Xen Crypto is an emerging cryptocurrency that honors the core principles of transparency and self-custody found within blockchain networks, running on Ethereum without pre-minting, origin wallets, or admin keys that disadvantage both users and investors.
Coin has gained wide-spread interest within the crypto community and many are keen to learn more about its key features and functionality. This article will shed some light on these aspects.
Free minting
Xen crypto is a free minting cryptocurrency built on the principle of self custody to engage its community and foster values such as financial autonomy and transparency in transactions. Built on Ethereum blockchain technology, this free minting currency also features free minting.
Contrary to Bitcoin, Xen does not possess a fixed value; rather its price depends on how long users wait before receiving rewards from smart contracts connected with wallets – the longer people wait the greater their earnings are likely to be.
The speaker suggests that new minters claim their rank for as long as possible to ensure maximum gains and ensure tokens mature regularly. They are encouraged to spread word of the project among others to create a network effect. Once users claim their ranks and wait for tokens, once claimed with that wallet they cannot claim another rank – this prevents gaming and provides a level playing field within the Xen ecosystem.
Infinite supply
XEN crypto is the world’s first community-building cryptocurrency that connects like-minded people. Its innovative tokenomics promote community growth and adoption while discouraging whale accumulation, overbuying, and preminting.
Contrary to its Bitcoin equivalent, XEN does not involve minting and has an infinite supply. Instead, it can be earned freely by connecting an Ethereum wallet compatible wallet to its smart contract and receiving free XEN tokens as reward. At first the inflationary effects will become less dramatic with time as adoption grows.
Due to the unpredictable and nonlinear nature of cryptocurrency, XEN price predictions in the short term can be difficult. Moralis Money’s on-chain XEN crypto price explorer provides investors with valuable information; market alpha, token shield and alert features help investors stay up-to-date and find coins with potential long-term gains; however, always do your own research before investing with money you cannot afford to lose.
No embedded value
Xen crypto is a community-built cryptocurrency designed to promote values such as freedom of choice and control over personal property. The team behind Xen crypto have designed an innovative concept of mining known as Proof of Participation that ensures a fair distribution of coins.
The Xen Coin has no intrinsic value or security backing it; yet its novel model and involvement of Jack Levin have gained it immense popularity. Furthermore, its foundation is grounded in principles such as self-custody, trustless consensus and decentralization that provide an alternative way of governance and decentralization.
Due to their low entry threshold and resistance against censorship, cryptocurrency investments offer cryptocurrency traders an attractive investment option. It’s essential, however, to practice sound risk management when dealing with crypto assets; also it is beneficial to understand the differences between coins and tokens so as to minimize mistakes while increasing profits.
Unlimited number of wallets
XEN Crypto is a cryptocurrency created by Jack Levin, who claims to have previously worked at Google. The cryptocurrency offers enormous long-term potential with free, transparent and fair token mining processes designed specifically to maximize profit for miners.
Proof of Participation rather Than Work (PoP) blockchain allows users to be incentivized to tell others about this cryptocurrency and get involved, while precluding whale accumulation or overbuying, making this cryptocurrency unique compared to others. This gives PoP a distinct edge over competing currencies.
Keep in mind, however, that cryptocurrency investments can be highly risky. Investors should carefully understand these risks and formulate an investment plan before entering any transactions in cryptocurrency exchanges such as Moralis Money XEN Explorer to monitor price of XEN tokens on-chain real time.
