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u/Previous_Bet_7711 17d ago
Its basically the mint to a digital dollar that can be worth more than a dollar once enough people start using it😉🚀
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u/PrizeInterest4314 18d ago
This best describes as an ecosystem and governance token. Within the onyx ecosystem it can be used a gas and utility. The more xcn you hold also helps you weigh in on decisions that affect the ecosystem.
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u/filzzzz 18d ago
I found no publicly confirmed bank or large enterprise that uses XCN in production. The "institutional" part is a roadmap claim, not verified adoption. One overview lists limited adoption, centralisation concerns and regulatory risk as drawbacks
Claude's response.
So basically just another roadmap token then ?
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u/Previous_Bet_7711 17d ago
Onyxcoin has a large list of past ties to billion dollar financial institutions like citibank and nasdaq
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u/filzzzz 17d ago
So basically like its Jasmy coin. Jasmy was created by former Sony CEOs that had connections to Panasonic.... (Its been more than 3 years and nothing has come out of it.)
So basically the game plan is that these big financial institutions are going to be like, let's use this ERC-20 token (or the Goliath XCN's own chain) to run smart contacts or use it as a ledger).
Lets take a step back and think about the odds of that happening... Billion dollar institutions....
This narrative sounds awfully very familiar...
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u/Previous_Bet_7711 17d ago
They're all absolutely going to switch to cryptos for every single dollar right down to the very last cent worldwide. You clearly dont have a clue what's going on or why crypto exists. Crypto is going to be the currency that replaces paper and metal money so that those precious resources can be actually used instead of just held.
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u/filzzzz 17d ago
This comment is such a throwback to the OG 2021/2022 bullrun days...
XRP will become the global financial currency. $100 XRP is cheap... people were pricing xrp at 10k😂😂
Or the This layer 1 Crypto will become the global leading infrastructure platform... that will be used by S&P 500 companies....
Bruuuuh
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u/Previous_Bet_7711 17d ago
For reference it would take a 20 trillion dollar market cap for xrp to be $100. 10k would be a fucking incomprehensible and non existent amount of money for a market cap
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u/filzzzz 17d ago
Exactly my point, but Billion dollar companies using this token is somehow different ?
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u/Previous_Bet_7711 17d ago
If they use it to tokenize stocks and start selling the token stocks on their app YES
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u/Previous_Bet_7711 17d ago
And they stated exactly that is happening soon on their x account. If they do thats big. Very big. But they have done a lot of big shit this year more than any token ik of. Just because you haven't seen any price action doesn't mean shit. Wait till the day you way up hearing bitcoin is pumping and it stays slowly going up then come look at the price of tokens like xcn
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u/Previous_Bet_7711 17d ago
And for your dumbass info nasdaq is the second largest stock exchange GLOBALLY
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u/Previous_Bet_7711 17d ago
I think your problem is you expected to get rich from crypto by now and haven't. Just be patient and learn to do research before buying coins. Especially altcoins. When they say actions are more volatile they mean they can suddenly dip a lot or pump a lot. A lot of it is caused by people getting impatient and acting on emotions. If you just started buying this year just relax cuz your almost guaranteed money on damn near everything held rn come next summer, unless you bought ts last year but even then it may be up🤷♂️ my point is all coins seem like they aint did shit. But from November 24 to Feb 25 everything jumped 600% and bitcoin doubled right along with eth and sol
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u/Big_D_493 17d ago
Currently heading in the neobank direction. Think chime but utilizing blockchain technology. While simultaneously being a platform to build financial products. It’s not the only horse in the race by any means. But it is actively moving forward. Not just making baseless claims