Onyxcoin (XCN) will release the Goliath testnet on October 1

! On October 1, Onyxcoin (XCN) plans to launch the Goliath testnet, marking a new phase in its journey to building a high-performance Web3 financial infrastructure. For traders and investors who follow the market narrative of XCN and blockchain payments and financial applications, this testnet launch is not only a technical milestone but also a herald of the project’s strategic positioning in the next cycle. As part of the Gate content team, this article will explore what Goliath means for XCN, its position in the project’s long-term roadmap, and what Gate users should focus on.

XCN Overview: Onyxcoin (XCN)'s Positioning in the Crypto Market

XCN, the native token of the Onyx ecosystem, formerly known as Chain, is currently evolving into a multi-layered blockchain platform focused on financial services. The project’s vision is to provide a scalable and reliable environment for payments, settlements, and digital assets while maintaining low transaction costs and enabling interoperability with mainstream networks.

Under the current architecture, XCN is used to support the ledger system for smart contracts and is compatible with the broader EVM ecosystem. The project emphasizes:

• High throughput and low latency for financial transactions;
• Flexible infrastructure that can support both C-side and institutional scenarios;
• Governance mechanism driven by the XCN community. In the crypto market, XCN is both an infrastructure asset and a governance token, closely tied to the success of Onyx’s financial network and will play a central role in the Goliath environment.

XCN vs Goliath Testnet: What Will Happen on October 1st?

The release of the Goliath testnet on October 1 is an important step in the expansion of the XCN ecosystem. Goliath is positioned as a high-performance blockchain built for financial applications, aiming to provide transaction processing capabilities close to the level of payment networks, while still adhering to the architectural paradigm of Web3.

The launch has multiple implications:

• Developers can deploy and test applications directly on Goliath;
• Provide a sandbox environment to evaluate performance, stability, and transaction costs under real-world conditions;
• The community can visualize the actual execution of the project’s promises such as scalability and user experience.

From a narrative perspective, the release of XCN with Goliath testnet provides a specific milestone for the project’s roadmap. Goliath is no longer just a concept or a white paper promise, but an online environment where users and developers can actually interact.

Token value and governance of XCN in the Goliath era

XCN is the core of the Onyx and Goliath ecosystem, and its role is mainly reflected in the following three aspects:

1. Utility Tokens XCN is used for transaction fees and various interactions within the Onyx ecosystem. In high-throughput financial networks, the demand for utility tokens is expected to increase as on-chain activity grows, especially when the network becomes the foundational layer for payments, asset issuance, or DeFi protocols.

2. Governance Token XCN holders can participate in governance through the Onyx DAO, including voting on upgrades, economic parameters, and strategic direction. With Goliath launched, governance decisions around validator sets, staking rules, and network incentives will become increasingly important.

3. Staking and Network Security As a performance-focused chain, Goliath is expected to secure the network through a staking mechanism pegged to XCN. Staked XCN can be associated with validators or delegated, helping to maintain consensus and network integrity, with the opportunity to earn rewards.

For holders, the testnet phase is a window to rehearse how these mechanisms will actually work and how XCN will fit into mainnet design in the future.

Market environment and price outlook for XCN before and after the Goliath testnet

At the time of writing, XCN is a low-priced altcoin with billions in circulation and a total market capitalization of hundreds of millions of dollars. The token has experienced the typical volatility of the crypto market, with both strong pull-ups and subsequent pullbacks.

Around the Goliath testnet launch, several market dynamics typically emerge:

• Speculative Layout: Traders may open positions in advance, betting that the project will receive more attention, potential collaborations, or subsequent benefits.
• “Good cash and ship” risk: event-driven markets are often accompanied by profit-taking after the news lands;
• Fundamental Rassessment: If the testnet shows strong technical performance and attracts developer attention, the market may gradually raise its expectations for XCN’s long-term potential.

On the Gate platform, XCN/USDT is one of the main trading pairs, allowing users to view the market, depth and historical movements in real-time. This provides convenience for spot traders and long-term holders to flexibly respond to changes in market sentiment as Goliath Roadmap progresses.

How Gate Users Trade XCN and Keep Up with the Goliath Roadmap

For Gate users, the XCN vs. Goliath narrative is not just about industry backgrounds but also directly integrates into trading and asset allocation decisions.

1. Track XCN price and volume on Gate The XCN/USDT market on Gate reflects traders’ pricing on the Goliath testnet and the project’s future prospects. Paying attention to price action, volume changes and market changes, especially around October 1, can help provide insight into market sentiment.

2. Follow XCN official announcements and project progress As a Gate user, keeping an eye on official announcements, roadmap updates, and Goliath technology progress can help distinguish between short-term hype and real ecological growth.

3. Analyzing XCN with a broader market perspective XCN is not an isolated transaction. Bitcoin, mainstream altcoins, and overall risk appetite often affect the performance of small-cap tokens, even if they have their own catalysts. Gate’s multi-asset environment allows traders to compare XCN with other narratives such as L2, DeFi, or payment tokens.

Follow-up observation points for XCN and Goliath after October 1st

The launch of the XCN Goliath testnet is just the beginning, not the end. After October 1, the following issues will affect the market’s pricing and expectations for XCN:

• Can Goliath deliver on its promise of high throughput and stability in real-world testing?
• Will developers choose to deploy important financial and DeFi applications on the network?
• Can the Onyx team and community attract more liquidity, users, and partners after the testnet phase?
• Can XCN’s staking, governance, and tokenomics model effectively support the network’s long-term security and interest alignment?

For Gate users, if you pay attention to the intersection of blockchain, payments, and financial infrastructure, XCN is a token worth keeping an eye on. The Goliath testnet went live on October 1, providing a specific point for everyone to evaluate the progress of the project and determine whether its execution matches the vision.