CCX Coin: How To Maximise Privacy in DeFi?

tl;drTransparency, decentralisation and public ownership are the cryptos keywords today. Any project moving toward these concepts can be considered crypto mainstream. CCX Coin comes from one of these platforms known as Conceal Network, which works independent of financial institutions, provides completely open-source codes and is driven by the community. This platform offers magical solutions that I can’t wait to share with you!
CCX Coin: How To Maximise Privacy in DeFi?
CCX Coin: How To Maximise Privacy in DeFi?
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Where Does CCX Coin Come From?

CCX Coin is the native token of Conceal Network, a decentralised blockchain platform allowing untraceable and anonymous messaging and a safe solution to transfer funds. Anonymity is achieved for the sender and receiver by providing a distributed public ledger, preventing hackers from tracing funds or messages sent across public networks.

CCX Coin Platform Unique Features

CCX Coin platform has various unique features; one of the most important ones is that you can access Conceal Network no matter where you are located. It also solves various Bitcoin problems, like technological, environmental impacts, reputation and security. In addition, Conceal Network provides the following features for its users.

  • Anonymous Banking: Conceal Network offers deposits as the backbone of its ecosystem, providing users with fair staking using Hash-Timelocked-Contracts to earn interest on locked deposits. The network offers a range of annual interest rates from 2.9% to 6%, depending on the period and amount of deposits locked.
  • Anonymous Payments: To ensure real anonymity in payments, Conceal Network uses ring signatures and one-time addresses to ensure real anonymity in payments.
  • Protected Proof of Work
  • Complete Fungibility
  • Encrypted Messages: Conceal Network strives to provide decentralised, anonymous, untraceable, and end-to-end encrypted messaging services on the blockchain while enabling self-destruct messages.
  • Unlinkable Transactions
  • Dynamic Adaptive Limits
  • Scalability: Upcoming scalability initiatives will use a modular sidechain to ensure scalability.
What Is CCX Coin Platform?
What Is CCX Coin Platform?

Who Owns The CCX Coin Platform?

Actually, nobody! CCX Coin comes from an open-source experimental platform, i.e., no company is behind it. Conceal Network has community support and no stable, full-time team and no physical headquarters back it. It may sound a little tricky as there is no warranty that the coins generated or accrued will be worth anything, so it requires your full attention and research. However, the good point is that decentralisation is achieved, and anyone can make changes or improve the blockchain. The changes do not apply anytime one person wills; the majority of the community must vote for any suggestion.

What Is CCX Coin?

CCX Coin is the native token of a decentralised platform, which came into being in April 2018 with an up-to-date roadmap. Today, on Jul 7, 2022, CCX Coin holds the market cap rank #1747, with a current price of $0.105809 and a 24-hour trading volume of $1,472.32. In the recent 24 hours, CCX price has been down -1.1%. Its circulating supply is 13 Million CCX coins with a total supply of 200 Million. Currently, STEX is one of the active exchanges to trade CCX Coins.

CCX Coin Financial Analysis

Financial records at Cryptologi.st indicate that CCX Coin has an annual ROI (Return on Investment) of -59%, meaning that your $100 investment in CCX Coins would result in losing $59, which cannot be considered a profitable investment. However, many projects have undergone difficult situations due to the bear market. We need to stay optimistic and see what projects can survive and what the next bull run may bring. Technically speaking, the CCX Coin Github account indicates that there have been 63 forks from this project, and it has 16 contributors. Today, the price of each CCX Coin revolves around $0.105809, which is 93.4% lower than its All-Time high of $1.59 on Oct 18, 2018, but 1391.9% higher than its All-Time low of $0.00708581 on Oct 15, 2018.

CCX Coin Specifications
CCX Coin Specifications

CCX Coin Emission

CCX Coin is emitted from two sources, i.e., PoW and Cold Staking. Let’s go through each one separately.

CCX Coin Proof of Work

Proof of Work (PoW) mining is used to create and verify a new block of trustless transactions on a decentralised ledger, aka blockchain. 100% of the block reward goes to miners who complete a calculation, and PoW mining creates new CCX Coins to reward the winners.

CCX Coin Cold Staking

Cold Staking or Banking Deposits is a passive income strategy in the CCX Coin platform, which is generated on a timed deposit and earned upon the deposit maturity.

CCX Coin Rewarding Details

Conceal Network fixes the block reward at 6 CCX Coins per block until hitting the 200 Million Max supply. Long before reaching this max supply, the compounding interest paid through Cold Staking/ Banking Deposits in the main chain will be terminated. Cold Staking/ Banking Deposits work as incentives to keep the circulation supply at a low level. The Conceal Network has introduced this emission plan plus the fixed Max supply to reward miners for over 100 years and extend deposits for 30 years. This internal financial system aims to achieve a fair distribution of CCX Coins.

Disclaimer: Don’t take this article as financial advice. You need to DYOR (Do Your Own Research) before investment.

CCX Coin Price Prediction

Price prediction is not a metric you can solely rely on when it comes to investing in cryptocurrencies. Rather, it helps you know what crypto experts think about the future price of a given coin. In the following sections, we’ll go through the CCX Coin price prediction for the coming years.

CCX Coin Price Prediction for 2022

CCX is predicted to hit a maximum price of $0.28 by the end of 2022. Experts believe that Conceal's price will grow in the coming months. Therefore, the average price of each CCX Coin is expected to revolve around $0.25 depending on the market.

CCX Coin Price Prediction for 2023

Crypto experts predict that CCX Coin will end the year 2023 with an average trading price of $0.38, with a maximum price of around $0.42.

CCX Coin Price Prediction for 2024

It can be expected that the average price of each CCX Coin may reach $0.56. If the market performs better, it is predicted that the maximum price of Conceal can hit $0.63 in 2024.

CCX Coin Price Prediction for 2025

CCX Coin’s average trading price can reach $0.94 by 2025, with an average price of $0.78.

CCX Coin: Conceal Network
CCX Coin: Conceal Network

CCX Coin Platform Roadmap

CCX Coin platform has an updated roadmap, which we’ll look at in the following.

CCX Coin Roadmap 2018

  • Initial Commit: April 2018
  • Mainnet Launch: May 2018
  • Encrypted Messaging and Deposits: June 2018
  • Website and Block Explorer: July 2018
  • CN Fast: October 2018
  • Exchange Listing and Investments: November 2018

CCX Coin Roadmap 2019

  • CN Conceal: February 2019
  • Conceal Cloud: March 2019
  • Conceal Labs: May 2019
  • Conceal Mobile: July 2019
  • Conceal Pay: August 2019
  • Conceal ID: December 2019

CCX Coin Roadmap 2020

  • Daemon and Wallet Improvements: January 2020
  • Wrapped CCX (wCCX): August 2020
  • wCCX on Uniswap and in Trustwallet: August 2020
  • Deposits on Cloud and Mobile: September 2020
  • CN GPU: October 2020
  • Cloud and Mobile Self-destructing Messages: Q4 2020

CCX Coin Roadmap 2021

  • Conceal Bridge: Q1 2021
  • Conceal Live: Q2 2021
  • Conceal App: Q4 2021

CCX Coin Roadmap 2022

  • Conceal App Deposits: Q1 2022
  • Conceal Web Wallet: Q2 2022
  • Conceal App - Version 3: Q2 2022
  • New Bridges: Q3 2022
  • Conceal App - Version 4: Q4 2022

CCX Coin Roadmap 2023 - 2028

  • Conceal App - Version 5: Q4 2023
  • Multi-Signature Wallets: 2023 - 2024
  • Coloured Coin: 2023 - 2024
  • Privacy-Protected Stable Coin: 2024 - 2025
  • Privacy Protected Assets: 2025 - 2026
  • Cancelling Deposits: 2026 - 2027
  • Stable Deposits: 2027 - 2028

And its plan for the years after 2028 includes creating Concealed Vault, Hardware Wallet Support, Distributed API Layer, and Conceal Card.

Should I Invest In CCX Coin?

CCX Coin platform Conceal Network has not been financially fruitful in the previous year, partly due to the falling market. This project is an open-source, decentralised ecosystem with a clear roadmap and practical innovations. The current performance shows that it can’t be considered a short-term investment, and we need to wait for the upcoming bull market to see some real changes. While in falling markets, we need to research various projects to handpick the ones that suit our financial situation and preferences. How can Cryptologi.st help with that? By providing detailed technical reviews of the crypto projects, offering a free Screener to help you analyse various projects and keep the best ones on your Watchlist to monitor their changes. Using these tools will help you survive the bear market with confidence!

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