XEN Crypto (XEN) Ethereum

XEN Crypto is a social mining project. The XEN token is the native cryptocurrency of the XEN Crypto, focused on building a community of like-minded individuals. XEN maintains transparency by using the ERC20 token standard and a streamlined codebase. Removing pre-minting, admin keys, and origin (OA) wallets ensures equitable treatment of all participants in the XEN ecosystem. Any users can mint XEN tokens on Ethereum using compatible wallets.
Also, XEN is categorized as a Proof-of-Participation (PoP) cryptocurrency and is different from Proof-of-Stake (PoS) or Proof-of-Work (PoW) tokens. Ownership rights are granted to those who participate in the creation of XEN and hold their coins through self-custody.
After the Ethereum Merge, at one point, XEN used nearly 50% of Ethereum's block size, dominating the burn leaderboard and causing a rise in ETH gas prices. Since it launched on October 8, XEN caused a decline in ETH supply for a period of time.