9CP (IXCP)

Innovative Cross-Chain Protocol Token

Introduction

9CP is the asset which powers the XChains ecosystem and provides the economic incentives required to secure and grow the protocol. 9CP has four key roles which are described below.

• Standardization: 9CP can standardize the transfer process, making it easier to handle different tokens and chains.

• Liquidity Management: It helps manage liquidity better by providing a common token that can be easily exchanged across chains.

• Security: By using a well-established mediate token - 9CP, we can leverage its security features and reduce the complexity of handling multiple tokens directly.

• Simplified Swap Logic: 9CP simplifies the logic for token swaps, as we only need to handle swaps between the native token and 9CP on each chain.

Providing Liquidity Incentives

Since 9CP is the pooled asset, incentives can be paid directly into each pool. This extra capital is owned by the liquidity providers, and over time, slowly "purchases" the paired asset via arbitrage. Thus, 9CP liquidity incentives can drive real yield to LPs.

Solving O(n^2) Problem

Without a native settlement currency, each asset would need to be pooled with every other asset, which would eventually result in hundreds of new pools to be created for just one new asset, diluting liquidity. Having 9CP as the base pair allows any asset to be guaranteed to swap between any other asset.