{
  "url": "https://blockindex.ai/coin/cvxx",
  "name": "Chevron tokenized stock (xStock)",
  "links": {
    "github": null,
    "website": "https://xstocks.com/",
    "whitepaper": "https://docs.backed.fi/"
  },
  "dScore": 48,
  "market": {
    "priceUsd": 174.24521543764763,
    "marketCapUsd": 38417654.70650037,
    "volume24hUsd": 95846.33429306,
    "priceChange7dPct": -6.49626903,
    "priceChange24hPct": -1.90182101
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": null,
    "circulating": 220480.39947615,
    "circulatingPct": null
  },
  "ticker": "CVXX",
  "founder": "N/A",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:27.476949+00:00",
  "fairLaunch": false,
  "launchYear": 2025,
  "description": "Chevron tokenized stock (xStock), traded as CVXX on CoinMarketCap and styled as CVXx in xStocks materials, is a tokenized tracker certificate designed to follow the price of Chevron Corporation common stock. It is part of the xStocks real-world-asset product family issued by Backed and gives eligible crypto-market participants blockchain-based exposure to a traditional equity price reference. CVXX is not a native cryptocurrency network and does not attempt to replace Chevron stock itself with an independent blockchain asset. Instead, it packages equity-linked exposure into transferable token form for users outside restricted jurisdictions, with official Backed materials noting that products are prohibited for U.S. persons and are not registered under U.S. securities laws.\n\nTechnically, CVXX operates as a token on existing blockchain infrastructure rather than as a standalone chain. The supplied data identifies Solana SPL and ERC-20 issuance, with additional third-party references to deployments on BNB Smart Chain, Arbitrum, TON, and Mantle. Because it inherits settlement, finality, block production, and security properties from its parent networks, CVXX has no independent mining algorithm, validator set, consensus protocol, staking yield, block reward, or native node layer. Its principal technical feature is cross-chain token availability for a tokenized stock tracker certificate, supported by explorers such as Solscan, Etherscan, Bscscan, Arbiscan, Tonscan, Tonviewer, Mantlescan, Ethplorer, Binplorer, and Arkham.\n\nThe practical use case for CVXX is regulated-access tokenized exposure to Chevron Corporation's stock price through crypto exchanges, wallets, and on-chain rails. The provided ecosystem data shows support across Ledger, Electrum, Argent, MetaMask, and Phantom, with centralized exchange listings including Kraken, Coinbase, Binance, and Raydium CLMM, plus decentralized access through Raydium and Jupiter. Market and analytics coverage is available through CoinMarketCap, CoinGecko, Coinbase, Arkham, Backed documentation, and Backed supply APIs. This gives the asset a relatively broad data and custody surface despite being a narrow tokenized-equity instrument.\n\nCVXX's economic design follows tokenized certificate mechanics rather than mined cryptocurrency issuance. The supplied master summary states that xStocks are backed 1:1 by real shares held with a regulated custodian, while CVXX market data showed a snapshot price of $190.14, market capitalization of $41.92 million, 220,480 total and circulating tokens, 318 holders, and $291.39 in 24-hour volume. CoinGecko and CoinMarketCap reported conflicting supply values in later samples, so the original CoinMarketCap snapshot is preserved as the primary market snapshot. No ICO, fair launch, premine percentage, public initial percentage, or monetary emission schedule was disclosed in the provided data.\n\nGovernance appears centralized around Backed and the xStocks issuance framework rather than DAO-based token-holder governance. No CVXX-specific founder, CEO, GitHub repository, open-source license, voting mechanism, community-governed treasury, or development roadmap was found in the supplied files. The most material project risks are regulatory and liquidity-related: the official site restricts U.S. persons, the instruments are described as unregistered under U.S. securities laws, and trading volume was very low in the market snapshot. CVXX's future relevance depends less on protocol upgrades and more on the reliability of Backed's issuance, redemption, custody, market access, and compliance framework.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 2",
    "isToken": true,
    "consensus": "Other",
    "parentChain": "SOL"
  },
  "dScoreComponents": {
    "autonomy": 0,
    "ageHistory": 7,
    "governance": 16,
    "nodeDistribution": 0,
    "initialDistribution": 25
  },
  "decentralizationVerdict": "Moderately Decentralized"
}