What is XEN?
XEN is a community-building crypto asset that connects like-minded people together. XEN has the lowest barrier to entry through its unique tokenomics. It's a fair crypto that is owned by the community, with no pre-allocation for investors or the founding team. Instead, 100% of the liquid XEN supply is minted by the community.
Who are the founders of XEN?
The Fair Crypto Foundation, led by Jack Levin, an ex-Google employee #21 and a Silicon Valley entrepreneur who has been a Bitcoin miner since 2011, launched XEN based on the first principles outlined in Satoshi Nakamoto's Bitcoin white paper.
What makes XEN unique?
XEN's simplicity, fair distribution, and fast-growing community make it stand out in the crypto world. Its contract is immutable, open-source, with no admin keys and only 400 lines of code.
XEN has become extremely popular among users and developers. In just six months since launch, over one million users globally have participated in XEN minting from 350M million wallets across 10 EVM-compatible chains, and many community projects have been launched. Over $50m has been spent on gas to mint XEN on Ethereum.
What's next for XEN?
The Fair Crypto Foundation team is currently working on its layer one chain called X1, which is set to launch in 2024. The native token of X1, XN, will have a capped supply and will be bridged with XEN on all 10 EVM chains where the XEN contract is present.
At the same time, the team is focused on community development and supports community-launched projects that are based on 1st principles.
What can XEN token be used for?
XEN token is a versatile asset that serves as a foundational component of many fair launch crypto protocols within the XEN Ecosystem. This makes it highly valuable for anyone involved in the crypto community. XEN tokens are required to participate in various XEN protocols, including XEN torrent, XENKnights, DBXen, Xenlon Mars, Fenix, and X1 chain, among others. By holding XEN tokens, users have access to a wide range of decentralized applications and can participate in building the future of the decentralized web.
Here are some other articles that you may be interested in: