With the recent partners of XEN Crypto mint, this article will introduce the XEN Crypto mint Guide in detail to help friends who do not know How to mint XEN Crypto to get started quickly.
Who launched XEN Crypto?
XEN adopts the PoP (Proof of Participation) mining mechanism. XEN mining participants own the ownership of the mined XEN tokens. As the number of participants increases, the mining difficulty increases and the supply decreases. There is no need to lock or pledge any assets to obtain XEN tokens, just connect the wallet to mint.
On August 13, 2022, Jack Levin tweeted about the FairCrypto Foundation and XEN Crypto's vision, developed by partners, with team members including computer science, communications, software and product development, marketing and investment. The goal of the FairCrypto Foundation is to realize its vision by educating, organizing and launching blockchain projects. Jack Levin is an open source technology expert and claims to be Google's No. 21 employee (1999-2005), but according to the public information inquired by PANews, Google's No. 21 employee is Marissa Mayer, who served as Yahoo's CEO, but according to multiple sources It is revealed that Jack Levin is indeed an early employee of Google, but his LinkedIn has not yet shown the experience of XEN Crypto.
XEN Crypto mint Guide:
First, open the official minting address and connect the package (Ethereum chain), you can see the current Global Rank (Global Rank) and the waiting period (Term, in days).
The Global Rank will continue to increase as the number of addresses participating in the minting increases, and the waiting period (Term) means you choose how many days to receive XEN.
The waiting period (Term, in days) is limited based on the total number of interactions participating in the protocol. Specifically, the initial maximum minting period is limited to 100 days until more than 5000 addresses participate in the minting, and as more and more participants join the protocol interaction, the waiting period will start to increase logarithmically.
According to the formula, the maximum waiting period for the 5001st address is 287.5 days, the maximum waiting period for the 405000th address is about 370 days, and so on.
By design, XEN has no upper limit. However, because the output function adopted is logarithmic, as more and more people join and participate in the casting, the difficulty of producing more XEN will continue to increase. This means that each new participant will either get less and less XEN, or need to significantly extend the waiting time to get XEN to get more XEN. That is to say, the only way to get more XEN from minting in the future is to extend the waiting time for receiving XEN.
User participation in the XEN system can be divided into the following three processes:
1. Participate in casting and get your ranking (cRank)
2. Claim your XEN tokens after expiration
3. Pledge XEN to get rewards or sell through exchanges such as Uniswap
Over time, as the difficulty increases, fewer XEN tokens can be minted, and even longer waiting periods have little effect. At this time, non-participating community members have a high probability to buy through the secondary market instead of waiting.
But at this time, the price of the secondary market will be subject to the current gas, participation scale, and waiting time. When the price reaches a certain critical value that users are willing to participate in casting, a large number of users in the community will participate in arbitrage, so that casting will be used to sell for profit. This also means that under the premise that the XEN system does not collapse, the pallet of XEN token prices is the current Gas, which also leads to the possibility that the Gas on the Ethereum chain may be in a short-term equilibrium state.
The above is all about the XEN Crypto mint Guide and How to mint XEN Crypto. Finally, investors should be reminded that there are risks in the market and investment should be cautious.
