Lately, I’ve been analyzing the current state of BXEN on Binance Smart Chain — and the truth is, minting BXEN right now is completely unprofitable. Take my own example: I minted a xenFT with 400 VMUs, which cost me around $5. The claim window is 502 days away, and I’ll need to pay additional fees to claim it when the time comes — probably a few more dollars. Meanwhile, the current value of the reward is under $2 at today’s price.
That means one thing: anyone minting now is almost certainly locking in a loss. And that creates a unique opportunity — because on the secondary market, you can “buy someone else’s loss” for less than what it cost to produce.
Minting? No thanks. DCA? Definitely yes.
Instead of burning capital minting at an AMP of 2014 (yes, that high!), I’m shifting towards a strategy of small, regular DCA into BXEN on BSC. Why?
-
It’s on the Binance chain — the biggest crypto exchange in the world, which has built massive infrastructure and will likely remain a key player for years to come. Ignoring that would be like ignoring the foundation of the current crypto landscape.
-
The top holder is... centralized exchange MEXC, and there are several other exchanges in the top 100 wallets holding significant amounts of BXEN. Looks like they’re hedging, just in case BXEN turns into something big.
-
There are still 5 years left of minting — which means inflation will eventually come to an end. As always in the XEN ecosystem: the further along we go, the more limited the supply becomes. And as we know: limited supply + growing demand = potential for price appreciation.
Buying Other People’s Mistakes as a Strategy
In XEN, no one had an unfair advantage. No VCs, no presale — everyone could mint freely. But… most people minted when the conditions were far worse than today. The secondary market is full of people who regret their decisions. And we can “comfort” them… by buying their tokens for a fraction of the cost. It may sound harsh, but that’s just how markets work.
To wrap it up: I’m not minting — but I am building a staking position by buying on the open market. I see this as an asymmetric risk bet. If XEN fails — my loss is minimal. But if it succeeds — having a share of the staking pool on the world’s biggest exchange chain could be a big win.
