XEN is an open-source, community-growing cryptocurrency with unique features to set it apart from other cryptocurrencies – free minting and fixed staking periods up to 1,000 days are among these features, as is a cRank system that rewards stakers with annual percentage yield rewards (APY rewards).
It is a decentralised platform
Since its debut, Xen Crypto has drawn much interest in the cryptocurrency community. Its tokenomics were specifically created to foster community growth while preventing overbuying or whale accumulation; furthermore, self-custody functionality ensures users retain full ownership over any tokens minted through this project.
Xen Crypto stands out from other cryptocurrency projects by providing anyone the ability to mint a limited amount of XEN for free. To do this, connect an Ethereum wallet and set your “mint term,” the time frame you are willing to wait before receiving rewards. In addition, claim your cRank number which shows how many people interacted with the contract prior to you.
cRank rewards consider the amount of people engaging with the smart contract; as more claim their reward, its size increases proportionately. But it’s important to keep in mind that XEN prices can change quickly – be aware that prices could decrease or rise without notice!
It is a free token
Xen Crypto is a free token mineable using wallets compatible with Ethereum, with unique tokenomics designed to foster community. Social mining rewards early adopters while placing downward price pressure on latercomers; furthermore, decentralization within cryptocurrency is at play – so owners of XEN act as custodians for their own funds.
Not unlike Bitcoin mining, which involves costly equipment and graphics consuming considerable computing power, minting XEN requires nothing more than an internet browser and MetaMask wallet – without limits on wallet usage; simply paying gas fees!
To get started, visit Moralis Money website and log in with your MetaMask wallet. Next, search “XEN” to locate available trading pairs; once selected, use [Buy XEN] button to place a buy order that will then automatically deposit into your Spot Wallet.
It is a good investment
XEN cryptocurrency can be an excellent investment, but your earnings depend on several key considerations. First and foremost is knowing what level of risk you’re willing to accept as well as setting investment goals and targets. Second is diversification – this will protect against all your investments being lost if one project goes bankrupt.
Staking XEN coins is an efficient way to earn rewards without needing to mine, while increasing token holdings. But be warned – should you unstake during the staking period, you will forfeit any APY rewards!
Though still relatively unknown, XEN price has immense potential. According to its Litepaper page, many popular cryptocurrencies are overbought and suffer from pre-mining and whale accumulation, whereas XEN stands out as being more accessible – all you need is an Ethereum compatible wallet to mint some XEN! Plus it is one of the cheapest cryptocurrencies mined.
It is a pyramid scheme
Xen is a social mining cryptocurrency designed to offer rewards to users for participating in its minting process. How much each user can claim is determined by their crypto rank, waiting period and number of addresses taking part; with each user receiving tokens proportionate to these criteria. Ultimately, the reward formula aims to inflate token prices.
But its absence of anonymity and support from any entity has raised suspicion that XEN may be an illegal pyramid scheme. Jack Levin claims to have worked for Google; it remains unknown whether this is indeed Leonid Belyaev.
Xen is unlike most pyramid schemes as it does not require any initial investment to use and its social mining system makes mining cryptocurrency simpler for users than with traditional methods. Investors should however exercise caution in investing money they cannot afford to lose and conduct thorough research before purchasing any digital assets.
