What is the XEN Project and XEN Crypto?

The XEN crypto asset is an EVM-compatible ERC-20 token, and the XEN project features a proof-of-participation (PoP) consensus mechanism. XEN also has a straightforward minting process in comparison to many other currencies. Anyone with an Ethereum-compliant wallet can mint XEN by just paying the associated gas fees. If you’d like to learn more about XEN, read on as we dive into the ins and outs of this project! We’ll look at how you can make a XEN price prediction and if the XEN crypto asset is worth investing in!

Updated 19th April 2023 at 22:15

XEN has climbed up the ranks of Moralis Money over the past weeks, and the XEN crypto asset has seen a significant increase in holders, buyers, and experienced buyers this month:

XEN Crypto in Moralis Money Token Explorer

As such, now is a perfect time to explore the XEN crypto project closer. And it is now easier than ever to understand how XEN will perform in the coming weeks or even discover the next big crypto using the on-chain analytics from Moralis Money. Try Moralis Money for free in the widget below using either a preset filter or by creating your own custom search query:

What is XEN Crypto? 

The XEN crypto asset is an EVM-compatible token following the ERC-20 token standard. The purpose of XEN is to become a community-building asset connecting like-minded people. The organization behind XEN is Fair Crypto Foundation. Furthermore, they designed XEN as a universal cryptocurrency for all users. 

Official Logo of XEN - White X on Green Background

The project features a free minting function open to anyone with an Ethereum-compatible wallet. The founder of XEN, Jack Levin, designed the project with the three core blockchain tenets in mind: 

  • Decentralization – The XEN crypto project achieves a high degree of decentralization through several mechanisms. This includes high supply distribution, the presence of multiple chains, and reliance on blockchain technology. 
  • Transparency – The XEN crypto smart contract is entirely open source. In addition, all XEN mints are visible on-chain, and the project keeps a record of every claim rank.
  • Self-Custody – Self-custody is a fundamental blockchain principle, and XEN makes this an essential priority. It does so by ensuring you can only mint XEN tokens when you’re in control of your keys. 

Now, with an overview of the XEN crypto project, let’s look at how XEN works! 

How Does Xen Crypto Work?

If you’re somewhat familiar with crypto, you’ll most likely have heard of projects using proof-of-work (PoW) and proof-of-stake (PoS). However, XEN uses neither. Instead, they use a proof-of-participation (PoP) consensus mechanism. So, what does this mean? 

How Does XEN Crypto Work?

Through a PoP consensus mechanism, anyone who spends energy and time minting tokens benefits from self-custody. All users maintain complete ownership of minted tokens. That said, the value of XEN is tied to community participation via the PoP protocol. 

Anyone can join the XEN crypto community. All they need to do is connect their Web3 wallet to the XEN smart contract. After that, you can instantly start minting XEN tokens. It is also worth noting that XEN is simply a medium of exchange. As such, it can be staked, traded, and used to purchase items like NFTs. 

With a better understanding of how the XEN crypto project works, let’s explore some of the project’s core features! 

Three Core Features of XEN Crypto

The team behind XEN created the core features of the project with blockchain technology’s original intent in mind. This is rooted in decentralization, transparency, self-custody, etc. 

Also, XEN has relatively low entry barriers compared to other cryptocurrencies with its free minting function. However, that is not all. XEN crypto has other interesting and exciting features for crypto enthusiasts:

  1. Free XEN Crypto Minting – Features a free minting function. You can set a time period for receiving your XEN tokens. The longer the period, the more tokens you get. 

    In addition to this, the smart contract provides you with a crypto rank (cRANK). This rank is determined by the number of people who have interacted with XEN before you. So, if you invite more people to mint, your XEN rewards go up. 

    Note: You’ll still have to pay the gas fee associated with minting XEN tokens.
  1. XEN Tokenomics – First of all, the token is free in that participants don’t need to deposit any assets to start minting. Also, the XEN crypto project launched with no supply, no pre-mining, and no token sale. The XEN token is inflationary, with no cap on supply. However, with XEN’s minting formula, the token becomes less inflation over time as adoption increases. What’s more, like Bitcoin, XEN doesn’t have intrinsic value. This means that the community surrounding XEN and using it as a medium of exchange is what provides the token its value. 
  1. XEN Staking – To increase returns, a XEN minter can stake and hold up to 1,000 days. The APY for staking rewards started as high as 20%. However, every 90 days from the launch of XEN, the percentage decreases by 1%. By the 1,620th day, the APY stays fixed at 2%.

