Cryptocurrency Q&A
How does onyxcoin (xcn) work?
How does onyxcoin (xcn) work?
Carlo
Thu Jul 11 2024
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6 answers
1849
Could you elaborate on the workings of Onyxcoin (XCN)? I'm curious about its underlying technology and how it functions within the cryptocurrency ecosystem. Specifically, I'd like to understand its consensus mechanism, transaction validation process, mining rewards system, and any unique features that set it apart from other coins. Additionally, I'm interested in knowing how Onyxcoin addresses scalability, security, and privacy concerns within the industry. Could you provide a concise yet comprehensive explanation of how Onyxcoin operates?
6 answers
CharmedSun
Sat Jul 13 2024
Onyxcoin (XCN) tokenomics encompass an innovative distribution strategy, focusing initially on non-US and non-sanctioned users.
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Maria
Fri Jul 12 2024
The strategic reduction in total supply, along with the airdrop distribution method, aims to foster a vibrant and resilient Onyxcoin community that values the long-term success of the project.
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CryptoAlchemyMaster
Fri Jul 12 2024
Through the implementation of airdrops, XCN tokens are distributed equitably among a select group of recipients, ensuring widespread adoption and accessibility.
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JejuSunshineSoulMate
Fri Jul 12 2024
The total supply of Onyxcoin has undergone a significant reduction, totaling 48,470,523,779 units. This reduction is part of a strategic move to enhance the value and scarcity of the token.
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CryptoTamer
Fri Jul 12 2024
Currently, approximately 23 billion XCN tokens are in circulation, representing a substantial portion of the overall supply. This number ensures sufficient liquidity while maintaining a healthy balance between supply and demand.
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