Welcome to Kafycrypto, your number-one crypto news, and marketing channel. In this short and precise content, i will be showing you how to mint XEN token on trustwallet.
Before minting the token, is important that you know what the xen token is all about and also the creators behind it
What is XEN token
XEN token is an ERC-20 token built on the Ethereum netwoork. It’s based on the first rules of crypto like decentralization, self-custody, transparency, and trust through consensus. The XEN smart contract is immutable, it has no admin keys, and it’s open source and the main currency for the platform is XEN token.
XEN MINTING IN 10 EASY STEPS
- Download and install Trust wallet
- Go to https://xen.network/mainnet/mint
- Connect your wallet depending on the network you want to use, eth, bsc and polygon
- Decide on a mint term that is how many days you want to the minting to last
- Start minting
- Confirm the transaction
- Come back at the end of your mint term
- Connect your wallet
- Claim your XEN
- Confirm the transaction
Creator of Xen Crypto
Xen crypto was created by Jack Levin. Jack Levin is a serial entrepreneur who created ImageShack and Nventify, Google employee #21, Fair Crypto Foundation creator, and a biohacker. He came up with the idea of XEN, and he’s launching the smart contract.
The idea behind Xen Crypto is for the crypto community to educate others about the freedom to create and channel economic energy through the XEN token.
Notable Features of Xen Crypto
Infinite Supply While Bitcoin has finite supplies of 21 million BTC, Xen has no finite supply which means Bitcoin mining will end after reaching 21 million BTC while XEN will keep on going.
No huge amount of computing power needed: Bitcoin is mined using a computer that needs tremendous amounts of power, while XEN is minted by users by connecting their wallets to a dapp.
No limit on wallets Xen Crypto token allows users to create as many wallets the users want. There’s no limit. The only limitation is that once users have claimed their rank and are waiting for users tokens to be minted, users can’t claim another cRank with the same wallet. Users need until the end of their term to be able to restart the process again.
How does XEN Crypto token work?
XEN tokens can be minted by anybody for free. The only thing you need is an Ethereum wallet like Metamask or trust wallet, and some ETH to pay for the gas fee. First, you need to connect your wallet to the XEN dapp, indicate the number of days you want to spend on minting your XEN, and claim your cRank. You need to sign the transaction and pay the gas fee. Then you need to wait for the end of your term, and when this happens, you need to connect the wallet again, and mint XEN by signing the transaction and paying the gas fee.
The algorithm will automatically adjust the minting difficulty depending on the rank a user has and the number of people that joined the network after you. The XEN supply is inflationary at the beginning and disinflationary in the long run.