XCN令牌：它是什么，它可以继续飙升到新的高点吗？

虽然比特币（BTC）最近几个月占据了加密头条新闻，但在过去六个月中，超过了心理意义的$ 10万美元，超过50％

As Bitcoin (BTC) price action dominated crypto headlines in recent months, smashing past the psychologically significant $100K mark and surging more than 50% over the past six months, holders of a lesser-known token have enjoyed significantly more substantial returns.

由于比特币（BTC）的价格动作占据了近几个月的加密标题，在过去六个月中，超过了心理意义的$ 10万美元，飙升了50％以上，鲜为人知的代币的持有人获得了更多的实质性回报。

The Onyx Token (XCN) has skyrocketed an astronomical 1004% year to date and surged 2090% in the past six months, making it one of the crypto market’s standout performers.

迄今为止，Onyx代币（XCN）持续了1004％的天文数字，在过去的六个月中飙升了2090％，使其成为加密货币市场的出色表演者之一。

XCN’s astonishing gains have captured the imagination of crypto enthusiasts and investors. But what exactly is XCN, what problem does it solve for its users, and importantly, can it continue surging to new highs and enriching its holders?

XCN的惊人收益吸引了加密助人和投资者的想象。但是，XCN到底是什么，它为用户解决了什么问题，重要的是，它可以继续飙升至新的高点并丰富其持有人吗？

Offering perpetual credit lines

提供永久信用额度

XCN operates on the Ethereum blockchain as a decentralized lending and borrowing platform. At its core is the Onyx Protocol, an underlying mechanism that facilitates peer-to-peer money market lending through transparent smart contracts.

XCN作为分散的贷款和借贷平台在以太坊区块链上运行。其核心是Onyx协议，这是一种基本机制，可促进通过透明的智能合约通过对等货币市场贷款。

Users engage with the ecosystem through XCN, the utility and governance token that supports staking, governance participation, and transactions. The decentralized autonomous organization (DAO), known as the Onyx DAO, oversees governance through on-chain voting and manages the Onyx Treasury.

用户通过XCN，支持Staking，治理参与和交易的实用程序和治理令牌与生态系统互动。被称为Onyx Dao的分散自治组织（DAO）通过链投票监督治理，并管理Onyx财政部。

Users can deposit various digital assets as collateral, unlocking credit lines and borrowing capabilities within the protocol. Yield generation mechanisms, borrowing facilities, reserve factors, and supply and borrow caps are all part of the system.

用户可以将各种数字资产存放为抵押品，解锁信用额度和借款能力在协议中。产量产生机制，借贷设施，储备金因素以及供应和借用帽都是系统的一部分。

XCN and the Onyx Protocol are designed to address various inefficiencies in cross-border payments and traditional lending systems. The core problem that XCN addresses is the inefficiency of traditional lending models.

XCN和ONYX协议旨在解决跨境支付和传统贷款系统中各种效率低下的问题。 XCN解决的核心问题是传统贷款模型的效率低下。

Unlike conventional systems, the decentralized mechanism underlying the XCN token enables users to enjoy perpetual credit lines without monthly payments or expiration dates, provided they maintain sufficient collateral. This innovation has the potential to significantly boost liquidity for banks and their customers, considering the volume and scale of transactions in the global banking system.

与传统系统不同，XCN令牌为基础的分散机制使用户能够享受永久信用额度，而无需每月付款或到期日期，只要他们保持足够的抵押品。考虑到全球银行系统中的交易数量和规模，这项创新有可能显着提高银行及其客户的流动性。

Not associated with JP Morgan

与JP Morgan无关

When investing in a crypto project, one of the most crucial factors to consider is the team behind it. The team is responsible for developing the vision, strategy, technology, and execution of the project. A strong team can make or break a crypto project.

在投资加密项目时，要考虑的最关键因素之一是背后的团队。该团队负责发展项目的愿景，战略，技术和执行。一个强大的团队可以制定或打破加密项目。

There has been a widespread misconception that XCN is backed by a world class team from JP Morgan, which could have led to the massive price gains the token has recorded in recent months. This confusion arose because Onyx, the name of the token, coincidentally happens to be the former name of JP Morgan’s blockchain business unit.

