Why XEN is Unique

Features and Benefits of the XEN Protocol

XEN Truly Adopts 1st Principles of Crypto:

• Permissionless

  • Anyone, anywhere with an internet connection and a web browser can connect to the XEN protocol via the website.

• Transparent

  • All code for the XEN protocol is open-source. See it on github.

• On-chain

  • Transactions of XEN occur on a distributed, public ledger.

• Immutable

  • Immutable transactions make it impossible for any entity (for example a government or corporation) to manipulate, replace, or falsify data stored on the network.

• Trustless

  • Trustless means that you don't have to trust a third party: a bank, a person, or any intermediary that could operate between you and your cryptocurrency transactions or holdings. XEN is a trustless system.

• Self-custodial

  • Self-custody signifies that only you have the possession of your XEN or other digital assets because you control the private key(s) of your own wallet(s). You have the responsibility to safeguard access to your private key(s) because it is not stored anywhere else and cannot be recovered if the keys are lost.

• FREE mint in perpetuity

  • You don't have to exchange any form of value to acquire XEN tokens. However, note that every time you interact with the protocol you will have to pay for gas, or in other words, a transaction fee.

• Lowest barriers to entry possible

  • XEN removes unnecessary obstacles for adoption by reducing the amount of steps needed to interact with the blockchain protocol. All anyone needs is a smartphone and an internet connection to mint XEN.

• Accelerates crypto adoption

  • With FREE mint of XEN in perpetuity and the removal of unnecessary on-ramping barriers, Crypto adoption is given the chance for exponential increase. XEN has devised an optimal solution by rewarding early adopters, while simultaneously retaining its high value to later adopters many decades to come.

• EASY to participate

  • XEN protocol has intentionally made it very simple to participate for any new user. This is true in terms of minimized practical, technical and theoretical pre-qualifications, minimized need of previous knowledge of Crypto, and the removal of the need to transact existing value, or fiat, in order to acquire XEN tokens. We have streamlined user experience with the minimal amount of inputs required. All that is required is an internet connection, a web browser, a wallet and gas to pay transaction fees.

• Decentralized

  • Decentralization is the process by which the activities of an organization, particularly those regarding planning and decision making, are distributed or delegated away from a central, authoritative location or group. XEN aims to achieve a significantly higher level of decentralization than any other digital asset, through its design features and adoption.

• Transactional friendly

  • The XEN token is a value entity (i.e. the value is its participation in the greater scheme of which it is a part of), intended to be optimal for p2p exchange - thus a medium of exchange.

• Minimal amount of code <400 lines

  • The XEN protocol is streamlined for its purpose. The protocol consists of less than 400 lines of code in total. This feature ensures efficiency, lower transaction fees, broader understanding, as well as less points of failure.

• Viral tokenomics

  • The XEN mint formula is designed to incentivize maximum adoption of the protocol. Through the rank delta function everyone benefits from adoption. The time-dependent reward amplifier(AMP) and the early adopter amplification factor (EAA) are designed to incentivize early adopters who, through their Proof-of-Participation (PoP), help build the network.

• Encourages long-term investing

  • The ever-increasing mintTerm (T) incentivizes users to delay their gratification by prolonging minting through the activation of the XEN mint formula. This creates a sustainable, less volatile and more robust network effect.

• Yield optimization built in

  • XEN protocol's mint formula and stake function makes optimizing the yield for any user easier than ever, with minimal requirement of previous knowledge of Crypto or investing and less components needed to adjust for optimal yield per interacted wallet address.

• Great sustainable staking rewards

  • XEN prototcol incentivizes sustainability and high adoption growth of the of the network by offering comparatively high staking rewards. The APY rewards are programmed on a time-based algorithm, starting at 20% on XEN genesis and decreasing until it reaches 2%, whereupon it will stay indefinitely.

• Community built and driven

  • XEN protocol is built, iterated and fostered by the XEN community, which encourages inclusivity and p2p education. XEN protocol is built by people for people.

