What is EXEN Coin and How Does It Work?
1.1 What is EXEN Coin?
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.
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.
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
FAQ About EXEN Coin
Notice: The distribution of 5 Million EXEN Coins, as part of the membership and reference campaign was completed as of 22.09.2020. 1. How many EXEN Coins will be produced in total? Only 15 million EXEN Coins will be produced, and after this number is ...
How is the Distribution and BuyBack Plan of EXEN Coin?
How Does EXEN Coin Distribution and Buy Back Happens? EXEN Coin distributions were made in 4 stages to our users who created an account at Bitexen and each stage started with the condition that all EXEN Coins in the previous stage were distributed. ...
EXEN Commission Refund Feature
As part of the commission refund feature, you can get half of the transaction fees you pay while trading at Bitexen, according to the amount of EXEN coins you have in your account. Bitexen refunds the accounts of its users on the first day of every ...
Convert Small Balances to EXEN
You can easily convert your small cryptocurrency balances to EXEN, which are below the minimum order limits. To convert your small balances to EXEN; On Bitexen webpage; Go to the "Accounts > Account Summary" page or "EXEN Profile > EXEN Loyalty" page ...
Multichain Coin (MULTI) Delisting
Multichain Coin (MULTI) will be delisted on global.bitexen.com website and Bitexen Global mobile app on Tuesday, 20th February 2024 at 03:00 (UTC+3) and trading will be suspended. Before the above-mentioned date, please make sure to sell your MULTI ...