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:
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Launch of Onyx Core Mainnet in November 2023.
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Integration with Ethereum for seamless compatibility.
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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:
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Governance: Token holders participate in protocol updates and decisions via a DAO.
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Staking: Incentivizing long-term holders with rewards.
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Payments: Facilitating transactions within the Onyx ecosystem.
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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
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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 |
|---|---|---|---|
| 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
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What is Onyxcoin’s primary use case?
Onyxcoin facilitates governance, staking, and asset transfers within the Onyx Protocol. -
How is Onyxcoin secured?
It employs Ethereum’s Proof of Stake (PoS) mechanism for scalability and security. -
Where can I trade Onyxcoin?
XCN is available on Coinbase, Uniswap, Kraken, and other major exchanges. -
What sets Onyxcoin apart from competitors?
Onyxcoin combines DAO governance with high transaction speeds, setting it apart in the market. -
Does Onyxcoin have staking rewards?
Yes, holders can stake XCN to earn rewards while supporting the network. -
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.
