XEN Crypto
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in XEN Crypto from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to XEN Crypto.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.