Exchange XEN Crypto (XEN)

XEN Crypto is a social mining initiative centered around its native cryptocurrency, the XEN token. It aims to foster a community of like-minded individuals while upholding transparency through the utilization of the ERC20 token standard and a concise codebase. Notably, the project prioritizes fairness by eliminating pre-minting, admin keys, and origin (OA) wallets, ensuring an impartial treatment of all participants within the XEN ecosystem. Users can mint XEN tokens on the Ethereum blockchain using compatible wallets.

Distinguishing itself as a Proof-of-Participation (PoP) cryptocurrency, XEN differs from Proof-of-Stake (PoS) or Proof-of-Work (PoW) tokens. Ownership rights are bestowed upon those actively involved in XEN's creation and who maintain custody of their coins.

The inception of the XEN Crypto smart contract occurred on Ethereum's blockchain on October 8, 2022. Remarkably, within just two months, it was seamlessly deployed on an additional nine chains. XEN Crypto has established a robust presence across various blockchain networks, including Polygon, BSC, Avalanche, Ethereum PoW, Moonbeam, Evmos, Fantom, Dogechain, and OKX Chain.

Jack Levin, the visionary behind XEN, boasts an illustrious background as a key member of the initial Google team. A serial entrepreneur, Levin has played pivotal roles in the creation of notable ventures such as ImageShack, Nventify, and the Fair Crypto Foundation, which serves as the driving force behind the development of XEN Crypto. Leveraging his expertise, Levin has not only been an early Bitcoin miner but has also ventured into the realm of biohacking. His multifaceted journey in technology, entrepreneurship, and innovation underscores his leadership in the evolution of the XEN project.

The XEN cryptocurrency provides users with the capability to mint XEN tokens on the Ethereum blockchain by covering the pertinent gas fees and selecting a designated waiting period. Engaging with the XEN dApp has required XEN minters to invest considerable amounts in ETH, leading to a substantial reduction in the overall inflationary dynamics of the network.

Notably, XEN Crypto actively advocates for key principles such as self-custody, consensus-driven trust, transparency, and decentralization. The project has garnered recognition for its noteworthy influence on Ethereum emissions, contributing significantly to the pursuit of a deflationary trajectory for ETH.

Emphasizing the foundational principle of blockchain, XEN Crypto places a strong emphasis on self-custody. The ability to mint XEN tokens is tied directly to being in control of one's private keys. In alignment with the transparency inherent in blockchain technology, the XEN Crypto smart contract is open source. Every claim rank and XEN mint is recorded on-chain, ensuring visibility and removing any potential biases. XEN attains a significant level of decentralization by widely distributing its supply, leveraging blockchain technology, and establishing a presence across multiple blockchain networks.

Following the Ethereum Merge, XEN briefly occupied nearly 50% of Ethereum's block size, dominating the burn leaderboard and contributing to a surge in ETH gas prices. Since its launch on October 8, XEN has influenced a temporary decline in ETH supply. XEN serves as an ERC20-like token, enabling users to trade various cryptocurrencies and NFTs. Users can also engage with the Uniswap ecosystem to establish liquidity pools and limit orders, aligning with XEN's overarching goal of achieving widespread adoption and maximum liquidity.

XEN's tokenomics operate on a disinflationary model, facilitated by a logarithmic adoption curve. This design makes it progressively challenging to mint additional tokens as more participants join, ensuring a disinflationary trajectory despite lacking a capped token supply.

XEN Crypto enhances data protection by encrypting data on computers or servers. Even if unauthorized access occurs, encrypted data remains unreadable without the encryption key, applicable to scenarios involving confidential information.

XEN Crypto supports the creation of digital signatures, verifying the authenticity and integrity of messages or documents. Digital signatures created with XEN Crypto offer authentication in contracts, legal papers, and financial transactions.

XEN Crypto ensures secure password storage and encryption, safeguarding online accounts and databases. Encrypted passwords remain unreadable without the encryption key, even if a hacker gains access to the password database.

XEN operates without a predetermined supply limit, allowing for the perpetual creation of XEN tokens. Notably, the project commences with zero initial supply, and each user is empowered to continually mint their own XEN tokens. The algorithm dynamically adapts the minting difficulty based on a user's rank and the subsequent network participants. In its initial stages, the XEN supply experiences inflation, gradually transitioning to a disinflationary model over time. The possibility of becoming deflationary arises when the quantity of XEN burned surpasses the newly created tokens. The XEN token supply is exclusively generated through the minting process, involving individuals participating in the Proof-of-Participation (PoP) protocol. As of January 2024, the self-reported circulating supply is 48.29T XEN.

As of January 2024, XEN is actively traded on several cryptocurrency exchanges, including Uniswap, Huobi, and MEXC. Prominent trading pairs for XEN are available on Uniswap v2, Uniswap v3 (Ethereum), and PancakeSwap v2. 

The Average Fees on the XEN Crypto 

Transaction, deposit, or withdrawal fees for XEN tokens fluctuate across platforms but typically range between 0.05% and 0.2% per transaction.

The XEN Token Wallets

The XEN tokens can be stored in the majority of popular crypto wallets, including Trust Wallet, MetaMask, Ledger, imToken, Torus, Coinbase, TokenPocket, iToken Wallet, etc.