XEN Crypto Reshaping Decentralized Finance with No-Cost Minting Process
XEN Crypto, a unique cryptocurrency project, was launched on October 8, 2022, by Jack Levin, a former Google engineer and early Bitcoin miner. The mission of XEN Crypto is deeply rooted in Bitcoin's principles of decentralization, self-custody, and transparency.
XEN operates on 12 diverse blockchains, including Polygon, Binance Smart Chain (BSC), and Optimism. This multi-chain approach strengthens XEN's DeFi presence and provides a robust infrastructure for its operations.
One of the most distinctive features of XEN Crypto is its social mining token design, which includes a free minting model. Known as Proof-of-Participation (PoP), this model allows anyone to mint tokens for free, fostering a sense of community and inclusivity.
Since April 2023, the development of XEN Crypto has been in the hands of an anonymous community of developers and contributors, with no publicly identified individuals or formal organizations credited. This decentralized approach has been instrumental in the project's growth and evolution.
In April 2023, XENKnights NFTs were launched, sparking a price rally in XEN Crypto. These NFTs have added a new layer of engagement and value to the XEN ecosystem.
To incentivize long-term holding, XEN's staking rates decrease 1% every 90 days. This gradual decrease encourages users to hold onto their XEN tokens for extended periods, fostering a stable and sustainable ecosystem.
However, concerns about potential hyperinflation have been raised due to XEN's infinite supply. To address this issue, XEN Crypto's 'cRank' system adjusts minting difficulty based on network participation. This mechanism ensures that the minting process remains fair and balanced.
The high minting activity of XEN in 2022 consumed approximately 50% of Ethereum's block space, leading to increased gas fees. Despite this, XEN Crypto's DeFi presence is strengthened by its Uniswap liquidity pools and limit order capabilities.
As of June 26, 2025, XEN Crypto trades at ~$0.00000003384, with a $7,49M market cap and $1.89M daily trading volume. However, XEN currently ranks #3359 on CoinMarketCap, signaling a struggle for mainstream traction.
In conclusion, XEN Crypto is a unique and evolving project that continues to make strides in the cryptocurrency space. With its decentralized approach, innovative social mining token design, and active community, XEN Crypto presents an exciting opportunity for those interested in decentralized finance and digital assets.
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