May be we need to increase the Mcap first . there is too less liquidity right now
Marketcap will increase over time and as we reach more people, I think new networks will be added and the usage area will definitely expand. We trust the team in these matters, I am sure they will do their best.
That does bring the infrastructure costs and challenges with it, curios to see how they implement their multichain strategy.
I really donât think, there are a lot of infrastructural costs on this, rather than having the tech team do whatever they needed to do
It costs about $500+ to deploy a token on eth blockchain and make it live, last time I know
I share your sentiment, I believe will do their best,
No doubt Onyx has got the right potential to grow
are you kidding mate ? do you know tha fee of deploying ? and also what about liquidity / volume . we are not talking about meme/sh!t coins
Hey mate, that is the starting point, and of course, the complexity of the deployment then would bring in more cost
I wasnât saying it would cost XCN 500 bucks lol
However, it wonât cost a hundred of thousands of dollars, as I believe the team should have in-house dev, to mitigate such ambiguous cost
Running such infrastructure, LP could also be supported by chain Foundations, especially if the project is a reputable one
One thing should be clear adding more multiple chains on Onyx Protocol might just be the easiest marketing approach, Only if the XCN team could position itself for it.
Which I believe the team would. maybe not now, of course not now, but in the future
Cheers!
Dude Onyx is not just a token itâs a whole protocol, thereâs a shit ton of infrastructure involved in deploying protocols to other chains, or did you just mean launching the token crosschain? Because that doesnât make any sense to me really and wouldnât help much, it is already on BSC too.
Foundations are very picky with grants currently, itâs hard to get selected for that. Very hard right now.
Haha Memetoken and whole protocol is differnt thing .i was too wondering how it will be done in just 500 $
testing and auditing will only take more than 20 30 k in $ .
With more chains being incoporated into the Onyx protocol,this wll help drive more real-time users on the Onyx ecosystem and bring forth possible collaborations with other crypto projects.
As you said, this is very important for possible collaborations and more investors. The more places access is provided, the greater the usability.
Yes I believe so, as bringing new projects will bring there social media engagement to onyx also it might bring some of the users from other ecosystems to onyx ecosystem
So letâs start this
Onyx Protocol is listed on many exchanges. Some users say that a new chain should be added after first reaching people and expanding the market volume. However, Onyx is available on most exchanges. Adding new chains will attract more investorsâ attention and more people will start using Onyx.
Thatâs the way, easy organic growth
One thing should be clear adding more multiple chains on Onyx Protocol might just be the easiest marketing approach, Only if the XCN team could position itself for it.
Which I believe the team would. maybe not now, of course not now, but in the future
Cheers!
I believe in the finance world of Multichain, where different Blockchain can interact with one other!
Taking a dive into adding more multichains on Onyx will definitely unlock more users to the Onyx protocol and provide free huge marketing to the Onyx products.
there is no such feature currently i think . only bridge works for transferring from one chain to other
No matter what feature is added, new users and the community that will use these features are very important and this should be taken into consideration when integrating.
first focus should be community or the quality of product ?