XEN Crypto

Overview

XEN Crypto is a self-custodial cryptocurrency launched in October 2022, operating on multiple blockchains including Ethereum, BNB Chain, and Polygon. The project claims to follow 'First Principles' of crypto, emphasizing fair distribution, zero pre-mint, and no administrator keys.

Purpose and Utility

The stated purpose of XEN is to be a cross-chain store of value token with a unique fair launch mechanism. Users can participate by minting tokens through a Proof of Participation mechanism, where they lock their wallet address for a chosen period to receive XEN tokens.

Business Model

XEN operates with complete transparency, with all code open-source and publicly verifiable. The token operates without pre-allocation to founders or early investors, and the minting mechanism is accessible to anyone willing to participate.

Real-World Adoption

XEN has achieved significant adoption across multiple blockchains, with active minting and trading occurring on various decentralized exchanges. The project has maintained consistent development activity and community engagement since its launch.

Token Distribution

XEN implements a fair launch model where all tokens are minted by participants, with no pre-mine or founder allocation. The distribution mechanism ensures equal access to all participants, with rewards based on participation time commitment.

Revenue Model and Technology

The project does not involve lending, interest-bearing products, or gambling mechanisms. The core technology focuses on cross-chain value transfer and fair token distribution through proof of participation.