XEN Crypto price 

XEN

XEN provides users with similar functionality to an ERC20 token, allowing them to trade other cryptocurrencies and NFTs. In addition, users can connect to the Uniswap ecosystem to create liquidity pools and limit orders. XEN's ultimate objective is to achieve maximum liquidity by promoting widespread adoption.

The tokenomics of XEN are disinflationary due to the naturally sloping adoption curve, which follows a logarithmic pattern, making it increasingly difficult to mint more tokens as more participants join. Although XEN does not have a cap, the growing difficulty of generating additional tokens ensures that its tokenomics remain disinflationary.

XEN operates on the Ethereum blockchain as an ERC-20 token, secured through Proof-of-Stake — the Ethereum network’s consensus mechanism after the Merge. This mechanism uses validators to confirm transactions, and validators stake 32 ETH to participate in consensus and validating transactions.

XEN is also available on other chains like BNB Smart Chain, Polygon, Avalanche and more.

As of April 2023, XEN is listed on numerous cryptocurrency exchanges, including Uniswap, Huobi and MEXC. The top exchanges to trade XEN are Uniswap v2, Uniswap v3 (Ethereum), and PancakeSwap v2.

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Learn more about non-fungible tokens (NFTs) with CMC glossary.

Check out our guide on how to read and analyze a white paper.