Chain (Wormhole), represented by the ticker XCN, is a digital asset operating on the Onyx XCN Ledger Blockchain as well as an ERC-20 token used for staking and governance. It forms part of the Onyx infrastructure, which is designed to create a multi-asset, scalable, and cryptographically secure ledger system. This technology aims to enhance financial ecosystems by fostering a more efficient and interconnected digital economy, with a strong focus on security, scalability, and user experience.
Understanding XCN Price and Market Data
The XCN/USDT trading pair is actively traded on Pancakeswap V3 on the Binance Smart Chain (BSC). At the time of writing, the current price of XCN stands at $0.0141. Over the past 24 hours, the price has experienced a decrease of 4.05%. The trading volume for the same period is reported at $74,579.04, spread across 329 individual transactions.
Key market statistics include a 24-hour high of $0.01472 and a low of $0.0141. The Fully Diluted Valuation (FDV) for XCN is approximately $7.06 million, supported by a liquidity pool of $1.44 million. This specific liquidity pool was created just six days ago and remains active with recent transactions.
Liquidity and Pool Composition
The XCN/USDT pool contract address is 0xf8b5df35f6ef1f9ab70d1d76b32d254983af55e3. The total liquidity locked in this pool is $1,441,785.14. This liquidity is composed of two assets: 51.07 million XCN tokens (valued at approximately $721,993.45) and 719.72 thousand USDT (valued at around $719,879.58). This balance provides a stable environment for traders to execute swaps with minimal price slippage.
The trading fee for the XCN/USDT pair on Pancakeswap V3 is set at a very competitive 0.01%, making it a cost-effective option for traders. Based on the current exchange rate, one USDT can be exchanged for roughly 70.93 XCN tokens.
Token Distribution and Major Holders
The XCN token currently has a distributed ownership base of approximately 9,449 holders. The largest single holder of XCN tokens is the contract address 0x92950146eb8163d065bd38185290017afa2e194c. This wallet holds a substantial 214.9 million XCN tokens, which have a current market value of just over $3 million. The distribution of tokens among a large number of holders generally indicates a healthy and decentralized network.
Security and Contract Information
The smart contract for the XCN/USDT pool on Pancakeswap V3 has been verified, which adds a layer of transparency and security for users. It has been assigned a GT Score of 63.06. While the analysis indicates that there is no sign of a honeypot scam, it is important to note that a proxy was identified within the contract structure. As with any decentralized finance (DeFi) activity, users should always conduct their own due diligence before engaging with smart contracts.
Where to Trade XCN/USDT
The XCN/USDT trading pair is primarily available on Pancakeswap V3 on the BSC network. For traders seeking alternative platforms, this asset is also accessible through other decentralized exchange aggregators and services such as Maestro Bot, KyberSwap, and MEXC DEX+. To explore real-time trading tools and advanced charting features for this asset, you can view the latest analytics and liquidity data.
Frequently Asked Questions
What is the Chain (Wormhole) XCN token?
XCN is the native token of the Onyx XCN Ledger Blockchain and also exists as an ERC-20 token. It is used within the Onyx ecosystem for purposes like staking and participating in network governance, which is focused on building a secure and scalable financial infrastructure.
How do I buy XCN tokens?
You can acquire XCN tokens by swapping other cryptocurrencies for them on decentralized exchanges. The most active market is the XCN/USDT pair on Pancakeswap V3 (BSC). You will need a Web3 wallet like MetaMask connected to the BSC network and some BNB to pay for transaction gas fees.
What does a 0.01% fee mean on Pancakeswap V3?
Pancakeswap V3 employs a tiered fee structure for its liquidity pools. A 0.01% fee is the lowest tier available, meaning that for every trade executed in the XCN/USDT pool, a fee of 0.01% of the trade value is taken and distributed to the liquidity providers as a reward for their contribution.
Is the XCN/USDT pool safe to use?
The pool's contract has been verified and shows no immediate signs of being a honeypot. However, the presence of a proxy contract requires careful attention. It is always crucial to only interact with contracts you trust and to understand that all DeFi activities carry inherent smart contract risks.
What is the total supply and FDV of XCN?
The article mentions a Fully Diluted Valuation (FDV) of $7.06 million. The FDV is calculated by multiplying the current price by the total maximum supply of the token. The exact circulating and total supply figures for XCN should be verified on its official community channels or a block explorer.
Why is liquidity important for trading?
A liquidity pool with a high total value locked (TVL), like the $1.44 million for XCN/USDT, allows for larger trades to be executed with less impact on the token's price (less slippage). This makes for a more efficient and trader-friendly market. For those looking to dive deeper, you can get advanced methods for analyzing liquidity pools.