OnyxCoin (XCN), the Primary Token of the Onyx Protocol, Now Available on Bitunix Spot Market

Bitcoin's value dropped to $92,000 on February 3rd, influenced by the trade war launched by the newly elected US President Donald Trump, who imposed tariffs on Mexico, Canada, and China. This caused widespread panic and a significant market sell-off. The downturn resulted in the largest liquidation recorded in the crypto space, amounting to $2 billion. Traders with long positions sustained the most substantial losses.

Despite this, Bitcoin maintained support at $92,000 and soon rebounded above $100,000. Experts suggest this might signal the start of the altseason. As crypto aficionados anticipate this period, numerous crypto projects are being introduced, including Onyxcoin (XCN), which was recently listed on Bitunix, the world's fastest-growing crypto exchange, on February 4th.

Understanding OnyxCoin (XCN)

Onyxcoin is a decentralized digital asset, created as an ERC-20 token on the Ethereum blockchain. It serves dual purposes: as a payment and discount currency, and as a governance token within its ecosystem. Onyxcoin (XCN) is the fundamental token of the Onyx Protocol, a blockchain framework aimed at enhancing financial services. Within the Onyx ecosystem, XCN is versatile, allowing its holders to participate in critical decision-making about the protocol's future, thereby fostering a community-centric initiative.

XCN offers advantages such as discounts on premium services and access to exclusive features. Users can also stake XCN to earn rewards over time. Furthermore, it serves as a payment method within the Onyx ecosystem. In essence, XCN is vital for ensuring the smooth operation of the Onyx Protocol and empowering users with greater control over their financial activities. According to Coinmarketcap, the market cap of XCN stands at 926.8 million.

Where Can You Purchase OnyxCoin (XCN)?

You can buy XCN on the Bitunix exchange. Bitunix integrated Onyxcoin into its spot market on February 4th, allowing users to purchase it directly through an easy process. Known as one of the safest crypto exchanges globally, Bitunix emphasizes user transparency. It also offers low fees, more than 300 trading pairs, and a sleek interface on both desktop and mobile platforms.

Steps to Purchase OnyxCoin (XCN)

With the XCN Token now listed on the Bitunix crypto exchange, buying Onyxcoin (XCN) there is straightforward. Follow these simple steps to complete your purchase:

1. Create an Account or Log In – Register on Bitunix Exchange or access your existing account.

2. Deposit Funds – Add funds to your exchange account by depositing USDT or other supported cryptocurrencies. You can also make fiat deposits through the “Buy Crypto” section.

3. Find the XCN Trading Pair – Go to the trading section, click on “Spot Trading,” and search for the XCN/USDT trading pair.

4. Place an Order – Decide the amount of XCN you wish to purchase. You can choose a market order to buy instantly at the current price or set a limit order for your desired price.

5. Confirm and Store – After the order is executed, the acquired XCN tokens will appear in your Bitunix exchange wallet.

Onyxcoin (XCN) is a crucial component of the Onyx Protocol, acting as both a governance and utility token within its network. By participating in protocol enhancements, staking, and payments, obtaining XCN can offer users within the Onyx community both financial and practical advantages.