# Onyxcoin (XCN): D-Score 44/100 — Moderately Decentralized

**BlockIndex D-Score: 44/100 (Moderately Decentralized).** Onyxcoin (XCN) is a Layer 1 cryptocurrency using PoS consensus. Onyxcoin: Enterprise-grade PoS blockchain with on-chain DAO governance, scalable multi-asset ledger and ERC-20 market representation.

_Source: https://blockindex.ai/coin/xcn · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 44 |
| Node distribution | 10 |
| Initial distribution | 0 |
| Governance | 20 |
| Age and history | 9 |
| Autonomy | 5 |

## Key facts
- Layer: Layer 1
- Consensus: PoS (Other)
- Launch: Other (2022)
- Founder: Adam Ludwin
- VC funded: No
- Max supply: 68,892,071,757
- Circulating: 38,535,459,011 (55.9%)

## Market data (as of 2026-06-19)
- Price: $0
- Market cap: $151.74M
- 24h volume: $6.31M
- 24h change: -3.28% · 7d change: +2.98%

## About
Onyxcoin (XCN) is described in the provided materials as the native cryptocurrency of the Onyx Protocol, an enterprise-focused web3 ledger designed for multi-asset financial services and governance-enabled applications. The project emphasizes security, scalability and usability for organizations building financial products and DAO-driven governance. The sources portray Onyx as having both a native protocol token and an ERC-20 market representation to facilitate liquidity on Ethereum-based DEXs and aggregate listings. The project's public profile is defined by a 2022 launch (CryptoCompare lists 2022-03-07) and a governance-led rebrand in January 2023 from "Chain" to "Onyx", a process that included formal proposals, token burns and timelock extensions.

Technically Onyx is presented as a Proof-of-Stake (PoS) ledger that supports multi-asset accounting and smart-contract functionality aimed at enterprise use cases. The documentation available in the extracts is high-level: it highlights a scalable cryptographic ledger and on-chain governance primitives (Onyx DAO) but does not include full developer resources such as repository links, RPC endpoints, or a detailed whitepaper in the provided files. The project materials repeatedly reference on-chain voting for protocol changes, timelock mechanics and supply management operations (notably the rebrand-era burns) as part of the protocol's toolkit for governance and monetary adjustments.

In terms of use cases and ecosystem integration, Onyx positions itself as an infrastructure layer for financial services and enterprise-grade Web3 applications where governance, compliance and predictable monetary controls are important. The token XCN is used for on-chain governance and community initiatives; market pages indicate active CEX and DEX liquidity channels (CoinMarketCap, CryptoCompare, CoinGecko references). The supplied extracts show Onyx tracked across major analytics platforms and listed on Tier-1 centralized exchanges and Uniswap in DEX mode, which enables trading via both native protocol liquidity and ERC-20 liquidity pools.

Tokenomics data in the extract shows a max supply figure (CoinMarketCap: 68,892,071,757 XCN) and circulating / total supply snapshots (circulating ≈ 36.4B, total ≈ 48.4B), with a circulating percentage reported around 52.85%. Market snapshots included in the sources show price levels in the $0.0047 range at the time of extraction, a market cap snapshot of roughly $171.62M and a 24h volume snapshot near $12.15M. The rebrand event in January 2023 included governance-directed token burns and timelock policy changes; beyond those actions the materials do not present a granular issuance schedule or a detailed inflation/deflation algorithm in the provided files.

Governance is explicitly on-chain: the documents reference an Onyx DAO and token-holder voting for protocol updates and treasury/monetary decisions. The sources do not provide a complete organizational or legal structure beyond references to the historic "Chain" brand and onyx.org as the project site; a company presence is suggested in scraped official-site material while the governance apparatus is described as a DAO. The available documentation therefore supports an interpretation of Onyx as a governance-first, enterprise-focused PoS ledger with active market listings and an ERC-20 liquidity representation, but further technical due diligence (whitepaper, full node specs, genesis allocations, and audited treasury records) would be required to complete a full on-chain security and economic analysis.

## Links
- Website: https://onyx.org/
- Whitepaper: N/A
- GitHub: N/A

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore