Onyxcoin: OIP-5 activates XCN buybacks and fee burns and deploys Onyx Launch - 13 Oct 2026

Onyx governance has executed OIP-5, activating XCN buybacks and fee burns and deploying Onyx Launch on 13 Oct 2026. The announcement confirms that the proposal's measures are now live.

The buybacks and fee burns link protocol revenue to token supply reduction. Execution moves these measures from a governance proposal into operation, making revenue part of the token's supply mechanics. However, the available details do not specify the size of either the buybacks or the burns. The announcement therefore establishes that the mechanisms are active, but does not establish how much supply pressure they create.