Chainx
Pcx - 21 mil minable tokensWhat is PCX?
As big as the DeFi market has become, there has always been one major hurdle - that of Bitcoin. Bitcoin has the biggest market cap by far in the cryptocurrency industry, leaving a lot of potential on the table. What if it were possible to bring the recognition and community of Bitcoin to the DeFi world?
This is one of the main goals ChainX has set out to do. By researching and developing new technologies, it is aiming to realize cross-chain asset exchange and achieve Bitcoin Cross-DeFi.
What Is ChainX?
ChainX network, built on Substrate, is a cross-level inter-chain interoperable asset gateway, consisting of PCX, DEX, inter-chain and relay modules, Bitcoin Layer 2 financial platform and Polkadot second-layer relay chain. ChainX has the distinction of being the earliest launched project in the Polkadot ecosystem, too.
It is an inter-chain platform that crosses mainstream cryptocurrencies onto chains with different structures. Being built on Substrate, a framework for building upgradable and efficient blockchains, the chain is easily integrated into the Polkadot network at genesis.
The project is committed to the research and application of Bitcoin layer 2 expansion, digital asset gateway and Polkadot second-layer relay chain. Each of these systems allow ChainX to achieve its overarching goal.
The Bitcoin layer-2 expansion will allow it to promote Bitcoin’s value flow, enrich financial derivative opportunities and improve hedging tools. It is worth noting here that ChainX’s primary mission is to bring BTC into the Polkadot ecosystem and be the largest BTC layer2 financial platform.
The digital asset gateway enables the project to act as a decentralized Bitcoin trusteeship and provide inter-chain asset mirroring, allowing a wide range of cryptocurrencies that can be exchanged and traded on the same chain.
In the future, ChainX may evolve into a second-layer relay chain to the Polkadot ecosystem.
#Good moment to get in
Bidding for PCXI am working here on my perspective that best Alts to buy in a major dip (or bear market) I see are Alts that provides returns on staking or launchpads. Because eventually the more you HODL the higher the reward. And it becomes more affordable to accumulate them cheap for higher rewards.
Here comes PCX with 80% rewards and 76% staked already, and a low market cap.
Bid is placed at a major support that has been tested successfully several times.
