Onyxcoin functions as the base within the Onyx Protocol, a decentralized platform designed for peer-to-peer lending and borrowing of various digital assets on the #Ethereum blockchain. It utilizes smart contracts for non-custodial transactions, ensuring security and transparency. Users supply digital assets, including Ether and different types of ERC tokens, into a unified pool from which they can borrow, using these assets or NFTs as collateral. Unique to Onyxcoin is its allowance for perpetual credit lines, provided users maintain sufficient collateral, eliminating traditional limitations such as deadlines or monthly payments. Additionally, #Onyxcoin serves a dual purpose: it acts as a governance token, giving holders voting rights over protocol decisions, and as a utility token, facilitating various activities within the system and maintaining its economic balance.What Makes Onyxcoin Unique?Onyxcoin sets itself apart in the decentralized finance arena through several distinctive features that foster user engagement, security, and convenience. A hallmark of its uniqueness is the governance model, where Onyxcoin holders can directly influence the trajectory of the Onyx Protocol through a structured system of voting and proposals, thereby ensuring a democratized control and continual securing of the platform. Another standout attribute is the incentivization of user participation via staking mechanisms, where users can stake their Onyxcoin holdings to earn rewards, sustaining the protocol’s economic vitality. Furthermore, Onyxcoin extends its utility beyond standard transactions, serving as a preferred medium for accessing Chain.com products with discounts.How Is the Onyxcoin Network Secured?#XCN is an ERC-20 token that was issued on the Ethereum blockchain. To protect its users, it takes advantage of the network's safety, transparency, and immutability.How Many Onyxcoin (XCN) Coins Are There in Circulation?XCN has a limited fixed supply of 48b tokens with 23b tokens in circulation. The remaining XCN tokens are distributed as follows: * 15,000,000,000 XCN allocated to the DAO * 10,000,000,000 XCN allocated to the Treasury.Onyx users can stake their tokens for a 41.85% return, at the time of writing in October 2023.

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 Onyxcoin (XCN), a decentralized digital asset on the Ethereum blockchain 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.#xcn #chain #eth #ERC20

Howard Lutnick, CEO of Cantor Fitzgerald, one of the important US-based financial services companies, stated that he is a Bitcoin maximalist and said that he also admires Tether.While #Bitcoin continues to firmly maintain its position as the largest cryptocurrency, when it comes to stablecoins, this seat belongs to USDT... Howard Lutnick, CEO of Cantor Fitzgerald, one of the most important asset management companies, said that he is a fan of these two cryptocurrencies.“Not like Ethereum or other layer 1s”Participating in a podcast of the US media CNBC, Lutnick said that cryptocurrencies and tokens other than Bitcoin and USDT are useless:“I'm a fan of cryptocurrencies, but to be more specific, I'm talking about Bitcoin. Only Bitcoin... I don't think other coins are of any use. Bitcoin's power comes from its decentralization. So it's not like #Ethereum or other layer 1 projects. “The only asset they cannot take away from you is Bitcoin.”“Tether has too many bonds”Expressing his admiration for the #Tether company and its token, USDT, the CEO said:“I'm also a fan of Tether. As a company, we hold the bonds they own. “They have too many bonds.”#btc #xcn

While the FED's interest rate decision to be announced today is awaited in Bitcoin, expectations are focused on the #FED keeping interest rates constant.The USA implemented a tightened monetary policy to combat increasing inflation since the end of 2021 and continued by increasing interest rates.While inflation began to cool down in the USA, which is struggling with the highest inflation of the last 40 years, the FED did not increase the interest rate in November and kept it constant between 5.25% and 5.5%.At this point, while all eyes are on the FED's interest rate decision to be announced today (UTC 19:00), expectations are once again focused on the FED keeping interest rates constant.As you may remember, Powell stated in his speech at Spelman College in Atlanta at the beginning of December that it was still early for interest rate cuts and easing. "It would still be early to conclude that we have reached a sufficiently restrictive stance or to comment on when policy may be eased." We are ready to tighten further if necessary, and the Fed will raise interest rates again if necessary to reduce inflation. The FED policy rate has entered the restrictive zone, but the FOMC continues to act cautiously.” He gave the message that they could progress more firmly.FOLLOW, DON'T MISS IMPORTANT INFORMATION!#btc #bitcoin #xcn #eth

