Onyxcoin (XCN)
Unlock Schedule
Onyxcoin (XCN) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the Onyxcoin (XCN) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence XCN price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Onyxcoin’s design blends predictable supply with on-chain utility and governance.
Supply model
- Max supply: 68,892,071,756 XCN.
- Burned to date on Ethereum (reducing the live supply): approximately 20.49 billion XCN, leaving a total supply of about 48.4 billion XCN.
- Disclosures: the project publishes periodic updates and token distribution snapshots (e.g., timelocked and DAO-controlled balances). (docs.onyx.org)
A portion of network fees paid in XCN is burned, introducing a long-term deflationary pressure tied directly to usage. This creates a feedback loop: more on-chain activity can lead to more fees burned over time. (onyx.org)
Utility and governance
- Gas token: XCN pays for transactions and smart contract execution on the Onyx ledger.
- Governance: staked XCN participates in the Onyx DAO, influencing upgrades, parameter changes, and treasury allocations.
- Product access: XCN can be used for premium features across Chain.com’s infrastructure suite and other ecosystem services. (docs.onyx.org)
Networks and interoperability
XCN exists across multiple networks, including Ethereum, BNB Chain, Base, and the native Onyx L3. This multichain footprint lets users hold, bridge, and transact XCN where they already operate, while developers can compose applications across chains. (coinbase.com)
What can influence XCN price (educational context)
Over the long run, factors that can impact XCN price include network adoption, the pace of app development, token burns tied to fee usage, governance decisions (like emissions or incentives), and broader crypto market trends. These elements are structural and evergreen, independent of day-to-day quotes.
Assumptions
- Timelock start date approximated.
Official docs specify 200M per 30 days ending 2030-03-01 and current remaining balances; we infer a ~2023-12-25 start so that 75 epochs (≈15B) align with the stated end date and observed balances.
- DAO distributions modeled evenly at ≤200M/month from 2025-09 through 2026-10.
Docs define a monthly cap and rollover but actual releases depend on claims and OIPs; to provide monthly granularity we convert the remaining DAO balance into an equivalent linear schedule that respects the cap.
- No ongoing PoW/PoS issuance modeled.
Onyx L3 uses XCN as gas with a fee-burn mechanism; docs and contract references do not indicate chain-level mining/staking inflation. Staking rewards are funded from the DAO allocation, not new issuance.
- Genesis date used is contract verification date on Ethereum.
Exact TGE timestamp is not explicitly stated in docs; Etherscan shows the XCN (Chain) contract verified on 2022-03-07, used here as the genesis reference.
- 1. https://docs.onyx.org/token-distribution
- 2. https://docs.onyx.org/token-supply
- 3. https://etherscan.io/token/0xa2cd3d43c775978a96bdbf12d733d5a1ed94fb18?a=0x8f6ffec54c1e569c63992eb2dc4fae84e3792551
- 4. https://etherscan.io/token/0xa2cd3d43c775978a96bdbf12d733d5a1ed94fb18?a=0x28ca9caae31602d0312ebf6466c9dd57fca5da93
- 5. https://docs.onyx.org/utility-and-governance