How XEN Crypto Is Redefining DeFi Through Free Minting

XEN Crypto, launched on October 8, 2022, by Jack Levin, a former Google engineer and early Bitcoin miner, is all about cryptocurrency accessibility. Built on Ethereum and now spanning 12 blockchains, XEN’s Proof-of-Participation (PoP) model lets anyone mint tokens for free, fostering a community-driven ecosystem. With over 600,000 holders and a mission rooted in Bitcoin’s principles of decentralization, self-custody, and transparency, XEN is a beacon for equitable crypto.

The Core of XEN

XEN’s Proof-of-Participation (PoP) model sets it apart from Proof-of-Work or Proof-of-Stake systems. Users connect a Web3 wallet (e.g., MetaMask) to xen.network, pay minimal gas fees, and choose a waiting period to mint XEN tokens. The “cRank” system adjusts minting difficulty based on network participation, following a logarithmic adoption curve that makes minting harder over time. This disinflationary design, with no pre-minted supply, ensures fairness. XEN’s immutable, open-source smart contract, free of admin keys, supports secure trading on exchanges like MEXC and Uniswap, enhancing liquidity.

Imagine you connect your MetaMask wallet to xen.network on Polygon to mint XEN. You pay $0.50 in gas fees and chooses a 10-day wait. Your cRank is 1,000 (based on prior minters). After 10 days, you mint 10,000 XEN tokens, calculated by XEN’s formula (tokens = cRank × log(days)). If you would have waited 20 days, your reward could double, but gas fees vary by chain and network congestion.

As of June 26 2025, XEN trades at ~$0.00000003384, up 0.15% in 24 hours, with a $1.89M daily trading volume and $7,49M market cap (195.19T circulating supply which is self reported), as per CoinMarketCap.

Recent Updates Driving XEN’s Growth

XEN has evolved significantly by June 2025, with key developments boosting its ecosystem:

• Multi-Chain Expansion: XEN now operates on 12 chains, including Polygon, BSC, and Optimism, improving accessibility and reducing gas costs on layer-2 networks.

• Staking Enhancements: Rates decrease 1% every 90 days, incentivizing long-term holding.

• XEN Knights and Community Initiatives: The April 2023 launch of XENKnights NFTs sparked a price rally, and community tools like inflation trackers enhance user engagement.

• DeFi Integration: XEN’s Uniswap liquidity pools and limit order capabilities strengthen its DeFi presence, with 600,000+ holders driving adoption.

These updates underscore XEN’s focus on scalability and community empowerment, aligning with its Fair Crypto Foundation roots.

Criticisms of XEN

While XEN’s model is innovative, it faces some critique:

• Hyperinflation Concerns: Its infinite supply worries some, with few noting hodling challenges due to inflation.

• Gas Fee Impact: In 2022, XEN’s minting consumed ~50% of Ethereum’s block space, spiking fees, though multi-chain support mitigates this.

• Low Market Rank: At #3359 on CoinMarketCap, XEN struggles for mainstream traction.

These issues are offset by XEN’s transparent design and growing DeFi integrations, with community tools addressing inflation concerns.

XEN’s Path Forward

XEN Crypto’s free minting, multi-chain presence, and community focus make it a standout in DeFi. Recent updates, like staking rate adjustments and XENKnights, bolster its ecosystem. Despite minor criticisms around inflation and past gas fee issues, XEN’s transparent, immutable design and 600,000+ holders signal strong potential. It’s a high-risk, high-reward token for those betting on decentralized innovation.

FAQs

Q: What is XEN Crypto?
A: A social mining token on Ethereum and 12 chains, using PoP for free minting, with no pre-minted supply.

Q: How do I mint XEN?
A: Connect a Web3 wallet to xen.network, pay gas fees, select a wait period, and mint tokens.

Q: What’s XEN’s price today?
A: $$0.00000003384, with a $1.89M 24-hour trading volume as of June 2025.

Q: What are XEN’s main criticisms?
A: Hyperinflation, past gas fee spikes, and low market rank, though mitigated by design and updates.

Q: Where can I trade XEN?
A: On MEXC, KuCoin, Uniswap, or Huobi, with staking options on xen.network.