Chain (XCN) Is Now Available for Trading on LBank Exchange

March 22, 2022 5:35 PM EDT | Source: CaphIQ

Internet City, Dubai--(Newsfile Corp. - March 22, 2022) - LBank Exchange, a global digital asset trading platform, has listed Chain (XCN) on March 15, 2022. For all users of LBank Exchange, the XCN/USDT trading pair is now officially available for trading.

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Figure 1: Chain (XCN) Is Now Available for Trading on LBank Exchange

As a blockchain based technology company, Chain is on a mission to enable a smarter and more connected economy. Powered by its ledger-as-a-service platform named Sequence, Chain builds cryptographic ledgers that underpin breakthrough financial products and services. Its utility-based cryptocurrency XCN has been listed on LBank Exchange at 18:00 (UTC+8) on March 15, 2022, to further expand its global reach and help it achieve its vision.

Introducing Chain

Chain is a cloud blockchain infrastructure that enables organizations to build better financial services from the ground up. Chain has launched Chain Core which is a permissioned and open source blockchain and Sequence, its ledger-as-a-service product. Clients can receive discounts and pay for commercial fees with its native token XCN as well as participate in community protocol governance and access to premium features.

Using Chain Core, institutions can launch and operate a blockchain network, or connect to a growing list of other networks that are transforming how assets move around the world. The Chain Protocol defines how assets are issued, transferred, and controlled on a blockchain network. It allows a single entity or a group of organizations to operate a network, supports the coexistence of multiple types of assets, and is interoperable with other independent networks. Chain Core is engineered for the performance demanded by modern financial systems. The time to create, sign, and validate a transaction is measured in milliseconds.

Sequence is a ledger-as-a-service that enables organizations to securely track and transfer balances in a token format. Using Sequence, organizations can securely manage their financial assets in a token format on private ledgers and seamlessly transfer them across public networks.

Founded in 2014, Chain has raised over $40 million in funding from Khosla Ventures, RRE Ventures, and strategic partners including Capital One, Citigroup, Fiserv, Nasdaq, Orange, and Visa. Chain has previously partnered and worked to build blockchain networks for Visa, Nasdaq, State Street, Citibank and more.

About XCN Token

Chain (XCN) is utility-based cryptocurrency which is used for discounts, premium access, and to pay for commercial fees on Sequence. It's also used for on-chain governance for various community driven programs.

The original Chain Token was CHN. Changing the ticker to XCN from CHN, the new Chain Token smart contract has been deployed to the Ethereum main network after a successful audit from CertiK. It implements native on-chain governance which the original contract lacked, and re-denominates the token at a ratio of 1:1,000. Users can simply transfer CHN through a normal ERC20 transfer utilizing any non-custodial wallet and they will automatically receive XCN back at ratio of 1,000 XCN to 1 CHN. More details can be found on Chain's official blog.

The XCN token has been listed on LBank Exchange at 18:00 (UTC+8) on March 15, 2022, investors who are interested in Chain investment can easily buy and sell XCN token on LBank Exchange right now. The listing of XCN on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.

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About LBank Exchange

LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users from now more than 210 regions around the world.

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Contact Details:
LBK Blockchain Co. Limited
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