XEN Crypto (XEN/USDT – Trade it Here) is an ERC-20 token built on the Ethereum blockchain. It’s based on the first principles of crypto like decentralization, self-custody, transparency, and trust through consensus. The XEN smart contract is immutable, it has no admin keys, and it’s open source and the main currency for the platform is XEN token. In this article, we will discuss everything you need to know about XEN Crypto plus a guide on how to buy XEN tokens.
Creator of Xen Crypto
Xen crypto is yet to be released (1 day until release in MEXC) but the creator, Jack Levin wants to spread information about the first principles delineated by Satoshi Nakamoto in the Bitcoin Whitepaper. Jack Levin is a serial entrepreneur who created ImageShack and Nventify, Google employee #21, Fair Crypto Foundation creator, and a biohacker. He came up with the idea of XEN, and he’s launching the smart contract.
The idea behind Xen Crypto is for the crypto community to educate others about the freedom to create and channel economic energy through the XEN token.
Key Features of Xen Crypto
Infinite Supply While Bitcoin has finite supplies of 21 million BTC, Xen has no finite supply which means Bitcoin mining will end after reaching 21 million BTC while XEN will keep on going.
No huge amount of computing power needed Bitcoin is mined using computer that needs tremendous amount of power, while XEN is minted by users by connecting their wallets to a dapp.
No limit on wallets Xen Crypto token allows users to create as many wallets the users want. There’s no limit. The only limitation is that once users have claimed their rank and are waiting for users tokens to be minted, users can’t claim another cRank with the same wallet. Users need until the end of their term to be able to restart the process again.
How does XEN Crypto token work?
XEN tokens can be minted by anyone for free. The only thing you need is an Ethereum wallet like Metamask, for example, and some ETH to pay for the gas fee. First, you need to connect your wallet to the XEN dapp, indicate the number of days you want to spend on minting your XEN, and claim your cRank. You need to sign the transaction and pay the gas fee. Then you need to wait for the end of your term, and when this happens, you need to connect the wallet again, and mint XEN by signing the transaction and paying the gas fee.
The algorithm will automatically adjust the minting difficulty depending on the rank a user has and the number of people that joined the network after you. The XEN supply is inflationary at the beginning and disinflationary in the long run.
Tokenomics with recent price & performance of XEN Crypto (XEN)
XEN has no fixed supply and no initial supply either. XEN tokens will be created in perpetuity. It starts from zero and every user mints their own XEN and can do this forever. Currently, there’s also no price listed for XEN Crypto token as it is still waiting for its initial launch in 1 day and 5 hours on MEXC.
How to buy XEN Crypto (XEN)?
You can buy XEN Crypto (XEN) on MEXC by the following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “XEN” using the search bar to see the available trading pairs. Take XEN/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of XEN you want to buy. You can choose from opening a Limit order, a Market order or a Stop-limit order. Take Market order as an example. Click [Buy XEN] to confirm your order. You will find the purchased XEN in your Spot Wallet.
Want to stay tuned in crypto market?
Check out our listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! What’s more, MEXC lists moonshot and offers access to trade major cryptocurrencies. Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency in general.