Here are more information about Onyx protocol and XCN token.
Formerly known as Chain Protocol is rebranded and extended to Onyx Protocol for broader adoption of decentralization by passing the government proposal CIP-7.
As the result of execution of the proposal, Chain Protocol and Chain Token are rebranded as Onyx Protocol, Onyxcoin respectively while the token symbol “XCN” remains the same.
Onyxcoin (XCN) has a variety of use case applications within the Onyx ecosystem, outside of voting on Onyx Protocol and Onyx DAO activities. Users can also stake XCN to secure the protocol and earn rewards. XCN is also utilized for priority access to Chain.com’s suite of products, as well as discounts on software services and can be used as a secure method of payment for Chain.com products.