Chives Coin priceXCC
For more details on listing tiers, refer to Listings Review Criteria Section B - (3).
- Total supply
- 131.92M XCC
- Self-reported circulating supply
- 1.12B XCC
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About Chives Coin
What Is Chives (XCC)?
Chives is a proof-of-space-and-time (PoST) blockchain platform that says its goal is to be a green alternative to PoW cryptocurrency. While most PoW blockchains are secured by energy intensive mining processes, Chives uses a much greener process than your average PoW algorithm.
Chives was released on June 30th, 2021 and the binary file for mining was released on July 5th, 2021. Chives is a branch of CHIA XCH. The farmers on Chives XCC, can use free hard disk space to mine 90% of chives openly, fairly and transparently.
While Chives XCC is a layer 1 blockchain, it is also already building a second-layer network. The second-layer network will be backed up by Master Nodes, similar to networks like DASH. The Master Nodes (also known as the full nodes), will not participate in mining activities, but will have the function of allowing instant transactions, decentralized management and budget decision-making. Master Nodes are scheduled to be released on the network in the next 12 months.
The remaining 10% of the block reward is used to build a healthy and complete Chives community environment. The allocation of the 10% fund will be decided by the Master Nodes, which will vote to fund projects that positively contribute to the Chives network as a whole.
The team behind the Chives XCC blockchain are already issuing some compelling use cases for its technology, like the launch of NFT gaming projects.
July 2021 already saw the launch of its blockchain explorer which followed the launch of its proprietary wallet.
To learn more about Chives XCC, read on to find out who the Founders are, network security, tokenomics and future projects.