Projects listed: 276 |
BTC Dominance: 51.40% | Volume (24h): $40,670,912,098 | Market Cap: $2,209,575,468,439
Onyxcoin
XCN
$0.00
Sector
Web 3.0
Exchange Debut
2022-03-15
Market Cap
38,594,454
Maxim Supply
48,470,523,779
Circulating Supply
30,416,479,287
Circ. Supply(%)
62.75%
Onyxcoin
XCN
Price
$0.00
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
1672421
0.001318235015
0.001265126316
Change 24h
Change 7d
Change 30d
-3.3906
1.4252
5.9847
Maxim supply
Circulating supply
Circulating supply(%)
48,470,523,779
30,416,479,287
62.75%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Onyxcoin cryptocurrency:
In our fundamental analysis of the Onyxcoin cryptocurrency, it emerges as a web3 blockchain platform that sets itself apart by enabling organizations to develop robust financial services from scratch. This unique capability has earned it a decent overall score of 6.4 out of 10 in our analysis. Despite some limitations, such as its ecosystem development status and the team’s experience, the Onyxcoin cryptocurrency projects a promising future trajectory, largely due to its high utility and rigorous audit and security mechanisms.
SOCIAL & MASS MEDIA: Score 6.35 out of 10
The fundamental analysis of the Onyxcoin cryptocurrency reveals moderate performance in the realm of social and media engagement. Although the project has demonstrated a strong capacity to attract followers and generate community activity on social media pages, it shows room for improvement in terms of media presence and the size of communities on chat groups. It is crucial for the team to focus on these areas, to foster better engagement and improve the visibility of the project.
AUDIT & SECURITY: Score 8.1 out of 10
Onyxcoin demonstrates commendable results in audit and security, underpinned by a transparent information model and strong audit results. However, it lacks liquidity on exchanges, which can be a potential challenge for traders and investors. Despite this, the secure nature of the platform can drive the fundamental analysis of the Onyxcoin cryptocurrency towards a positive trajectory.
TOKENOMICS: Score 6.18 out of 10
The tokenomics of the Onyxcoin cryptocurrency reflect a moderately inflationary project. However, the centralization of its monetary mass is relatively high, which can lead to potential risks in terms of distribution and control of tokens. This necessitates a reevaluation of the distribution mechanism to make it more decentralized.
ECOSYSTEM DEVELOPMENT: Score 4.6 out of 10
The development of the Onyxcoin ecosystem has been lackluster, as it has shown slow progress in achieving its objectives and planning for new developments. This signifies a need for strategic planning and execution to enhance the platform’s potential and improve its score in the fundamental analysis of the Onyxcoin cryptocurrency.
TEAM & DEVELOPERS: Score 2.8 out of 10
While the project boasts a significant number of software developers, it falls short in terms of team experience. It is paramount that the project attracts more seasoned players from the industry to provide strategic guidance and leverage their experience for the growth of Onyxcoin.
PRODUCT & UTILITY: Score 8.8 out of 10
The Onyxcoin project shines in the utility of its product and tokens. The project’s capability to offer robust financial services and maintain a scalable and user-friendly smart contract platform gives it a strong standing in the fundamental analysis of the Onyxcoin cryptocurrency.
PARTNERS & INVESTORS: Score 7.5 out of 10
The project has a decent array of partners and investors, which bolsters its credibility and financial strength. By attracting more strategic partners and investors, the project can further consolidate its position in the crypto market.
Fundamental analysis of the Onyxcoin cryptocurrency – The final conclusion
Based on the fundamental analysis of the Onyxcoin cryptocurrency, it appears to be a project with potential but one that also needs strategic enhancements. It boasts excellent utility and strong security measures, two factors crucial for a successful blockchain platform. However, the lack of experience within the team and underdeveloped ecosystem might pose risks to potential investors. Therefore, an investment into Onyxcoin would need careful consideration of these factors and continuous monitoring of the project’s improvements and advancements. If the team can address these issues while capitalizing on its product utility and security measures, Onyxcoin could offer a considerable investment opportunity.
Understanding Onyxcoin (XCN)
Onyxcoin (XCN), formerly known as Chain, is a web3 blockchain platform founded in 2014 that empowers organizations to build comprehensive financial services from the ground up. It offers a distributed, multi-asset, cryptographic ledger that enables networks to interact and share data seamlessly. Onyxcoin’s fundamental analysis shows a strong commitment to addressing the challenges of the global financial system through innovative solutions.
Unique Features of Onyxcoin
What makes Onyxcoin unique is its cloud and API architecture for permissioned ledgers. This architecture is affordable and provides a variety of node options for users to access RPC APIs and web sockets. Users can leverage XCN tokens to pay for services and products on the platform, demonstrating the utility of this cryptocurrency.
The Power of XCN Tokens and Onyx DAO
Onyxcoin stands out with features such as staking XCN tokens that allow users to vote on network changes proposed by the community and earn staking rewards. Through the Onyx DAO, XCN token holders control the network with on-chain proposals and voting, and manage the Treasury with their tokens. The DAO adds a layer of democratic governance to the platform, underlining the importance of the community in the fundamental analysis of the Onyxcoin cryptocurrency.
Where Can You Buy Onyxcoin – XCN?
XCN can be purchased on cryptocurrency exchanges such as Kucoin, Coinbase and Gate.io.
All you need to do is create a free account on any of these exchanges and start trading.
- Latest analysis update: June 17, 2023
Onyxcoin - XCN performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