人们普遍存在误解XCN得到了JP Morgan的世界一流球队的支持，这可能导致了近几个月来录制的代币的巨大价格上涨。出现这种混乱之所以出现，是因为on玛妮（on玛瑙）的名称恰好是JP Morgan的区块链业务部门的前名称。

Onyx was the original name for JP Morgan’s blockchain platform, which in November 2024 rebranded to Kinexys. This strategic business unit was launched to explore the potential of blockchain technology in transforming financial services.

Onyx是JP Morgan的区块链平台的原始名称，该平台于2024年11月重新命名为Kinexys。该战略业务部门的成立是为了探索区块链技术在转型金融服务方面的潜力。

It was the world’s first bank-led blockchain platform and played a significant role in pioneering the use of blockchain in banking.

这是世界上第一个由银行领导的区块链平台，在开拓银行链使用区块链方面发挥了重要作用。

Kinexys core team consists of some of JP Morgan’s brightest minds in crypto and blockchain. This includes Naveen Mallela, the global co-head of Kinexys and one of its founding members.

Kinexys Core Team由JP Morgan在加密和区块链中最聪明的头脑组成。其中包括Kinexys的全球共同负责人Naveen Mallala及其创始成员之一。

Mallela has been instrumental in building cornerstone products within the unit and has authored white papers on Central Bank Digital Currencies (CBDCs), shared ledgers, and deposit tokens. Prior to founding Kinexys, he held several roles at JP Morgan, including APAC Head of Digital Payments.

Malala在单元内建造基石产品发挥了作用，并撰写了中央银行数字货币（CBDC），共享分类帐和存款令牌的白皮书。在创立Kinexys之前，他在JP Morgan担任过多个职务，包括Apac的数字支付负责人。

Another key figure is Umar Farooq, the Co-Head of Global Payments. This role combines treasury services, trade and working capital, commercial cards, and merchant services to help clients operate across more than 200 countries and territories.

另一个关键数字是全球付款联合负责人Umar Farooq。该角色结合了国库服务，贸易和营运资本，商业卡和商户服务，以帮助客户在200多个国家和地区开展业务。

The business unit is the largest processor of USD payments globally, with a daily transaction volume of around $10 trillion. We covered a story about Farooq when he spoke at the Singapore FinTech Festival in 2021.

业务部门是全球付款的最大处理器，每日交易量约为10万亿美元。我们在2021年在新加坡金融科技节上讲话时，介绍了他的故事。

However, this team is not working on XCN nor is it in any way associated with the project – as some investors and speculators had mistakenly thought.

但是，该团队并未在XCN上工作，也不以任何方式与该项目相关联 - 正如一些投资者和投机者错误地认为的那样。

Optimism continues

乐观继续

While XCN does not in fact enjoy the backing of a behemoth like JP Morgan, analysts expect crypto investors to maintain their bullish stance, potentially supporting further gains in 2025. They cite several factors for this optimism.

尽管XCN实际上并不享受像JP Morgan这样的庞然大物的支持，但分析师希望加密投资者保持其看涨立场，并有可能在2025年支持进一步的收益。他们引用了这种乐观主义的几个因素。

Firstly, the Onyx team has announced plans to unveil the Onyx XCN Ledger, a new blockchain developed in stealth mode. This significant upgrade, scheduled for announcement in early February 2025, will include a comprehensive new whitepaper and is expected to address previous security concerns, including vulnerabilities that led to a $3.8 million hack in November.

首先，Onyx团队宣布了计划，揭幕了Onyx XCN Ledger，这是一种以隐形模式开发的新区块链。这次重大升级计划于2025年2月上旬发布，将包括一份全面的新白皮书，并有望解决以前的安全问题，包括导致11月380万美元的漏洞。

Secondly, the DAO of the protocol is currently assessing a possible “token burn”. This means they are considering reducing the number of tokens in circulation, which would lower supply and potentially drive up the price.

其次，该协议的DAO目前正在评估可能的“令牌燃烧”。这意味着他们正在考虑减少流通中的令牌数量，这将降低供应并有可能提高价格。

These developments have fueled positive sentiment among investors, who are closely watching XCN’s record rally and potential for further growth. Experts predict that the price could reach

这些事态发展激发了投资者的积极情绪，他们密切关注XCN的记录集会和进一步增长的潜力。专家预测价格可以达到