Many in the XEN community are worried about what gives value to XEN, when it can be minted for free?\nA mini thread to explain -\n1. The mining price of Bitcoin is a key metric for determining the floor value of BTC. Similarly, as XEN minting happens and gas transaction fees are paid, there is a natural floor value that is eventually created for XEN.\n2. The value of XEN is thus essentially linked to gas price on the Blockchain network. For example, on the Ethereum network, the value of XEN will be intricately linked to gas.\n3. XEN has been one of the main reasons for the deflationary characteristic of ETH since its inception. This in turn also influences the price of XEN as it makes it scarce and causes a reduction in supply.\n4. Over time, the market cap of XEN will be closely linked to transaction fees paid on the Blockchain network. This is analogous to economic energy created through Proof of Work on a network like Bitcoin. Further we go into the future, the more this will become evident.

Many in the XEN community are worried about what gives value to XEN, when it can be minted for free?

A mini thread to explain -

1. The mining price of Bitcoin is a key metric for determining the floor value of BTC. Similarly, as XEN minting happens and gas transaction fees are paid, there is a natural floor value that is eventually created for XEN.
2. The value of XEN is thus essentially linked to gas price on the Blockchain network. For example, on the Ethereum network, the value of XEN will be intricately linked to gas.
3. XEN has been one of the main reasons for the deflationary characteristic of ETH since its inception. This in turn also influences the price of XEN as it makes it scarce and causes a reduction in supply.
4. Over time, the market cap of XEN will be closely linked to transaction fees paid on the Blockchain network. This is analogous to economic energy created through Proof of Work on a network like Bitcoin. Further we go into the future, the more this will become evident.

Today’s crypto world exists on a very bipolar plane, the well known cryptocurrencies are overbought (pumped) and subsequently sold off (dumped). The unknown cryptocurrencies are often left undiscovered for a long time by general investors while suffering from pre-mining and whale accumulation by the founding teams. XEN solved both problems through a fair launch.

Discover XEN and power of First Principles of Crypto - self custody, decentralization and monetary freedom here -

xen.network/