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Summary Box (Quick Facts)
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Ticker Symbol: XCCX
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Chain: Polygon
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Contract Address: 0x2075828cdedc356b5358d79cfd314548842e4a2e
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Circulating Supply: Data varies across sources, reported as low as 0 and as high as 15.208 million.
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Total Supply: Reported figures range from 600,000 to 49 million.
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Primary Use Case: A decentralized, secure, on-chain transaction protocol.
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Current Market Cap: Varies with supply data, but is generally in the micro-cap range.
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Availability on Phemex: No (As of Writing)
What Is BlockChainCoinX?
BlockChainCoinX (XCCX) is a cryptocurrency designed to be a free, open-source, and permissionless digital currency. Its primary goal is to provide a secure and decentralized on-chain transaction protocol, a distributed ledger, and a consensus mechanism. What makes BlockChainCoinX explained simply is its focus on community participation and a unique "Proof of Activity" model that encourages users to actively engage with the network.
How Many XCCX Are There?
The token supply details for BlockChainCoinX (XCCX) are not consistent across various data providers. While some sources state a maximum supply of 49 million XCCX, others report different numbers. Similarly, the circulating supply figures vary significantly. This makes it difficult to determine whether the coin is inflationary or deflationary. The project's website mentions a dynamic block subsidy generated through user management of Unspent Outputs, which suggests a unique emission schedule.
What Does XCCX Do?
The primary use case for BlockChainCoinX is to function as a secure, decentralized transaction protocol. It is built to support a distributed ledger, with a focus on community-driven security. The "Proof of Activity" model is a key feature, where users are incentivized to participate in network security and transaction validation. This is designed to create a more engaged user base and a more robust network.
XCCX vs. Bitcoin
| Feature | BlockChainCoinX (XCCX) | Bitcoin (BTC) |
| Consensus Mechanism | Hybrid Scrypt/Proof of Work, with a "Proof of Activity" model. | Proof of Work (SHA-256 algorithm). |
| Primary Use Case | Secure, decentralized on-chain transactions with community-driven security. | A store of value and a decentralized digital currency ("digital gold"). |
| Technology Focus | Incentivizes active user participation through its "Proof of Activity" system. | Focuses on ultimate network security and immutability. |
| Speed and Fees | As a smaller network, it may offer faster and cheaper transactions. | Slower transaction speeds and higher fees during peak network congestion. |
| Decentralization | Community-driven, but the network is significantly smaller and less established. | The largest and most decentralized cryptocurrency network. |
| Security | Security relies on its unique hybrid model and an active, engaged user base. | Secured by an immense amount of computing power (hashrate). |
The Technology Behind XCCX
BlockChainCoinX is built on a Hybrid Scrypt/Proof of Work consensus mechanism. This is combined with a "Proof of Activity" system that encourages users to manage their Unspent Outputs to generate a dynamic block subsidy. This unique approach is intended to increase network security and efficiency by rewarding active participation.
Team & Origins
The founders and developers of BlockChainCoinX are not publicly disclosed. The project appears to be community-driven, with development and support from a decentralized group of participants. While there is a GitHub repository for the project, specific individuals or a formal company are not named.
Key News & Events
There have been no major SEC lawsuits, forks, or other legal events related to BlockChainCoinX. The primary news about XCCX revolves around its availability for trading on several decentralized exchanges, including Uniswap V3 (Base), Quickswap (v3), and Uniswap V2 (Base).
Is XCCX a Good Investment?
This is not financial advice.
The investment potential of BlockChainCoinX is tied to several factors. Its community-driven approach and unique "Proof of Activity" model may appeal to those who value decentralization and active participation. However, the lack of a clear roadmap, inconsistent data on tokenomics, and an anonymous team present significant risks. As with any micro-cap cryptocurrency, the XCCX price is subject to high volatility. A thorough risk assessment is crucial before considering an investment.
Community Perspectives
Discussions on platforms like Reddit and Telegram indicate a small but dedicated community. The focus is on the project's open-source nature and the potential of its "Proof of Activity" model. However, concerns about the lack of a formal team and roadmap are also present.
How to Buy XCCX on Phemex?
Currently, BlockChainCoinX (XCCX) is not listed on Phemex. To purchase XCCX, you would need to use a decentralized exchange where the token is listed. For those looking to trade a wide variety of other cryptocurrencies, you can explore the options available on Phemex.
FAQs
What is the main purpose of BlockChainCoinX?
BlockChainCoinX aims to be a secure, decentralized, and community-driven cryptocurrency for on-chain transactions.
What is "Proof of Activity"?
It is a mechanism that incentivizes users to actively participate in the network by managing their Unspent Outputs to generate rewards.
Where can I trade BlockChainCoinX?
You can trade XCCX on decentralized exchanges such as Uniswap V3 (Base) and Quickswap (v3).
Summary: Why It Matters
BlockChainCoinX represents an effort to create a truly community-driven cryptocurrency. Its unique "Proof of Activity" model and focus on decentralization make it an interesting project to watch. However, the lack of a formal team and clear tokenomics data are significant hurdles. For those interested in grassroots crypto projects, XCCX is a noteworthy experiment in decentralized governance and network security. To learn more about other innovative projects in the crypto space, visit the Phemex Academy for in-depth guides and analysis.
