How to participate in XEN staking?

ejkt

Member
Aug 29, 2022
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According to the XEN whitepaper, the goal of XEN is to become a community-created cryptographic asset that fulfills the original mission of the blockchain.
Decentralization, transparency, censorship resistance, peer-to-peer value sharing and ownership. XEN's unique economical design allows users to start at the lowest threshold.
The team behind XEN's creation first believed that assets that are encrypted are polarizing, well-known assets are frequently overbought and sold, and many investors have long neglected non-famous assets. The founding crew and enormous whales pre-mine them, after which they are auctioned. These two issues are resolved by XEN through equitable sharing.
XEN aims to empower individuals, without pre-mined coins, without administrator’s private keys, contracts cannot be tampered with, 100% transparent, and on the chain, the token XEN has been listed on MEXC for the first time.

Claim XEN
According to the XEN contract design, XEN tokens must be claimed within 24 hours of the expiration date on which the token was received. Otherwise, token rewards will be penalized and gradually reduced. The incremental reduction method is Days. After 7 days, the eligible amount will be reduced to zero.

Stake or Trade XEN
According to the design of the XEN contract, users can deploy XEN after requesting it, with a deployment period of 1-1000 days. User may terminate her use of XEN at any time after the agreed period of use without penalty. However, if the engagement ends before the end, the system will not pay a reward proportional to the agreed annual rate of return.
The annualized rate of return is paid to users who stake XEN for any duration between 1 and 1000 days. The annualized rate of return begins at 20% at the time XEN is created and drops by 1% every ninety days until it hits 2%, where it will stay for all eternity. Depending on how many days have passed since XEN was created, the annualized rate of return for each staked XEN is calculated at the moment of staking.

When the stake expires or if you are considering direct monetization, you can directly trade XEN through MEXC.

Core Team
According to the official website, project sponsor Jack Levin is an open source technology expert and claims to be Google's 21st contributor (1999-2005). Jack Levin was born in St. Petersburg, Russia in 1974 and moved to the United States with his family in 1990 to study Computer Science at the University of Missouri. He is known as a serial entrepreneur who in his early days played a key role in building Google infrastructure and launched numerous startups and angel investors in the tech industry. He got interested in Bitcoin in his 2010 and has been working in the crypto space ever since.

Computer science, communications, software, product development, marketing, and investment are further team disciplines. Marissa Mayer, who once held the position of CEO of Yahoo, is listed as Google's No. 21 employee, various community members have confirmed. Jack Levin is not. However, despite the fact that Jack Levin joined Google early on, his experience with XEN Crypto has not yet been made public on LinkedIn.