What is Onyxcoin (XCN)?

Onyxcoin sets itself apart in the decentralized finance arena through several distinctive features that foster user engagement, security, and convenience. A hallmark of its uniqueness is the governance model, where Onyxcoin holders can directly influence the trajectory of the Onyx Protocol through a structured system of voting and proposals, thereby ensuring a democratized control and continual securing of the platform. Another standout attribute is the incentivization of user participation via staking mechanisms, where users can stake their Onyxcoin holdings to earn rewards, sustaining the protocol’s economic vitality. Furthermore, Onyxcoin extends its utility beyond standard transactions, serving as a preferred medium for accessing Chain.com products with discounts.

Chain Token ($XCN) is the governance and utility token for the Chain Protocol designed to vote on protocol improvements and various community-driven programs. $XCN is also utilized for discounts, premium access, and a payment method for commercial fees on Sequence and other Chain ecosystem products.

$XCN has a variety of use case applications within the Chain ecosystem, outside of voting on Chain Protocol and Chain DAO activities. Users can also stake $XCN to secure the protocol and earn rewards. Chain offers priority access to a suite of products, as well as discounts for our software services. $XCN can be used as a secure method of payment for the Chain Protocol as well.