ChainX (PCX) is a native utility token of the ChainX network. It was launched in 2017.
ChainX focuses on creating a bridge between different blockchains, enabling users to interact with assets and data across multiple blockchain ecosystems.
ChainX is designed to support multiple blockchain networks, allowing users to transfer and interact with assets from different blockchains. It employs a Proof-of-Stake (PoS) consensus mechanism, where PCX token holders can participate in staking to help secure the network and earn rewards.
PCX Token (PCX)
PCX tokens are used for staking and participating in the ChainX PoS consensus mechanism. Stakers can earn rewards for securing the network.
PCX tokens can be used to pay transaction fees when conducting activities on the ChainX network, such as transferring assets.
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Source: https://coinidol.com/chainx-pcx-token/