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Chain Token (XCN)

The Official Chain Protocol

The Chain Ecosystem Cryptocurrency. Stake your XCN today to participate in Chain Governance.

Get rewarded by completing learning modules about the Chain Ecosystem.

Coinbase recently launched a “Learn-to-Earn” program with #XCN.

Token

Chain Token (XCN) is the governance and utility token for the Chain Protocol designed 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.

Utility

What is XCN used for?

XCN has a variety of use case applications within the Chain ecosystem, outside of voting on Chain Protocol and Chain DAO activities. Users can also stake XCN to secure the protocol and earn rewards. We offer priority access to our suite of products, as well as discounts for our software services. XCN can be used as a secure method of payment for the Chain Protocol as well.

Distribution

The total supply of XCN is: 53,470,523,779

Circulating

Amount: 23,470,523,779 XCN

Details: The total unlocked and freely circulating XCN available in the market

Months: N/A

0xA2cd3D43c775978A96BdBf12d733D5A1ED94fb18
Company

Amount: 15,000,000,000 XCN

Details: The Company allocation is set aside for Chain's parent entity and designed to be utilized for corporate operations. These tokens are locked in a Time Lock Smart Contract with a monthly release of 100,000,000 XCN beginning April 2023

Months: 150

0x8f6ffec54c1e569c63992eb2dc4fae84e3792551
Team

Amount: 5,000,000,000 XCN

Details: The Team allocation is the amount of XCN granted to the founders, team members, community managers, and developers of the project. These tokens are locked in a Time Lock Smart Contract with a monthly release of 100,000,000 XCN beginning April 2023

Months: 50

0x51f3e348955383f8ad5e1f37f056e8c73dabdf6c
DAO

Amount: 10,000,000,000 XCN

Details: The DAO Treasury allocation is under the control of Chain Governance Stakers who control these funds through community driven initiatives. The monthly budget passed on the last community constitution is 100,000,000 XCN

Months: 100

0x4d82f8329f308ae8cac6ee38b839611843f5e021

Last Updated: 3/18/2022

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Disclaimer: Chain Token ("XCN") was issued and distributed by Chain, a corporation located in Saint Kitts and Nevis, and is bound by the arbitration agreement located on Chain.com/legal. XCN tokens are not securities, investments or investment contracts, nor should they be construed as such. Rather, XCN tokens are a means of accessing discounts on Sequence, paying for invoices, accessing premium services and voting for community-based programs. Materials published by Chain do not constitute the provision of advisory services regarding investment, tax, legal, financial, accounting, consulting, securities offering or any other related services, nor are they recommendation being provided to buy, sell or purchase any product or service. Further, materials published by Chain reflect the information available as of the time of publishing and are subject to change at any time without notice. DO NOT purchase XCN for any speculative purposes and only purchase units of XCN that you intend to utilize and consume on the Chain ecosystem. Chain will not be liable for any direct or consequential loss arising out of the use of this material or its contents.