What is XENFT?

XENFT is an in-house tool enabling users to mint XEN tokens in bulk. Prior to XENFT, users needed multiple accounts to mint more tokens. With XENFT, users can mint tokens with up to 128 virtual minting units (VMUs) instead of just one account at a time. XENFT secures cRANKS for an entire batch and accumulates them into one ERC-721 NFT.

Table Displaying XEN Crypto NFTs known as XENFT

Each VMU is a proxy smart contract used to mint and claim XEN. Also, the NFT acts as the access key for the entire batch. The NFT can also be traded on OpenSea and other NFT marketplaces. This means that the claims are portable, and users don’t need to hold on to their claim during the whole mint term. 

XEN Crypto Price Prediction

During the last bull market, quality altcoins performed 50x-70x on average. What’s more, if you managed to find the right token, you could easily have 100x or even 1000x your portfolio!

However, for the next bull run, the big question is, will XEN see similar gains

Well, only time will tell! 

If you want to continue monitoring XEN, you’ll want to try Moralis Money. Moralis Money provides an on-chain, real-time token explorer which you can use to see if interest in XEN is rising or falling. What’s more, with access to market alpha, you can find coins before they show up on sites like CoinGecko or Coinpaprika. 

Make a XEN Crypto Price Prediction with Moralis Money

Without Moralis Money and the custom filter feature, you might not be able to discover projects like XEN. As such, if you’d like to make the most out of the upcoming bull run, make sure to try out Moralis Money immediately. 

Also, if you’d like to take your trading to the next level, you should consider subscribing to the Moralis Money Pro plan. With the Pro plan, you get real-time updates, allowing you to capitalize on these lucrative opportunities. 

One of the main advantages is that you get shorter timeframes, allowing you to narrow your searches and base your crypto predictions on weekly, daily, and hourly market data updates! 

This means you can monitor XEN in real time by signing up with the Moralis Money Pro plan. In doing so, you can understand when hot cryptos like XEN are about to shoot up in price. Moreover, you get to base your XEN crypto price prediction on real market alpha.

Using Moralis Money to Find Altcoins with 100x Potential

In the past, our team of experienced traders was able to identify altcoins like EGLD and MATIC before they started booming:

  • MultiversX (EGLD) skyrocketed from $9.18 to $542.58 – giving us a 5,800% profit: 
  • MATIC increased from only $0.003 to $2.9 – allowing us to make an incredible 96,400% return:

Now, with Moralis Money, we’re opening up the most powerful tools for trading altcoins so anyone can trade like a full-time crypto pro, using the Moralis Money Token Explorer, Token Shield, and Token Alerts features!

However, before doing so, let’s take a closer look at the main three challenges stopping people from becoming successful in the crypto market. 

Crypto Trading Challenges – FOMO, Scams, and Time Constraints

When it comes to trading crypto, there are generally three challenges people struggle with: 

  1. FOMO: FOMO, or the ”fear of missing out,” is a common issue amongst crypto traders. In an attempt not to miss opportunities, people trade emotionally. This drives people to invest at the top when it is too late, only to see their assets plummet shortly after. 
  1. Scams – Almost everyone has heard of or read an article about someone getting tricked by crypto scams. Scams are, unfortunately, common in crypto. Without the right tools, most traders struggle to distinguish between real opportunities and scams. 
  1. Lack of Time – The crypto market is extremely fast-moving; opportunities come and go in a heartbeat. This means that, without proper tools and systems, traders generally need to go full-time in crypto to become successful.  

However, with Moralis Money, you can combat these three challenges to become a successful trader yourself. If you’d like to learn more about this, join us in the next section as we show you how to avoid FOMO with Token Explorer! 

