XEN has risen steadily for almost a week. And it is not only XEN that has risen simultaneously, but its ecological projects have also risen generally.

When we have an overview of XEN, it is not difficult to find that this is no longer the simple and single XEN at that time.

Meme coins are constantly doing things, and even come up with ecological projects.

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XEN "family bucket" general price increase

According to Coingecko data, the price of XEN currency is currently 0.0000096, an increase of 47.3% on the day, and the increase has doubled in three days. If you look back at the weekly rally, it has risen steadily to three times.

XLON, which also belongs to the XEN ecosystem, also performed well.

According to Coingecko data, XLON has risen from the lowest point of 0.00000043 this week to the current 0.00000073. Today also created a 37% single-day increase.

In addition, the ecological project DBX also recorded a one-day increase of 5.7%.

What is XEN?

When XEN was launched in October last year, it blew up the encryption world. XEN triggers Gas War and leads to high Gas fees. In just a few days, millions of addresses participated in the mining of the project.

XEN pays Gas and interacts with the contract to participate in mining. Users need to customize the time they want to "mine". After the time expires, they can receive XEN tokens.

However, the difficulty of its output is continuously increasing logarithmically, following a fixed formula. Last year Odaily was in "Ex-Google employee? Have you ever led Return to Zero Earth Dog? Analyzing the background doubts of the XEN team"The article is interpreted, so I won't repeat it here.

To put it simply, the earlier a user participates in casting and the longer the lockup time, the more XEN will be produced.

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The latest developments in XEN

XENKnights is a new product that has just been launched recently. Interestingly, although XEN was originally deployed on the Ethereum network, XENKnights is a Bitcoin NFT.

XENKnights consist of 100 pieces, minted using the Ordinals protocol. The sale took place using a common public auction model, with the top 100 addresses receiving this NFT. Its auction started on April 17 and will end 72 hours after it started, and it is still in the auction.

For its auction bidding, only XEN is accepted as the payment method. And all XEN will be destroyed after the auction.

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XEN Emerging Ecosystem

At present, XEN has already launched multi-chain support, and users can mint XEN on up to 12 chains. In addition, the official also launched a batch casting tool.

We were surprised to find that the XEN ecosystem currently has multiple projects. However, most of these projects have similar gameplay and lack of innovation.

But from another point of view, it can also be called ecological projects with strong synergy—all ecological projects have burned XEN as the core of interaction.

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XENFT

XENFT is a derivative of XEN NFT. The product is connected to XEN via the Proof of Burn protocol, whose purpose is to act as a medium of exchange.

Every published XENFT has the following attributes:

• Term: casting days

• Maturity Timestamp: Maturity time

• cRank: Foundry Rank

• AMP: Temporal Amplification Factor

• EAA: Early Adopter Reward Factor

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XEN Torrent

The XEN Torrent protocol is the official casting tool provided by XEN. The protocol can automatically execute a series of on-chain transactions to maximize the minting amount of XEN through the Ethereum address of the virtual minting unit (VMU, Virtual Minting Unit), which users can control through the XEN Torrent smart contract.

With the help of this tool, users can conveniently achieve rapid batch minting, avoiding the trouble of switching back and forth between different accounts, and can also save a gas fee for transferring to multiple accounts. When the XEN minting expires, the user can perform batch Claim operations through the controlled VMU, and transfer XEN to the address specified by the user in batches

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DBXEN

DBXen is not a new function of XEN itself, but an ecological project of XEN, which aims to contribute to XEN deflation. The project went live in mid-February.

DBXen issues its own native token, DXN, which can only be minted by burning XEN. DXN tokens are continuously minted over a period of approximately 62 years. In the process, as long as you hold DXN, you can get passive income.

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Xenlon Mars

Similar to DBXEN, Xenlon Mars is also an ecological project of XEN. The project has a native token XLON.

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FENIX

FENIX is the latest XEN ecological project. The official stated that the product is designed to reward members of the encryption community who believe in the principle of "encryption first".

In short, its use is still extremely simple - burn XEN, forge FENIX.

But the difference is that in the follow-up reward distribution process, FENIX encourages users who hold FENIX for a long time. After users hold FENIX, they can pledge to obtain higher rewards. The reward rules are similar to the time mining method of XEN. Users can set the lock time by themselves. The longer the lock, the richer the reward.

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Meme is doing things, how is the way forward?

In the past, when we mentioned "the project party is doing something", it was more of a joke. But now, it is shocking that a meme coin actually does a lot of things.

In the recent encryption market, Meme is not an isolated case.

As the oldest meme coin, DOGE coin once derived an EVM L1 chain DogeChain named after DOGE.

And Shiba Inucoin SHIB is doing things more thoroughly, and even announced that it will develop Layer 2 network Shibarium. Officially announced by SHIB, there is no hidden worry about "Li Gui", and it is more empowered by the SHIB community.

And when we turn our attention back to the project itself, perhaps the fundamentals of the project are an issue that deserves more attention.

And when a project like XEN transforms Meme into "doing things", how should we define its fundamentals?

The encryption market is always a complex, changeable and interesting market. Regardless of any project changes, investors should pay attention to risks as soon as possible.

Attached:

XEN official website:https://xen.network/

Ecological data dashboard:https://xen.pub/

DBXen：https://dbxen.org/

Xenlon Mars：https://www.xenlonmars.com/

FENIX：https://fenix.fyi/