Onyx (XCN) declares Preliminary Audit is Clear and Main Network Launch Set for March 1

02/16/2023 17:15 • Tech Ticker • 132 views

On February 16, the liquidity agreement Onyx (XCN) tweeted that “no major technical problems were found in the preliminary audit of the Onyx liquidity agreement. We plan to complete the audit and launch the main network on March 1.”

Liquidity agreement Onyx: the main network is planned to be launched on March 1

Interpret the above information:

On February 16, Onyx (XCN) shared some exciting news with its followers on Twitter. The company announced that the preliminary audit of the Onyx liquidity agreement had been completed and no significant technical problems were found. Furthermore, the company confirmed that it intends to finish the audit in the coming weeks and launch the main network on March 1.

The concept of a liquidity agreement centers around providing tokens that can be traded, creating liquidity for an exchange. The XCN trades typically have a low volume level, and the role of this liquidity agreement is to minimize market slippage. The announcement by Onyx (XCN) is significant since it means that the company is making steady progress towards delivering their project goals.

The audit process is an essential step in the development of any technical project, and Onyx’s positive results are a good indication of the progress made. During the audit, the company’s technical experts would have examined the infrastructure and applications to identify any weaknesses that need to be addressed before the main network launch. The fact that Onyx has completed the preliminary audit and found no significant technical issues suggests that they have done a thorough job of developing the liquidity agreement.

It is worth noting that although this announcement is positive news for Onyx, the company will likely experience some challenges and risks even after the main network launch. Once the main network is launched, the company will need to be responsive to user feedback and fix any technical issues that may emerge. The launch itself might be a complex event, and the XCN community will be interested in ensuring that the process goes smoothly.

In conclusion, Onyx (XCN) confirmed that it had completed the preliminary audit of the liquidity agreement, and the audit results indicated no significant technical issues. The company is on track to launch the main network on March 1, which is a positive indicator of Onyx’s progress in developing a robust liquidity agreement. It remains to be seen how the launch will go, but this announcement marks a milestone for Onyx, and we can expect more news in the coming weeks regarding the project’s success.

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Onyx (XCN) declares Preliminary Audit is Clear and Main Network Launch Set for March 1

Liquidity agreement Onyx: the main network is planned to be launched on March 1

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