In-depth research on the opXEN token of the XEN ecosystem

Overview

The opXEN token is a project of the XEN ecosystem built on the Optimism network. It carries all the features of the original XEN but has some changes that make it the most potential token in the XEN ecosystem. Let's delve deeper into the opXEN token.

Optimism network

Optimism is a large network with a TVL reaching over 600m. Initially, the Optimism network was considered Ethereum's layer 2 network, but recently, they denied that OP is not Ethereum's L2 network. OP's ambition is to become a "Superchain," with projects building Layer 2 based on the SDK toolkit called OP Stack.

OP Stack is an SDK toolkit that allows developers to build a Layer 2 platform on Ethereum easily. Optimism says OP Stack is a modular source code with high extensibility, and this is not simply a "rollup or an optimistic solution." This set of solutions shared by Optimism will be the foundation of a development roadmap into Modular Blockchain.

After OP Stack launched, many big players used this toolkit from Optimism to build Layer 2 blockchains, such as Base, opBNB, Zora, Celo, and DeBank. Layer 2s built on the OP Stack will be called Op-chains, and the synthesis of many Op-chains will form a Superchain.

opXEN Token

It seems like XEN developers saw the potential and advantages of the Optimism network, so they launched opXEN on this network with some notable changes that make it special to the whole XEN ecosystem.

What is AMP?

What makes opXEN a token with a different design from the rest of the XEN ecosystem is the AMP. Simply put, the AMP is the amount of time that users can mine opXEN.

The mining time for the entire XEN ecosystem is 3000 days, meaning AMP = 3000, which is a long way to go. However, the developers changed the mineable period for the opXEN token to 300 days (AMP=300), which makes it the least inflationary token in the XEN ecosystem.

AMP is one of the indicators that determine the inflation of the token. The higher the AMP, the greater the inflation of the token so that the advantage will be for the first miners. Currently, for opXEN, the AMP index has become 1, which means it will be difficult to be profitable if everyone mines opXEN at this time or unless the value of opXEN must increase hundreds of times.

Deflation

With mining the opXEN token being almost unprofitable, the inflation problem of the opXEN token will gradually be eliminated, replaced by the possibility of token deflation, as many projects still support Support burning of opXEN tokens. Typically the opDXN project, or our upcoming opCEN project may shock the opXEN token supply.

X1 Blockchain

The most crucial concern for XEN users right now is the upcoming launch of the X1 Blockchain. X1 will be the lifeblood of the entire XEN ecosystem, and the launch of the X1 Blockchain will increase demand for it. opXEN will continue to benefit greatly from the X1 Blockchain, and the question is whether the opXEN token supply with a market cap of only $150,000 will be enough to meet market demand.

Conclude

With all the above factors, it can be seen that opXEN is a token that is most different from the entire XEN ecosystem. We can see the potential and opportunities for users of this token. However, this is just our subjective opinion. Please be cautious with any investment and take responsibility for it.