Invest in cbXEN Token

$cbXEN is a token in the XEN ecosystem built on the BASE network. It carries all the core features of the XEN ecosystem. We saw its potential and decided to invest in it. cbXEN is the project that starts an exciting journey into the XEN ecosystem.

Overview of the BASE network

Introducing

• Base is a Layer 2 solution on Ethereum that provides a secure, cost-effective, and user-friendly building environment for blockchain developers.

• It acts as an optimistic rollup, bundling transactions into a batch and processing them off-chain, which helps reduce transaction costs and alleviate the network's operational load.

• The BASE is secured by Ethereum, leveraging the solid security foundation of one of the world's most secure blockchains.

• Coinbase believes that Base is the key to creating an environment in which thousands of truly useful decentralized applications (dApps) are born, attracting more than 1 billion users to the global crypto economy.

Current Status

The Base ecosystem has demonstrated robust growth across all three key indicators: financial, network, and ecosystem. The recent Dencun update and the surge in meme coin popularity have played pivotal roles in its development. Presently, the noteworthy components of the Base ecosystem encompass DEX, Memecoin, and SocialFi. The base progressively establishes itself as an on-chain economy with significant backing from Coinbase and Superchain.

In the first quarter of 2024, the Base ecosystem showed clear growth through financial, network, and ecosystem indicators. In particular, cash flow showed a substantial shift when the capitalization of stablecoin and TLV on Base grew by 680% and 250%, respectively. It can be said that Base is having good momentum in 2024.

Memecoin

Besides trading pairs involving stablecoins and ETH, the majority of trading volume on Base has come from meme coins over time. In particular, memecoin DEGEN reached a trading volume of more than 500 million USD in 7 days, with FDV capitalization sometimes reaching up to 1.8 billion USD. The main reason comes from the launch of the layer 3 Degen series with the ambition of becoming a meme series on Base. Some prominent meme coins that have attracted the community's attention are $mfer, ROOST, BRETT, and NORMIE.

Opportunity for cbXEN token

With the recent strong growth of the BASE ecosystem, we see the potential of tokens built on this network. $cbXEN is a token built on the BASE network with a fair token design for all users. However, the main points that prevent the $cbXEN token from breaking out are a small community, high inflation, and low liquidity.

How to help?

Understanding the weakness of the $cbXEN token, we decided to invest in it by adding unlimited liquidity to decentralized exchanges and burning any cbXEN tokens we may own through community campaigns or buying back from the secondary market. This will boost the volume and position of cbXEN in the market, ensuring enough liquidity for users to trade.

cbCEN token

We have launched the $cbCEN token on the BASE network. $cbCEN will be an intermediary token connecting liquidity between the $cbXEN token and $ETH. Once added, all liquidity pools will be locked long-term or permanently.

Additional liquidity

Currently, we have added liquidity to the $cbXEN token in 2 liquidity pools on the Uniswap exchange: cbCEN/cbXEN LP (20% $cbCEN tokens), cbCEN/cbXEN LP (20% $cbCEN tokens), and cbCEN/RTRN LP (5% $cbCEN token) these liquidity pools are both was burned).

Adding liquidity to the $cbXEN token will not stop. We and our partners will continue to add unlimited liquidity to the $cbXEN token. Users can see the liquidity in the pools we support increase daily.

Please follow the details on locking liquidity pools Here, or users can see details on the docs document page: https://docs.cencrypto.io/

Conclude

With the potential and core strength of the $cbXEN token and the recent incredible growth of the BASE network, we believe that $cbXEN will have a decisive breakthrough in the coming time. $cbXEN is a long-term project for everyone. We will support liquidity for the $cbXEN token in the long term by locking liquidity permanently. We aim to bring potential tokens to the right place where they deserve.