XENFT (XEN Torrent)
XENFT is an innovative component of the XEN Crypto ecosystem, characterized as an ERC-721 non-fungible token (NFT). It stands out through its unique batch minting process and the ability to back NFTs with XEN tokens.
Key Features of XENFT
- Uniqueness: Each XENFT has distinct properties like term, maturity timestamp, cRank, AMP, EAA, count of VMUs, category, amount of XEN burned, and redemption status.
- XEN Torrent Protocol: A batch minter that virtualizes Ethereum addresses into VMUs (Virtual Minting Units), facilitating bulk minting of XEN.
- Security and Efficiency: Manages one private key for the entire batch of VMUs, enhancing security and simplifying the process.
Categories of XENFT
Apex Category:
- Description: Most exclusive and expensive, requiring substantial XEN burning.
- Classes: Includes Xunicorn, Exotic, Legendary, Epic, Rare, each marked with a Yin Yang symbol.
- Impact: Burning XEN reduces supply, potentially increasing its value.
Limited Category:
- Requirement: Burn 250 million XEN tokens.
- Availability: Limited time post-launch.
- Symbol: Distinguished by a rabbit symbol.
Collector Category:
- Purpose: For minting XEN in batches using XEN Torrent contract.
- Classes: Named after gemstones, representing the number of VMUs and minting term duration.
Additional Aspects
- Gamification and Art: Introduces an element of gamification and artistic expression.
- Collectible and Future Utility: Each XENFT is a collectible with potential future utility in various applications.
For more detailed information, visit the XENFT Litepaper.