What is Onyxcoin (XCN)

Onyxcoin or XCN serves as both a governance and utility token within the Onyx Protocol. It empowers users to vote on protocol improvements and community-driven initiatives, driving engagement and ownership in the platform. Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (XCN/USDT – Trade it here) on our Innovation Zone, check it out now!

What is Onyxcoin (XCN)
What is Onyxcoin (XCN)

What is the Utility of Onyxcoin?

The Onyx Protocol’s governance and utility token, Onyxcoin (XCN), enables users to vote on protocol improvements and community-driven initiatives. XCN has a range of applications within the Onyx ecosystem, including staking for rewards and protocol security. It also provides priority access to Chain.com’s suite of products and discounts on Chain.com software services. As a secure payment method, XCN can be used to purchase Chain.com products.

What is the Onyx Protocol?

The Onyx Protocol is a cryptographic ledger design that enables multiple independent networks with different operators to coexist and interoperate using a shared, multi-asset format with common capabilities. The protocol follows the principle of least authority by separating control over assets from control over ledger synchronization. This ensures that network participants can issue and manage assets independently while maintaining compatibility with the wider network.

Network participants can use custom “issuance programs” to define and issue assets within the Onyx Protocol. Units of an asset are then managed by “control programs,” which are written in a flexible and Turing-complete programming language. This language allows for the creation of advanced smart contracts that can execute complex financial transactions. The Onyx Protocol provides a flexible and extensible platform for asset issuance and control, enabling participants to create new types of assets and execute sophisticated financial operations.

Where to buy XCN Token

You can find XCN Token here at MEXC! We are listing XCN/USDT in our Innovation Zone!

What is the Price of XCN Tokens?

The price of the XCN token is $0.008793 per unit. It has a market cap of $206,476,969 and a fully diluted market cap of $469,596,525. It also has a 24-hour trading volume of $8,391,613. You can check the live price of their token right here!

How to buy XCN Tokens

You can buy XCN Tokens on MEXC by following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  2. Search “XCN” using the search bar to see the available trading pairs. Take XCN/USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of XCN you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy XCN] to confirm your order. You will find the purchased XCN in your Spot Wallet.

You can find a detailed guide on how to buy XCN Tokens here.

Keep Yourself Updated With The Crypto Trend

Check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! What’s more, MEXC lists moonshots and offers access to trade major cryptocurrencies. Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!

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