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What is XEN Token Project?
XEN Crypto Network is a virtual mining-based crypto project working on the proof of participation-based strategy. It has been designed to meet the real goal of the blockchain such as ensuring decentralization, transparency, peer-to-peer networking, and censorship.
How Does Mining work?
Virtual mining is based on no participants and locks up time, low entry barrier. More mining participants will raise the difficulty level of Mining. Only Ethereum-compatible wallets work in mining.
Why XEN Crypto Network Project Unique in Mining?
- Has zero initial supply
- No Pre-mined coin, unlike other popular Tokens.
- Guarantees the fair distribution of mining tokens,
- No overbought and oversold possibility in the trade
- Ensures 100% transparency
Mining Links
https://xen.network/mainnet/mint
Strategy to Claim the Mined Token
Mined XEN Token should be claimed within 24 hours to ensure the 100% claimed token, otherwise mined token values will be reduced to zero in 7 days in the given percentage :
| Days to Claim | Penalty in % |
| o | 0 |
| 1 | 1 |
| 2 | 3 |
| 3 | 8 |
| 4 | 17 |
| 5 | 35 |
| 6 | 72 |
| 7 | 100 |
Staking XEN Strategy
Staking of mined XEN Token can be done for the period from 1-1000 days. If staking contracts are terminated before the maturity period, a penalty in annualized return will be charged.
Trading Xchange for XEN Token
https://www.mexc.com/exchange/XEN_USDT
XEN Project Core Team
There is ambiguity in the core team lead member. The majority says it is Jack Levin- ex google employee at 21 ranks who served Google from 1999-2005, who also built Google Cloud’s first rack in 2000. Another group says, that 21 ranked Google employees are Ms. Marissa Mayor, who was CEO of Yahoo
Risks in the XEN Project
- There are no intrinsic values in the Token mined
- There is no cap on the maximum amount of XEN Token
- Confusion about the XEN founder’s identity may risk the further development of the project.
Why So Popular
XEN Network since its launch in October 2022 has helped in making ETH a deflationary asset, as a result, the XEN network has been hugely popular since its launch. XEN has contributed the maximum in burning the ETH across all platforms by increasing the burn rate.
This also resulted in a substantial drop in Ethereum’s inflationary status. As per the report in UltraSound Money, Ethereum’s inflationary status has dropped to 0.07% per year, from a high of 0.21% before the launch of XEN.
WORLD’S BEST CONVERTING FOREX ROBOT : WallStreet 3.0 Affiliates Page
Controversy
A bug was introduced by the hacker who placed the chain to exploit the GAS theft vulnerability resulting in the loss of more than 80 ETH. Over 100 million XEN Tokens were acquired by hackers in mid-October 2022.
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