ONYXCOIN (XCN) טוקנומיקה

Onyxcoin (XCN) is the native utility and governance token of the Chain 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, provide access to premium services, and ensure long-term value preservation through controlled supply mechanisms.

Issuance and Supply Mechanism

The Onyxcoin ecosystem has undergone significant supply adjustments to align with its long-term economic goals. The total supply of XCN was reduced to 48,470,523,779 units. As of early 2025, approximately 26.65 billion XCN are in circulation.

The issuance and supply management are characterized by:

• Controlled Inflation: The protocol utilizes a controlled release of tokens to ensure trustworthy inflation and value preservation.
• Airdrop Distribution: Initial distribution was conducted through airdrops to non-US and non-sanctioned users to bootstrap the network.
• DAO Control: A significant portion of the supply is managed by the Onyx DAO to fund future development and ecosystem stability.

Allocation Mechanism

The distribution of XCN is divided between circulating supply and DAO-controlled reserves to balance immediate liquidity with long-term project sustainability.

Usage and Incentive Mechanism

XCN serves as the primary instrument for facilitating organic functions within the Chain protocol ecosystem. Its utility is multi-faceted, covering governance, payments, and financial incentives.

Core Utilities

• Governance: XCN holders have the right to vote on protocol improvements and changes proposed within the Onyx DAO. This creates a sense of co-determination and ownership among community members.
• Payment for Services: The token is used to pay for services across the Chain protocol ecosystem, including cloud infrastructure access.
• Discounts and Premium Access: Holding or using XCN grants users access to discounts on protocol fees and entry into premium service tiers.

Incentives and Passive Income

• Staking Rewards: Users can stake their XCN tokens to earn rewards. This mechanism encourages long-term holding and active participation in network security.
• Lending and Yield: XCN can be utilized in lending protocols or stored in exchange-based "Earn" programs to generate passive income.
• Node Operation: Organizations and individuals can support the platform by operating network nodes, using their computing power to maintain the decentralized infrastructure.

Locking Mechanism and Unlocking Time

To prevent market shocks and ensure the core team and DAO remain aligned with the project's success, Onyxcoin employs a time-locked smart contract for its reserves.

• DAO Time-Lock: Out of the 25 billion XCN controlled by the Onyx DAO, 15 billion XCN are placed in a time-locked smart contract.
• Gradual Unlocking: These tokens are released gradually over time rather than in a single lump sum. This structured release is intended to manage the circulating supply and mitigate potential sell pressure.
• Governance-Driven Changes: While the current roadmap and tokenomics are defined in the project's whitepaper, the Onyx DAO has the authority to propose and vote on changes to these mechanisms as the market and community needs evolve.

Ecosystem Roadmap and Future Utility

The Onyx DAO continues to expand the utility of XCN through several upcoming financial products and features:

• Fixed-rate borrowing and flash loans.
• Bid-based auction systems and "Buy Now, Pay Later" NFT services.
• Vaults for specific assets like ApeCoin and BAYC/MAYC NFTs.
• Real World Assets (RWA) integration and multi-chain expansion.