XEN Crypto detonated the crypto market, cryptocurrency trading platform MEXC became its main battleground

by Arthur · October 10, 2022

Recently, a project called XEN Crypto suddenly detonated the crypto market. The coinage of its token XEN attracted the participation of more than 364,114 wallet addresses and triggered an increase in Ethereum network gas fees for 2 consecutive days, reaching 200wei at one point on October 9. According to ultrasound data, ETH burned during the minting process reached 2,271 on October 10th, accounting for 19.46% of the total burning of the Ethereum network on October 7th.

Currently, XEN has first launched on the cryptocurrency trading platform MEXC. According to the etherscan data of the Ethereum browser, as of October 10, the circulation of XEN in the entire network exceeded 183 million, and more than 68 million were deposited on MEXC, accounting for 37.36% of the current total. MEXC has not only become the most liquid trading platform for XEN in the entire network, but after XEN’s listing, it has risen from 0.0001USDT to a maximum gain of 0.018USDT, with the highest gain of 17900%.

According to the official information of XEN Crypto, XEN Crypto is a joint virtual mining project based on proof of participation. All XEN ecosystem participants can use Ethereum compatible wallets to mint XEN.

The participation cost is only around 5USDT and its token reward model is based on the number of participants and the lock time. XEN participants have the ownership of mining XEN. As the number of participants increases, the difficulty of mining increases. As access decreases, the lock period increases. The longer the lock period, the more coins you can get.

According to the official website of XEN Crypto, project initiator Jack Levin is an open source technology expert who claims to be Google’s No. 21 employee (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 played a key role in building the early Google infrastructure, for which he is known in the technology industry as a serial entrepreneur building a number of startups and angel investors. He became interested in Bitcoin in 2010, and has worked in cryptography so far. Other members of the team include informatics, communications, software and product development, marketing and investment.

But then some XEN Crypto community members questioned the identity of “Jack Levin Google Employee 21.” Some analysts pointed out that Google’s No. 21 employee is not Jack Levin, but Marissa Mayer, who served as CEO of Yahoo. However, the person named “Jack Levin” is actually an early employee of Google, but his LinkedIn has yet to show Jack Levin’s experience with XEN Crypto, whether he participated in the creation of XEN Crypto, and there is no actual evidence to prove it.

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