How does XEX Work?
XEX is a collection of immutable code across various blockchains. The XEX token itself is a standard ERC-20, but the 'minting' process is what makes XEX unique.
🧰 What is the XEX code?
XEX is a fork, or a copy, of Bitcoin that has been modified in the following ways:
Free-to-mint, rather than being 'mined' by computation.
Mint on multiple chains: Ethereum, Avalanche, Binance Smart Chain, Polygon, Arbitrum and Fantom.
The total supply of XEX is uncapped, although 99% of the supply will be emitted within the first 730 Days from our launch in January 2023.
There is a 'gas tax' that is added onto the 'claim', 'stake', and 'bridge' function. This is about $0.01 that goes to the team treasury. This fee is used to create liquidity for XEX across multiple chains.
1% of all minted XEX is also distributed to the team treasury. This is to provide incentives for the future development of the XEX ecosystem.
Wow, that was a lot. I am confused. Well, the only thing that matters for you is receiving XEX in your wallet. So, "How Do I Mint XEX?"
Last updated