Back to News
Onyxcoin: OIP-5 vote opens for XCN buybacks, fee burns and Onyx Launch - By 09 Oct 2026

Voting on OIP-5 opens by October 9, 2026. The proposal would activate XCN buybacks and fee burns and deploy Onyx Launch, with those changes subject to the governance vote rather than taking effect when voting begins.The proposed buybacks and fee burns would introduce a direct supply-reduction mechanism for XCN if OIP-5 passes. The vote gives participants a decision on whether to activate that mechanism alongside the deployment of Onyx Launch. Passage remains undetermined until voting concludes, as does the scale of the buybacks and burns, so the proposal does not yet establish the extent of any supply reduction.Voting for OIP-5: Activation of Buybacks and Fee Burns and Deployment of Launch will open in approximately 24 hours 🗳Read more and get ready to vote below 👇
More crypto intelligence
- Fluid: powers Bitcoin-backed lending as Hashi mainnet begins rollout - Oct 2026
- Solana: Samsung brings cross-border USDC payments to Galaxy devices - 08 Oct 2026
- Bitcoin ETFs Bleed $484.9 Million As BlackRock Leads A Broad Day Of Outflows
- ESMA Moves to Plug Loopholes for Non-MiCA Stablecoins Beyond Spot Delistings