Chainx Price

(PCX)

AUD(A$)

Note: This cryptocurrency has not yet been officially listed on KuCoin.

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Chainx (PCX) Live Price Chart

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PCX(PCX) Profile

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Price Range (24h)

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24h High --

ATH: A$27.90

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Market Cap

24h Volume: --

Circulating Supply: 12,505,374

Max Supply: 21,000,000

About Chainx

What Is ChainX (PCX) Crypto?
ChainX operates as a community-run layer-2 network for Bitcoin. It is designed to enhance the functionality and scalability of the Bitcoin network by creating a secondary layer.
ChainX functions as an inter-chain bridge, allowing assets from other blockchain systems to be shared within its network. It helps expand the capabilities of the Bitcoin network while promoting cross-chain asset sharing and decentralized governance.
ChainX's primary objective is to build a trustworthy and scalable Bitcoin layer-2 solution. This secondary layer aims to enhance Bitcoin's functionality and address scalability challenges.
The ChainX network enables the sharing of native assets from different blockchain systems, fostering interoperability in the blockchain space. It is community-run, emphasizing decentralization and trustworthiness in its operations.
PCX is the native cryptocurrency of ChainX. It is used for governance, staking, and voting within the network, enhancing its security and decentralization.
How Does ChainX Work?
The ChainX blockchain platform is designed to facilitate asset interoperability and enhance the functionality of the Bitcoin network through its unique features and governance model. Here's how ChainX works:
Inter-chain Bridge
ChainX serves as an inter-chain bridge, allowing assets to move between different blockchains. It measures users' mining power based on the market value of various assets, including Bitcoin (BTC), Polkadot (DOT), Ethereum (ETH), and ERC20 tokens, promoting cross-chain asset sharing.
Asset Mining
ChainX employs a unique form of staking called "asset mining." Users can stake their PCX tokens to participate in the network's governance and decision-making processes. Stakers can vote for validators on the ChainX dApp, contributing to the platform's decentralization.
Cross-chain Collaboration
ChainX interacts with other decentralized platforms to enable cross-chain asset sharing, promoting interoperability in the blockchain ecosystem.
History of ChainX and PCX Coin
ChainX is built on the Polkadot ecosystem and serves as a Layer-2 network for Bitcoin. It focuses on facilitating asset interoperability and enhancing the Bitcoin network's functionality through its unique features, including asset mining and governance using the PCX token.
The ChainX project's founders began exploring the Polkadot whitepaper in 2016 after coming across the work of the Parity team. ChainX focuses on enhancing Bitcoin's functionality and promoting asset interoperability within the blockchain space.
What Is ChainX Tokenomics?
According to the official documentation, ChainX has fixed the total supply of PCX at 21 million and an initial emission of 50 PCX per block. This emission rate halves every two years.
The team of founders behind the ChainX project will hold 20% of the PCX total supply after the first two years of operation.

FAQ

Is ChainX (PCX) a Good Investment?

Here’s what makes PCX coin an interesting investment to consider:

Strong Fundamentals of ChainX Project

ChainX is often noted for its strong fundamentals, which include its role as a Layer-2 network for Bitcoin and its focus on facilitating asset interoperability across different blockchains. These fundamentals contribute to its long-term potential as a valuable blockchain project.

Unique Incentive Mechanism

In the ChainX protocol, users are rewarded based on the number of votes they have in the system, creating an incentive mechanism that can attract participants and contribute to the network's growth.

Long-term Outlook

ChainX's long-term outlook is a critical factor for investors. While short-term price fluctuations may occur, the project's mission to enhance Bitcoin's functionality and promote asset interoperability positions it as a potential value creator in the blockchain space.

What Is ChainX Price Prediction?

Given the highly volatile nature of the crypto market, it is impossible to offer a precise PCX price prediction over any timeframe. However, the following factors could offer a better insight into the price action and volatility in the ChainX cryptocurrency:

Development in ChainX’s Technology

Progress in ChainX's technology, development milestones, and partnerships can influence investor confidence and the ChainX price. Technological advancements may lead to higher adoption and appreciation in the PCX to USD price.

Correlation with Bitcoin Price

ChainX's price often correlates with the performance of Bitcoin, the leading cryptocurrency. When Bitcoin's price rises, it can positively impact PCX price and vice versa.

Overall Crypto Market Sentiment

Cryptocurrency prices are highly sensitive to market sentiment, including news, social media trends, and investor sentiment. Positive news and increased interest can drive up the price of ChainX crypto, while negative news can lead to a decline in the $PCX price.

What Is PCX Token Used for?

PCX is the native token of the ChainX ecosystem and has the following functions:

Pay Transaction Fees on ChainX

PCX tokens are used to pay transaction fees within the ChainX network. This includes fees for transferring tokens, executing smart contracts, and participating in various network activities.

Stake PCX for Asset Mining

You can stake PCX tokens within the ChainX ecosystem. This helps you contribute to securing the ChainX network and can earn you staking rewards.

Distribute Inter-chain Mining Rewards

ChainX is known for its inter-chain capabilities, allowing assets to move between different blockchains. PCX tokens are involved in distributing rewards generated through this inter-chain mining process.

Trade or HODL PCX

Trade ChainX coin against other cryptos on the KuCoin Spot Market to make the most of changing market conditions and volatility. Buy or sell PCX, or hold the token long-term if you believe in the future potential of the ChainX project. Remember to make any investment decision in the crypto market only after DYOR.

How to Stake PCX on ChainX

Staking PCX on ChainX involves the following steps:

1. First, find a node or validator with which you want to stake your PCX.

2. You may need to install signer software or plug-ins to manage your PCX tokens and interact with the ChainX network.

3. Import your existing ChainX account or create a new one if you don't have one already. This account will hold your PCX tokens and manage your staking activities.

4. Refresh your web connection and connect to the ChainX network using your account.

5. Depending on the wallet software or interface you are using, access the staking tools. This is where you'll find options related to staking your PCX tokens.

6. Determine how much PCX you want to stake.

7. Choose a validator node from the available options.

8. Follow the on-screen instructions to complete the staking process, such as confirming your staking amount and validator selection.

9. Leave a small amount of PCX (e.g., 0.01 PCX) to cover transaction fees associated with staking.

What is the all-time high price of Chainx (PCX)?

The all-time high price of Chainx (PCX) is A$27.90. The current price of PCX is down -- from its all-time high.

How much Chainx (PCX) is there in circulation?

As of 8 13, 2026, there is currently 12,505,374 PCX in circulation. PCX has a maximum supply of 21,000,000.

How do I store Chainx (PCX)?

You can store your Chainx in the custodial wallet of a cryptocurrency exchange without having to worry about managing your private keys. Other ways to store your PCX include using a self-custody wallet (on a web browser, mobile device, or desktop), a hardware wallet, a third-party crypto custody service, or a paper wallet.