What is EXEN Coin and How Does It Work?

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

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