description: What is Xen Crypto? Learn about the Xen Crypto token and its features. head:
- meta
- property: og:image content: /xen-crypto-logo.png
- meta
- property: twitter:image content: /xen-crypto-logo.png
Xen Crypto Overview
Xen Crypto is an innovative ERC-20 token built on the Ethereum blockchain, designed to build a community through social mining.
Key Features of Xen Crypto
- Consensus Mechanism: Utilizes Proof-of-Participation (PoP), different from traditional Proof-of-Stake (PoS) or Proof-of-Work (PoW) systems.
- Ownership and Minting: Grants ownership rights through participation in the creation of XEN and holding coins via self-custody.
- Tokenomics: Disinflationary nature due to increasing difficulty in minting new tokens as more participants join. No cap on the number of tokens.
Launch and Development
- Inception: Launched in October 2022 by the Fair Crypto Foundation.
- Creator: Jack Levin, a former Google executive.
- Impact on Ethereum: Notable usage of Ethereum's block size post-Ethereum Merge, influencing ETH gas prices and supply.
Trading and Usage
- Trading Platforms: Listed on several cryptocurrency exchanges, available for trading.
- Functionality: Similar to ERC20 tokens, allowing trading of other cryptocurrencies and NFTs.
- Ecosystem Connectivity: Connects to ecosystems like Uniswap for liquidity pools and limit orders.
Vision and Mission
- Community-Driven: Aims to be an encrypted asset driven by community values like decentralization and transparency.
- Accessibility: Provides an accessible and cost-effective entry into the crypto world through its unique economic model.
Additional Information
For more details, visit the Whitepaper.