XCN Token

The Native Cryptocurrency of Goliath Network

XCN is the native cryptocurrency that powers the Goliath Network, serving as the primary medium of exchange for transactions, smart contract execution, network security, and governance participation.

🌟 Overview

Key Functions

  • 💸 Transaction Fees: Pay for network operations and smart contract execution

  • 🎯 Staking: Secure the network and earn rewards

  • 🏳️ Governance: Participate in network decisions through the Onyx DAO

  • 🔒 Network Security: Economic incentive alignment through stake-based consensus

  • 💰 Value Transfer: Fast, low-cost peer-to-peer transactions

Token Specifications

Parameter
Value

Token Name

XCN

Decimals

18

Total Supply

48.4 Billion XCN

Max Supply

68.89 Billion XCN

Circulating Supply

33.5 Billion XCN

Consensus Mechanism

Proof-of-Stake (PoS)

Block Time

<1 second

Finality

3-5 seconds

📊 Tokenomics Model

Supply Distribution

XCN Supply Distribution

Economic Design Principles

  1. Fixed Maximum Supply: No unexpected inflation

  2. Deflationary Mechanics: Transaction fee burns

  3. Sustainable Rewards: Long-term staking incentives

  4. Fair Distribution: Community-driven allocation

  5. Treasury Management: DAO-controlled reserves

🌉 Multi-Chain Presence

XCN exists across multiple blockchain networks:

Native Networks

Network
Contract Address
Bridge

Ethereum

0xA2cd3D43c775978A96BdBf12d733D5A1ED94fb18

Native

Base

0x9c632e6aaa3ea73f91554f8a3cb2ed2f29605e0c

Superbridge

BSC

0x7324c7C0d95CEBC73eEa7E85CbAac0dBdf88a05b

Wormhole

Goliath

Native Asset

Direct

Bridge Management

  • Supply Consistency: Locked tokens maintain 1:1 ratio

  • On-chain Validation: Transparent bridge reserves

  • Audit Trail: All bridge operations verifiable

💸 Transaction Fees

XCN is used to pay for all network operations:

Fee Categories

1. Node Fees

  • Purpose: Compensate nodes for transaction submission

  • Rate: Market-driven, typically 0.0001 XCN

  • Recipient: Submitting node

2. Network Fees

  • Purpose: Consensus participation and validation

  • Rate: Based on transaction complexity

  • Distribution: Daily to all participating nodes

3. Service Fees

  • Purpose: Storage, smart contracts, special services

  • Rate: Resource-based calculation

  • Example: File storage = size × duration × rate

Fee Schedule

Operation
Typical Fee (XCN)
USD Equivalent

Simple Transfer

0.0001

< $0.001

Smart Contract Call

0.001

< $0.01

Contract Deployment

0.01

< $0.10

File Storage (1MB/day)

0.0005

< $0.005

Token Creation

0.1

< $1.00

🎯 Staking Mechanics

How Staking Works

  1. Direct Staking: Run a validator node with minimum stake

  2. Proxy Staking: Delegate XCN to existing validators

  3. Liquid Staking: Maintain liquidity while earning rewards

Staking Rewards

Staking Rewards Flow

Reward Calculation

Daily Rewards = (Your Stake / Total Network Stake) × Daily Reward Pool

Current Parameters:

  • Annual Reward Rate: ~6-8% APY + ~40% APR Boosted [Quarterly]

  • Minimum Stake: 100 XCN

  • Unbonding Period: Instant (liquid staking)

  • Reward Frequency: Daily

🏳️ Governance

XCN holders participate in network governance through the Onyx DAO:

Voting Power

  • 1 XCN = 1 Vote: Direct proportional voting

  • Proposal Threshold: 100,000,000 XCN to create proposals

  • Quorum: 4% of total supply

  • Voting Period: 3 days

Governance Scope

  1. Protocol Upgrades: Network improvements and features

  2. Economic Parameters: Fee adjustments, reward rates

  3. Treasury Management: Fund allocation and grants

  4. Network Policies: Validator requirements, security measures

Proposal Process

Governance Proposal Process

🔥 Burn Mechanism

Deflationary Model

A portion of transaction fees is permanently burned:

