XEN crypto is a community-driven project launched by former Google employee Jack Levin. The project adopts a "Proof of Participation" consensus, where users can mint $XEN by paying gas fees.
XEN has no initial coin supply. Supply is generated by all people that participate in the Proof of Participation (POP) protocol through minting of their own coins.
XEN has no cap. As more and more people join and participate in minting, it will be harder to generate (or mint) more XEN, making XEN disinflationary in nature. Similar to Bitcoin mining, each participant makes it harder for new participants to receive rewards, unless new participants extend the amount of time to get their rewards.
The value is created by the market forces of all participating parties. As more market participants get involved in generating XEN, the total amount of generated XEN drops (disinflation) and is distributed between participants making XEN more scarce and valuable. The only way to mint more XEN in the future, will be by extending the time one has to wait to receive the mint.
XEN has consumed half of all Ethereum blockspace first day upon Genesis.
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