1. What is PCX?

Introduction to PCX Cryptocurrency

PCX is the mainnet token of ChainX, and here are its key features:

• Supply: The total supply is 21 million, fully mined from 0, without public or private fundraising, and no pre-mining.
• Halving Rule: The supply is halved every two years, with an initial output of 14,400 PCX per day, resulting in 10.5 million issued in the first two years.
• Circulating Supply: The current circulating supply is 12.5053 million PCX.

The design of ChainX aims to issue and manage tokens in a decentralized manner, ensuring fairness and transparency.

2. Who founded PCX?

The founders of ChainX (PCX) cryptocurrency are Yue Lipeng and Guo Guanghua. Yue Lipeng is an organiser in the Polkadot community in China, while Guo Guanghua is a developer engaged in blockchain public chain technology. They founded the ChainX project in 2016.

3. Which venture capitalists have invested in PCX?

PCX (Polkadot Coin) is the native token of the Polkadot network. Polkadot is a decentralized platform that allows interoperability between different blockchains. Here are some well-known venture capital firms that have invested in Polkadot or PCX:

1. Polychain Capital: Polychain Capital is a venture capital firm focused on blockchain and cryptocurrency investments. They are early investors in Polkadot.

2. Fabric Ventures: Fabric Ventures is a European venture capital firm that focuses on investments in the blockchain and cryptocurrency space. They have also invested in Polkadot.

3. IOSG Ventures: IOSG Ventures is a venture capital firm that specializes in blockchain and cryptocurrency investments. They have invested in Polkadot.

4. KR1: KR1 is a UK-based venture capital firm that focuses on investments in blockchain and cryptocurrency. They are early investors in Polkadot.

5. Placeholder: Placeholder is a US-based venture capital firm focused on investments in blockchain and cryptocurrency. They have also invested in Polkadot.

This information may change over time, and investors may adjust their portfolios. Therefore, it is advisable to conduct the latest research and consult before making any investment decisions.

4. How does PCX work?

PCX (ChainX) is a cryptocurrency designed to enhance asset interoperability between different blockchains. Here are the key points of its operation:

1. Cross-chain Bridge: ChainX utilizes cross-chain bridge technology, allowing users to transfer Bitcoin (BTC) and other cryptocurrencies to the ChainX network, facilitating asset transfers between different blockchains.

2. Governance, Staking, and Payments: The PCX token has three main functions: governance, staking, and payments. Users holding PCX tokens can participate in the decision-making process of the network, secure the network through staking for rewards, and use PCX tokens to cover all transactions on the protocol.

3. Custodial and Non-Custodial Modes: ChainX offers two modes: custodial and non-custodial. The custodial mode uses multi-signature and threshold signature schemes to ensure asset security, while the non-custodial mode leverages the Lightning Network (X-Lighting) for fast on-chain payments and smart contract execution.

4. Smart Contract Support: ChainX supports the deployment of smart contracts using Web Assembly and EVM, providing a high-quality development environment that supports popular programming languages and Ethereum's Web 3.0 protocol.

5. Polkadot Integration: ChainX plans to operate as a parachain on the Polkadot network, which will further enhance its interoperability and scalability.

In summary, ChainX (PCX) aims to become a scalable, secure, and interoperable cryptocurrency platform through its cross-chain bridge, governance, staking, and payment functions, as well as support for smart contracts.