DEV DO SOMETHING. Many times projects are dependent(. ) on constant price appreciation to attract new investors. XEN is not.
01 May 2023, 14:07
DEV DO SOMETHING!!!! 😡😡😡
Many times projects are dependent(!) on constant price appreciation to attract new investors. XEN is not. Value comes with the huge network being built and amplified exponentially, just as Metcalfs law dictates.
Those projects also loose all thier momentum when bear market hits. Idle growth for 2+ years.
If we instead build something that is not dependent on price for network growth - then we win.
Think of it like this. whats going to make the majority of the network participants wake up tomorrow and not be incentiviced to interact with a lowest barrier free+gas+time protocol completely based on 1st principles?
Transparent, censorship-resistant, self-custodial per default, ridiculouly decentralised with no founder/team allocation, no admin keys, permissionless, no counter party risk, open source, fair launched.
XEN is probably the most fair launched and decentralised protocol out there. The most fair launched token distribribution model ever made, implemented and deployed to date. The AMP is halvened in 4 years, giving ample time for millions of users to be early in the project. The difficulty of mining increases every day. The supply is currently inflationary but minting is disinlfationary. The supply has even already temporarily been deflationary. And it inevitably will.
We've seen it work. Despite constant price depreciation for 6 months (although price started at 0), we have 10,000's++ of minters, on all chains and minters are still currenlty up 4x+ on their mints. So who cares about the short term speculator who expected exit liquidiuty on the free+gas+time 'forever down token'.
Everyone naturally wants to be rich, quick. But the value of XEN comes with time and adoption.
Price doesn't primarily matter. Users do.
You want something more deflationary with limitid supply? Reallocate $XEN by burning it into one of the projects built on top which follows the same 1st principles of crypto. Does it not exist? Build the damn thing then. You have users on 10+2 chains, hungry to interact with your protocol from day 1. on all of them. No need for VCs, no need for CEX listings. Ideally no need for the founder or teams approval. If its good enough, and it needs to be best, the community will burn their precious $XEN for it and tell all their friends about it.
Welcome to the takeover of crypto - 1st principles of crypto.
Dev done something. 😃😃😃
Everyone needs to watch this: