INTERNET CITY, DUBAI, Dec. 21, 2021 – LBank Exchange, a global digital asset trading platform, will list Chain Token (CHN) on December 24, 2021. For all users of LBank Exchange, the CHN/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on December 24, 2021.
As a blockchain based technology company, Chain is on a mission to enable a smarter and more connected economy. Powered by its ledger-as-a-service platform named Sequence, Chain builds cryptographic ledgers that underpin breakthrough financial products and services. Its utility-based cryptocurrency CHN will be listed on LBank Exchange at 21:00 (UTC+8) on December 24, 2021, to further expand its global reach and help it achieve its vision.
Chain is a blockchain based technology company on a mission to enable a smarter and more connected economy. Powered by Sequence, its ledger-as-a-service platform, Chain builds cryptographic ledgers that underpin breakthrough financial products and services.
Founded in 2014, Chain has raised over $40 million in funding from Kholsla Ventures, RRE Ventures, and strategic partners including Capital One, Citigroup, Fiserv, Nasdaq, Orange, and Visa.
What Is Sequence
Sequence is a ledger-as-a-service for managing balances. It combines the power of a token-based data model with the convenience of the cloud, making it easy to build, operate, and scale forward-thinking products. Sequence can securely track any type of value, letting software teams focus on shipping and scaling their products instead of building and maintaining ledger infrastructure.
Sequence is used as a system of record by a diverse set of companies including mobile wallets, crypto asset exchanges, lending platforms, sharing economy apps, payment services, funding sites, asset managers, and many more. Any application that needs to record transactions and calculate balances can benefit from using Sequence.
About CHN Token
Chain Token (CHN) is utility-based cryptocurrency which is used for discounts, premium access, and to pay for commercial fees on Sequence. It’s also used for on-chain governance for various community driven programs.
The total supply of CHN is 100 million (i.e.100,000,000), 50% of it is distributed to Sequence clients retroactively and currently, for free, as part of its distribution program, 30% sits on the corporate treasury balance sheet, which is half unlocked and the remaining half will unlock over 60 months through audited time-lock smart contracts, 10% is allocated to the team, and the rest 10% is for reserves, which is held under decentralized treasury and used for various community voted programs through on-chain governance.
The CHN token will be listed on LBank Exchange at 21:00 (UTC+8) on December 24, 2021, investors who are interested in Chain investment can easily buy and sell its token on LBank Exchange by then. The listing of CHN on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
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About LBank Exchange
LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users from now more than 210 regions around the world.
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