A Guide to XEN Ecosystem's Newest Addition

The goal of DBXen is to offer an alternative to XENFTs and other burning tokens while contributing to deflation and offering a new reward system that yields a passive income for $DXN holders. The project is built on the principles of fair launch, fair distribution, equitable tokenomics, and community-governed protocols and is a community-developed system with no central authority.

Key points:

• DBXen offers a new approach to tokenomics and distribution algorithms that contribute to deflation and reward adopters with passive income.

• The project is built on principles of fairness and community involvement, with no privileged access for the founding team.

• The cost of burning $XEN is calculated fairly, with a discount for larger, more efficient burns.

• $DXN holders can generate passive income by staking their tokens and contributing to the reward pool.

• The project is transparent and open-source, with further details available on GitHub or Etherscan.

• DBXen is a community-developed system with no central authority, giving users greater control over their investments.

• 5,010,000 $Dxn

  

DBXen utilizes an hourglass contract that plays a crucial role in the project's token distribution and deflationary mechanism. This contract incentivizes holders to hold onto their DXN tokens for longer periods, as the rewards they receive increase over time. The hourglass contract helps to stabilize the token's value, creating a more sustainable ecosystem for the XEN community.

The Time-Sensitive Game Changer

Well, I'm not sure, but I do know that we can't have our cake and eat it too when it comes to project naming. We'll have to pick one or the other, DBXen or DB-Xen, and stick with it. So let's take a break from the code and put on our thinking caps to come up with a name that will knock everyone's socks off!

Twitter Poll

DBXen is a community-driven project with a founding member who regularly interacts with the community on Twitter Spaces and is always happy to answer any questions. He has taken community feedback seriously and has already implemented some easy UI changes. The project is built on the principles of fair launch, fair distribution, equitable tokenomics, and immutable code. Immutable code refers to code that cannot be changed or altered once it is deployed. In other words, once the code is written and deployed, it cannot be edited or modified. This is usually achieved by implementing smart contracts in a blockchain system, where the code is recorded on the blockchain and cannot be changed without going through a consensus mechanism. The concept of immutable code is essential in blockchain systems to ensure that the code running on the network is transparent, secure, and free from any fraudulent activity or malicious change. The small founding team is passionate about building new functionalities that add value to the XEN community, and DBXen offers a capped supply of DXN liquid digital assets that contribute to XEN deflation while rewarding adopters.

$DXN is a capped token that can only be minted through burning $XEN. The token distribution algorithm is preprogrammed and cannot be altered or reverted once live, with no premines, treasury allocations, private sales, or dev fees. The founding team does not have privileged access to the token distribution, and the source code can be found on DBXen GitHub.

The cost of burning $XEN is based on a calculation that takes into account the amount of gas spent on the operation and the number of batches being burned. The protocol fee is charged in the native token of the blockchain and is used to reward $DXN token holders based on their accrued $DXN. The reward distribution cycle for $DXN is divided into one-day cycles, and a new cycle starts after 24 hours have passed since the previous cycle and at least one XEN burn has been completed. The reward pool decreases by 0.2% per cycle, and $DXN miners receive token rewards for burning $XEN, which grants them shares from future network fees.

$DXN holders can stake their tokens to generate passive income in the blockchain native token based on their share from the reward pool. The unclaimed DXN tokens are considered staked within the protocol, and claimed or unstaked DXN needs to be staked back into the protocol to generate rewards. The project is built entirely using smart contracts, based on transparency, fair launch, and absence of ownership. The protocol consists of three smart contracts: DBXen.sol, DBXenERC20.sol, and DBXenViews.sol, and further details about the code can be found on GitHub or Etherscan.

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