Hotbit does not provide endorsement for any blockchain assets. All introduction information regarding the assets is originated from third party sources and that emissions and errors might occur in the information provided.
The investments in blockchain assets are highly risky; the user is solely responsible for undertaking the risks of any asset shrinkage or lost. Please do conduct investment activities cautiously based on your own situation.
At present, the assets of the blockchain system are trapped in their own systems, and there is no inter-chain division of labor and collaboration: BTC has established the largest scope of consensus, but the transaction efficiency is low; ZEC has established a privacy function, but no intelligent contract capability; ETH has established Smart contracts can't be migrated to the POS system; ChainX transforms the inter-chain assets in a decentralized way. Any chain can establish asset connectivity with all chains as long as it establishes a connection with ChainX.
PCX is a system currency issued by an independent chain.
Token Status and Distribution
The total amount of cryptocurrency PCX issued by ChainX is 21 million, which is halved every two years.
20% of the first two years of circulation is owned by the founding team for ongoing development funding. After two years, the chain will be fully owned by the community, with the founding team accounting for only 10% of the total.
The user enters ChainX's various assets through cross-chain recharge, and will automatically convert the PCX market value according to the daily average price, and distribute the issued PCX according to the total market value of the held assets.
The PCX from the user's mining can be used to pay for miners, mortgages to become nodes, vote for election nodes, and intermediate currency for redemption of certain niche assets.