I am with Xen project before it was released on October 2022. So I am very early to the project, this is the first time that I follow since the beginning and I will probably for the next year or decades. Today I want to show some more people about it, about new opportunities that I don't want to miss out on.
So what is it?
Xen is fair launch crypto with the most important rule in the ecosystem, the First Principles of Crypto. That means Xen is distributed to the public on the same rules for everyone, even for founders. There are no admin keys, allocations, etc. like in most crypto projects, there is a simple mint to earn protocol, which means we mint on address, pay gas fees and wait the amount of time, at this moment 1-449 days which of course longer means higher rewards in Xen. Everything is programmed once and goes on, no one can stop it or change rules.
Tokenomics
I think tokenomics here are really important to understand. We have no cap, yes no cap, but not really. Everything is clearly written in the lite paper. Xen is now in fair distribution, this is the first phase of "hyperinflation". But there is a moment that this will be stopped and inflation is gonna be on max 2% a year. With a staking program that is implemented. For a better understanding look at this picture.
As we can see, after 8 years mint literally stops and will be just not even worth doing or maybe it will be but how much xen would be cost per each? But stop with the speculations for now. The next big thing is burn mechanics. Burning means we can burn our xen in the ecosystem in other projects that are building over xen. So that means xen will be at the end deflationary even with that 2% APR stake program. Now it is 18% and the max term is and will be always 1000 days per stake.
Stake Program
Speculation time
I would like to make some speculations. About Xen tokenomics and future price possibility. We know that in the next 7.5 years, xen mint literally stops. We know that there will be maxed 500T tokens.
At this moment minting progress looks like that.
We also know that burning is working very well, picture.
With that data when I am looking at Shiba Inu
let's do maths when the price for the token is 0,00001112$. and the whole market cap is now around 6 500 000 000$ so that means if Xen has the same market cap Xen will be more expensive. Xen has for now around 9B tokens in liquidity and it is used by burning in the whole ecosystem. That ecosystem has only 180 days so how huge it is gonna be in the next 7,5 years? how much Xen cap is gonna be burned how much cash is gonna flow to the whole crypto market in the next years? All of that questions are drilling me every day. And last fact about Xen for today. In the future gonna have their native blockchain which devnet is already live, called X1.
Follow if you want to know more about Xen, an ecosystem, and founder Jack Levin. I will be updating everything I am learning in the near future.
