XEN Crypto Launch

Launch of a new mining cryptocurrency on Ethereum from Jack Levin of Fair Crypto Foundation.

DETAILS

• XEN is an ERC-20, free to mint, Proof of Participation (PoP) cryptocurrency
• XEN has no initial or maximum supply, and is only minted via participation from the community
  • supply is inflationary at the start, and becomes deflationary as adoption increases
• XEN token’s value is pegged to its difficulty to be minted; similar to Bitcoin – as more people join and participate in minting; the more difficult it is to generate, the more scarce and valuable it becomes
• To mint new XEN, one must generate their CryptoRank (cRank) – your position relative to the total number of participants (GlobalRank) in the XEN ecosystem
• To increase the amount of XEN you receive, you indicate the maximum number of days you are willing to wait to claim/mint your XEN (MintTerm), likewise, inviting new people to participate will create more XEN for all participants
• The maximum MintTerm is capped at 100 days for the first 5000 unique participant addresses, after which, it increases logarithmically as more participants join
• The amount of free XEN you receive is algorithmically calculated based on factors including; CryptoRank, GlobalRank, MintTerm, Reward Amplifier (AMP), and Early Adopter Amplification factor (EAA)
• XEN can be claimed/minted within 24 hours after the MintTerm maturity date
• There is a 7 days claim window, and a penalty is progressively applied each day, until a 100% penalty on day 7
• Claimed XEN can be staked for a period of 1-1000 days to earn XEN rewards, at a fixed APY beginning at 20%, and decreasing by 1% every 90 days until a fixed 2%
• Staked XEN can be unstaked at any time without penalties, however APY rewards are not prorated
• XEN will also be tradeable on DEXes (e.g. SushiSwap, UniSwap)
• How to participate;
  • Connect your Ethereum wallet
  • Claim your CryptoRank (cRank) with Proof of Participant and choose your MintTerm; how long you can wait to mint XEN
  • At MintTerm maturity, claim/mint your XEN
  • Sell or stake you XEN
• Information on XEN strategies can be found here
• XEN calculator can be found here
• Access to XEN testnets can be found here