Onyx Protocol Announces Partnership with MyCointainer and Earn Network
Onyx Protocol has partnered with MyCointainer and Earn Network to offer enhanced staking opportunities and cheaper transaction fees for XCN token holders. Here are the key points of the announcement:
– Earn Network will provide staking opportunities for XCN on BNB Smart Chain, with potential APY of up to 40% for staked tokens.
– Users can choose between Flexible Staking and Locked Staking. Flexible Staking allows users to deposit and withdraw tokens at any time, while Locked Staking involves staking tokens for a specific lock-up period.
– Onyx will offer 15-day and 30-day lock-up periods for Locked Staking, with higher rewards compared to Flexible Staking.
– All ETH fees collected for bridging XCN from ERC20 to BEP20 will be refunded as part of the gas refund initiative.
– Onyx will launch a dedicated profile dashboard on MyCointainer, with other products under development including wallet integration, a staking mechanism, and a ‘Buy XCN with card’ functionality.
– Onyx also plans to introduce an XCN trading service and extensive marketing activities.
This partnership aims to provide XCN holders with more options for staking and accessing liquidity, while also facilitating global crypto adoption. Stay tuned for further updates from Onyx Protocol.
Hot Take:
The partnership between Onyx Protocol, MyCointainer, and Earn Network is a significant development for XCN token holders. The enhanced staking opportunities and cheaper transaction fees will attract more users and potentially increase the value of XCN. The introduction of new features and services, such as the profile dashboard and ‘Buy XCN with card’ functionality, will further improve the accessibility and usability of XCN. It’s an exciting time for the Onyx community as they continue to expand their ecosystem and provide valuable solutions for digital asset holders.
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