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Bitfinex (https://www.bitfinex.com/), a state-of-the-art digital token trading platform, will list Chain (XCN), the governance and utility asset of the Chain Protocol, which aims to build cryptographic ledger systems to make financial services smarter, more secure and connected.
As an Ethereum-based blockchain infrastructure provider, Chain seeks to solve issues associated with legacy financial systems through the deployment of decentralized ledger technologies and cloud infrastructure.
Chain, whose customers have included Visa, Nasdaq, and Citigroup, has raised US$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-driven programs and protocol improvements, XCN enables users to utilize Chain’s network and products. Chain’s primary products include Sequence, a billing and revenue management system that allows companies to keep records of the sales of assets on the blockchain and RPC/API (Remote Procedure Call API), which allows builders to develop coding and products on existing blockchains such as Ethereum.
“We are delighted to welcome Chain and XCN to our thriving digital token ecosystem,” said Paolo Ardoino, CTO at Bitfinex. “We anticipate great interest in XCN among the exchange’s growing customer base.”
“We are thrilled to be working with Bitfinex, one of the leading digital asset exchanges in the world,” said Deepak Thapliyal, CEO at Chain. “The exchange’s users will now have an opportunity to utilize the Chain protocol and access our industry-leading ecosystem.”
Chain has a circulating supply of 21 billion XCN coins and a total supply of 53.5 billion.
For access to XCN on Bitfinex, users can visit https://www.bitfinex.com/.
