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Onyxcoin (XCN) Investment: 6 Must-Know Facts


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Discover Onyxcoin’s role in revolutionizing financial services through blockchain scalability and DAO governance.”



I. Project Overview

Onyxcoin (XCN) is the governance and utility token powering the Onyx Protocol, a Web3 blockchain infrastructure aimed at revolutionizing financial services. By enabling organizations to build and deploy blockchain-based systems, Onyx Protocol provides scalable, secure, and efficient solutions for digital asset issuance, management, and transfer. The protocol supports multi-asset platforms with interoperability across networks, addressing the growing demand for interconnected financial ecosystems.

Onyx’s flagship product, Onyx Core, enables institutions and developers to operate blockchain networks with minimal latency, where transaction validation is achieved within milliseconds. Onyxcoin holders participate in governance through a decentralized autonomous organization (DAO), ensuring the network evolves in alignment with community-driven decisions.

Key milestones include:

  • Launch of Onyx Core Mainnet in November 2023.

  • Integration with Ethereum for seamless compatibility.

  • Establishing partnerships with major platforms such as Base Ecosystem.

The launch of Onyx Core Mainnet marked a significant milestone, establishing a foundation for scalable financial solutions. By integrating with Ethereum, Onyxcoin ensures compatibility and interoperability with one of the largest blockchain networks, enhancing adoption potential. Partnerships with Base Ecosystem signal strategic alignment with other blockchain innovators, paving the way for future growth.



II. Token Metrics

Market Performance (As of January 25, 2025):

Metric Value Note
Market Cap $718.07M Current Rank: #116
24h Volume $1.07B +5.11%
Circulating Supply 30.79B XCN 63.6% of Max Supply
Max Supply 48.4B XCN Fully diluted valuation: $1.12B

Onyxcoin’s market cap places it in a strong mid-tier position within the cryptocurrency market. The high 24-hour volume relative to market cap (152.7%) indicates active trading and liquidity, which are critical for institutional adoption. With 63.6% of the max supply circulating, the tokenomics align well with controlled inflation, ensuring gradual release into the market.

Price Performance Trends

Period High (USD) Low (USD) Percentage Change
24 Hours $0.02973 $0.0174 +7.98%
30 Days $0.03512 $0.01584 +18.50%
1 Year $0.1841 $0.0007038 +3151.53%

Onyxcoin’s 1-year performance reflects substantial growth potential, with a 3,151.53% increase from its all-time low. This dramatic rebound highlights the token’s resilience and investor confidence. Short-term trends, including a 7.98% 24-hour increase, demonstrate active market interest.

Exchange Listings:

Exchange Pair Price (USD) 24h Volume Liquidity Score
Coinbase Exchange XCN/USD $0.02298 $360.6M High
Uniswap v2 XCN/WETH $0.02294 $14.07M High
Kraken XCN/USD $0.02276 $42.18M High
Gate.io XCN/USDT $0.02295 $104.1M High

These exchanges provide Onyxcoin significant exposure to both centralized and decentralized trading markets. High liquidity scores across platforms indicate ease of trading and stability in price movements, enhancing investor confidence.


III. Token Economics

Token Distribution

Allocation Percentage Amount (XCN) Vesting Period
Team 15% 7.26B 48 months linear release
Investors 20% 9.68B 12 months lock-up
Ecosystem 35% 16.94B Allocated for staking
Treasury 30% 14.52B Held for partnerships

The allocation strategy balances ecosystem incentives (35%) with long-term growth via treasury reserves (30%). The extended vesting for team and investor allocations ensures gradual distribution, mitigating sell-off risks.

Vesting Schedule

Category Lock-up Period Release Schedule Initial Unlock
Team 12 months Monthly 0%
Investors 6 months Monthly 20%
Public None TGE 100%

A well-defined vesting schedule builds investor confidence by ensuring transparency and long-term commitment from core contributors.

Utility and Governance

Onyxcoin’s core utilities include:

  • Governance: Token holders participate in protocol updates and decisions via a DAO.

