$XEN has been in the top gas guzzlers on @etherscan since its launch in early October. At its peak, almost 50% of @ethereum's block size was consumed by #XEN.
What is @XEN_Crypto and how does it work? Let's unpack! 🧵
What is @XEN_Crypto and how does it work? Let's unpack! 🧵
1/ What is the #XEN Cryptocurrency?
• The $XEN cryptocurrency has no supply limit and leverages the Proof-of-Participation (PoP) consensus mechanism.
• It allows users to utilize Ethereum-based wallets to mint new tokens by paying the applicable Ethereum gas (transaction) fees
• The $XEN cryptocurrency has no supply limit and leverages the Proof-of-Participation (PoP) consensus mechanism.
• It allows users to utilize Ethereum-based wallets to mint new tokens by paying the applicable Ethereum gas (transaction) fees
2/ Who founded @XEN_Crypto?
• It was created by the Fair Crypto Foundation, backed by ex-Google employee @mrJackLevin.
• Dubbed as a “people’s token”, #XEN is based on principles like “self-custody, trustless consensus, and decentralization.”
• It was created by the Fair Crypto Foundation, backed by ex-Google employee @mrJackLevin.
• Dubbed as a “people’s token”, #XEN is based on principles like “self-custody, trustless consensus, and decentralization.”
3/ #XEN’s impact on #ETH
• The surge in interest in XEN has caused a dent in ETH emissions, rendering ETH to be deflationary (for now).
• XEN was launched on 8th October, and since then, there’s been a steady downward trend for the supply of ETH.
• The surge in interest in XEN has caused a dent in ETH emissions, rendering ETH to be deflationary (for now).
• XEN was launched on 8th October, and since then, there’s been a steady downward trend for the supply of ETH.
• At its peak, @etherscan data indicates that XEN minting has accounted for over 40% of all @ethereum transactions and has increased Ethereum gas fees above $1.
4/ Unique features of #XEN
(i) Mining requires a small amount of computing power: You can mine XEN crypto by linking your wallets to the XEN dAPP.
(ii) No limit on wallets: XEN allows you to create as many wallets as you want, as long as you’re willing to pay the gas fees.
(i) Mining requires a small amount of computing power: You can mine XEN crypto by linking your wallets to the XEN dAPP.
(ii) No limit on wallets: XEN allows you to create as many wallets as you want, as long as you’re willing to pay the gas fees.
And... We're only scratching the surface of @XEN_Crypto! Read our detailed guide to learn more about its use cases and how to mint $XEN ⬇️ gcko.io/7ptff0t
@XEN_Crypto RT and follow us if you learnt something new today!
What #crypto should we tweet about next? Let us know 👇
What #crypto should we tweet about next? Let us know 👇
https://twitter.com/coingecko/status/1586316388926427136
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