We are happy to announce the listing of $XCN. Starting on Thursday, 20th February 2025, at 12 PM CET. LCX Exchange will support the $XCN. Deposits will start on – Thursday, 20th February 2025, at 12 PM CET The trading pair $XCN/EUR will be listed.
What is $XCN?
Onyx represents the next stage in blockchain evolution, positioning itself as a premier Layer 3 protocol that redefines scalability, security, and interoperability. Built on Arbitrum Orbit1, Onyx leverages rollup technology to enable high-speed, low-cost transactions while maintaining the decentralized security of the Ethereum ecosystem.
Onyx introduces an economic model centered around the Onyxcoin (“XCN”) token, which serves as the native gas token for network transactions and smart contract execution. XCN is also fundamental to Onyx’s staking and governance mechanisms, reinforcing the decentralized nature of the ecosystem through Onyx DAO, a community-driven governance framework.
By allowing token holders to participate in protocol decision-making, Onyx ensures that its evolution remains aligned with the needs of its users and stakeholders. Additionally, XCN’s role in security and incentivization fosters sustainable network growth, encouraging developer participation and institutional adoption.
The core digital currency within the Onyx network is Onyxcoin (XCN), the native gas token and governance asset of the protocol. XCN serves multiple key roles within the ecosystem:
- Transaction Settlement: XCN is used to pay for transaction fees, ensuring a seamless and cost-effective user experience both off and onchain.
- Smart Contract Execution: Developers leverage XCN for executing smart contracts within the Onyx ecosystem.
- Payments and Incentives: XCN is used as a medium of exchange within the network, supporting various use cases across financial and DeFi applications.
- Economic Security via Staking: XCN holders can stake their tokens to participate in securing the network and earn rewards.
- Decentralized Governance: Through the Onyx Decentralized Autonomous Organization (DAO), XCN holders influence protocol upgrades, governance decisions, and ecosystem developments. This decentralized governance model ensures that Onyx remains community-driven, selfsustainable, and adaptable to evolving market demands.
Users can sign up for an LCX Account here
Start Trading $XCN
Launch LCX ExchangeDeposits: Deposits open on Thursday, 20th February 2025, at 12 PM CET
Pair Listing Details:
$XCN/EUR starting on Thursday, 20th February 2025, at 12 PM CET
How to deposit $XCN?
Go to LCX Accounts > Wallet
Scroll down to $XCN.
Click on the “Deposit” tab next to $XCN.
Your deposit address will be displayed on the screen.
Send $XCN to this address.
This content is provided for informational purposes only and does not constitute financial, legal, or investment advice. The buying, selling, and trading of cryptocurrencies and digital assets involve significant risk and may result in the loss of your entire investment. Always conduct your research and consult a qualified advisor before making financial decisions. LCX is a regulated entity operating in accordance with the Liechtenstein Blockchain Act. It has approvals for roles including token generator, token issuer, and exchange service provider. LCX provides technology and compliance infrastructure for digital asset services.
