ONYXCOIN (XCN) Tokenomics
ONYXCOIN (XCN) Tokenomics & Price Analysis
Explore key tokenomics and price data for ONYXCOIN (XCN), including market cap, supply details, FDV, and price history. Understand the token's current value and market position at a glance.
ONYXCOIN (XCN) Information
Onyx Protocol is the backbone of web3 blockchain infrastructure powered by XCN.
In-Depth Token Structure of ONYXCOIN (XCN)
Dive deeper into how XCN tokens are issued, allocated, and unlocked. This section highlights key aspects of the token's economic structure: utility, incentives, and vesting.
Onyxcoin (XCN) serves as the native utility and governance token for the Onyx Protocol, a blockchain-based cloud infrastructure designed to enable organizations to build advanced financial services. The tokenomics of XCN are structured to facilitate decentralized governance, ensure network security, and provide a transparent mechanism for value preservation and ecosystem growth.
Issuance and Supply Mechanism
The issuance of Onyxcoin is governed by a model designed to ensure trustworthy inflation and long-term value. The total supply of XCN has been strategically reduced to 48,470,523,779 units. As of early 2025, approximately 26.65 billion XCN are in circulation.
The protocol utilizes a controlled release mechanism to manage the entry of new tokens into the market. This is primarily handled through the Onyx DAO, which oversees a significant portion of the total supply to prevent sudden market shocks and maintain economic stability.
Allocation Mechanism
The distribution of XCN was designed to balance the interests of early adopters, the core development team, and the broader community. The allocation is broken down as follows:
- Initial Distribution: Tokens were initially distributed to non-US and non-sanctioned users through airdrop programs to bootstrap the network and ensure a wide distribution of holders.
- Onyx DAO Control: The Onyx DAO manages approximately 25 billion XCN.
- DAO Treasury: 10 billion XCN are held directly in the treasury to fund ecosystem development, grants, and operational costs.
- Time-Locked Smart Contract: 15 billion XCN are held in a time-locked smart contract, which allows for a gradual and predictable unlocking process.
Usage and Incentive Mechanism
XCN is deeply integrated into the Onyx ecosystem, serving multiple functional roles that incentivize participation and secure the network:
- Governance: XCN holders have the right to vote on protocol improvements and proposed changes to the network. This creates a sense of co-determination and ownership within the community.
- Payment for Services: The token is used to pay for various services across the Chain Protocol and Onyx ecosystem.
- Staking Rewards: Users can stake their XCN tokens to support the platform's network nodes. In return for providing computing power and securing the decentralized ecosystem, stakers earn rewards.
- Access and Discounts: Holding XCN grants users access to premium services and discounts within the ecosystem.
- Financial Products: The roadmap for XCN includes advanced financial utilities such as fixed-rate borrowing, flash loans, and use as collateral for "buy now, pay later" NFT vaults (specifically for ApeCoin and BAYC/MAYC assets).
Locking Mechanism and Unlocking Time
To ensure long-term alignment and prevent immediate sell pressure, Onyxcoin employs specific locking mechanisms:
| Mechanism | Amount | Details |
|---|---|---|
| DAO Treasury | 10,000,000,000 XCN | Managed by the DAO for ecosystem growth and incentives. |
| Time-Locked Contract | 15,000,000,000 XCN | Gradually unlocked via a smart contract to ensure a controlled release. |
The controlled release of the 15 billion XCN held in the time-locked contract is intended to provide a predictable inflation schedule. This transparency allows the community and investors to anticipate supply changes, fostering trust in the token's long-term value preservation. Specific monthly unlock dates are determined by the smart contract parameters established by the Onyx DAO.
ONYXCOIN (XCN) Tokenomics: Key Metrics Explained and Use Cases
Understanding the tokenomics of ONYXCOIN (XCN) is essential for analyzing its long-term value, sustainability, and potential.
Key Metrics and How They Are Calculated:
Total Supply:
The maximum number of XCN tokens that have been or will ever be created.
Circulating Supply:
The number of tokens currently available on the market and in public hands.
Max Supply:
The hard cap on how many XCN tokens can exist in total.
FDV (Fully Diluted Valuation):
Calculated as current price × max supply, giving a projection of total market cap if all tokens are in circulation.
Inflation Rate:
Reflects how fast new tokens are introduced, affecting scarcity and long-term price movement.
Why Do These Metrics Matter for Traders?
High circulating supply = greater liquidity.
Limited max supply + low inflation = potential for long-term price appreciation.
Transparent token distribution = better trust in the project and lower risk of centralized control.
High FDV with low current market cap = possible overvaluation signals.
Now that you understand XCN's tokenomics, explore XCN token's live price!
How to Buy XCN
Interested in adding ONYXCOIN (XCN) to your portfolio? MEXC supports various methods to buy XCN, including credit cards, bank transfers, and peer-to-peer trading. Whether you're a beginner or pro, MEXC makes crypto buying easy and secure.
ONYXCOIN (XCN) Price History
Analyzing the price history of XCN helps users understand past market movements, key support/resistance levels, and volatility patterns. Whether you are tracking all-time highs or identifying trends, historical data is a crucial part of price prediction and technical analysis.
XCN Price Prediction
Want to know where XCN might be heading? Our XCN price prediction page combines market sentiment, historical trends, and technical indicators to provide a forward-looking view.
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Disclaimer
Tokenomics data on this page is from third-party sources. MEXC does not guarantee its accuracy. Please conduct thorough research before investing.
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1 XCN = 0.0052611 USD
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