General Qs

Q: Why will XEN have value?

A: XEN token’s value is pegged to the difference between world’s inflation vs built-in distribution of the tokens. In short, the value of XEN is linked to its difficulty to be minted, which is very similar to Bitcoin. Ultimately, the value is created by the market forces of all participating parties. As more market participants get involved in generating XEN, the total amount of generated XEN drops (disinflation) and is distributed between participants making XEN more scarce and valuable. The only way to mint more XEN in the future will be by extending the time one has to wait to receive the mint.

Q: Why will early adopter receive more XEN than later adopters, who come in in let's say 8 years?

There are a few different reasons for this. 1. Early adopters need to be incentivized to grow the network. 2. Early adopters are marketing the network and should be rewarded for the work they do. 3. Later adopters will reap the benefits from the early adopters who put in the work to make it happen. 4. XEN will not max cap its supply like Bitcoin. Only big miners with a lot of resources have the option to mine BTC today. In 8 years, we can allow the opportunity for anyone, anywhere, for example, in any developing country, to mine XEN tokens, thus giving that person the opportunity to learn about Crypto 1st principles while teaching themselves how to become self-sovereign. All they need is a cellphone and internet. It should be noted that, for example, in Africa, tens of millions of people do have cellphones already with internet but do not have bank accounts. XEN offers an easy solution to this dilemma and may assist them on a self-sovereign path to financial freedom.

Q: Why is ethereum the main chain?

A: XEN strives for maximal adoption. Ethereum was chosen as the main chain for a multitude of reasons. Ethereum has the biggest network, highest engagement, biggest number of wallets, biggest sandbox for developers to develop, biggest developer community. It can also be argued that Ethereum has the highest difficulty due to higher gas costs, which is beneficial since it resists spam. Further XEN shares values with Ethereum such as decentralization and open-source. We are not unaware, however, of the many challenges Ethereum is facing.

Q: Why did we choose multi-chain?

A: XEN's goal is maximal adoption. XEN therefore cannot limit its growth to only one chain. XEN aims to be inclusive, so listing to only one chain would be counterintuitive, making the ecosystem exclusive. Choosing one chain means limiting our market. This is also a reason why XEN should not build its own blockchain. This does, however, bring many challenges including topics such as - safety, strategy, technicals, values and community. Values - even though every chain does not align with XEN when it comes to 1st principles of Crypto, we believe XEN can introduce the values of 1st principles to that chain more so than if XEN chose exclusivity. XEN can be the messenger of fairness and Crypto 1st principles to be explored in their respective communities, instead of siloing our message. Safety - if XEN is not represented on a chain, someone could create a copy of XEN, call it XEN but then choose not live up to the same principles as XEN. We’ve seen this happen many times with other projects which has led to high confusion and deceit. Strategy - XEN has to be strategically adopted to other chains in order to maximize adoption in the most optimal way. Technical - the cost of mining XEN on different chains varies. Therefore, the value of XEN on each chain will vary. Since XEN is free (plus gas+time) to mint, then the variation of gas cost will have a huge impact on the cost of mining 1 XEN depending on which chain you are on. One has to factor in utility, size of the network, liquidity and number of participants as well. Community - XEN aims to unite the many siloed communities within blockchain and highlight the shared values and pursuit of common goals over alienation and exclusivity.