Onyxcoin Price

Onyxcoin is a cryptocurrency that powers the Onyx Protocol, a web3 blockchain infrastructure platform. As the native token of the ecosystem, XCN serves multiple functions: 1. Governance: Holders can vote on protocol improvements and community initiatives. 2. Staking: Users can stake XCN to earn additional rewards. 3. Utility: XCN is used for payments, discounts, and accessing advanced services within the Onyx ecosystem. 4. Interoperability: The XCN Bridge allows seamless transfer between Ethereum and other supported blockchains. Key facts about XCN: - Current price: $0.005179 - 24h change: -2.63% - Market cap: $197.59M - Circulating supply: 38.15B XCN - Total supply: 48.4B XCN - All-time high: $0.1841 (May 27, 2022) - All-time low: $0.0007055 (October 12, 2023) XCN aims to facilitate the development of decentralized applications and enable cross-chain communication through Onyx's core infrastructure. As adoption of the Onyx Protocol grows, XCN is positioned to play a central role in the expanding web3 ecosystem.

Onyxcoin was created in October 2021. The project officially launched on October 31, 2021, introducing XCN as its native cryptocurrency token. Since then, Onyxcoin has become an important part of the Onyx Protocol ecosystem, powering various functionalities within the network including governance, staking, and payments for services. As of 2026-05-02, Onyxcoin has a market cap of $197.59M and is ranked 201 among all cryptocurrencies.

The founders of Onyxcoin are Adam Ludwin, Devon Gundry, and Ryan Smith. They established Chain, the company behind XCN, in 2014 with the mission of building blockchain infrastructure for financial services. Adam Ludwin served as the initial CEO, bringing his experience from RRE Ventures. Devon Gundry and Ryan Smith contributed their technical expertise to develop the core blockchain technology. Under their leadership, Onyxcoin has grown into a prominent player in the Web3 and cryptocurrency space, partnering with major financial institutions to implement blockchain solutions. The founding team's vision was to create a more efficient and interconnected financial system through blockchain technology, which continues to drive Onyxcoin's development and adoption today.

Onyxcoin operates on a blockchain infrastructure powered by the XCN token. Here's how it works: 1. Blockchain Protocol: Onyxcoin uses a shared, multi-asset crypto ledger that supports multiple independent networks operating interactively. 2. Asset Issuance: Network participants can define and issue assets by creating custom 'publishers'. 3. Smart Contracts: Assets are controlled by 'control procedures' written in Turing-complete languages, enabling complex smart contracts. 4. Consensus Mechanism: Networks are secured by a 'block signer' alliance to prevent forks. A single 'block generator' creates blocks for efficiency. 5. Utility: XCN tokens are used for governance voting, staking rewards, and payments within the Onyxcoin ecosystem. 6. Cross-Chain Functionality: The XCN Bridge allows seamless transfer of XCN tokens between Ethereum and other supported blockchains. 7. Ecosystem Applications: Onyxcoin provides cloud blockchain infrastructure, ledger-as-a-service, and NFT services for developers and enterprises. As of 2026-05-02, XCN has a circulating supply of 38.15B XCN with a current price of $0.005179. The token's market cap stands at $197.59M, ranking it 201 among cryptocurrencies.

Onyxcoin utilizes a multi-layered technical architecture: 1. Core Protocol Layer: Implements the shared, multi-asset crypto ledger that supports coexistence of multiple independent networks. 2. Smart Contract Layer: Allows defining custom asset issuance and control programs using Turing-complete languages. 3. Consensus Layer: Uses a quorum of block signers to prevent forks, with a single block generator for efficiency. 4. Network Layer: Enables any node to verify blocks and submit transactions. 5. Application Layer: Provides APIs and SDKs for building financial services and Web3 applications. 6. Cloud Infrastructure: Offers Chain Cloud for public blockchain access and Sequence as a ledger-as-a-service. This architecture allows Onyxcoin to serve as a flexible blockchain infrastructure for building financial products and services, with a focus on performance, scalability and interoperability between networks. The XCN token is used for governance, staking, payments and accessing ecosystem services.

The future and roadmap of Onyxcoin (XCN) looks promising. Key developments include: 1. Expanding ecosystem: Onyxcoin aims to enhance its blockchain infrastructure and develop more Web3 services and DeFi products. 2. Interoperability: The recent launch of XCN Bridge enables seamless transfer of XCN tokens across multiple blockchains, improving cross-chain functionality. 3. Governance enhancements: Plans to increase community participation in protocol improvements and decision-making through XCN token voting. 4. Partnerships: Continuing to forge strategic partnerships with major financial institutions and tech companies to drive adoption. 5. Product development: Focus on improving existing services like Chain Cloud and Sequence, while launching new blockchain-based solutions. 6. Scalability upgrades: Ongoing work to enhance network performance and transaction throughput. 7. Global expansion: Efforts to expand Onyxcoin's presence in key markets worldwide. 8. Sustainability initiatives: Commitment to environmentally-friendly blockchain solutions. The team is dedicated to positioning Onyxcoin as a leading blockchain infrastructure provider. While specific price predictions are uncertain, continued development and adoption could potentially drive XCN value growth in the coming years.