XEN is a community-built virtual mining project where anyone can start mining simply by interacting with the contract. XEN will become a crypto asset jointly built by the community, bringing together all those who share the same consensus. XEN is like a virtual mining machine, the earlier you participate, the more coins you can mine. Choose the time you want to mine, and you can claim your coins when the time is up. It will be destroyed if expired, and you can continue to stake and mine repeatedly after claiming.
Features of XEN
- No pre-mine/no private sale
- Mine by interacting with the XEN contract
- Abandonment of permissions, contract is immutable
- Will not (actively) list on centralized exchanges
- Unlimited supply, initially inflationary, will become deflationary as more people participate - XEN is not PoW, nor PoS, but PoP (Proof of Participation)
- Initial supply is 0, free to buy and sell
- Token reward model based on the number of participants and lock-up time
The amount of XEN you can mine depends on:
Your Crypto Rank (cRank),
Staking time, T
Reward Amplifier, AMP
Early Adopter Amplification factor, EAA
AMP: time-dependent Reward Amplifier EAA: Early Adopter Amplification factor
Amount =