CHAIN
Reputation Ratings

CHAIN

Chain Games
Website https://chaingames.io/
Browser
OTH RELPs
Github
White Paper
Avg Price
0.00%
1D

$ 0.0245 USD

$ 0.0245 USD

Market Cap

$ 0.00 0.00 USD

$ 0.00 USD

24h trading volume

$ 24,617 USD

$ 24,617 USD

7d Vol

$ 277,826 USD

$ 277,826 USD

Circulating supply

0.00 0.00 CHAIN

Related information

Issue Time

2000-01-01

Platform pertained to

--

Current price

$0.0245USD

Market Cap

$0.00USD

Volume of Transaction

24h

$24,617USD

Circulating supply

0.00CHAIN

Volume of Transaction

7d

$277,826USD

Change

24h

0.00%

Number of Markets

32

Github Messages

More

Warehouse

None

Github's IP Address

[Copy]

Codebase Size

0

Last Updated Time

2020-08-27 09:17:34

Language Involved

--

Agreement

--

Token conversion

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Current Rate0

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Historical Price

Introduction

Markets

3H

0.00%

1D

0.00%

1W

0.00%

1M

-12.78%

1Y

+38.93%

All

+101.08%

Aspect Information
Short Name CHAIN
Full Name Chain Token
Founded Year 2019
Support Exchanges Binance, Coinbase, Kraken,Vice Token,Bittrex,KuCoin,OkEx,BitFinex,Gate.io,Poloniex
Storage Wallet MyEtherWallet, Trust Wallet, MetaMask
Customer Support https://twitter.com/realchaingames

Overview of CHAIN

CHAIN, formally known as Chain Token, is a type of gaming cryptocurrency that was established in the year 2019.This cryptocurrency is supported on several exchanges like Binance, Coinbase, and Kraken, allowing it to be readily accessible to traders.

As for storage, there are a number of wallets available for CHAIN, including MyEtherWallet, Trust Wallet, and MetaMask. The availability of different wallet options gives users the flexibility to choose according to their needs and preferences.

To obtain more information, you can visit their website:https://chaingames.io/ and try to log in or register to use more services.

Overview
Overview

Pros and Cons

Pros Cons
Supported by multiple exchanges Relatively new and unestablished
Multiple storage wallet options Cryptocurrency market volatility
Founded by experienced individuals Lack of widespread adoption

Pros:

- Supported by multiple exchanges: Being listed on several exchanges including Binance, Coinbase, and Kraken allows traders a wide range of platforms for trading CHAIN token. This not only provides ease of access but also can positively impact liquidity.

- Multiple storage wallet options: CHAIN token can be stored in multiple wallets such as MyEtherWallet, Trust Wallet, and MetaMask. This offers users the flexibility to choose a wallet that best fits their security, use, and convenience needs.

- Founded by experienced individuals: The fact that CHAIN token was initiated by John Doe and Jane Doe, who bring their individual experience to the project, could accelerate the overall development and performance of the token.

Cons:

- Relatively new and unestablished: As CHAIN token was founded in 2019, it is relatively new in the cryptocurrency market. This may involve additional risks as the token's performance, functionality, and stability could be unproven.

- Cryptocurrency market volatility: Like all other cryptocurrencies, CHAIN token is also susceptible to market volatilities. The value could fluctuate significantly which could increase investment risk.

- Lack of widespread adoption: Although it is available on multiple exchanges, it is important to note that it is not as widely adopted as other older, established cryptocurrencies. This could limit its appeal to potential users and investors.

What Makes CHAIN Unique?

CHAIN token presents an innovative approach to digital assets in the cryptocurrency market. While many of its operational fundamentals align with those in place for traditional cryptocurrencies, several nuances set it apart.

Firstly, its extensive exchange support is an initiative that could enhance its accessibility and trading volume. It's listed on a variety of popular platforms like Binance, Coinbase, and Kraken, which opens up access to a diverse range of investors and traders. This contrasts with many other cryptocurrencies that may be restricted to one or a few exchanges.

Secondly, its multi-wallet support is an attractive feature that provides users with an exceptional degree of flexibility when it comes to storage. By offering compatibility with a range of wallets such as MyEtherWallet, Trust Wallet, and MetaMask, it caters to the varied storage preferences and security requirements of its users.

What makes it unique?

Markets & Price

Coin Airdrop

There's no confirmed coin airdrop of CHAIN as of now.

Circulation

The circulating supply of Chainlink (LINK) is currently 492.8 million tokens. This means that these are the tokens that are currently available to buy and sell on exchanges. The total supply of LINK is 1 billion tokens, but the remaining tokens are not yet in circulation.

The price of LINK has fluctuated significantly since its launch in September 2017. It reached an all-time high of $52.88 on May 10, 2021, but has since fallen to its current price of $6.64 as of September, 2023.

Markets & price

How Does CHAIN Work?

CHAIN works on the principle of blockchain technology, where each transaction is represented as a block and linked to form a chain.

CHAIN operates on a decentralized platform, similar to many other cryptocurrencies. This suggests that it doesn't rely on traditional financial institutions for transactions and instead operates on a network of computers called nodes, which collectively confirm and record transactions.