• Value and ethos driven foundation

  • XEN is a project initiated by the Fair Crypto Foundation. The Fair Crypto Foundation aims to empower the individual in navigating the evolving world of cryptocurrencies through understanding of the first principles of Crypto. In our view, the first principles of Crypto are self-custody, transparency, trust through consensus, and permissionless value exchange without the counter-party risk as originally envisioned by Satoshi Nakamoto's whitepaper. https://faircrypto.org

• Experienced founder

  • XEN protocol, as well as the Fair Crypto Foundation, has been devised by Jack Levin, an open-source technologist and an early Google Engineer (‘99-05). Jack Levin has 30 years of open-source experience, is highly educated and competent within the areas of open-source, scalability and Crypto.

• Audited

  • The XEN protocol has undergone a 3rd party audit to make sure that it is as secure as possible. The audit is done by CertiK, the leading security-focused ranking platform to audit and monitor blockchain protocols. Anyone considering interacting with the XEN protocol is advised to take part of the audit and make an individual decision of the risk/reward. The audit is in no way a guarantee for safe interaction with the XEN protocol. View the audit here.

Design choices have also been made to the XEN protocol to eliminate known points of failure and unnecessary uncertainties:

• No counterparty risk

  • Counterparty risk is the probability that the other party in an investment, credit, or trading transaction may not fulfill its part of the deal and may default on the contractual obligations. XEN eliminates the risk completely, simply by removing any counterpart between a user and the protocol.

• No initial supply, starts at 0

  • At genesis, T=0, there will be 0 supply of XEN. Supply can only be generated by users interacting with the protocol through the process of first claiming a cRank by connecting their wallet, then choosing T, the mint term and at T, claiming the mint. XEN protocol emphasizes delayed gratification as a means of greater reward later.

• No pre-mint

  • No address will have pre-minted XEN before genesis, even Jack himself. This can be verifiable.

• No maximum cap on the supply

  • XEN has no cap on supply. For the purpose of achieving adoption in perpetuity this is a necessity. Although XEN is inflationary initially to stimulate adoption, it becomes disinflationary with time (log rank delta + reducing AMP) and increased adoption (cRg and EAA) - making it increasingly difficult to mint new XEN. The only way to acquire more XEN will be to increase T, i.e. choose a longer mint term, and delay gratification.

• No team allocation

  • XEN protocol has no team attached to it. All contributors will have an equal opportunity to participate in the XEN protocol. This also removes the potential burden of misaligned incentives between the team and the community. As seen in other Crypto projects, teams may make short-term decisions in order to pump the price, to then sell their shares. Whether this is conscious or unconscious, intentional or unintentional - with XEN this will never be an issue.

• No VCs

  • No venture capital has been acquired for XEN protocol. Venture capital can fill a practical function in the creation of value by enabling new ideas to reach the market. However, venture capital is neither needed nor preferred to attach to the XEN protocol. The XEN protocol will not reward and has not rewarded any contribution made to the making of XEN protocol.

• No admin keys

  • The XEN protocol is not attached to any private keys that can influence the protocol.

• No hidden doors

  • The XEN protocol has no hidden doors built in.

• No Origin Address (OA)

  • There is no financial liquidity control or centralization. XEN protocol removes all unnecessary uncertainties.

• No centralization

  • It is highly unlikely that one party will ever own more than 1% of the whole XEN network.

• No CEX (listing/route)

  • XEN is intended to only live on DEX's (decentralized exchanges). To achieve true self-custody this should be encouraged. By removing the CEX (centralized exchange) route and minimizing the steps needed to start interacting with not only the XEN protocol but in turn any other digital asset, world-wide adoption for XEN but also decentralized digital assets may be exponentially increased.

• No HODL needed

  • XEN is something you don't need to HODL (i.e. hoarde for a long time). Once XEN is staked on the protocol, it gets burned. Burning is the process that effectively takes tokens out of circulation, reducing the total supply of XEN and, in some cases, increasing its demand. When XEN later becomes unstaked by the user, the XEN protocol re-mints the users XEN together with the APY.

• No loss of principal if EES, only APY

  • If a user decides to end their stake early (EES), the user will not lose their staked XEN. Only the APY will be lost. This creates flexibility for the users to obtain their XEN if they want, while keeping them incentivized to continue staking.