Onyxcoin (XCN)
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About XCN
Onyx (XCN) is the native token of the Onyx network, a high-performance Layer 3 blockchain designed to deliver scalable, customizable, and interoperable infrastructure for decentralized applications and institutional finance. Built on Arbitrum Orbit and secured by Coinbase’s Base Layer 2, Onyx combines Ethereum-grade security with modular execution environments optimized for real-world utility. By leveraging Arbitrum’s rollup technology and AnyTrust’s data availability layer, Onyx achieves high transaction throughput, low gas fees, and fast finality while preserving decentralization. It allows developers and enterprises to deploy specialized rollups with customizable governance, gas models, and consensus mechanisms tailored to their specific needs. Onyx is EVM-compatible and supports seamless cross-chain communication with Ethereum and other Layer 2 and Layer 3 networks. The network’s native asset, XCN, functions as the gas token for transaction fees and smart contract execution. It also serves as a staking and governance token, empowering holders to participate in protocol upgrades and strategic decisions via the Onyx DAO. This governance model ensures that the platform evolves in alignment with the needs of its users, developers, and institutional partners. With its modular Layer 3 architecture, enterprise-grade scalability, and focus on security and efficiency, Onyx aims to lead the next generation of blockchain innovation. It provides a powerful foundation for DeFi platforms, asset tokenization, digital payments, and other high-throughput applications seeking to integrate Web3 infrastructure into large-scale operations.
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Frequently Asked Questions about Onyxcoin
What is Onyx?
Onyx is a Layer 3 blockchain designed for high-performance, low-cost decentralized applications. Built on Arbitrum Orbit with Base as its settlement layer, Onyx combines Ethereum-grade security with enterprise-grade scalability and customization.
Where can I buy Onyxcoin (XCN) tokens?
XCN tokens can be purchased on popular cryptocurrency exchanges, including Coinbase, Kraken, KuCoin, Gate.io, and HTX.
Where can I store Onyxcoin (XCN) tokens?
Native XCN can be added to MetaMask and other EVM-compatible wallets after configuring the wallets for the network. XCN on Ethereum and BNB Smart Chain can be stored in compatible wallets such as Bitcoin.com Wallet, MetaMask, Trust Wallet, Ledger, Trezor, and Coinbase Wallet.
How do I add Onyx network to MetaMask?
To add Onyx blockchain to MetaMask, open the networks menu, click "Add network" and enter the following details. Network Name: Onyx; RPC: https://rpc.onyx.org; Explorer: https://explorer.onyx.org; Chain ID: 80888; Symbol: XCN.
What is the role of XCN in the Onyx ecosystem?
XCN is the native gas token used to pay for transactions and smart contract execution on the Onyx network. It also powers staking and decentralized governance through the Onyx DAO.
What is unique about Onyx being a Layer 3 blockchain?
Unlike general-purpose Layer 1 or Layer 2 networks, Onyx provides customizable execution environments tailored for specific use cases. It supports high-throughput applications like institutional finance, DeFi, and real-world asset tokenization while maintaining interoperability with Ethereum.
How does Onyx achieve scalability?
Onyx leverages Arbitrum Orbit’s rollup framework and AnyTrust’s data availability model to maximize throughput and reduce costs. It offloads computation and data storage while preserving Ethereum’s security guarantees.
What is the relationship between Onyx and Base?
Base, a Layer 2 blockchain built on the OP Stack, serves as Onyx’s settlement and economic security layer. It provides efficient transaction finality, low fees, and deep Ethereum integration for Onyx’s Layer 3 operations.
Can developers build custom applications on Onyx?
Yes. Onyx allows developers to deploy dedicated rollups with custom governance, gas fee models, and network parameters. This modular architecture is ideal for high-performance, enterprise-grade decentralized apps.
How is governance managed on Onyx?
Governance is managed by the Onyx DAO. XCN token holders can propose and vote on protocol upgrades, parameter changes, and ecosystem initiatives, ensuring community-led development and adaptability.
What use cases is Onyx optimized for?
Onyx is designed for institutional finance, decentralized applications, DeFi platforms, real-world asset tokenization, and other high-performance use cases that require scalable and customizable blockchain infrastructure.