From what I am reading with XEN it is sounding as if the project is trying to re-write the laws of market dynamics which is a bit ridiculous.
‘the well-known cryptos are overbought (pumped) and subsequently sold off (dumped)’.
Yes, this happens in every single market to every single asset on the planet so I don’t really get the point they trying to make here.
‘The unknown cryptos are often left undiscovered for a long time by general investors while suffering from pre-mining and whale accumulation by the founding teams. XEN aims to solve both problems through a fair launch’.
Well yes, unknown cryptos are unknown for a reason – either they are rubbish or they have not been marketed well enough.
I agree minting tokens for free does help with the dilution of big holdings from founding teams, however in theory couldn’t someone just become a whale of XEN by continually minting it and diluent its supply this way?
Unless I am missing something it seems that XEN is just a smart contract that gives tokens to people who want to mint it? Even with a fair launch I don’t see what this project brings to the real world to give it a value that will steadily rise over time. Show Less
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