Bitfinex will list the Chain Token (XCN), a Chain Protocol governance and utility asset, which aims to build cryptographic record systems to make financial services smarter, safer and more connected.
As a provider of blockchain infrastructure Based on Ethereum, Chain seeks to solve the problems associated with legacy financial systems by deploying decentralized accounting technologies and cloud infrastructure.
“We are pleased to welcome Chain and XCN to our thriving digital token ecosystem.”, said Paolo Ardoino, CTO of Bitfinex. “We anticipate strong interest in XCN among the exchange’s growing client base“, he added.
Chain, whose clients include Visa, Nasdaq and Citigroup, raised $44 million from Khosla Ventures, RRE Ventures, Thrive Capital and strategic partners including Visa, Nasdaq, Citi, Capital One, Fiserv and Orange.
As a digital token designed for holders to vote on community-oriented programs and protocol improvements, XCN allows users to take advantage of Chain’s network and products. Chain’s main products include Sequencea revenue and billing management system that allows companies to keep asset sales records on the blockchain, and RPC/API (Remote Procedure Call API).
“We are excited to be working with Bitfinex, one of the world’s leading digital asset exchanges.“, said Deepak Thapliyal, executive director of Chain, “lExchange users will now have the opportunity to use the Chain protocol and access our leading ecosystem“.
Chain has a circulating supply of 21 billion XCN and a total supply of 53.5 billion XCN.
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