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XEN is a virtual mining project built by the whole people. Everyone only needs to interact with the contract to start mining. XEN will become an encrypted 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 claim it when the number of days is up, and destroy it when it expires. After receiving it, you can continue to stake and mine repeatedly.
Features of XEN
-No pre-mining/no private placement
-Interact with the XEN contract to mine
-Permissions discarded, contracts cannot be tampered
-Will not (actively) go to a centralized exchange
-There is no upper limit to the supply, it is inflation at the beginning, and it will become deflation if more people participate -XEN is not PoW or PoS, but PoP (Proof of Participation) participation proof
- Initial supply is 0, free to buy and sell
- Token reward model based on number of participants and locking time
The amount of XEN mined depends on:
Your ranking, Crypto Rank (cRank),
Pledge time, T
Award amplification factor, AMP
Early support factor, 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 5000 participants, more days can be pledged Days=100+log2(total number of participating wallets) *15
XEN's locked APY starts at 20% annualized, and decreases by 1% every 90 days until it is reduced to 2% after 1620 days, and continues.
(It is important to note: after the number of days you locked XEN expires, be sure to pay attention to the time of collection. Suppose you choose 100 days, and you can claim your XEN on the same day after 100 days. You will lose tokens every day that passes , directly return to zero on the 7th day!)
How to do it:
Enter the page https://xen.network/mainnet /mint
Connect wallet, it will show
-Current total participating wallets
- Mining has started time
-The current maximum number of optional days
-AMP
-EAA
-APY
Click MINT FREE XEN below, select the number of days to be locked, confirm and complete the contract interaction to start mining