XEN is a social experiment and community launched crypto that was founded on principles that prioritize community over profit. With unique tokenomics, this project has attracted significant interest since its debut.
Anyone can mine XEN by connecting an Ethereum compatible wallet to the XEN smart contract and paying its gas fees. All they require is a private key which should be safely stored away on paper or another secure medium in order to preserve self-custody.
XEN is a decentralized cryptocurrency
XEN crypto has attracted widespread interest since its debut. Created by former Google employee Jack Levin and built upon Satoshi’s white paper principles, its launch garnered much excitement. Offering low entry barriers with self-custody features to ensure all minters keep ownership of their minting XEN coins, its use can range from trading, staked NFTs or staked assets to simply connecting like-minded individuals – the XEN token has garnered great APY of 20% and self-custody features to ensure all minters retain ownership over their minted coins that has attracted an incredible level of enthusiasm since then.
Anyone with a Web3 wallet can join the XEN community and start minting XEN coins. It uses a proof-of-participation (PoP) consensus mechanism and offers rewards to users for participating. Furthermore, self-custody – one of the core blockchain principles – is available without mining hardware or paying Ethereum gas fees; thus attracting more participants while increasing staking rewards – helping reduce Ethereum’s inflationary status.
It is a social experiment
XEN may be one of the first meme-class projects to emerge from the current crypto bear market. As a community-first token with the core principles of self-custody, transparency, and trust through consensus; its initial supply starts from zero with no need for mining, CEX listings or admin keys – plus its innovative method of minting makes this experiment stand out among its competition.
XEN stands apart from traditional pyramid schemes by providing rewards based on how many people interact with it, meaning the sooner you mint, the greater your rewards are. Furthermore, its contract is transparent and can be traded on multiple exchanges.
XEN may seem low-risk, but investors must keep in mind that all investments carry some degree of risk. New investors may benefit from using a dollar-cost averaging strategy to minimize stress and prevent overbuying. Furthermore, cryptocurrency hardware wallets may provide additional protection by securely storing coins across platforms.
It is a social network
XEN is an open-source, community-first cryptocurrency built on Ethereum that is both open source and community-led. It strives to fulfill blockchain technology’s original intent of decentralization, transparency and trust through consensus. XEN tokenomics incentivize community growth and adoption while protecting it from whale accumulation, overbuying or preminting; plus it supports censorship resistant transactions.
Contrary to Bitcoin mining, which requires expensive equipment and graphics, XEN mining is free and only uses a fraction of Ethereum base fee. Users must still pay Ethereum gas fees for minting cRank; rewards can be claimed after a set time period and their ranks increase as more people mine it.
Xen combines existing online preferences with GPS to identify people nearby who share similar interests, creating a custom interest graph for you to explore. Users can edit their profiles and choose whether or not they wish to be visible to brands; additionally, XEN’s website features apps called Interesting, Meedar, and TalkTopic that enable users to discover trending topics or discover new ones.
It is a dApp
XEN is a community-building cryptocurrency designed to bring like-minded individuals together. Based on the first principles of crypto, such as decentralization, self-custody and trust through consensus; as well as open source, immutable smart contracts without admin keys – unlike Bitcoin it’s not mined but instead can be mined for free by connecting wallets to its dApp; to mint some XEN simply connect an Ethereum wallet, claim a cRank number and pay a small gas fee fee
Although still young, XEN has seen its value increase dramatically since its debut on October 8. Its long-term goal is to become a community asset that brings like-minded people together. Moralis Money allows users to easily track its price in real time with weekly, daily, and hourly market data updates as well as an on-chain explorer and access to real-time market alpha updates – though investors should remember that investments carry risk.