XEN Crypto is a new protocol (launch date 8 October, 2022) carefully designed to fulfil the 1st principles of blockchain: decentralisation, transparency, immutability, counterparty risk resistance, peer-to-peer value exchange and self-custody.
The XEN community of ‘Xenians’ is growing rapidly, and it is expected that multiple use cases for XEN tokens will emerge once tokens are minted by the community after launch.
This proposal is to create a XEN-POP staking pool to incentivise Xenians to stake their XEN tokens, receive POP rewards and become active in the Popcorn DAO.
The united XEN-POP community will then generate even more positive global impact by combining blockchain first principles with a DeFi protocol that creates noble yield.
Why Popcorn should partner with XEN Crypto
(1) Popcorn’s mission and values align perfectly with the fundamentals of XEN:
Popcorn’s decentralized technology drives the future towards a more inclusive and transparent financial system, and contributes to social impact organisations working in areas of education, environment and open source.
XEN is launching with zero supply (no premint or founders allocation etc) and is free to mint, with users paying the gas costs. In contrast to Bitcoin, ANYONE anywhere in the world with a mobile device, a digital wallet and an internet connection can mint XEN tokens and receive minimum 2% APY. This is inclusive and it potentially increases opportunity for people in economies with limited opportunities.
(2) XEN + Popcorn communities will create bigger impact together
Popcorn is a DeFi protocol with sophisticated DeFi products that have social impact hard-coded into each transaction without any additional cost to the user. It is governed by an active DAO and is ranked in the Top 40 DAOs tracked by deepDAO.io
The XEN Crypto protocol is an ERC-20 token built on Ethereum that incentivizes users to mint, claim and stake XEN tokens according to time and participation amplifiers.
There are currently no markets for XEN and limited use cases.
This will change extremely rapidly: it is expected that the community will create trading pairs on DEXs soon after XEN tokens are minted from 8 October onwards. This will create:
- further demand for XEN tokens
- additional utility
- a huge increase in Xenians (currently 4,600 members in the official XEN Crypto Telegram group)
PROPOSAL: Create XEN-POP staking pool to onboard Xenians into Popcorn
To bring the XEN + Popcorn communities together we should create a XEN-POP staking pool:
XEN holders stake their XEN tokens via Popcorn dApp popcorndao.finance for standard staking term of 12 weeks
Xenians receive X% APY in POP tokens (eg 10% APY)
Xenians can then restake their POP to receive even more POP, and also receive vlPOP governance tokens to vote on PopcornDAO proposals.
“POP-XENians” can therefore create a positive feedback loop by generating their own proposals that further benefit the XEN community and others that benefit from the XEN mission.
It is a win-win-win for first principles blockchain and yield that counts.
Please discuss ideas here, on Discord or on Telegram.
Please share with XEN Crypto community to get their input.
@krychek and Core team to confirm any tech requirements to implement
Snapshot vote if discussion is positive.
With thanks to @Scorpio for kicking off this discussion.