XEN Crypto (XEN) is a social mining project on the Ethereum blockchain, employing a Proof-of-Participation protocol to mint tokens. More
| Fully Diluted Valuation | $6.93M |
|---|---|
| 24H Trading Volume | $489,136 |
| 24H Low / High | $0.000000029404 / $ 0.000000031513 |
| Circulating Supply | 229,027,556,848,070 |
| Total Supply | 229,027,556,848,070 |
| Max Supply | ∞ |
| Categories | Decentralized Finance (DeFi) 5 more |
|---|---|
| Founder | Jack Levin |
| Website | xen.network |
| Socials | |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Snowtrace 9 more |
| Contracts |
0x064....a6fb8
2 more
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| Name | Pair | OG Score |
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XEN Crypto, introduced in October 2022 by the Fair Crypto Foundation, is a social mining project centered around its native ERC-20 token. The platform emphasizes community engagement, transparency, and interoperability across different blockchain networks.
Community Focus:
XEN aims to build a community of like-minded individuals, ensuring transparency by eliminating pre-minting, admin keys, and origin wallets. The Proof-of-Participation (PoP) protocol, a departure from traditional PoS or PoW models, grants ownership rights to participants actively involved in the minting process and custody of their XEN tokens.
Proof-of-Participation Protocol:
Utilizing Ethereum's blockchain as an ERC-20 token, XEN operates on a PoP protocol where users can mint tokens using compatible wallets. The disinflationary tokenomics, following a logarithmic adoption curve, make it progressively challenging to mint more tokens as the community expands, maintaining the scarcity of XEN.
Interoperability Across Blockchains:
XEN extends its reach beyond Ethereum, integrating with other chains such as BNB Smart Chain, Polygon, Avalanche, among others. This approach enhances interoperability, enabling users to leverage XEN's functionality across various blockchain ecosystems.
Impact on Ethereum's Block Size:
After the Ethereum Merge, XEN briefly dominated nearly 50% of Ethereum's block size, impacting the burn leaderboard and contributing to a rise in ETH gas prices. This resulted in a temporary decline in ETH supply, showcasing the project's influence within the Ethereum network.
Conclusion:
XEN Crypto, led by the Fair Crypto Foundation and its creator Jack Levin, operates with a focus on community, transparency, and multi-chain interoperability. The project's unique Proof-of-Participation protocol sets it apart in the evolving landscape of cryptocurrencies. As XEN continues to evolve and integrate with various blockchain networks, its impact on decentralized ecosystems and community-driven projects remains a noteworthy aspect in the cryptocurrency space.
XEN Crypto distinguishes itself with a Proof-of-Participation (PoP) protocol on the Ethereum blockchain, promoting fairness by granting ownership rights to active participants in token creation and custody.
XEN Crypto was founded by Jack Levin, reportedly a former Google executive, under the auspices of the Fair Crypto Foundation in October 2022.
While specific investors aren't disclosed, XEN Crypto operates under the support of the Fair Crypto Foundation, which oversees its development and community initiatives.
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