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.
Important Note:
Trading cryptocurrency is complex and comes with a high risk of losing money. You should carefully consider whether trading cryptocurrencies is right for you and take the time to learn how trading works and decide how much money you are prepared to lose. This content is not financial advice and should not form the basis of any financial investment decisions nor be seen as a recommendation to buy or sell any good or product.
