XEN Layer 1 By Early Google EngineerXen crypto is certainly a different project. Xen launched a little over 6 months ago in the middle of a bear market on nearly every block chain a token can be created on. At first its pupose was relatively unknown but it soon became apparent that xen was to be a freely distributed gas token for a new and extremely powerful layer one block chain of its own.
To entice users the xen team allowed the entire supply of tokens to be minted by potential users for Free.
FREE As in NO team allocation of any kind and the entire supply minted freely by users until all tokens have been created.
One of the most promising features of Xen is its founder.
Xen was started by early google engineer Jack Levin under the same game theory applied by Google in the early days. Providing the product free to gain the trust and support of users seems like an unprofitable business adventure but in an industry with fierce competition today we can see the business model obviously worked to set google as the leader in web searches. It is the mass flow of eager users to the Free product that set google in a place to sell enough services to set it at the top of the tech sector.
Xen crypto appears to be shooting for the same response. In the crypto industry competition is equally fierce and speculators are looking to see who can grab the attention of users and xen may be it.
The token was launched and minted for free so looking at the price chart we can see the imense sell pressure. Through crafty tokenomics this sell pressure will not last forever.
Looking at a multi ema ribbon we can see price for the first time since its launch is approaching and possibly ready to cross the 200ema.
Being this is a relatively new project risk is always high but so is the reward if the project can reach its real potential.
Xen crypto has a qualified public leader with a real product that businesses and regular people alike will have a real need for.
Fast cheap and effective layer one block chain.
Time will tell the tale.
