What is EXEN Coin and How Does It Work?
1.1 What is EXEN Coin?
1.2 How Does EXEN Coin Work?
EXEN Coin business model is based on the
principle that EXEN Coin’s market value increases as a result of the increase
in transaction volume and revenues of Bitexen and the decrease in the
circulating amount as a result of buybacks and burns.
EXEN Coin is the native cryptocurrency created
of Bitexen and created on the Ethereum blockchain with only 15 million units with the ERC-20 token standard.
EXEN Coin is distributed to Bitexen users, free
of charge.
EXEN Coin can be traded with different
currencies on Bitexen.Bitexen buys back the EXEN Coins in the market
on Bitexen platform and burns the bought EXEN Coins on the Ethereum blockchain,
using half of the crypto asset income from the transactions made by the users
and the entire commission income from the EXEN Coin trading. Buybacks will
continue to take place at market prices until all EXEN Coins are burnt. Burn
statistics can be seen on global.bitexen.com/exen-stats
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