increased by 2.54% in the past 24 hours. ChainX’s price has also fallen by 6.40% in the past week. The current price is $0.0927 per PCX with a 24-hour trading volume of $7.84K. Currently, ChainX is valued at 99.53% below its all time high of $19.73. This all-time high was the highest price paid for ChainX since its launch.

The current circulating supply of ChainX is 12,505,374.7 PCX which means that ChainX has as total market cap of 12,505,374.7.

FAQ

What is the current price of ChainX?

We update our ChainX to USD currency in real-time. Get the live price of ChainX on Coinbase.

What is the market cap of ChainX?

The current market cap of ChainX is $1.16M. 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 $7.84K.

What other assets are similar to ChainX?

Assets that have a similar market cap to ChainX include Lithium, Stobox Token, Cipher, 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.