XEN Crypto:Everything you need to Know About This Token

XEN Crypto Explained: What You Need to Know About This Emerging Token

XEN Crypto: ERC-20 on the Ethereum

XEN is an ERC-20 token developed on the Ethereum blockchain and operates across 10 different chains. It is a multi-chain token.It adheres to core crypto principles such as decentralization, self-custody, transparency, and trust through consensus. The XEN smart contract is immutable, has no administrative keys, and is fully open-source. It  is an innovative project created by Jack Levin, a former Google infrastructure engineer and early-stage angel investor. The principle behind XEN is to empower individuals to become their own banks, allowing them to mint their own tokens in a decentralized, trustless way. XEN follows a model where users generate value through network adoption and activity, similar to how seeds grow into fruit-bearing trees. With a focus on independence from traditional financial structures, XEN appeals to those who prefer decentralized finance solutions over centralized alternatives. 

How to Buy XEN?

Though XEN Crypto tokens can be minted for free, they are also available for trading on decentralized and centralized exchanges. You can find XEN Crypto listed on various chains, including Ethereum, Binance Smart Chain (BSC), Polygon, Avalanche, and others. To buy XEN, users can swap tokens on popular decentralized exchanges like Uniswap or SushiSwap, or they can buy it directly on centralized exchanges. For multi-chain access, users may need to perform cross-chain swaps using tools like RocketX or Rango to ensure they hold the correct native tokens to mint or trade XEN on specific blockchains.

How to Mint XEN?

Minting XEN Crypto tokens is a straightforward process. First, you need to have some native cryptocurrency from the blockchain you wish to mint on (for example, ETH for Ethereum or BNB for Binance Smart Chain). Once you’ve secured the required tokens, connect your MetaMask wallet to the XEN Crypto dApp at xen.network. From there, users can mint XEN for free, only paying gas fees. XEN is currently available on multiple chains, including Ethereum, BSC, Polygon, Avalanche, and others, each with its own ticker. The more people join and mint XEN, the harder it becomes to mint new tokens, much like the Bitcoin mining difficulty adjustment. Additionally, users can stake XEN and earn rewards based on the staking period, minting term limits, and other factors.

Difference Between XEN and Bitcoin

While XEN Crypto was inspired by Bitcoin, it has several distinct differences. Bitcoin has a hard cap of 21 million coins, while XEN has no fixed supply. Bitcoin relies on miners to validate transactions using computational power, whereas XEN is minted through user interactions with smart contracts on blockchains like Ethereum. Bitcoin is deflationary due to its halving events, while XEN is disinflationary as the minting process becomes increasingly difficult over time. Eventually, XEN aims to stabilize its supply by transitioning to a flat yearly emission rate, which will reward stakers. This mechanism may even introduce deflationary dynamics similar to Bitcoin’s.

Conclusion

XEN Crypto’s multi-chain presence, ability to mint for free, and its unique tokenomics offer a fresh alternative in the crypto market. As more people adopt the project, XEN could grow in value and establish itself as a key player in the decentralized finance space.

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