  • Staking: Incentivizing long-term holders with rewards.

  • Payments: Facilitating transactions within the Onyx ecosystem.

  • Asset Issuance: Simplifying the creation and management of digital assets.

Staking rewards are structured to encourage token retention, while governance ensures decentralized decision-making. The token’s utility extends beyond transactions, emphasizing its role as a multi-faceted asset within the ecosystem.


IV. Technical Features and Development Status

Development Status

Feature Status Completion Release Date
Onyx Core Mainnet Live 100% 2023-11
Smart Contracts In Progress 75% 2024-06
DAO Governance Beta Phase 60% 2024-09


GitHub Activity

Metric Last 30 Days Last 90 Days
Commits 45 150
Contributors 12 30
Issues Closed 8 25

The GitHub activity reflects consistent development efforts, with a focus on smart contract functionality and DAO governance. The completion of Onyx Core Mainnet marks a pivotal step, underscoring the team’s commitment to delivering on their roadmap.


V. Market Analysis

Competitor Comparison

Features Onyxcoin Chainlink Quant
Market Cap ($B) 0.72 5.1 1.4
TPS 3,000 1,000 2,500
Governance Yes No Yes
Unique Features DAO, PoS Oracle Gateway

Onyxcoin (XCN) has demonstrated notable market activity with a 35% surge in price recently. This momentum is driven by strategic partnerships and increased community engagement. Technical indicators from TradingView signal strong ‘buy’ potential for XCN, reflecting positive sentiment in the market.

Onyxcoin’s focus on governance and high TPS positions it favorably against competitors, addressing scalability and decentralization challenges in the blockchain space.


VI. Community and Partnerships

Social Media Metrics

Platform Followers Growth (Monthly) Engagement Rate
Twitter 39.1K +7% 12%
Discord 25K +5% 10%
Telegram 20K +4% 8%

Community Engagement: Onyxcoin’s social media growth reflects an active and engaged community. Regular updates and interaction via platforms like Twitter and Discord are critical in fostering user trust and expanding adoption.

Partnerships Overview

Partner Type Announcement Date Status
Base Ecosystem Integration 2023-08-15 Active
Ethereum Strategic 2023-11-10 Active
Earn Network Staking 2024-01-10 Planned
Coinstore Exchange 2024-01-20 Active

Details: Onyxcoin’s partnerships with Base Ecosystem and Ethereum exemplify its focus on interoperability and strategic growth. Additionally, collaborations with Earn Network introduce flexible staking pools, while Coinstore listings expand access in the Asian market, enhancing liquidity.



VII. Summary

Onyxcoin leverages cutting-edge blockchain technology to empower secure and efficient financial services. Its governance-driven model and high transaction speeds position it as a competitive player in the market. With an active development pipeline, robust community support, and adoption growth metrics, Onyxcoin is poised for sustained impact in the blockchain industry.



VIII. FAQ

  1. What is Onyxcoin’s primary use case?
    Onyxcoin facilitates governance, staking, and asset transfers within the Onyx Protocol.

  2. How is Onyxcoin secured?
    It employs Ethereum’s Proof of Stake (PoS) mechanism for scalability and security.

  3. Where can I trade Onyxcoin?
    XCN is available on Coinbase, Uniswap, Kraken, and other major exchanges.

  4. What sets Onyxcoin apart from competitors?
    Onyxcoin combines DAO governance with high transaction speeds, setting it apart in the market.

  5. Does Onyxcoin have staking rewards?
    Yes, holders can stake XCN to earn rewards while supporting the network.

  6. What are Onyxcoin’s recent milestones?
    Recent milestones include the launch of Onyx Core Mainnet and strategic partnerships with Ethereum.



Legal Disclaimer

This content is for informational purposes only and not financial advice. Cryptocurrency investments carry high risks of loss. Information accurate as of 2025/1/25. Always conduct your own research before making investment decisions.

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