In this article, “XCC” generally refers to the token symbol for Chives Coin (also known as “Jiu Cai Coin” in Chinese contexts). While different projects may share similar symbols, this article focuses exclusively on Chives Coin and should not be confused with other assets of the same name.
Project Mechanics: From Proof-of-Space-and-Time to the Green Mining Narrative
Chives Coin is described as a layer-1 blockchain project that employs the PoST (Proof-of-Space-and-Time) consensus mechanism.Its core selling point lies in utilizing idle hard drive capacity to participate in block generation, aiming to replace the high computational demands of traditional PoW mining with storage resources, thereby establishing a “green alternative to PoW” narrative.
- According to project documentation, Chives Coin was launched on June 30, 2021, and the mining binary was released on July 5, 2021.
- The project is described as a fork of Chia (XCH), allowing users to participate in mining by utilizing idle hard drive space.
- The block generation time is approximately 18.75 seconds, with a block reward of 200 XCC; the supply metrics indicate there is no fixed maximum supply.
- In the initial plan, approximately 90% of block rewards were allocated to mining, while the remaining 10% was earmarked for community development, with allocations determined by masternode voting.
- The project also planned a layer-2 network supported by masternodes for instant transactions, decentralized governance, and budget decisions, as well as applications such as NFT games.
Subsequent Developments: Official Website Taken Down and Declining Activity
According to project documentation, Chives Coin launched basic tools such as a blockchain explorer in 2021, but subsequent progress did not result in sustained, visible ecosystem expansion.As of May 2025, its official website, chivescoin.org, had gone offline; in a market snapshot from the end of September 2026, the project was listed with a market capitalization close to zero, ranked extremely low, and with no available 24-hour trading volume data.
The trading market for this token has all but dried up, with a lack of meaningful trading activity.
Why Market Data Is Insufficient for Assessment
The market snapshot from late September 2026 also revealed conflicting clues: on one hand, extremely low quoted prices and a market capitalization approaching zero; on the other, missing data on circulating supply and trading volume.If calculated simply based on circulating supply, these figures are difficult to reconcile and are more likely to reflect a lack of liquidity, unverified data, or differences in statistical methodologies. For assets that already lack valid trades, single-point quotes, historical price changes, or ranking fluctuations should not be treated as reliable market signals.
Risks to Watch
- With the official website and primary access points offline, it is difficult to continuously verify the project’s maintenance status and future roadmap.
- Market snapshots show a market capitalization approaching zero and missing trading data, indicating significant liquidity risk.
- There is no fixed maximum supply; the long-term issuance and dilution plans require more transparent data to support them.
- There is a lack of ongoing, verifiable evidence regarding whether early plans—such as “green mining,” “layer-2 networks,” and “NFT games”—will be implemented.
- The price has fallen sharply from its all-time high, and price volatility and data metrics may be severely distorted.
Therefore, XCC (Chives Coin) is currently better suited as a case study for assessing the risks of stagnant projects rather than as a basis for judging its future prospects based on historical narratives.For assets that already lack effective trading volume, have an offline official website, and exhibit contradictory data metrics, readers should prioritize verifying project maintenance, on-chain activity, and the latest market status before deciding whether to invest their attention and resources.
