By integrating the industry-leading decentralized oracle network, Chain has access to high-quality, tamper-proof price feeds needed to calculate the USD value of staking rewards earned in XCN — the native cryptocurrency and governance token for the Chain protocol. Ultimately, this integration helps keep users informed about the value of their assets in USD as they accumulate XCN staking rewards.
XCN’s decentralized bridge will enable users to seamlessly transfer XCN from Ethereum to other supported blockchains. The Wormhole Network powers XCN Bridge and will give users access to a trustless method to move their XCN to other blockchain networks such as the BNB chain.
Mike Herron will serve as the inaugural Chief Marketing Officer for the company. Herron’s hire and creation of the Chief Marketing Officer position are fueled by strong goals for the company’s flagship products, such as its private ledger-as-a-service product, Sequence, and the growing product line currently in development.
The Chain DAO has launched the Chain Protocols native staking and governance modules powered by the Chain XCN token. The initial proposals to set rewards and make the entire protocol fully decentralized have successfully passed and the DAO is now fully in the hands of XCN holders.