Is Onchain Yield Coin a scam?
Asked about Onchain Yield Coin (ONYC), market cap rank #259.
Short answer
Onchain Yield Coin (ONYC) has been scored on isthiscoinascam.com and has a low score, indicating elevated scam risk based on the available data.
Source: isthiscoinascam.com · Updated 2026-09-11
Red flags raised
- Stablecoin has depegged from its target
Positive signals
- Licensed platform with regulatory approvals in Bermuda.
- High-quality whitepaper detailing tokenomics and security measures.
- Positive media coverage highlighting innovative approach to DeFi.
- Experienced founder with prior projects in reinsurance and blockchain.
- Comprehensive audit confirming smart contract security and compliance.
Security audits
1 audit on record.
- OnRe (2025-06-15) — pass
Team transparency
The Onchain Yield Coin team is doxxed — public identities are known.
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