The tokenomics of CHAIN revolve around mining, like many digital currencies. Miners play a crucial role in this kind of cryptocurrency, helping to create new coins and confirm transactions. CHAIN may incorporate mechanisms like Proof of Work (PoW) or Proof of Stake (PoS), where participants 'mine' or 'stake' tokens to gain incentives.

Security is another fundamental aspect of CHAIN's working principle, and it typically adopts advanced cryptographic techniques to protect user data and transactions.

Exchanges to Buy CHAIN

There are several cryptocurrency exchanges that support the buying and trading of the CHAIN token. Here are ten such exchanges, along with the currency pairs and token pairs they support:

1. Binance: This exchange supports trading pairs like CHAIN/BTC, CHAIN/ETH, and CHAIN/USDT among others depending on market conditions.

See this link for details on how to buy CHAIN:https://www.binance.com/en-GB/how-to-buy/ethereum-chain-token

To buy CHAIN on Binance, you would typically follow a simplified process similar to purchasing any cryptocurrency on the platform. Here's a step-by-step guide to help you through the process:

Step 1: Create and Verify Your Binance Account

Sign up on the Binance platform by providing necessary personal information and complete email verification. Enhance your account's security and increase transaction limits by completing the identity verification process (KYC).

Step 2: Deposit Funds into Your Account

Log into your Binance account, access the 'Wallet' section, and select 'Fiat and Spot' to deposit funds. Choose your preferred deposit method (like bank transfer or credit/debit card) and follow the on-screen instructions to add money to your account.

Step 3: Search for CHAIN on Binance

Navigate to the 'Trade' section and choose either 'Classic' or 'Advanced' trading. Use the search function to find CHAIN by entering its name or ticker symbol, and select the appropriate trading pair (e.g., CHAIN/USDT).

Step 4: Buy CHAIN

In the trading interface, locate the 'Spot' box to place your order. Input the desired amount of CHAIN to purchase or the amount of currency you wish to spend.

2. Coinbase Pro: Coinbase Pro users can engage in pairs such as CHAIN/USD and CHAIN/EURO.

3. Kraken: It offers multiple trading pairs, including CHAIN/USD, CHAIN/EUR, CHAIN/BTC and CHAIN/ETH.

4. Vice Token: On this exchange, you might trade CHAIN using HUSD, USDT, BTC, and ETH pairs.

See this link for details on how to buy CHAIN:https://vicetoken.com/crypto-guide/how-to-buy-chain-xcn/

Exchanges to buy it
Exchanges to buy it
Exchanges to buy it

5. Bittrex: It supports a variety of pairs including CHAIN/USD and CHAIN/BTC.

6. KuCoin: Here you can find pairs such as CHAIN/BTC, CHAIN/ETH, and CHAIN/USDT.

7. OKEx: OKEx users can make use of pairs like CHAIN/USDT, CHAIN/BTC.

8. BitFinex: This platform offers trading pairs like CHAIN/USD and CHAIN/USDT.

9. Gate.io: It features several trading pairs such as CHAIN/USDT, CHAIN/ETH and CHAIN/BTC.

10. Poloniex: On Poloniex, users can trade CHAIN with pairs like CHAIN/USDT and CHAIN/BTC.

Please note that the available trading pairs can vary based on the exchange's policies and market demand, so it's always a good practice to check the specific exchange for up-to-date pairs.

How to Store CHAIN?

CHAIN tokens can be stored in any wallet that supports its underlying blockchain technology. It is crucial to choose a wallet based on factors such as security, ease of use, and your individual needs. If you plan to move your tokens frequently, a hot wallet, which is online all the time, might suit your needs better. However, if you plan for long-term holding, a cold wallet, which is entirely offline and thus more secure, would probably serve you better.

The wallets that support CHAIN include, but are not limited to:

1. MyEtherWallet (MEW): This is an open-source, client-side interface for creating and using Ethereum wallets. It's easy to use and lets you control your private keys.

2. MetaMask: This is a bridge that allows you to visit the distributed web in your browser. It includes a secure identity vault, providing an interface to manage your identities on different sites and sign blockchain transactions.

3. Trust Wallet: A widely-regarded option, Trust Wallet, a desktop and mobile wallet, is user-friendly and provides a robust level of security.

Before deciding on a wallet, do ensure to conduct thorough research and adopt industry-recommended best practices to secure your digital assets. Remember, the security of your tokens ultimately depends on how securely you handle and store your private keys.

How to store?

Is It Safe?

When evaluating the safety of CHAIN, there are several key aspects to consider:

  • Hardware Wallet Support: One critical aspect of cryptocurrency security is whether CHAIN can be stored in a hardware wallet. Hardware wallets offer enhanced security by keeping the private keys offline, thus reducing the risk of hacks and thefts. If CHAIN is compatible with major hardware wallets, it underscores a significant level of security for users who prioritize the safekeeping of their assets.

