Article Summary, Automatically Generated By AI
Summary of XEN Crypto
Key Points:
- XEN Crypto is a social mining project with a native cryptocurrency, XEN token.
- XEN maintains transparency using ERC20 token standard and a streamlined codebase.
- XEN is a Proof-of-Participation (PoP) cryptocurrency, different from PoS or PoW tokens.
- Ownership rights are granted to participants who create and hold XEN coins through self-custody.
- XEN used nearly 50% of Ethereum’s block size, causing a rise in ETH gas prices.
- XEN provides users with ERC20 token functionality, connecting to Uniswap ecosystem.
- XEN’s tokenomics are disinflationary due
About XEN Crypto: Empowering a New Era of Decentralized Finance
XEN: A Revolutionary Cryptocurrency
XEN Crypto is a pioneering social mining project that fosters a community of like-minded individuals. At its core lies the XEN token, a native cryptocurrency built upon the Ethereum blockchain, adhering to the ERC20 token standard and boasting a sleek, streamlined codebase. Notably, XEN ensures transparency and equity by eliminating pre-minting, admin keys, and origin (OA) wallets, thereby guaranteeing a level playing field for all participants within the XEN ecosystem. Furthermore, users can seamlessly mint XEN tokens on the Ethereum network using compatible digital wallets.
Notably, XEN is classified as a Proof-of-Participation (PoP) cryptocurrency, distinguishing it from Proof-of-Stake (PoS) and Proof-of-Work (PoW) tokens. Moreover, ownership rights are bestowed upon those who actively participate in the creation of XEN and exercise self-custody over their coins.
Following the Ethereum Merge, XEN’s remarkable ascent saw it momentarily occupy nearly 50% of Ethereum’s block size, thereby dominating the burn leaderboard and precipitating a surge in ETH gas prices. Since its launch on October 8, XEN’s impact has been felt in the decline of ETH supply for a certain period.
The Visionaries Behind XEN: Meet the Founders
Unveiling the Unparalleled Attributes of XEN
XEN offers users a comparable experience to that of an ERC20 token, enabling them to seamlessly trade other cryptocurrencies and NFTs. Furthermore, users can establish a connection with the Uniswap ecosystem, thereby facilitating the creation of liquidity pools and limit orders. Ultimately, XEN’s overarching goal is to attain maximum liquidity through the promotion of widespread adoption.
The tokenomics of XEN are inherently disinflationary, driven by a naturally logarithmic adoption curve that renders it increasingly challenging to mint new tokens as the user base expands. While XEN does not impose a hard cap, the escalating difficulty of generating additional tokens ensures that its tokenomics remain fundamentally disinflationary in nature.
The Circulating Supply of XEN Coins: A Closer Look
The XEN supply is generated exclusively through the minting of coins by individuals engaging in the Proof-of-Participation (PoP) protocol, with no initial coin allocation or pre-minted supply. Consequently, the circulating supply remains undefined.
XEN’s Robust Security Framework: A Comprehensive Overview
XEN operates on the Ethereum blockchain as an ERC-20 token, secured through the Proof-of-Stake consensus mechanism, which has been the backbone of the Ethereum network since the Merge. This mechanism employs validators to confirm transactions, with each validator required to stake 32 ETH to participate in the consensus process and validate transactions.
Beyond its native blockchain, XEN is also accessible on a multitude of other prominent chains, including BNB Smart Chain, Polygon, Avalanche, and many more.
Acquiring XEN: A Comprehensive Guide to Exchanges and Marketplaces
As of April 2023, XEN has secured listings on a multitude of prominent cryptocurrency exchanges, notably Uniswap, Huobi, and MEXC. The most popular platforms for trading XEN are Uniswap v2, Uniswap v3 (Ethereum), and PancakeSwap v2, offering users a range of options for buying and selling this digital asset.
Stay up-to-date with real-time XEN price movements by downloading the CMC mobile app.
The XEN token, meticulously crafted by the Fair Crypto Foundation, was successfully launched in
In October 2022, Jack Levin, purportedly a former Google executive, emerged as the mastermind behind the XEN Crypto.
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