ONYXCOIN (XCN) טוקנומיקה

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:

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.