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 maintains transparency by using the ERC20 token standard and a streamlined codebase. 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. Ownership rights are granted to those who participate in the creation of XEN and hold their coins through self-custody.
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 XEN token was designed by the Fair Crypto Foundation and launched in October 2022. Jack Levin, supposedly 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 disinflationary due to the naturally sloping adoption curve, which follows a logarithmic pattern, making it increasingly 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.
How to Buy XEN on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing XEN. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on the Bybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing XEN.
Step 5: Purchase XEN
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of XEN you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy XEN.
Step 6: Store Your XEN
After purchasing, you can choose to store your XEN in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and XEN assets, be sure to use a strong password and enable two-factor authentication.
XEN Price:The price fluctuates daily, you can go to the exchange: Bybitto check the price.
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