Find the Next XEN Crypto with Token Explorer

Token Explorer lets you quickly and easily find the top crypto to buy now. You can get started with our preset filters or create a custom search query from scratch to find precisely what you are looking for. Let’s explore both options below. 

  • Preset Filters: Moralis Money currently has two preset filters. You can find them by simply launching Token Explorer and scrolling down: 
  • Custom Search Query: Creating your own custom search queries is one of Moralis Money’s most prominent features. By combining metrics to set up your own custom filters, you’ll be able to target exactly the tokens you’re after. Let’s take a closer look at what it might look like if you’d like to find tokens similar to XEN below!

First, let’s start by adding the Security Score metric to only get tokens with a DEXT score higher than 70: 

Next, let’s narrow it down further by applying both the Buyers and Holders metrics. Let’s go with at least 250 for Buyers and 1,000 for Holders

With only three filters, we managed to narrow down our search to 25 tokens. From here, it is now up to you to do your own research to determine if any of the coins are worth investing in. 

If you’d like, you can read our excellent guides on BitDAO or Merit Circle, which were among the tokens featured in the list above! 

Protect Yourself from Scams with Token Shield 

With the Token Shield feature from Moralis Money, you can easily distinguish scams from legit opportunities. You just need to look for the shield symbol that can be found on each coin when using Token Explorer:

Each shield features a number which is the coin’s DEXT score. This is a measure of the project’s confidence. The higher the score, the better the security rating. 99 is the highest; meanwhile, one is the lowest. 

The DEXT score takes several factors into consideration. This includes social factors, liquidity, holders, etc. You can read more about the DEXT score and how it is calculated by clicking on the shield symbol for any of the coins. 

Note: This is only the beginning of the Token Shield feature. The team behind Moralis Money is continuously working on adding more security information. This means you can expect the amount of security data to 10x in the coming months. 

Stay Updated with Token Alerts

The final Moralis Money feature is Token Alerts. With this feature, you can set up email notifications for all your saved search queries. In doing so, you’ll get real-time alerts whenever a cryptocurrency emerges, matching your preferences. 

So, how does this work? 

The first thing you’ll need to do is save a custom filter of your own: 

After saving a query, you can go to the ”Account” tab and click on the bell button for the filter in question: 

Once you click the bell button, you should now receive email notifications whenever new opportunities arise. As such, it has never been easier to trade crypto and make money! 

Note: The Token Alerts feature isn’t live just yet. However, the team is working hard on launching this feature daily. As such, you can expect Token Alerts in the coming months. So, take the time now to try out Moralis Money to familiarize yourself with this fantastic tool in preparation for the Token Alerts launch! 

Summary – XEN Crypto, XEN Crypto Price Prediction, and Moralis Money

The XEN crypto asset is an EVM-compliant ERC-20 token. The token was designed to be a universal cryptocurrency for all. Furthermore, the XEN crypto project was built with decentralization, transparency, and self-custody at its core. One of the things making XEN unique is the token’s free minting process. Users need a wallet and funds (to pay the associated gas fees) to mint XEN crypto tokens.

XEN has been seeing a lot of interest from investors lately, and the token has received a lot of new buyers and holders in the past month. But how do we know this? Well, the answer to this question is Moralis Money

With Moralis Money, you can easily understand how XEN will perform in the near future to make an accurate XEN crypto price prediction yourself. What’s more, you might even be able to find the next XEN crypto using Moralis Money’s on-chain analytics. 

Moralis Money has three central features: Token Explorer, Token Shield, and Token Alerts. With Token Explorer, you can easily find which crypto to buy today for long-term gains. With Token Shield, you can protect yourself from scams. Lastly, with Token Alerts, you can stay updated with real-time alerts. 

Also, if you want to trade like a professional, consider subscribing to the Moralis Money Pro plan. This will enable you to save more custom filters, collect more Moralis Money beans, get more narrow timeframes (weekly, daily, and hourly), and much more. So, if you want your XEN crypto price prediction to be even more accurate, sign up with the Moralis Money Pro plan today

If you like this tutorial, consider some of our guides on other interesting cryptos. For instance, explore the VERSE token or learn about Hedron crypto

WRITTEN BY David Olsson
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