Onyxcoin

Onyxcoin (XCN) Product Introduction

• Basic Overview: Onyxcoin (XCN) is the core cryptocurrency of the Onyx Protocol, powering Web3 and blockchain infrastructure. Onyx operates as a Layer 3 blockchain (XCN Ledger), built on Arbitrum and Base, aiming to deliver efficient decentralized finance (DeFi) and blockchain solutions.
• Technical Architecture: Onyxcoin operates on the XCN Ledger, leveraging the Layer 2 advantages of Arbitrum and Base for lower transaction costs and higher scalability. Its design focuses on modular DeFi systems, supporting customization and optimized user experiences.
• Features and Use Cases: XCN tokens serve multiple purposes within the Onyx ecosystem, including paying transaction fees, staking, voting, and earning rewards. Additionally, Onyx has introduced a points reward system (Onyx Points), allowing users to earn transparent on-chain rewards by participating in ecosystem activities.
• Ecosystem Benefits: Through its collaboration with Arbitrum Orbit, the Onyx ecosystem offers full-chain customization, Ethereum-level security, and reduced Gas fees, providing developers with a robust environment for building, while ensuring a smoother experience for users.
• User Incentives: Based on available information, Onyx offers various incentive mechanisms, such as Gas fee refunds for staking and voting, as well as discounts on partner products for XCN holders. Furthermore, initiatives like the Onyx Core Node Program and Ambassador Program encourage community engagement.
• Future Development: Onyx is committed to continuously enhancing its ecosystem by introducing new reward mechanisms and feature updates, further increasing user engagement and platform value, while contributing to innovation in the Web3 space.