XEN is a community building asset founded by Jack Levin, a legend in crypto spaces who started off minting Bitcoin back in 2011. His mission is to closely follow the five main Blockchain Tenets: decentralization, transparency, counterparty risk resistance, peer-to-peer value exchange and self-custody.
XEN mainnet began on Ethereum, but was later deployed on 10 other EVM chains, including Moonbeam, Fantom and Dogechain. Xen uses the same smart-contract across all chains and each chain has its unique name and value (see image).
You have the choice to either mint or buy Xen (currently available on 22 different exchanges). If you decide to mint, a blockchain transaction and gas fee payment are required in order to claim. Be aware, however, that minting is NOT an automated process, and delays in claiming XEN will gradually reduce your XEN reward. The penalty for failing to claim XEN is progressive, beginning at 1% and increasing to 99% after 7 days before remaining at 99% indefinitely. It is for this reason that I've given it 4 stars, because although XEN claims to the lowest barrier to entry through its unique tokenomics, the minting aspect (and timing of it) might put newbies off. Show Less
