XEN Crypto (XEN) is a new addition to the cryptocurrency market. It is an ERC-20 token built on the Ethereum blockchain platform.
It is an open-source platform without pre-minting facilities and admin keys. XEN token treats all its users equally and provides them equal opportunity in mining the crypto token.
XEN operates based on the Proof of Participation (PoP) protocol. The PoP protocol allows ownership rights only to participants of XEN Crypto creation and transactions. That means you are the sole authority of the crypto coins that you mint.
In this article, you will read more about the XEN token, the principles based on which it works, and its scope as an emerging cryptocurrency investment in the coming years.
XEN Crypto: What Is It?
XEN Crypto, an ERC-20 token, was initially launched on the Ethereum platform on October 8, 2022. Jack Levin, a former Google employee, a Bitcoin miner, and a biohacker, is the brain behind the creation of XEN.
Due to its instant popularity, the XEN token was subsequently launched on 9 other blockchain platforms such as Polygon, BSC, Avalanche, Ethereum PoW, Moonbeam, Evmos, fantom Dogechain, and OKX Chain.
The Principles of XEN Crypto
The token operates on the principle that everyone is their own bank, and everyone should be able to mint coins in a trustworthy manner.
XEN endeavors to offer freedom of choice and independence to its users. The following are the principles that guide the operation of the Crypto.
Self-Custody
XEN Crypto is an open-source platform that does not encourage the use of admin keys. It considers its users as the sole authority in custody of the keys.
XEN does not recommend listing on any crypto exchanges and gives its users the power of decision-making. This enables the users to mint their own coins as per their needs.
Transparency
XEN is an open-source platform. So, no one can change its code. The codes are visible to everyone and anyone can verify the code.
Any new developments are visible on the chain. The whole process behind the working of this Crypto is highly transparent.
Decentralization
XEN follows the principle of decentralization, i.e., there is no central authority that manages its work or is capable of changing its code.
There are no admin keys or pre-minting opportunities so that a centralized authority can manipulate or reconstruct its code.
How to mint XEN Crypto?
XEN Crypto minting is a very easy process that enables all its users to mint coins in a fast manner. Follow these steps to mint your own XEN coins:
- Download and install the Metamask wallet.
- Go to xen.network and connect your wallet to the platform.
- Choose the mint term, i.e., the number of days you wish to mint the coin.
- After selecting the mint term, click on the “Start Minting” button to start the minting process.
- Confirm the transaction.
- After the mint term ends, connect your wallet again to collect the minted coins.
- Claim your XEN coins by clicking on the “Claim” button.
XEN Price Prediction 2024-2030
The current price of XEN Crypto is $ 0.0000003511. Coincodex predicts that the price of XEN will rise by 230.05% and reach $ 0.000001166 by May 29, 2024.
The price would rise by 378.38% in 2025 with a yearly high rate of $ 0.000001681. In 2030, the price is predicted to reach $ 0.000001465 with a rise of 316.91%.
The general prediction sentiment of XEN is bearish by 64% with 18 technical analysis indicators showing bearish tendencies, i.e., the market outlook is more likely to be negative with falling prices.
Is XEN Crypto a Safe Investment in the Coming Years?
Various market analysts predict the price of XEN Crypto to fall in the coming years. Since it is a decentralized, open-source token, the market for XEN tends to be associated with low investor confidence.
XEN is highly unstable. Therefore it is not a dependable means of investment in the coming years, and investors should analyse the market conditions before deciding to invest in XEN Crypto.
