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- What? You can now deposit XCN on Okcoin.
- Who? All Okcoin customers except for residents of the EU, the UK, Singapore, and Brunei.
- When? Deposits are live as of July 19. Withdrawals and trading will be live soon.
What’s Chain (XCN)?
The Chain Protocol is a cloud blockchain infrastructure designed to help organizations build better financial services from the ground up. 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 Token (XCN) is the governance and utility token for the Chain Protocol. It was designed to allow token holders to vote on protocol improvements and community-driven initiatives. The Chain Token is also used to cover fees in decentralized applications (DApps) such as Sequence, a “ledger-as-a-service” app built to allow organizations to manage their financial assets as tokens on private ledgers.
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.