Cryptocurrency Q&A
What is Onyx token?
What is Onyx token?
Bianca
Thu Nov 07 2024
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7 answers
1307
Onyx token is a community-driven cryptocurrency established to serve cat lovers and fans. It utilizes the Binance Smart Chain for its blockchain network, enabling users to purchase tokens with lower fees and trade on a popular network. Onyx aims to provide necessary utilities for long-term goals, including staking, NFTs, and a metaverse game. However, the project has recently faced security incidents and regulatory challenges.
7 answers
QuasarStorm
Sat Nov 09 2024
The voting mechanism allows XCN holders to have a say in the direction and development of the Onyx platform.
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Luca
Sat Nov 09 2024
Onyxcoin, abbreviated as XCN, serves as the cornerstone of Onyx's decentralised ecosystem.
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SamuraiWarrior
Sat Nov 09 2024
This democratic approach ensures that the community's voice is heard and that the platform evolves in a way that benefits all users.
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Caterina
Sat Nov 09 2024
It functions as both a governance and utility token, enabling holders to actively participate in the platform's decision-making processes.
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Rosalia
Sat Nov 09 2024
In addition to its governance capabilities, XCN also serves as a medium of exchange within the Onyx ecosystem.
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