What is thena? Discover the outstanding features of Thena and THE . token
Ngoài PancakeSwap, hệ sinh thái BNB Chain còn có một AMM khác có TVL đạt 150 triệu USD chỉ sau hai tháng ra mắt, dự án này được gọi là Thena.
What is ChainX (PCX)? PCX Cryptocurrency Details
ChainX project overview
What is ChainX (PCX)?
ChainX is one of the cross-chain compatible blockchain platforms. ChainX will provide a solution in transferring assets on a decentralized network. In addition, ChainX uses a Proof-of-Stake consensus mechanism .
Some outstanding features of ChainX
Bitcoin Derivatives Platform
Bitcoin is by far the largest cryptocurrency by market capitalization. This coin needs further breakthroughs in blockchain technology as well as payment methods so that investors can realize Bitcoin as a store of value. Thus, ChainX appeared to research and extend Bitcoin's Layer 2 platform.
X-BTC and asset conversion portal
ChainX's asset conversion gateway consists of two parts: BTC decentralized trust and asset collateral.
BTC after being deposited and collateralized into ChainX will be converted into X-BTC. Users can use X-BTC tokens for execution, smart contracts, staking on various blockchain platforms that have joined the ChainX network with low transaction fees and high security.
Polkadot second-layer Relay chain
ChainX is designed to be a secondary relay chain of Polkadot . This helps the parachains on Polkadot to easily connect with other blockchain platforms outside of its ecosystem and vice versa. ChainX will run as a secondary network for Polkadot after the 2.0 release.
Polkadot second-layer relay chain
ChainX system architecture
ChainX is divided into 4 main modules as follows:
PCX Module : This module will be responsible for helping investors perform a number of activities related to the use of PCX coins for staking, fee payment, system administration and mining reward distribution.
DEX Module : This module will help investors to swap between many coins and tokens on different platforms with low transaction costs.
Inter-chain module : This module converts coins and tokens on different platforms into corresponding tokens (X-Tokens) in the ChainX network and vice versa.
Relay Module : This module is the place to exchange and verify information between ChainX and other blockchain platforms.
ChainX system architecture
Project team, investors and partners
ChainX development team
The ChainX project will be sponsored by Chain Pool Singapore. Key members of the project team include Guo Guanghua, Yue Lipeng and Guo Shiqing. Overall, ChainX has yet to reveal much about the project's development team.
Investors of ChainX
ChainX investors include: KR1, Fundamental Labs, DRF, In Square Ventures and Web3 Venture Capital.
Investors of ChainX
Partner of ChainX
There are many famous Chinese organizations that are partners of ChainX such as Hashkey, Bihu, Cybex, etc.
Partner of ChainX
Project development roadmap
January 2021 : The ChainX project releases its 2nd Whitepaper.
February 2021 : ChainX-Kusama parachain whitepaper published.
March 2021 : ChainX project runs ChainX-Kusama parachain test.
April 2021 : ChainX participates in the parachain auction on Kusama .
May 2021 : The ChainX project participates in the parachain auction on Polkadot. Launch the X-BTC 2.0 trust scheme and conduct the first PCX halving.
July 2021 : ChainX project converts X-BTC to ChainX-Polkadot Parachain and ChainX-Kusama parachain.
August 2021 : ChainX project launches X-BTC 3.0 trust scheme.
October 2021 : Inter-chain mirroring X-BTC feature on ChainX-Polkadot Parachain and ChainX-Kusama parachain released by ChainX.
December 2021 : ChainX project launches X-BTC 4.0 trust scheme.
2022 : Second-layer relay chain released on ChainX.
ChainX Development Roadmap
Overview of PCX
What is PCX used for?
Staking : PCX owners can take them to staking on the ChainX platform to participate in mining and receive PCX.
Reward for Mining Participants : PCX will be the reward when investors participate in mining PCX on ChainX.
Payment of transaction fees : Investors can use PCX to pay for trading activities on ChainX.
Governance : PCX owners have the right to participate in the system administration process as well as they can contribute ideas to help developers build ChainX projects.
Basic information about ChainX (PCX) coin
- Token Name : PCX
- Ticker : PCX
- Blockchain : ChainX
- Token type : Utility, Governance
- Token Standard : Updating
- Total Supply : 21,000,000
- Circulating Supply : 13,863,272
Distribution of PCX
PCX from mining is divided into 4 parts:
Team (20%) : PCX is transferred to the founding team to maintain and develop the ChainX system.
Treasury (16%) : PCX is used for community development as well as rewards for contributors who help ChainX win the parachain auction.
PCX mining (57.6%) : PCX will be a reward for investors who participate in mining by staking PCX.
Inter-Chain asset mining (6.4%) : PCX will be a reward for investors who participate in mining by depositing other platform coins into ChainX's system.
Distribution and mining of PCX
How to own and store PCX
Investors can buy PCX on exchanges like Kucoin , Gate.io, MXC… In addition, PCX can be mined on ChainX network in 2 ways:
PCX mining : To participate in PCX mining, investors stake a certain amount of PCX.
Inter-Chain asset mining : Investors will deposit and mortgage other coins such as BTC, ETH, DOT... to the ChainX network to participate in mining. Each different asset will be converted into a corresponding amount of PCX by ChainX when participating in mining.
In addition, investors can store PCX in wallets such as ChainX Wallet or exchange wallets.
summary
Above is all information about ChainX and PCX projects. With its gateway, ChainX is aiming to research and expand Bitcoin 's Layer 2 financial platform . Since then, ChainX helps BTC be applied more instead of just being seen as a store of value as it is now. If ChainX wins the Parachain auction, the platform will inherit the security from Relay Chain and become an important part of the Polkadot ecosystem.
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