Layer 1 public chain Xion officially goes onlineMainnet

ChainCatcher news, according to The Block, the Layer 1 public chain Xion, which focuses on chain abstraction, has officially launched the Mainnet and introduced the innovative 'Double or Nothing' TokenAirdrop mechanism. The project completed a $25 million Series A financing in April this year and previously received $11 million in investment from institutions such as Circle Ventures, Animoca Brands, and Multicoin. Xion is developed based on Cosmos SDK, pioneering the use of USDC as the main trading currency, with a total issuance of 200 million XION Tokens planned. The first round of Airdrop is set at 10 million tokens.