The live XEN Crypto price today is $9.44e-7 USD with a 24-hour trading volume of $1,541,397 USD. XEN Crypto is down 0.15% in the last 24 hours. The current CoinMarketCap ranking is #2235.
What is XEN Crypto
XEN Crypto is a social mining project. The XEN token is the native cryptocurrency of the XEN Crypto, focused on building a community of like-minded individuals. XEN uses the ERC20 token standard and a streamlined codebase to maintain transparency. Removing pre-minting, admin keys, and origin (OA) wallets ensures equitable treatment of all participants in the XEN ecosystem. Any users can mint XEN tokens on Ethereum using compatible wallets.
Also, XEN is categorized as a Proof-of-Participation (PoP) cryptocurrency and is different from Proof-of-Stake (PoS) or Proof-of-Work (PoW) tokens. Participants in the creation of XEN and hold their coins through self-custody have ownership rights.
After the Ethereum Merge, at one point, XEN used nearly 50% of Ethereum’s block size, dominating the burn leaderboard and causing a rise in ETH gas prices. Since it launched on October 8, XEN caused a decline in ETH supply for a period of time.
Who Are the Founders of XEN?
the Fair Crypto Foundation designed The XEN token and it launched in October 2022. Jack Levin, a former Google executive, is the creator of the XEN Crypto.
What Makes XEN Unique?
XEN provides users with similar functionality to an ERC20 token, allowing them to trade other cryptocurrencies and NFTs. In addition, users can connect to the Uniswap ecosystem to create liquidity pools and limit orders. XEN’s ultimate objective is to achieve maximum liquidity by promoting widespread adoption.
The tokenomics of XEN are due to the naturally sloping adoption curve, which follows a logarithmic pattern, making it difficult to mint more tokens as more participants join. Although XEN does not have a cap, the growing difficulty of generating additional tokens ensures that its tokenomics remain disinflationary.