The ecology has begun to take shape: support 12 chains, add 5 projects, and even have BitcoinNFT .
Written by: Loopy Lu
XEN has risen steadily for almost a week. And it is not only XEN that has risen simultaneously, but its ecological projects have also risen generally.
When we have an overview of XEN, it is not difficult to find that this is no longer the simple and single XEN at that time.
Meme coins are constantly doing things, and even come up with ecological projects.
At present, XEN has begun to take shape, with XEN, XENFT , XEN Torrent , DBXEN , Xenlon and other products. That's pretty shocking for a meme coin. It has been about half a year since the release of XEN, but the Chinese world does not pay much attention to the follow-up progress of the XEN project. Odaily Planet Daily brings you a comprehensive but concise interpretation of XEN's "new" products.
XEN "family bucket" generally rose
According to Coingecko data, the price of XEN currency is currently 0.0000096, an increase of 47.3% on the day, and the increase has doubled in three days. If you look back at the weekly rally, it has risen steadily to three times.
XLON, which also belongs to the XEN ecosystem, also performed well.
According to Coingecko data, XLON has risen from the lowest point of 0.00000043 this week to the current 0.00000073. Today also created a 37% single-day increase.
In addition, the ecological project DBX also recorded a one-day increase of 5.7%.
What is XEN?
When XEN was launched in October last year, it blew up the encryption world. XEN triggersGas War and leads to high Gas fees. In just a few days, millions of addresses participated in the mining of the project.
XEN pays Gas and interacts with the contract to participate in mining. Users need to customize the time they want to "mine". After the time expires, they can receive XEN tokens.
However, the difficulty of its output is continuously increasing logarithmically, following a fixed formula. Last year, Odaily Planet Daily was in the " Google ex-employees? Have you ever led Return to Zero Earth Dog? Analyzing the Suspicious Clouds in the Background of the XEN Team " is explained in the article, so I won't repeat it here.
To put it simply, the earlier a user participates in casting and the longer the lockup time, the more XEN will be produced.
After mining XEN, users can stake it. Similar to mining, the earlier you stake, the longer the selected staking period, and you can enjoy higher APY for a longer period of time.
The latest developments in XEN
XENKnights is a new product launched recently. Interestingly, although XEN was originally deployed on the Ethereum network, XENKnights is a Bitcoin NFT.
XENKnights consist of 100 coins minted using the Ordinals protocol. The sale uses a common public auction model, and the 100 addresses with the highest bids will get this NFT. Its auction started on April 17 and will end 72 hours after it started, and it is still under auction.
For its auction bidding, only XEN is accepted as the payment method. And all XEN will be destroyed after the auction.
Real-time data shows that the current highest bid is 1.4 billion XEN, and even the 100th lowest bid is 1.01 million XEN. According to current price estimates, the highest price is about 13,700 US dollars, and the lowest price is 10 US dollars. But the auction is still going on, and the reserve price may continue to rise.
XEN Emerging Ecosystem
At present, XEN has already launched Multichain support, and users can mint XEN on up to 12 chains. In addition, the official also launched a batch casting tool.
We were surprised to find that the XEN ecosystem currently has multiple projects. However, most of these projects have similar gameplay and lack of innovation.
However, from another point of view, it can also be called ecological projects with strong synergy—all ecological projects use “Burning XEN” as the core of interaction.
The following Odaily Planet Daily will make a brief inventory of product functions and ecological projects.
XENFT
XENFT is a derivative of XEN NFT. The product interfaces with XEN via the Proof of Burn protocol, the purpose of which is to act as a medium of exchange.
Every published XENFT has the following attributes:
Term: casting days
Maturity Timestamp: Maturity time
cRank: Foundry Rank
AMP: time amplification factor
EAA: Early Adopter Reward Factor
In simple terms, this asset can be thought of as a voucher for a batch of Mint XEN. Holding this asset is equivalent to holding the right to receive XEN in the future. This asset also activates the Liquidity of XEN, enhances capital efficiency, and allows minters to realize the long-term XEN in advance (or pledge to earn income). XENFT complies with the ERC-721 standard, and this NFT is completely freely tradable.
XEN Torrent
The XEN Torrent protocol is an official casting tool provided by XEN. The protocol can automatically execute a series of on-chain transactions to maximize the minting amount of XEN through the Ethereum address of the virtual minting unit (VMU, Virtual Minting Unit), which users can control through the XEN Torrent smart contract.
With the help of this tool, users can conveniently achieve rapid batch minting, avoiding the trouble of switching back and forth between different accounts, and can also save a gas fee for transferring to multiple accounts. When the XEN minting expires, the user can perform batch Claim operations through the controlled VMU, and transfer XEN to the address specified by the user in batches.
The XEN torrent protocol is non-upgradeable, has no administrative keys, is open source, and is audited. The security of users using the protocol is ensured.
DBXEN
DBXen is not a new function of XEN itself, but an ecological project of XEN, which aims to contribute to the deflation of XEN. The project went live in mid-February.
DBXen issues its own native token, DXN, which can only be minted by burning XEN. DXN tokens are continuously minted over a period of approximately 62 years. In the process, as long as you hold DXN, you can get passive income.
The token also adopts a fair issuance model, the contract cannot be upgraded, no administrator key is set, and there is no pre-mining, appropriation, or private placement.
(burn XEN to get DXN)
Xenlon Mars
Similar to DBXEN, Xenlon Mars is also an ecological project of XEN. The project has a native token XLON.
The casting method of the project is also simple and rude. You can get XLON by burning DXN. This is the third native token of the XEN ecosystem.
FENIX
FENIX is the latest XEN ecological project. The official stated that the product is designed to reward members of the encryption community who believe in the principle of "encryption first".
In short, its usage is still extremely simple - burn XEN, cast FENIX.
But the difference is that in the follow-up reward distribution process, FENIX encourages users who hold FENIX for a long time. After users hold FENIX, they can pledge to obtain higher rewards. The reward rules are similar to XEN’s time mining method. Users can set the lock time by themselves. The longer the lock, the richer the reward.
The project is not currently live, but it is planned to be live in the next few days.
Meme is doing things, how is the way forward?
In the past, when we mentioned "the project party is doing something", it was more of a joke. But now, a meme coin actually does a lot of things.
XEN is not an isolated case of "meme doing things" in the recent crypto market. The "leader" of meme currency, Doge once derived anEVM L1 chain DogeChain named after Doge . The Buidl of Shiba Inu Coin SHIB is more thorough, even announcing that it will develop the Layer 2 network Shibarium. Officially announced by SHIB , there is no hidden worry about "Li Gui", and it is more empowered by the SHIB community.
When the encryption world lacks major technological breakthroughs, even if Memes "transform and do things", we take a more tolerant and encouraging attitude.
However, the encryption market is always a complex and changeable market. It is difficult to judge whether the external changes of the project are closely connected with the internal fundamentals. Odaily Planet Daily also invites investors to pay attention to risks and participate cautiously.
Attached:
XEN official website: https://xen.network/
Ecological data board: https://xen.pub/
DBXen: https://dbxen.org/
Xenlon Mars: https://www.xenlonmars.com/
FENIX: https://fenix.fyi/
