Thread: What is XEN Token?

WHAT is XEN Crypto or What is XEN Token?


Originally posted by MEXC

XEN Crypto ( which can be traded HERE ) is an ERC-20 token which was initially built on the Ethereum blockchain & recently its now being supported and can be minted on multiple blockchains (Binance Smart Chain, Polygon, Avalanche C & Ethereum POW) It’s based on the first principles of crypto like decentralization, self-custody, transparency, and trust through consensus. The XEN smart contract is immutable, it has no admin keys, and it’s open source and the main currency for the platform is XEN token. In this article, we will discuss everything you need to know about XEN Crypto.

Creator of Xen Crypto

Jack Levin wants to spread information about the first principles delineated by Satoshi Nakamoto in the Bitcoin Whitepaper. Jack Levin is a serial entrepreneur who created ImageShack and Nventify, Google employee #21, Fair Crypto Foundation creator, and a biohacker. He came up with the idea of XEN, and he’s launching the smart contract.
The idea behind Xen Crypto is for the crypto community to educate others about the freedom to create and channel economic energy through the XEN token.


Key Features of Xen Crypto

Infinite Supply While Bitcoin has finite supplies of 21 million BTC, Xen has no finite supply which means Bitcoin mining will end after reaching 21 million BTC while XEN will keep on going.
No huge amount of computing power needed Bitcoin is mined using computer that needs tremendous amount of power, while XEN is minted by users by connecting their wallets to a dapp.
No limit on wallets Xen Crypto token allows users to create as many wallets the users want. There’s no limit. The only limitation is that once users have claimed their rank and are waiting for users tokens to be minted, users can’t claim another cRank with the same wallet. Users need until the end of their term to be able to restart the process again.

How does XEN Crypto token work?

XEN tokens can be minted by anyone for free. The only thing you need is an Ethereum wallet like Metamask, for example, and some ETH to pay for the gas fee. First, you need to connect your wallet to the XEN dapp, indicate the number of days you want to spend on minting your XEN, and claim your cRank. You need to sign the transaction and pay the gas fee. Then you need to wait for the end of your term, and when this happens, you need to connect the wallet again, and mint XEN by signing the transaction and paying the gas fee.
The algorithm will automatically adjust the minting difficulty depending on the rank a user has and the number of people that joined the network after you. The XEN supply is inflationary at the beginning and disinflationary in the long run.


Tokenomics with recent price & performance of XEN Crypto (XEN)

XEN has no fixed supply and no initial supply either. XEN tokens will be created in perpetuity. It starts from zero and every user mints their own XEN.


How to mint XEN Crypto (XEN)?

1.Follow these instructions to download and install the MetaMask wallet.

2.Connect your wallet to xen.network.



3.Select the amount of days for the mint period.

4.Begin the minting process.






5.Confirm the transaction.



6.Return when your mint term expires and reconnect your wallet.

7.Receive your XEN by selecting one of the three available choices.

• “Claim” will generate XEN, which will appear in your wallet.
• “Claim + Share” allows you to concurrently mint XEN and transmit them to another address of your choosing.
• “Claim + Stake” allows you to mint XEN and stake them for a number of days between 1 and 1000.

How to buy XEN Crypto (XEN)?

If you can't wait for your free minting time-frame , you can buy XEN from the active markets here


Is XEN Secure?

The XEN token is exceedingly unstable and serves no practical purpose. Engaging in the XEN network should be done discretely. Popular blockchain security companies have reviewed the smart contract, and it is available as open source. There is always a chance of losing money when using a decentralized program.

Due to its lack of stability and practical use, investing in XEN is highly precarious. We advise anyone considering an investment in XEN to first complete their own due diligence and talk to a financial professional.


Official XEN Links


Website
https://xen.network/


Foundation Website
https://faircrypto.org/


Gitbook - Xenpedia
https://xensource.gitbook.io/www.xenpedia.io


Whitepaper
https://faircrypto.org/xencryptolp.pdf


Featured Site
https://xen.fyi/
https://www.xencrypto.io/


Dunes Xen info graphs
https://dune.com/sixdegree/xen-crypto-overview?s=35


Coinmarketcap
https://coinmarketcap.com/currencies/xen-crypto/


Twitter
https://twitter.com/mrJackLevin
https://twitter.com/XEN_Crypto


Telegram
https://t.me/XENCryptoTalk


GitHub
https://github.com/FairCrypto

---

› See More: What is XEN Token?