XEN Crypto project analysis.
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Short Review by the Institute:
XEN is a gas mining project, and its mint token has no other threshold. Since the free mining began in the early hours of Oct. 9, the popularity of the project has increased rapidly, with mint's total number surpassing 100,000 within half a day. The project was built on the Ethereum blockchain, which accounted for nearly 50% of the cost of the Ethereum gas fee in the few hours of mint, driving up the gas price of the entire Ethereum network, while also accelerating the deflation of ether. Its token lock-in mechanism ranges from 1 day to 1000 days, and has not been applied in practice so far. Its properties should be close to the nature of a meme. The unit price of project tokens is low, the number of participants is large, and there is larger publicity, and the short-term outbreak growth is fast, so it is worth paying attention to.
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Narratives:
Mint tokens, List of mainstream exchanges. KOLs participation.
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Project introduction:
XEN is a social experiment where users pay gas fees and get tokens. There is no benchmark on the supply of project tokens, which are distributed only by the user's early mint, and the amount of coins allocated, depends only on the time and order of collection.
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Token function:
Staking at the moment.
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Token allocation:
Total amount: Unlimited, mainly obtained through minting.
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Investment institutions:
None at the moment.
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Project Outlook:
XEN belongs to the meme class of tokens, and its mechanism of minting tokens with gas fees is innovative to some extent. At the same time, all kinds of KOLs are actively propagating, its transmission speed is also faster, despite the bear market, setting off a wave of upsurge. The overall unit price of the token is low, and it also has a certain community base.. It may set off the second round of hyper-buy when the token be listed, which is worth looking forward to.
Basic Information
Token Name: XEN
Official website: https://xen.network/mainnet/
Block query: https://etherscan.io/token/0x06450dee7fd2fb8e39061434babcfc05599a6fb8
Project details:
XEN is a social experimental project with meme attributes. Users can mint tokens by paying gas fee, which is innovative..
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