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Onyxcoin

XCN

GBP

Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

About Onyxcoin

Onyx Protocol is an infrastructure for a multi-asset, shared, and cryptographically secure ledger. Onyx refers to a blockchain-based technology protocol that aims to develop and run a smarter and internally connected economy, with a mission to create cryptographic ledgers capable of improving existing financial products and services.

Onyxcoin (XCN) is a decentralized digital asset that operates on the Ethereum blockchain. It serves as the governance and utility token for the Onyx Protocol, a decentralized platform that facilitates peer-to-peer lending and borrowing of various digital assets. The Onyx Protocol supports a range of digital assets, including Ether (ETH), ERC-20 tokens, ERC-721 tokens, and ERC-1155 tokens. These assets can be supplied or borrowed through an aggregated and unified balance, supported by non-custodial custody via decentralized smart contracts. Onyxcoin (XCN) strives to enhance the borrowing capacity of the corresponding account by allowing NFTs to be supplied as collateral.

Onyxcoin operates within the Onyx Protocol, a decentralized platform designed for peer-to-peer lending and borrowing of various digital assets on the Ethereum blockchain. It uses smart contracts for non-custodial transactions.Users can supply digital assets, including Ether and different types of ERC tokens, into a unified pool from which they can borrow, using these assets or NFTs as collateral. Onyxcoin also serves a dual purpose: it acts as a governance token, giving holders voting rights over protocol decisions, and as a utility token, facilitating various activities within the system and maintaining its economic balance.

Onyxcoin has several potential use cases within the Onyx Protocol. As a governance token, it allows holders to influence the trajectory of the Onyx Protocol through a structured system of voting and proposals. This ensures a democratized control and continual securing of the platform. As a utility token, Onyxcoin facilitates various activities within the system and maintains its economic balance. It also serves as a preferred medium for accessing Chain.com products with discounts. Furthermore, Onyxcoin holders may stake their holdings to receive compensation, sustaining the protocol’s economic vitality.

Onyxcoin is a decentralized project launched by a group of developers. It is fully open-source and developed by the XCN community. The Onyx Protocol, powered by Onyxcoin, aims to support a broader segment of the digital asset space, including non-fungible tokens (NFTs). The protocol supports a variety of digital assets, which can be supplied or borrowed through an aggregated and unified balance, supported by non-custodial custody via decentralized smart contracts. The Onyx Protocol's underlying mechanism is powered by Onyxcoin (XCN), a decentralized digital asset on the Ethereum blockchain that serves as both the protocol's governance and utility token.

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Market

United Kingdom Market stats

Market cap

£31.1M

Volume (24h)

£7.3M

Circulating supply

30.8B XCN

Typical hold time

22 days

Popularity

#607

All time high

£0.14

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom Market performance

Price change (1h)

-2.59%

Price change (1d)

+10.5%

Price change (1w)

-2.25%

Price change (2w)

-8.41%

Price change (1m)

+6.83%

Price change (1y)

+43.01%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about Onyxcoin on social media

354 unique individuals are talking about Onyxcoin and it is ranked #409 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Onyxcoin has an average sentiment score of 3.3 out of 5. Finally, Onyxcoin is becoming more newsworthy, with 0 news articles published about Onyxcoin. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Onyxcoin. There were 38.03% of tweets with bullish sentiment compared to 14.79% of tweets with a bearish sentiment about Onyxcoin. 47.18% of tweets were neutral about Onyxcoin. These sentiments are based on 142 tweets.

On Reddit, Onyxcoin was mentioned in 52 Reddit posts and there were 90 comments about Onyxcoin. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

354 people

Posts

103 posts

Dominance

0.03%

Volume rank

#409

Average Sentiment

3.3 out of 5

Twitter

Reddit

Posts

52

Comments

90

Post Score

164

Comment Score

149

Onyxcoin is on the decline this week.

The price of Onyxcoin has decreased by 2.59% in the last hour and increased by 10.50% in the past 24 hours. Onyxcoin’s price has also fallen by 2.25% in the past week. The current price is £0.0010 per XCN with a 24-hour trading volume of £7.34M. Currently, Onyxcoin is valued at 99.28% below its all time high of £0.14. This all-time high was the highest price paid for Onyxcoin since its launch.

The current circulating supply of Onyxcoin is 30,790,293,735 XCN which means that Onyxcoin has as total market cap of 30,790,293,735.

FAQ

What is the current price of Onyxcoin?

We update our Onyxcoin to GBP currency in real-time. Get the live price of Onyxcoin on Coinbase.

What is the market cap of Onyxcoin?

The current market cap of Onyxcoin is £31.10M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Onyxcoin?

The all-time high of Onyxcoin is £0.14. This all-time high is highest price paid for Onyxcoin since it was launched.

What is the 24 hour trading volume of Onyxcoin?

Over the last 24 hours, the trading volume of Onyxcoin is £7.34M.

What other assets are similar to Onyxcoin?

Assets that have a similar market cap to Onyxcoin include Dego Finance, Mdex, Clover Finance, and many others. To see a full list, see our comparable market cap assets.

How many Onyxcoin are there?

The current circulating supply of Onyxcoin is 31 billion.

What is the typical holding time of Onyxcoin?

The median time that Coinbase customers hold Onyxcoin before selling it or sending it to another account or address is 22 days.

What is the relative popularity of Onyxcoin?

Onyxcoin ranks 139 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Onyxcoin?

Currently, 96% of Coinbase users are buying Onyxcoin. In other words, 96% of Coinbase customers have increased their net position in Onyxcoin over the past 24 hours through trading.

Can I buy Onyxcoin on Coinbase?

Yes, Onyxcoin is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Onyxcoin guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024