  • Burn Rate: 10% of network fees

  • Cumulative Burn: Tracked on-chain

  • Supply Reduction: Gradual decrease over time

Burn Statistics Goals

Metric
Value

Daily Burn Rate

~50,000 XCN

Annual Burn

~18.25M XCN

Total Burned

20B XCN (historical)

💰 Utility & Use Cases

Network Operations

  1. Gas Fees: All transactions require XCN

  2. Smart Contracts: Deployment and execution costs

  3. Storage: File and data storage fees

  4. Consensus Service: Goliath Mesh participation

DeFi Applications

  1. Liquidity Provision: DEX pools and AMMs

  2. Collateral: Lending and borrowing protocols

  3. Yield Farming: Liquidity mining rewards

  4. Synthetic Assets: Backing for derivatives

Enterprise Services

  1. Private Networks: Node operation fees

  2. Compliance Tools: KYC/AML service payments

  3. SLA Guarantees: Performance bonds

  4. Professional Services: Premium support

📈 Market Information

Trading Pairs

Exchange
Pairs
Type

Uniswap

XCN/ETH, XCN/USDC

DEX

Binance

XCN/USDT [Perps]

CEX

Coinbase

XCN/USD

CEX

Market Metrics

  • Market Cap Rank: Top 200

  • 24h Volume: $10M+ average

  • Holders: 100,000+ addresses

🎯 Getting XCN

Testnet XCN

  1. Community Distribution: Request test tokens in our Telegram Community

  2. Amount: 10 XCN per request

  3. Automated Faucet: Coming soon at testnet.explorer.goliath.net/faucet

Mainnet XCN

  1. Exchanges: Buy on supported CEX/DEX

  2. Bridge: Transfer from Ethereum/Base/BSC

  3. Staking Rewards: Earn by validating

  4. Ecosystem Grants: DAO funding for projects

🔮 Future Developments

Planned Enhancements

  1. Cross-chain Bridges: More network integrations

  2. Staking Derivatives: Liquid staking tokens

  3. Governance V2: Enhanced DAO mechanisms

  4. Fee Markets: Dynamic pricing models

  5. Privacy Features: Optional transaction privacy

Roadmap Integration

  • Q1 2026:Mainnet launch and enhanced staking mechanics

  • Q2 2026: Cross-chain bridge expansion

  • Q3 2026: Governance upgrades

  • Q4 2026: Advanced DeFi integrations

📄 Smart Contract Integration

Using XCN in Smart Contracts

// SPDX-License-Identifier: MIT
pragma solidity ^0.8.19;

contract XCNPayment {
    // Accept XCN payments
    receive() external payable {
        // XCN received
    }
    
    // Send XCN
    function sendXCN(address recipient, uint256 amount) external {
        payable(recipient).transfer(amount);
    }
    
    // Check XCN balance
    function getBalance() external view returns (uint256) {
        return address(this).balance;
    }
}

Web3 Integration

// Get XCN balance
const balance = await web3.eth.getBalance(address);
const xcnBalance = web3.utils.fromWei(balance, 'ether');

// Send XCN
const tx = await web3.eth.sendTransaction({
    from: sender,
    to: recipient,
    value: web3.utils.toWei('1', 'ether'), // 1 XCN
    gas: 21000
});

🔐 Security Considerations

Best Practices

  1. Hardware Wallets: Use for large holdings

  2. Multi-Signature: For treasury management

  3. Regular Audits: Smart contract reviews

  4. Secure Storage: Never share private keys

Risk Management

  • Volatility: Cryptocurrency price fluctuations

  • Smart Contract Risk: Audit before interaction

  • Bridge Risk: Verify bridge contracts

  • Custody Risk: Self-custody responsibility

📊 Analytics & Metrics

Network Health (Targets)

Metric
Value
Status

Total Staked

15B XCN

🔴 Healthy

Staking Ratio

45%

🔴 Good

Active Validators

100+

🔴 Growing

Network TVL

$500M+

🔴 Strong

Economic Indicators

  • Velocity: 2.5x annually

  • Distribution: Gini coefficient 0.65

  • Inflation Rate: -2% (deflationary)

  • Reward Sustainability: 10+ years

🤝 Community & Support

Resources

Get Involved

XCN powers the Goliath Network, enabling fast, secure, and affordable transactions while providing holders with governance rights and staking rewards.

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