Bitget App

Trade smarter

What is Onyxcoin

Coin overview

Coin-related

Trade-related

Coin updates

Other products

What is Onyxcoin (XCN)?

Onyxcoin basic info

Name:Onyxcoin

Ticker:

XCNBuy now

Introduction:

What is Onyxcoin?

The Onyx Protocol is a decentralized platform that enables peer-to-peer lending and borrowing of various digital assets. Onyxcoin (XCN) serves as the governance and utility token for the platform and operates on the Ethereum blockchain. The platform supports a range of digital assets, including Ether (ETH), ERC-20 tokens, ERC-721 tokens, and ERC-1155 tokens. Through non-custodial custody via decentralized smart contracts, these assets can be supplied or borrowed through an aggregated and unified balance. Onyxcoin (XCN) aims to increase the borrowing capacity of the corresponding account by allowing NFTs to be supplied as collateral.

How does Onyxcoin Work?

Onyxcoin has several potential use cases within the Onyx Protocol. As a governance token, it allows holders to influence the trajectory of the Onyx Protocol through a structured system of voting and proposals. This ensures a democratized control and continual securing of the platform. As a utility token, Onyxcoin facilitates various activities within the system and maintains its economic balance. It also serves as a preferred medium for accessing Chain.com products with discounts. Furthermore, Onyxcoin holders may stake their holdings to receive compensation, sustaining the protocol’s economic vitality.

What makes Onyxcoin Unique?

Onyxcoin stands out in the decentralized finance arena due to its unique features that foster user engagement, security, and convenience. One of its hallmark features is the governance model, where Onyxcoin holders can directly influence the trajectory of the Onyx Protocol through a structured system of voting and proposals. This ensures a democratized control and continual securing of the platform. Another standout attribute is the incentivization of user participation via staking mechanisms, where users can stake their Onyxcoin holdings to earn rewards, sustaining the protocol’s economic vitality. Furthermore, Onyxcoin extends its utility beyond standard transactions, serving as a preferred medium for accessing Chain.com products with discounts.

Current price:

$0.002208More price details

All-time high:$0.1841

All-time low:$0.0007038

XCN supply and tokenomics

Circulating supply:30,790,294,000 XCN

Total supply:48,402,437,326 XCN

Max supply:48,402,437,326 XCN

Market cap:$67.99M

Fully diluted market cap:$106.88M

Token allocation:

Circulating

43.89%

Company

28.05%

DAO

18.71%

Team

9.35%

Tokenomics:

Uniqueness

Onyxcoin sets itself apart in the decentralized finance arena through several distinctive features that foster user engagement, security, and convenience. A hallmark of its uniqueness is the governance model, where Onyxcoin holders can directly influence the trajectory of the Onyx Protocol through a structured system of voting and proposals, thereby ensuring a democratized control and continual securing of the platform. Another standout attribute is the incentivization of user participation via staking mechanisms, where users can stake their Onyxcoin holdings to earn rewards, sustaining the protocol’s economic vitality. Furthermore, Onyxcoin extends its utility beyond standard transactions, serving as a preferred medium for accessing Chain.com products with discounts.

Token utility

Chain Token ($XCN) is the governance and utility token for the Chain Protocol designed to vote on protocol improvements and various community-driven programs. $XCN is also utilized for discounts, premium access, and a payment method for commercial fees on Sequence and other Chain ecosystem products.

$XCN has a variety of use case applications within the Chain ecosystem, outside of voting on Chain Protocol and Chain DAO activities. Users can also stake $XCN to secure the protocol and earn rewards. Chain offers priority access to a suite of products, as well as discounts for our software services. $XCN can be used as a secure method of payment for the Chain Protocol as well.

Links

Website:https://onyx.org

Whitepaper:https://onyx.org/Whitepaper.pdf

X:https://twitter.com/OnyxDAO

GitHub:https://github.com/Onyx-Protocol

Buy Onyxcoin for $1Buy XCN now

What is the development prospect and future value of XCN?

The market value of XCN currently stands at $67.99M, and its market ranking is #559. The value of XCN is not widely recognized by the market. When the bull market comes, the market value of XCN may have great growth potential.

As a new type of currency with innovative technology and unique use cases, XCN has broad market potential and significant room for development. The distinctiveness and appeal of XCN may attract the interest of specific groups, thereby driving up its market value.

What will the price of XCN be in 2025?

Based on XCN's historical price performance prediction model, the price of XCN is projected to reach $0.002497 in 2025.

What will the price of XCN be in 2030?

In 2030, the XCN price is expected to change by +4.00%. By the end of 2030, the XCN price is projected to reach $0.005318, with a cumulative ROI of +139.44%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of XCN and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

XCN price XCN price prediction XCN news

Is XCN worth investing or holding? How to buy XCN from a crypto exchange?

If you want to buy XCN, the following information may be helpful for your investment decisions:

In the last 7 days, the price of XCN has fallen by -13.34%, leading to negative returns for most XCN investors. The market is currently pessimistic about the price trend of XCN.

It is important to note that the current price of XCN has retreated by -98.80% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether XCN is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in XCN or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of XCN, if you want to buy or sell XCN, you can consider Bitget for your trading needs. The best place to buy XCN is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Onyxcoin has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Onyxcoin. Here's a step-by-step guide on how to buy Onyxcoin on Bitget.

Buy XCN now Coin buying guide

How to get Onyxcoin through other methods？

Using cash to buy Onyxcoin is not the only way to obtain Onyxcoin. If you have the time to spare, you can get Onyxcoin for free.

Learn how to earn Onyxcoin for free through the Learn2Earn promotion.

Earn free Onyxcoin by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Onyxcoin airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Onyxcoin through Bitget Convert, Bitget Swap, or spot trading.

What is Onyxcoin used for and how to use Onyxcoin?

The use case of Onyxcoin may expand as the crypto market and the project itself develop. Currently, you can use XCN to achieve the following goals:

Arbitrage by trading XCN: Since XCN is a frequently traded cryptocurrency, the price of XCN is always fluctuating. Earn more XCN by buying low and selling high on the exchange. Bitget spot market provides a variety of XCN trading pairs to fully meet your needs.

Earn by staking XCN: You can also generate income through financial management methods such as staking XCN or lending XCN. Bitget Earn offers a variety of financial products designed to help you earn more income from your XCN.

Send or pay XCN: If you want to give XCN to your friends, a charity, or a fundraiser, or you want to pay someone with XCN, you can quickly and easily send XCN to the recipient through their payment address.

You can also go to the official website of the Onyxcoin project to learn more about the use cases of XCN. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

Trade XCN XCN Earn