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Chain

XCN

About

Chain is an industry-leading provider of Web3 and blockchain cloud infrastructure powered by Chain Cloud and Sequence.

$850,566,151

$123,416,657

14.52%

30d

+0%

N/A

Reward Options
Risk
Complexity
Reward
Adj. Reward
Minimum
Lock Up
Avg. Fee
Staking Ratio
Stake XCN
Risk
stable
Complexity
easy
Reward
13.09%
Minimum
-
Lock Up
-
Staking Ratio
100%
Adj. Reward
10.98%
Avg. Fee
-

Calculate how much you can earn by staking Chain. Results vary based on the staking amount, term, and type selected.

USD
XCN

Advanced calculator

Revenue over time (USD / week)

Total Reward Rate

0%

or 0% annualized

Est. Monthly Earning

$0

0 XCN

Est. Yearly Earning

$0

0 XCN

FAQ's

  • What can I earn by Staking XCN?
  • Chain Rewards are distributed from the Chain Distribution smart contract.

    The allocation available each month is 100,000,000 XCN while the reward program is in effect. These parameters can be updated with on-chain governance.

    The Chain Staking reward rate is determined by your weight in the staking contract as shown in the formula below:

    Monthly Reward Pool / Your weight % of the total XCN staked

     

  • What is the Chain Staking Epoch?
  • In the Chain Protocol each round consists of a 28 day cycle known as epochs. When a current round is completed the next epoch begins. 7 days after the conclusion of an epoch, users will be able to claim their rewards. This time lapse is dynamic and is controlled by the Chain DAO. Users do not begin accruing rewards until after 1 full Epoch plus the current Epoch they are in .

    For example I make a deposit on the 27th day of Epoch 1. I won’t start accruing rewards until Epoch 3. Same goes for those depositing on Day 2 of Epoch 1. They won’t start accruing rewards until Epoch 3.

  • How to stake XCN?
  • Staking XCN is very easy.

    First make sure you have some ETH in your wallet to pay transcation fees.

    Let’ start!

    1. Go to https://gov.chain.com/stake
    2. Here you have to login with your preferred wallet – Metamask, Trust Wallet, Coinbase or Wallet Connect
    3. Click on the Stake Button and Approve the Governance Contract
    4. Now you can deposit your XCN Token

    Voilà you earn Staking Rewards

  • Are there any risk Staking XCN?
  • Like any protocol Chain has a smart contract risk. If their code contains bugs, users’ funds are at risk.

    However, Chain’s ecosystem smart contracts have been rigorously audited by a established third party auditor.

    Have a look into the Certik Audit.

  • What is Chain?
  • Chain is a blockchain-based technology company on a mission to enable a smarter and more connected economy. They build cryptographic ledgers and cloud infrastructure that underpin transformative financial products and Web3 services.

    Founded in 2014, Chain has raised over $40 million in funding from Khosla Ventures, Pantera Capital, Capital One, Citigroup, Fiserv, Nasdaq, Orange, and Visa.

    In 2018, Stellar acquired Chain to form Interstellar, a commercial arm of the Stellar Foundation. In 2020, Chain was re-acquired to continue its mission to build a more robust global financial system through blockchain and cloud technology.

  • What is the Chain DAO and what is the Chain Constitution?
  • The Chain DAO comprises of XCN token holders who control the Chain Protocol and various Chain decentralized applications. The Chain DAO also controls the XCN DAO Treasury of 10 billion units of XCN.

    Community members can also vote for delegates who will be their voice and reason on Chain Governance.

     

    The Chain Constitution is a set of rules and regulations adopted by the community to ensure a fair, safe, and transparent decentralized environment governed by its users.

    The latest Chain Constitution can be found under this link: https://forum.chain.xyz/t/cip-3-enact-the-chain-community-constitution/

  • What is the XCN token?
  • Chain Token (“XCN”) is the native cryptocurrency and governance token of the Chain Protocol and Chain ecosystem of products. XCN is a utility-based cryptocurrency which is used for discounts, premium access, and to pay for commercial fees on Sequence, a ledger as a service, designed for enterprises, as well as other Chain products. XCN is also used for on-chain governance for various community driven programs through Chain DAO.

    XCN was upgraded and re-denominated in March 2022 to enable native goverance features inherent in the token smart contract.

    Chain’s decentralized applications utilize XCN as the governance token that enables XCN stakers to participate in the Chain DAO to vote on Chain Improvement Proposals (CIPs), earn XCN rewards for securing the protocol, and to vote for grants provided by the DAO treasury.

  • What is Sequence?
  • Sequence is a ledger-as-a-service for managing balances. It combines the power of a token-based data model with the convenience of the cloud, making it easy to build, operate, and scale forward-thinking products. Sequence can securely track any type of value, letting software teams focus on shipping and scaling their products instead of building and maintaining ledger infrastructure.

    Sequence is used as a system of record by a diverse set of companies including mobile wallets, crypto asset exchanges, lending platforms, sharing economy apps, payment services, funding sites, asset managers, and many more. Any application that needs to record transactions and calculate balances can benefit from using Sequence.