XENIFY: Burn XEN For vXEN 💥

Learn how you can burn XEN across nine chains to earn ETH & BNB!

XENIFY — The Nexus of Innovation & Reward, Effortless Cross-Chain Swapping, and Community-Driven Expansion!

Welcome to this 5-minute guide, where we unveil everything you need to know about Xenify’s answer to cross-chain XEN interoperability — vXEN. Get ready to explore what it takes to acquire vXEN, the benefits of burning vXEN, and everything in-between. Are you ready? Let’s jump in!

1️⃣ What Is vXEN All About?

vXEN is a virtual version of XEN that connects XEN holders across the 9 chains supported by Xenify — paving the way for Xenians to participate in Xenify’s Burn Auctions and earn daily ETH and BNB rewards 🤩 For example, say you hold mXEN on Polygon but want to grab some XNF to earn ETH rewards on Arbitrum. No problem! Just burn your mXEN for vXEN and you’re golden. No more FOMO because you hold XEN on a different chain!

2️⃣ How Do I Get My Hands On vXEN?

Getting your hands on vXEN takes just one quick step — visit our Swap page and swap your XEN for vXEN! When you make the swap, 100% of your XEN gets burned and vXEN is minted to your wallet, with your address being captured in the burn record for X1 😎

💡 Pro Tip: When swapping XEN for vXEN, select the destination chain based on the auction you’d like to participate in— choose Arbitrum if you intend to burn your vXEN for XNF, or BNB Chain if you plan to burn vXEN for bXNF.

Don’t have XEN yet? No problem! You can buy any of the 9 supported XEN variants directly on Xenify’s Swap page- including XEN, opXEN, aXEN, cbXEN, bXEN, mXEN, mbXEN, fmXEN, and okXEN.

💡 Pro Tip: When purchasing XEN with tokens from Arbitrum or BNB Chain, you can earn veXNF by paying the 0.5% swap fee. When claimed, this veXNF enables you to earn ETH or BNB rewards!

3️⃣ XEN for vXEN: What’s the Conversion Rate?

To participate in the daily burn auctions for XNF and bXNF, you’ll need a minimum balance of 10 million vXEN (1 batch). The amount of XEN you’ll need to burn to get 1 vXEN batch depends on which version you hold.

For Ethereum and Optimism, it’s a simple 1:1 conversion — burn 10 million XEN or opXEN to get 1 vXEN batch. For other variants, you’ll need to refer to the fixed conversion rates 🔀 The full breakdown is:

• Ethereum (1 XEN = 1 vXEN): 1 Batch = 10 mil XEN
• Optimism (1 opXEN = 1 vXEN): 1 Batch = 10 mil opXEN
• Avalanche (134 aXEN = 1 vXEN): 1 Batch = 1.34 bil aXEN
• Base (134 cbXEN = 1 vXEN): 1 Batch = 1.34 bil cbXEN
• BNB Chain (200 bXEN = 1 vXEN): 1 Batch = 2 bil bXEN
• Polygon (334 mXEN = 1 vXEN): 1 Batch = 3.34 bil mXEN
• Moonbeam (567 mbXEN = 1 vXEN): 1 Batch = 5.67 bil mbXEN
• Fantom (667 fmXEN = 1 vXEN): 1 Batch = 6.67 bil fmXEN
• OKX (680 okXEN = 1 vXEN): 1 Batch = 6.80 bil OKXEN

For example, if you’ve got 10 million XEN on Optimism, that’s enough for 1 vXEN batch to join the burn auction. However, if you hold XEN on Avalanche you would need 1.34 billon aXEN to secure 1 vXEN batch.

4️⃣ How Do I Burn vXEN for XNF?

Now for the fun part — turning your vXEN into some serious rewards with Xenify’s burn auctions 🔥Once you’ve loaded up on your vXEN, simply head over to Xenify’s Earn page. Set the number of vXEN batches you want to burn, cover the burn fee, and bam! You’re all set to rake in XNF or bXNF rewards when the cycle wraps up!

Just a heads up, your pending rewards may fluctuate during the cycle as more participants join in. But once you’ve bagged your XNF or bXNF, you’ve got choices — lock them to earn daily ETH or BNB rewards, or go full circle and burn them for vXNF to dive into the Ethereum Airdrop Event ⚡

• 🔸Step 1 — Set the number of vXEN Batches: You will need to burn a minimum of one batch, equivalent to 10 million vXEN.

• 🔸Step 2— Click Burn vXEN & Pay Burn Fee: Once you’ve set the number of batches you want to burn, the burn fee you’ll need to cover will be displayed. This will take into account the burn fee discount. