XCN

Onyxcoin (XCN) is a decentralized digital asset that serves as the governance and utility token for the Onyx Protocol. This protocol is a decentralized platform that facilitates peer-to-peer lending and borrowing of various digital assets, including non-fungible tokens (NFTs).

Key Features:
Decentralized Governance: XCN holders have voting rights on the platform’s development and decision-making processes.
Utility Token: XCN is used to pay for services within the Onyx Protocol ecosystem, such as transaction fees and platform access.
Staking: XCN holders can stake their tokens to earn rewards and participate in network security.
Peer-to-Peer Lending: The Onyx Protocol, powered by XCN, enables users to lend and borrow digital assets directly from each other, bypassing traditional financial intermediaries.
How Onyxcoin Works:
Token Creation: Users can create tokens representing various assets on the Onyx platform.
Lending and Borrowing: Token holders can lend their assets to others in exchange for interest, while borrowers can obtain loans against their collateral.
XCN Utility: XCN is used to pay transaction fees and access platform services.
Governance: XCN holders participate in the platform’s governance by voting on proposals.
Benefits of Onyxcoin:
Decentralization: Removes intermediaries, offering greater control and transparency.
Financial Inclusion: Provides access to financial services for those traditionally excluded.
Diverse Asset Support: Allows for lending and borrowing of various digital assets, including NFTs.