Bitcoin price fell to $92,000 on February 3rd due to the tariff war initiated by the newly elected US President Donald Trump, who imposed tariffs on Mexico, Canada, and China. This triggered panic and a broad market sell-off. This decline led to the largest liquidation ever known in the crypto world, amounting to $2 billion. Traders with long positions were the ones who suffered the most, experiencing the biggest losses.
However, Bitcoin held support at $92,000 and bounced back above $100,000 shortly. Analysts predict that this could be an event after which the altseason can begin. While crypto enthusiasts are waiting for the altseason, numerous crypto projects are being launched, including Onyxcoin (XCN), which was just listed on the world’s fastest-growing crypto exchange, Bitunix, on February 4th.
What is OnyxCoin (XCN)?
Onyxcoin is a decentralized digital asset built on Ethereum as an ERC-20 token and it functions both as a currency for payments and discounts as well as a governance token within the ecosystem. Onyxcoin (XCN) is the core token of the Onyx Protocol, a blockchain system designed to improve financial services. XCN has multiple uses within the Onyx ecosystem. XCN holders can vote on important decisions about how the protocol develops, thus making this a community driven project.
XCN coin also provides benefits like discounts on premium services and access to special features. Moreover, users can stake XCN to earn rewards over time. It can also be used as a payment method within the Onyx ecosystem. Overall, XCN plays a key role in keeping the Onyx Protocol running smoothly and giving users more control over their financial activities. XCN coin’s market cap currently is 926.8 million as per Coinmarketcap.
Where to Buy OnyxCoin (XCN)?
XCN crypto can be purchased on the Bitunix exchange. The latter listed the Onyxcoin on the spot market on February 4th and users can buy it directly there through a very simple process. Bitunix is recognized among the safest crypto exchanges in the world and places great importance on transparency for users. It is also one of the exchanges with the lowest fees out there, with over 300 trading pairs, and offers a slick interface on desktop, as well as an advanced mobile app.
How to Buy OnyxCoin (XCN)?
Since Bitunix crypto exchange has listed XCN Token, it can be bought there. Buying Onyxcoin (XCN) on the Bitunix exchange is a simple process that can be completed in a few easy steps:
Create an Account or Log In – Sign up on Bitunix Exchange or log into the existing account.
Deposit Funds – Add funds to the exchange account by depositing USDT or other supported cryptocurrencies. Fiat deposits can also be made by using the “Buy Crypto” section.
Find the XCN Trading Pair – Navigate to the trading section, under “Spot Trading” and search for the XCN/USDT trading pair.
Place an Order – Choose the amount of XCN to buy. A market order to purchase instantly at the current price can be picked or a limit order to set the preferred buying price.
Confirm and Store – Once the order is executed, the purchased XCN tokens will appear in the Bitunix exchange wallet.
Onyxcoin (XCN) is an essential part of the Onyx Protocol, serving as a governance and utility token within its ecosystem. With its role in protocol improvements, staking, and payments, acquiring XCN can provide both financial and functional benefits to users engaged in the Onyx network.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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