[PRESS RELEASE – Sweden, Götaland, July 3rd, 2023]
Onyx Protocol is in the present day asserting an thrilling new partnership with MyCointainer and Earn Community. By the initiative, Earn Community will provide enhanced staking alternatives on the BNB sensible chain and cheaper transaction charges for the XCN token. XCN holders can probably earn 40% APY on their tokens when they’re at stake.
A partnership with Earn Community will see the launch of a devoted decentralized staking pool by Onyx for XCN on the BNB sensible chain. Every person can have the chance to stake their XCN tokens utilizing two formal staking processes, versatile or locked.
Versatile staking describes a staking pool during which customers can deposit and withdraw tokens at any time with none restrictions or lock-up durations. It gives flexibility and fluidity, with rewards being distributed frequently. Customers can select to compound their earnings by leaving their rewards within the pool or withdrawing them.
Locked staking, also called fixed-term or time-locked staking, entails staking tokens for a selected lock-up interval. Onyx will provide two choices right here: 15-day and 30-day set staking durations. Customers can not withdraw their stacked tokens till the lock-up interval expires. In change for committing their tokens for an extended time period, contributors usually obtain greater staking rewards in comparison with versatile staking.
All ETH charges collected for bridging XCN from ERC20 to BEP20 will likely be refunded as a part of the continued fuel refund initiative. Onyx just lately revealed an in-depth bridging article and can now share extra particulars relating to the staking course of by way of the Earn Community.
Onyx’s partnership with MyCointainer can even launch a devoted profile dashboard. This may function a central hub for all Onyx-related merchandise on the platform. Different merchandise underneath growth embrace pockets integration, a deposit and withdrawal facility of XCN processed on the BNB sensible chain, and a staking mechanism based mostly on sensible contracts powered by Earn. This may allow XCN rewards on the platform for 1000’s of potential customers.
Onyx additionally intends to introduce a MasterCard and Visa onramp for XCN, an XCN buying and selling service providing pairs in EUR, USDT and BTC, and a ‘Purchase XCN with Card’ performance to supply in depth advertising and marketing actions. Regulate Onyx’s Socials for the most recent updates!
Concerning the Onyx protocol
The Onyx protocol represents a decentralized liquidity protocol that helps a number of token sorts with built-in and unified capital entry. This protocol solves the capital effectivity trilemma and eliminates the only factors of failure inherent in centralized protocols. In contrast to different lending protocols, the Onyx protocol gives transparency and trustless lending, making it a more sensible choice for digital asset holders to entry and earn liquidity.
About Earn Community and MyCointainer
Earn Community offers a sensible contract infrastructure to attach liquidity suppliers and pool creators in a totally non-custodial method. The aim of MyCointainer is to allow easy accessibility to numerous useful crypto mechanisms for all. They need everybody to learn equally from the altering monetary panorama and speed up world crypto adoption.
Binance Free $100 (Unique): Use this hyperlink to register and get $100 free and 10% off your first month on Binance Futures (Situations).
PrimeXBT Particular Supply: Use this hyperlink to register and enter code CRYPTOPOTATO50 to stand up to $7,000 in your deposit.
