What is Onyxcoin ($XCN)?
Onyx is a modular
blockchain built for financial-grade applications that delivers near-instant confirmations and low fees to power cross-border banking, securities, and payment systems without borders. It operates as a secure Base Layer 3 platform that shares the economic security of
Ethereum and
Base. Onyxcoin (XCN) powers all transactions, serving as the utility, gas, and governance token while settling fees with a portion of XCN burned. The circulating supply of XCN is 33.2B and its total supply is 48.4B.
Onyxcoin ($XCN) powers the Onyx Layer 3 blockchain. It maximizes scalability and economic efficiency. It fuels transactions and
smart contract execution while supporting staking and governance. XCN pays predictable fees and drives community-led governance in the Onyx DAO. XCN also underpins a secure fee model that burns fees over time.
XCN's chain protocol delivers blockchain cloud infrastructure and empowers organizations to build advanced financial services products. Onyxcoin gives developers direct access to blockchain networks so they can store data and transactions on a global server network. The chain token (XCN) powers the ecosystem. XCN grants holders the right to vote on improvements, pay for services across the network, and access discounts and premium features.
What are the features of XCN?
XCN offers low-cost transactions through EIP-1559 and advanced rollup batching that lowers overhead. It acts as both a
gas token and a governance asset. Holders use it to vote on protocol changes and earn
staking rewards that secure the network. XCN supports cross-chain interoperability, so it moves smoothly between Ethereum, Coinbase Base, and Onyx Layer 3. Its deflationary model burns fees continuously, preserving scarcity and long-term value.
Who created Onyxcoin ($XCN)?
A dedicated team of Onyx DAO contributors built $XCN. They use deep expertise in high-performance execution and
decentralized finance. They design the protocol for institutional use and for developers. Their work keeps the network secure under Ethereum’s trusted model. XCN meets crypto market needs and adapts with technology. This common vision ensures long-term sustainability.
Why Trade Onyxcoin ($XCN) on BingX?
Onyxcoin ($XCN)’s popularity on BingX stems from its ability to reduce trading and lending fees and lower costs on both crypto and fiat transactions. Traders use $XCN to minimize expenses across the board while gaining access to an efficient trading ecosystem. BingX offers low fees, rapid order execution in milliseconds, deep liquidity, and real-time analytics that empower traders to make swift, informed decisions using $XCN as a base asset.
Steps to start trading Onyxcoin ($XCN) on BingX:
1. Create your BingX account by visiting the website or downloading the app. Register with your email and a secure password.
2. Complete your security settings by verifying your email and phone, enabling two-factor authentication, and completing KYC if required.
3. Deposit funds using on-chain methods to save on fees. Choose the $XCN deposit option for cost-effective transactions.
4. Buy $XCN by selecting your preferred trading method—either for spot trading or in the futures markets—using $XCN as your base asset for efficient market entry and exit.
With BingX, you benefit from:
• Competitive Trading Environment: Enjoy low fees, rapid execution in milliseconds, and minimal slippage.
• Diverse Trading Options: Access a wide range of trading pairs with $XCN, like XCNUSDT, whether trading spot or engaging in derivatives.
• Innovative Trading Tools: Utilize features like futures and spot copy trading to mirror successful strategies without advanced expertise.
How to Securely Store Onyxcoin ($XCN) with BingX?
Securing your $XCN tokens calls for robust, dependable storage options. Hardware wallets such as Ledger or Trezor provide strong security by keeping your private keys offline. Alternatively, trusted software wallets or custodial solutions from BingX offer protective features like multi-factor authentication (MFA). Traders must update their wallets regularly, back up their private keys securely, and avoid unreliable services. Your security is BingX’s top priority; stringent measures ensure your funds stay safe. Whether you are a long-term holder or a short-term trader, protecting your $XCN tokens is crucial. With straightforward compatibility on BingX, managing your assets is simple.
• No Private Key Management: BingX handles custody, so you do not need to manage your private keys or seed phrases, reducing the risk of loss or theft.
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Simplified Wallet Management: Keep all your $XCN tokens in one secure location on BingX without juggling multiple wallets.
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Low Fee & Flexible Trading: Enjoy instant trades with low fees and deep liquidity, along with access to derivatives and investment tools without delays.
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Strong Security Infrastructure: BingX uses a comprehensive
100% Proof of Reserve system, cold-hot wallet separation, and regular audits to ensure your assets are fully backed and secure.
If you prefer full control over your digital assets, use a self-custodial wallet. However, be sure to back up your private keys and seed phrases securely and verify that your wallet supports $XCN to avoid irreversible loss.
Securing your $XCN tokens calls for robust, dependable storage options. BingX provides two primary storage options tailored to your security needs.
• On BingX: Store your $XCN tokens directly on the BingX platform. BingX handles custody, so you never have to manage private keys or seed phrases. This method streamlines wallet management and guarantees you benefit from deep liquidity and low fees. BingX employs a 100% Proof of Reserve system, cold-hot wallet separation, and regular security audits to ensure your $XCN tokens are fully backed and secure.
• Self-Custody: For full control, choose a non-custodial wallet. Hardware wallets like Ledger or Trezor store your private keys offline for maximum security. Trusted software wallets designed for $XCN offer strong protection as well. This method requires diligent management of your private keys and seed phrases, which must be securely backed up and stored offline.
What does XCN stand for?
XCN is the designated token of the Onyx ecosystem. It embodies the integration of blockchain technology in advanced financial services and decentralized applications. The token serves as both a utility and governance asset, enabling transaction fee payments, incentivizing network participation, and granting holders the right to vote on protocol improvements and access premium services.
How does XCN work?
XCN acts as a utility and governance token within the Onyx ecosystem. It powers the blockchain protocol by enabling transactions, smart contract execution, and interactions across multiple blockchain networks. The token incentivizes network participation through rewards for various actions and supports low-cost fee payments throughout the ecosystem. Additionally, XCN facilitates decentralized governance and provides access to advanced platform features. This dynamic mechanism establishes $XCN as a critical asset in driving blockchain efficiency and effective on-chain decision-making.
What does XCN stand for?
XCN is the symbol for Onyxcoin. It represents the token that powers transactions and smart contracts. It grants governance rights and staking rewards. XCN drives decentralized decision-making on the network.
How does Onyxcoin ($XCN) work?
XCN fuels every operation on the Onyx blockchain. It pays gas fees and executes smart contracts. It supports staking and network governance. The token runs on a rollup architecture that batches transactions to lower costs. Dynamic fee adjustments respond to network load while fee burns under EIP-1559 reduce supply over time.
What are the benefits of Onyxcoin ($XCN)?
$XCN delivers low-cost, high-speed transactions on a scalable Layer 3 network. It cuts operational costs with optimized gas metering and batching techniques. It gives users governance rights to influence upgrades and network strategy. It rewards stakers and supports a stable trading environment. Predictable fees and secure execution help both individual traders and large-scale applications.
How does Onyxcoin ($XCN) maintain security?
XCN secures the Onyx blockchain with advanced rollup technology. It runs on
Arbitrum Orbit and settles on Coinbase Base
Layer 2. Fraud-proof mechanisms and dispute resolution keep transactions safe. BingX enforces custody with a 100% Proof of Reserve system and regular audits. This layered approach protects the network and your assets.
What is an XCN payment?
An XCN payment transfers value rapidly and securely. Payments settle almost instantly with very low fees. Every payment is recorded immutably on the blockchain for full transparency. XCN payments power smart contract execution and asset transfers and support governance functions.