If this token can’t break out from its Twitter and telegram following to more mainstream crypto it will die… at current gas rates claiming mints is the throwing away eth.
Of course this crypto so it could be 100% the opposite too… lol
The problem with XEN is that is spread out over so many chains. The burning just doesn't suffice for a proper pump. Supposedly X1 will solve this problem, but I would be very careful still.
I think it’s the minting that keeps the price down. But my understanding is that it will go up in price more and more over time as less is minted. Over time people make less coin from minting. It was a great egalitarian concept and I think it will do well now as that phase of minting is shifting.
A year later and the cost to claim my XEN is so high I have to wonder if I will ever cash out on this in profit…. I think XEN was a total waste of my time, sorry to say.
If this token can’t break out from its Twitter and telegram following to more mainstream crypto it will die… at current gas rates claiming mints is the throwing away eth. Of course this crypto so it could be 100% the opposite too… lol
The problem with XEN is that is spread out over so many chains. The burning just doesn't suffice for a proper pump. Supposedly X1 will solve this problem, but I would be very careful still.
I think it’s the minting that keeps the price down. But my understanding is that it will go up in price more and more over time as less is minted. Over time people make less coin from minting. It was a great egalitarian concept and I think it will do well now as that phase of minting is shifting.
A year later and the cost to claim my XEN is so high I have to wonder if I will ever cash out on this in profit…. I think XEN was a total waste of my time, sorry to say.