-
Cryptocurrencies
-
Exchanges
-
Media
All languages
Cryptocurrencies
Exchanges
Media
XEN is a virtual mining project jointly built by the whole people. Everyone only needs to interact with the contract to start mining. XEN will become a crypto asset jointly created by the community, bringing together all people with the same consensus. XEN is a virtual mining machine. The sooner you participate, the more coins you can mine. Choose the time to mine. You can collect it when the number of days you reach, and it will be destroyed when it expires. After receiving it, you can continue to pledge and dig repeatedly.
XEN's Features
-No pre-mining/no private placement
-Interact with XEN contract to mine
-Permission discarding, contracts cannot be tampered with
-Not (actively) on centralized exchanges
-The supply is unlimited, it is inflation at the beginning, and if there are too many people participating, it will deflate -XEN is not PoW or PoS, but PoP (Proof of Participation) proof of participation
- Initial supply is 0, free to buy and sell
- Token reward model based on number of participants and lock time
The number of XEN mines depends on:
Your ranking, Crypto Rank (cRank),
Staking time, T
Reward magnification coefficient, AMP
Early Support Factors, EAA
AMP:time-dependent Reward Amplifier EAA:Early Adopter Amplification factor
Quantity = 𝚕𝚘𝚐𝟸(𝚌𝚁𝙶 − 𝚌𝚁𝚞) * 𝚃 * 𝙰𝙼𝙿(𝚝𝚜𝟶) * (𝟷 + 𝙴𝙰𝙰(𝚌𝚁𝚞))
XEN can choose the pledge time, the initial is 100 days. After more than 5,000 participants, more days can be pledged. Number of days = 100+log2 (total number of participating wallets) *15
XEN's locked APY starts at 20% annualization, decreases by 1% every 90 days until it drops to 2% after 1620 days, and continues.
(Be sure to note: after the number of days you lock XEN expires, be sure to pay attention to the collection time. Suppose you choose 100 days and collect it on the same day after 100 days, you can collect your XEN in full. Every day you will lose tokens and return to zero directly on the 7th day!)
Practical operation method:
Enter the webpage https://xen.network/mainnet/mint
Connect the wallet and it will be displayed
-The current total number of wallets involved
-Mining has been started
-The current maximum number of days
-AMP
-EAA
-APY
Click on MINT FREE XEN below, select the number of days to lock, confirm and complete the contract interaction to start mining