Recap of the Onyx (XCN) integration to our platform, providing our users with the best opportunities to participate in the Onyx ecosystem.
About Onyx (XCN) Protocol
Onyx Protocol is a decentralized platform that facilitates a peer-to-peer money market lending protocol. The Onyx Protocol supports a variety of digital assets, such as Ether (ETH), ERC-20 tokens, ERC-721 tokens, and ERC-1155 tokens, which can be supplied or borrowed through an aggregated and unified balance, supported by non-custodial custody via decentralized smart contracts. Furthermore, NFTs can be supplied as collateral to enhance the borrowing capacity of the corresponding account.
Onyx Protocol’s underlying mechanism is powered by Onyx (XCN), a decentralized digital asset on the Ethereum & BNB Smart Chain blockchains that serves as both the protocol's governance and utility token. Credit lines accessed and borrowed through the Onyx Protocol do not have monthly payments or expiration dates, and they remain perpetual as long as the collateral is deemed sufficient.
MyCointainer Platform & Wallet Integration
Beginning today, community members can take advantage of the Onyx native token's utility on our platform. Deposits and withdrawals are processed on the BNB Smart Chain network, simplifying interactions with the platform wallet. This seamless integration ensures a user-friendly experience and promotes the growth and adoption of Onyx within the MyCointainer community.
Users can buy $XCN with card, and trade it against EUR, BTC, USDT, and major cryptocurrencies on MyCointainer Exchange App. We use multiple API points to guarantee our users the lowest prices from the market, making it easier to trade and save on fees.
The platform offers different coin bonuses for users who have successfully finished trading any pairs using the built-in exchange.
MyCointainer now supports $XCN on its Staking App, enabling users to earn passive income by holding and staking their assets. Earn an estimated 34.85% APY on your staked $XCN. With the implemented rewards auto-compounding system, your staking starts immediately after your coins are deposited, exchanged, or purchased with a card on MyCointainer.
MyCointainer is committed to providing our users with the best opportunities to participate in the blockchain ecosystem. With the addition of $XCN to our platform, we are excited to offer our users more ways to earn passive income and participate in the growth of the Onyx ecosystem.