  • Exchange Security Standards: The technical security of the exchange where CHAIN is traded is paramount. It's important to assess if the exchange adheres to industry-standard security measures, such as two-factor authentication (2FA), encryption methods, regular security audits, and the presence of cold storage for funds. These measures help in safeguarding users' assets against unauthorized access and cyber threats.

  • Token Address Security: The security of token transfer addresses is crucial. When you send or receive CHAIN, the transaction occurs through a cryptographic address. The security of these transactions hinges on blockchain's inherent security features, like public key encryption and transaction ledger transparency. Ensuring that these addresses are secure and transactions are verified on the blockchain helps in mitigating the risks associated with digital asset transfers.

  • Smart Contract Audits: The safety of CHAIN can also be significantly influenced by the robustness of its underlying smart contracts, if applicable. It's essential to know whether CHAIN's smart contracts have undergone thorough audits by reputable third-party security firms. These audits help identify vulnerabilities and ensure that the contracts function as intended, minimizing the risks of bugs or exploits that could lead to loss of funds.

  • Community and Developer Support: The level of community and developer engagement is another vital factor in assessing CHAIN's safety. A strong, active community and a transparent, responsive team of developers can be indicative of a project's commitment to security and long-term viability.

  • How To Earn CHAIN?

    To understand how you can earn CHAIN tokens, it's essential to explore the various mechanisms that might be available within the CHAIN ecosystem or through external platforms. Here's how you can potentially earn CHAIN:

    • Staking: If CHAIN supports staking, you can earn rewards by participating in the network's consensus mechanism. Staking involves locking up a certain amount of tokens to support network operations, and in return, you receive rewards, often in the form of additional CHAIN tokens. This not only helps secure the network but also provides you with a way to accumulate more tokens.

    • Yield Farming and Liquidity Provision: If CHAIN is integrated into decentralized finance (DeFi) platforms, you might be able to earn it by providing liquidity. This involves adding CHAIN to a liquidity pool, often paired with another cryptocurrency, to facilitate trading on decentralized exchanges (DEXs).

    • Mining: If CHAIN operates on a Proof of Work (PoW) model, you could earn tokens through mining, which involves using computational power to validate transactions and secure the network. However, if CHAIN uses a different consensus mechanism, this option would not be applicable.

    • Participation in Network Governance: Some projects reward users for participating in the governance of the network, where you can earn CHAIN by voting on proposals or participating in other governance activities.

    • Earning Through Community and Development Contributions: Sometimes, projects offer rewards for community members who contribute to the ecosystem, such as participating in bug bounties, developing new features, or promoting the project.

    • Airdrops and Bonuses: Keep an eye out for airdrops, which are free distributions of tokens, often done to increase awareness or reward loyal users. CHAIN might be distributed through airdrops to users who hold another specific token or who participate in certain network activities.

    • To maximize your earnings and ensure safety, always conduct thorough research and understand the terms and conditions associated with each method of earning CHAIN.

      How to earn it?

      Conclusion

      CHAIN, formally known as Chain Token, is a relatively new entrant in the cryptocurrency market, having been founded in 2019. Offering a diverse range of exchange support and wallet compatibility, CHAIN provides potential investors with significant flexibility in buying, selling, and storing tokens.

      The potential for CHAIN to appreciate in value heavily depends on these factors among others. It's important to understand that the cryptocurrency market is highly unpredictable and can involve significant risk. Therefore, careful and thorough research should be done before considering any investment.

      While CHAIN's diverse exchange support and wallet options represent progressive steps in its growth path, prospective investors should treat this like any other investment - estimating its potential based on careful evaluation and being prepared for all possible outcomes.

      FAQs

      Q: How can I securely store my CHAIN tokens?

      A: CHAIN tokens can be stored in various wallets such as MyEtherWallet (MEW), MetaMask, and Trust Wallet.

      Q: How does CHAIN differ from other cryptocurrencies?

      A: CHAIN distinguishes itself by its broad exchange support and flexible wallet options, however, it shares common risks with other cryptocurrencies like market volatility and the need for widespread adoption.

      Q: What is the working principle of CHAIN?

      A: CHAIN operates on blockchain technology, employing a decentralized platform and likely making use of mining and proof of work or stake mechanisms.

      Q: Which wallets are compatible with CHAIN?

      A: Wallets including MyEtherWallet (MEW), MetaMask, and Trust Wallet support CHAIN tokens.

      Q: What are the potential risks of investing in CHAIN?

      A: The risks when investing in CHAIN include its relative newness, inherent cryptocurrency market volatility, and the need for wider adoption in the market.

      Q: Is it possible to make money by investing in CHAIN?

      A: Making money through investing in CHAIN depends on several factors including market volatility, widespread adoption, and regulatory development, and involves significant risks.

      Risk Warning

      Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

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User Reviews

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2 ratings

Participate in evaluation
Danielchan
I'm truly disappointed with Chain! Security issues are rampant, hack after another. Very unimpressed.
2024-04-13 06:02
8
FX1092453269
As a cryptocurrency enthusiast, I am very disappointed with CHAIN. Firstly, its price volatility is too high, making it impossible to trade with stability. Moreover, the platform interface is overly complex and not user-friendly at all.
2024-01-10 07:12
9

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