Xen Crypto is a new cryptocurrency designed to encompass core blockchain principles like transparency, self-custody and decentralization while offering low transaction fees and a free mint function.
Reward system designed to transition from inflationary to deflationary; token claimed by linking Ethereum-compatible wallet to cRank smart contract and minting once claim term has passed.
XEN is a decentralized platform
XEN Crypto is an Ethereum-based smart contract free from counterparty risk and open source, verified by a community of developers and unchangeable. As it’s decentralized and trustless, no entity outside the blockchain network has the ability to change it; traders may use various tools, including technical indicators and chart patterns, to predict prices. Candlestick charts may provide additional details regarding price action than lines charts do.
XEN is a proof-of-participation cryptocurrency, rewarding participants based on wallet balance and participation. Minting time is calculated based on an equation including crypto rank (cRank), waiting time and reward amplifier; currently its maximum minting period is 100 days; additionally participants can cash out their rewards at any point after minting has completed, which offers many advantages over pre-mining cryptocurrency models.
It is a utility token
XEN is a utility token that enables users to claim rewards for participating in networks. Being blockchain agnostic, it can be launched across various networks allowing it to reach more people than similar social experiments.
Users of compatible Web3 wallets can mint XEN by paying associated gas fees and selecting a waiting period. How much XEN you claim depends on your rank; rewards multiply with each person who participated before you. XEN was designed to deflate over time.
XEN is an increasingly popular cryptocurrency traded across multiple exchanges. However, investors should keep in mind that past performance does not guarantee future returns and conduct their own research before investing. Remember to never commit more money than you can afford to lose as volatile markets often experience price swings both up and down.
It is a social experiment
XEN is a community-driven project using Proof of Participation with no mining hardware or Ethereum gas fees required for participation. With an initial supply that’s unlimited and minting rewards that increase as the network expands, its initial supply and participation threshold are both extremely low for easy participation – perfect for KOLs in crypto.
XEN minting is an easy and straightforward process, and its rewards depend solely on how long each participant puts into minting. Since its launch, this project has quickly gone viral – surpassing 100,000 minting within hours and driving up gas prices while hastening deflation of Ethereum.
The XEN community is extremely engaged, and the team is working hard to foster more engagement within it. Additionally, they’re searching for ways to increase minting rewards as well as listing XEN token on mainstream exchanges in order to give the project a boost during this bear market.
It is a cryptocurrency
XEN Crypto is an Ethereum-based token that embraces core blockchain tenets such as transparency, decentralization and self-custody. Utilizing Proof of Participation mining method for token creation – free for users – users can claim tokens by linking an Ethereum compatible wallet to the XEN smart contract and claim them upon reaching certain thresholds – this also determines their claiming duration which in turn determines how much they get back.
Since its creation, the price of XEN has fluctuated with time; however, its base remains secure. Its worth is determined by both how many people buy it and its functional potential; however, long-term predictions remain unknown.
Investors can utilize tools such as moving averages to predict XEN prices. However, investors must bear in mind that cryptocurrency markets are highly unpredictable and price predictions may prove incorrect. Therefore, it is imperative to conduct your own research and never invest more than you can afford to lose. A subscription to Moralis Money may make your research more efficient by saving custom filters, collecting more Moralis Money beans, and receiving price predictions over narrow timeframes.