{"data":{"id":22118,"name":"XEN Crypto","symbol":"XEN","slug":"xen-crypto","category":"token","description":"## What Is XEN?\n\nXEN Crypto is a social mining project. The XEN token is the native cryptocurrency of the XEN Crypto, focused on building a community of like-minded individuals. XEN maintains transparency by using the ERC20 token standard and a streamlined codebase. Removing pre-minting, admin keys, and origin (OA) wallets ensures equitable treatment of all participants in the XEN ecosystem. Any users can mint XEN tokens on [Ethereum](https://coinmarketcap.com/currencies/ethereum/) using compatible wallets.\n\nAlso, XEN is categorized as a Proof-of-Participation (PoP) cryptocurrency and is different from Proof-of-Stake (PoS) or Proof-of-Work (PoW) tokens. Ownership rights are granted to those who participate in the creation of XEN and hold their coins through self-custody.\n\nAfter the Ethereum Merge, at one point, XEN used nearly 50% of Ethereum's block size, dominating the burn leaderboard and causing a rise in ETH gas prices. Since it launched on October 8, XEN caused a decline in ETH supply for a period of time.\n\n## Who Are the Founders of XEN?\n\n\n## The XEN token was designed by the Fair Crypto Foundation and launched in October 2022. Jack Levin, supposedly a former Google executive, is the creator of the XEN Crypto.\n\n\n## What Makes XEN Unique?\n\nXEN provides users with similar functionality to an ERC20 token, allowing them to trade other cryptocurrencies and NFTs. In addition, users can connect to the Uniswap ecosystem to create liquidity pools and limit orders. XEN's ultimate objective is to achieve maximum liquidity by promoting widespread adoption.\n\nThe tokenomics of XEN are disinflationary due to the naturally sloping adoption curve, which follows a logarithmic pattern, making it increasingly difficult to mint more tokens as more participants join. Although XEN does not have a cap, the growing difficulty of generating additional tokens ensures that its tokenomics remain disinflationary. \n\n\n### Related Pages:\n\nLearn more about non-fungible tokens (NFTs) with [CMC glossary](https://coinmarketcap.com/alexandria/glossary/non-fungible-token).\n\nCheck out our guide on [how to read and analyze a white paper](https://coinmarketcap.com/alexandria/article/how-to-read-and-analyze-a-white-paper).\n\n\n## How Many XEN Coins Are There in Circulation?\n\nThe supply of XEN is created solely through the minting of coins by individuals participating in the Proof-of-Participation (PoP) protocol, with no initial supply of coins available for the cryptocurrency. The circulating supply is not available as well.\n\n\n## How Is XEN Secured?\n\nXEN operates on the Ethereum blockchain as an [ERC-20 token](https://coinmarketcap.com/alexandria/glossary/erc-20), secured through [Proof-of-Stake](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos) — the Ethereum network’s [consensus mechanism](https://coinmarketcap.com/alexandria/glossary/consensus-mechanism) after the Merge. This mechanism uses validators to confirm transactions, and validators [stake](https://coinmarketcap.com/alexandria/glossary/staking) 32 ETH to participate in consensus and validating transactions.\n\nXEN is also available on other chains like BNB Smart Chain, Polygon, Avalanche and more.\n\n\n## Where Can You Buy XEN?\n\nAs of April 2023, XEN is listed on numerous cryptocurrency exchanges, including Uniswap, Huobi and MEXC. The top exchanges to trade XEN are [Uniswap v2](https://coinmarketcap.com/exchanges/uniswap-v2/), [Uniswap v3](https://coinmarketcap.com/exchanges/uniswap-v3/) (Ethereum), and [PancakeSwap v2](https://coinmarketcap.com/exchanges/pancakeswap-v2/).\n\nWant to keep track of XEN prices live? 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