What is XEX?
Free-to-Mint Reward Token
XEX is a free-to-mint token that exists currently on Ethereum, Binance Smart Chain, Polygon, Avalanche, Fantom, Arbitrum and many more chains to come!
XEX is the manifestation of time as a resource, as you must input how much time you are willing to wait before you can claim, or 'harvest' XEX. What you do with this resource is up to you!
š¤ What exactly does 'free-to-mint' mean?
Well, it's almost what it sounds like. In order to receive 'XEX' token into your wallet, you must first 'mint' XEX and then 'claim' or 'harvest' once your designated time has been reached. The 'mint' and 'claim' functions are a transaction on the blockchain, which requires a fee in order to be processed. This fee does not go to us, but rather to a network of computers that verify that your transaction is processed. Sounds complicated? Well, that's because it is.
ā How do I receive XEX to my wallet?
In order to 'mint' XEX, you must input how much time you are willing to wait until you can 'harvest'. The more time you input, the more XEX you receive. You must 'harvest' on the day that you input. If you don't, you will be penalized each day that you are late to 'harvest', with up to a 99% penalty after 7 days.
Now that you are up to speed, "What is the Purpose of XEX?"
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