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    XEN founder Jack Levin says his project can change the world ‘even during the bear market’

    By Alara Jordan

    Edited by Charlie Mellor

    11:16, 20 October 2022

    Representation of a blockchain with blocks connected to each with links that include a tick
    Levin said in a recent interview that his project began with “no supply and no pre-mint” – Photo: Shutterstock

    Ex-Google executive Jack Levin believes that his latest project, XEN Crypto, has the power to be “revolutionary” in the crypto market as it looks to gather mainstream adoption. 

    Levin said in a recent interview that ​despite the core functionalities of the project’s cryptocurrency, XEN, such as transparency and self-custody, the project actually began with “no supply and no pre-mint”.

    He added that his project’s approach with an open source software “can potentially change the world for better… even during the bear market”. 

    What is XEN?

    XEN is a minting token built on the Ethereum (ETH) blockchain. The token launched on 8 October and burnt around $1.85m in Ethereum gas fees in the first 24 hours of its launch.

    ETH to USD

    XLM/USD

    0.50 Price
    -4.490% 1D Chg, %
    Long position overnight fee -0.0616%
    Short position overnight fee 0.0137%
    Overnight fee time 22:00 (UTC)
    Spread 0.00249

    ETH/USD

    3,861.63 Price
    +6.880% 1D Chg, %
    Long position overnight fee -0.0616%
    Short position overnight fee 0.0137%
    Overnight fee time 22:00 (UTC)
    Spread 1.75

    BTC/USD

    98,577.95 Price
    +2.620% 1D Chg, %
    Long position overnight fee -0.0616%
    Short position overnight fee 0.0137%
    Overnight fee time 22:00 (UTC)
    Spread 50.00

    DOGE/USD

    0.43 Price
    +3.190% 1D Chg, %
    Long position overnight fee -0.0616%
    Short position overnight fee 0.0137%
    Overnight fee time 22:00 (UTC)
    Spread 0.0021216

    XEN’s website says that the token is directed at “promoting self-custody, trust through consensus, transparency, and decentralisation”.

    XEN tokens are free to mint with a goal to increase crypto adoption by lowering the barrier to entry for the average user.

    The price of XEN opened at $0.006148 on 9 October 2022 and witnessed a short rally shortly afterwards, according to data from CoinMarketCap. 

    The price spike later on 9 October of $3.68 is still the token’s all-time high, which was trading at $0.00002637 as of earlier on 20 October.

    Related topics

    #Cryptocurrency

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    The difference between trading assets and CFDs
    The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
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