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description: What is Xen Crypto? Learn about the Xen Crypto token and its features. head:

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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.