Onyxcoin (XCN) is the decentralised governance and utility token of Onyx.
XCN holders can stake, vote, and pay for services on Onyx and Chain.com.
The Onyx DAO was granted 15 billion XCN to utilize on advancing blockchain and web3 initiatives to create open finance opportunities via the Onyx Protocol. They are locked inside a time lock smart contract with monthly releases of 200,000,000 XCN per month.
The DAO Treasury allocation is under the control of Onyx Governance Stakers who control these funds through community driven initiatives. The monthly budget passed on the last community constitution is 200,000,000 XCN
Onyx is a fully decentralised protocol powered by Onyxcoin (XCN).
Stake your XCN and secure protocol