Onyxcoin: OIP-5 is queued for XCN buybacks, fee burns and Onyx Launch - 11 Oct 2026

OIP-5 is queued in Onyx governance as of 11 Oct 2026. The proposal covers XCN buybacks and fee burns alongside the deployment of Onyx Launch. Implementation of the proposed measures remains pending.

The buybacks and fee burns are the proposal's direct token value-accrual mechanism. Queuing puts that mechanism on a path toward activation, but does not establish that buybacks or burns have begun. The scale of either measure is not stated, leaving the eventual supply impact unquantified. Onyx Launch deployment is included in the same proposal, tying the planned product rollout to the governance process covering these token measures.