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View ChartOnyxcoin (XCN) is the native utility, gas, and governance token of the Onyx ecosystem, a public network and decentralized governance framework built for payments, financial institutions, and real-world applications, and also the governance token of the Onyx Protocol DeFi lending platform on Ethereum.
Onyxcoin (XCN) is the native utility, gas, and governance token of the Onyx ecosystem. XCN is an ERC-20 token on Ethereum; Onyx is also described as a high-performance Layer 1 blockchain, and as an L3 built on top of Base and Arbitrum. XCN is used for paying for services, staking, and participating in governance. The project focuses on building cryptographic ledgers that optimize security, scalability, and usability. The total maximum supply of XCN is capped at 68,892,071,757 tokens.
Onyxcoin (XCN) is the native cryptocurrency of the Onyx Protocol, a blockchain platform engineered to power decentralized financial services and regulated institutional infrastructure.
| Item | Details |
|---|---|
| Name (Ticker) | Onyxcoin (XCN) |
| Alternative Names | Onyx Protocol Token |
| Smart Contracts | Supported (ERC-20 on Ethereum) |
| Category | Layer 1, Made in America |
| Max Supply | 68,892,071,757 XCN |
| Contract Address (Ethereum ERC-20) | 0xA2cd...94fb18 (per CoinMarketCap; verify the full address on etherscan.io before interacting) |
| Blockchain | Ethereum (ERC-20) |
According to Onyx, the maximum supply is around 68.89 billion XCN, and more than 20.48 billion XCN tokens have been burned.
Onyxcoin (XCN) originates from Chain.com, founded by Adam Ludwin in 2014 with backing from Nasdaq and Citigroup. In March 2022, Chain rebranded its token from CHN to XCN, with CHN holders receiving XCN at a 1:1,000 ratio. Onyx is a public network and decentralized governance framework architected to meet the technical, regulatory, and operational requirements of mainstream market adoption, governed by the Onyx DAO consisting of XCN holders on the Ethereum ERC-20 blockchain. Development and strategic decisions are increasingly guided by XCN token holders through the project's on-chain governance model.
XCN is an ERC-20 token on Ethereum, and Onyx is described as a high-performance Layer 1 blockchain as well as an L3 built on top of Base and Arbitrum. XCN is the native utility, gas, and governance token of the Onyx ecosystem and powers every transaction, staking reward, and governance vote on the network.
Token Utility: XCN facilitates all economic activities within this ecosystem, acting as the medium of exchange, the staking asset, and the governance token.
Governance: XCN operates as the governance token for Onyx Protocol. Token holders vote on protocol upgrades via the Onyx DAO.
Onyxcoin's primary value proposition lies in its focus on building cryptographic ledgers that optimize security, scalability, and usability.
Web3 Native Infrastructure: As the Web3 space grows, the demand for infrastructure that is natively decentralized, transparent, and community-governed increases. Onyx Protocol is built specifically to meet this demand.
XCN serves as the native utility, gas, and governance token of the Onyx ecosystem, powering every transaction, staking reward, and governance vote on the network.
The XCN token has several core utilities within the Onyx ecosystem:
Payment for Services: Developers and users pay XCN to access services on the Onyx network.
Network Staking: Token holders can stake their XCN, helping to secure the network and earning staking rewards in return.
Governance: XCN holders can participate in the decentralized governance of the Onyx Protocol. This includes voting on proposals related to network upgrades, treasury management, and parameter changes.
Incentivization: XCN is used to reward individuals and organizations that contribute valuable resources to the network's growth and stability.
The Onyx ecosystem is evolving around its core mission of developing cryptographic ledgers that optimize security, scalability, and usability. Development is focused on expanding the network's capabilities and adoption.
The Onyx ecosystem includes Onyx Core (the flagship product, with a revamped white paper announced on September 29, 2024), Onyx Cloud (beta), Onyx Bridge (bridge USDC, ETH, or XCN to Onyx), the Onyx App (view transactions and contracts), and a Sequence Wallet integration providing a developer-facing wallet SDK for enterprise adoption.
XCN is not mined in the traditional Proof-of-Work sense. XCN is the native utility, gas, and governance token of the Onyx ecosystem and powers every transaction, staking reward, and governance vote on the network. According to Onyx, the maximum supply is around 68.89 billion XCN, of which more than 20.48 billion XCN have been burned.
Securing your XCN tokens is crucial. Here are the best practices:
XCN is an ERC-20 token on Ethereum, so it can be held in wallets that support Ethereum ERC-20 assets; always verify contract address 0xA2cd…94fb18 before interacting. Keep your recovery phrase private and never share it online.
Beware of Scams: Be vigilant against phishing websites, fake social media support accounts, and unsolicited messages offering investment advice or requesting your private keys.
Keep Software Updated: Ensure your wallet software and any device you use to access your funds have the latest security updates.
XCN is listed on several centralized and decentralized exchanges; availability and liquidity vary by venue and region. Always verify that a venue is properly licensed in your jurisdiction before trading.
This article is for informational purposes only and does not constitute investment advice. Crypto asset prices are highly volatile; do your own research and assess your own risk tolerance before making any decision.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for XCN are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Onyxcoin (XCN) is $0.003171. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated XCN to USD rate at the top of BTCC’s price page. In terms of market scope, Onyxcoin records a 24h trading volume of $6.587892M (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $128.252523M. Its current circulating supply stands at 40.4B out of a maximum supply cap of 68.89B.
The price volatility of Onyxcoin (XCN) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (40.4B) to max supply (68.89B), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Onyxcoin (XCN) hit an all-time high (ATH) of $0.184112 on 2022-05-27 11:45, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.000704 on 2023-10-11 19:45. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading XCN futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($6.587892M), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s XCNUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Onyxcoin, simply log into your BTCC account with USDT margin available, navigate to the XCNUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for XCNUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.003171), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for XCNUSDT with zero financial risk.
Trading Onyxcoin (XCN) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for XCNUSDT, and review its live price ($0.003171) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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