The Bitcoin article written 10 years ago by Sam Altman, who was removed from his position as the CEO of OpenAI in the past weeks but was later reinstated, especially under the pressure of Microsoft, has been revealed. While praising Bitcoin's decentralization, Altman states that it could be a world currency, but also criticizes its use in speculative and anonymous transactions in those days.It was known that Sam Altman, the CEO of OpenAI, the company behind ChatGPT, had been following Bitcoin for a long time. A blog post that the famous manager wrote 10 years ago about the largest cryptocurrency has become the center of attention again these days.“Not without legal proceedings” In the article written on December 1, 2013, Altman touches on the importance of using Bitcoin legally worldwide and uses the following statements: “Maybe Bitcoin will fail, maybe it will turn into a world currency. Or it will remain a niche investment tool. In order for Bitcoin to become a world currency in the long term, its use in official and legal transactions must increase. An asset whose main use is illegal operations will eventually fail. Currently, Bitcoin's usage area appears to be speculation and illegal transactions. Its volume in legal transactions is still very low… Its usage here is generally to convert it into dollars… People still see Bitcoin as a method of money laundering. “The fact that legal businesses that accept Bitcoin immediately return to dollars after receiving it shows that there is little trust in it.”“The main goal is still to get rich quick…” Stating that when he was asked how to buy Bitcoin, he first asked, "Why do you want to buy Bitcoin?", Altman stated that everyone sees it as a tool to get rich quickly: “When my friends ask me how to buy Bitcoin, I also ask them why they want to buy Bitcoin before giving them a guide. They generally want to buy to get rich quickly. Acting thinking that someone else will pay you much more for that asset is actually no different from tulip madness. As long as these occur, Bitcoin cannot be a reserve currency. "But if you buy it as a hedge against inflation, if everyone does it in small amounts, that can happen."“I have never seen gold as an investment tool”Comparing gold, the most valuable metal, with Bitcoin, seen as digital gold, Altman slightly criticizes the yellow metal: “I have never seen gold as an investment tool. Some people do a lot of transactions with gold, while others see it as a show-off or ornamental material. “Many people I know prefer something they can hold in their hands to Bitcoin or other digital assets.”“Don't convert all your dollars to Bitcoin” At the end of his article, Altman states that it is not right for investors to buy Bitcoin with all their assets: “Don't buy Bitcoin with all your dollars. That would be stupid. It would also be foolish to ignore what happened. Track legal transaction volume in Bitcoin. “If this increases significantly then you can buy Bitcoin.”Altman also states that he also bought a small amount of Bitcoin for the long term as a hedge against inflation.DON'T NEGLECT TO FOLLOW TO GET MORE INFORMATION!

Satoshi Nakamoto, whose identity and even whether he is alive or not, appeared for the last time to the #Bitcoin community 13 years ago today and never returned.Satoshi Nakamoto... Perhaps he will go down not only in finance but also in world history and will be one of the most talked about names in the future. The creator of Bitcoin, which we know today as the person who started the cryptocurrency and block chain technology, wrote his last message on the Bitcointalk.org forum on December 12, 2010. In his last message to the community that day, Satoshi said, "We have more work to do against DoS attacks." DoS attacks are known as cyber attacks that aim to overload a network so that it cannot provide its services to users. Stating that he took various precautions against DoS attacks, Satoshi also stated that there were many attack methods and made warnings.Bitcoin was around $0.20Satoshi, who attended the forum in November 2009, was at the forefront with his active participation there. At that time, when Bitcoin was priced around $0.20, the network was still not resilient to DoS attacks, according to Satoshi.He also opposed Wikileaks: We will be in shamblesOn the other hand, those were the days when Wikileaks was most discussed and a lawsuit was filed against its founder, Julian Assange. While many people in the forum stated that Wikileaks should be supported, Satoshi stated that Bitcoin was not ready for this. Nakamoto said the following in his message on December 9 (2010): “No, I do not support this campaign. The project has to grow gradually. Only in this way can software become stronger. I call on Wikileaks not to use Bitcoin. This project is still in its infancy and lives with its small beta community. It cannot withstand taking more than 3-5 cents worth of Bitcoins in your pocket. This intensity would probably shatter us..." #SatoshiNakamoto who wrote a total of 575 messages in the forum, has neither written a message nor been online in the forum since that day.FOLLOW ME TO GET MORE INFORMATION!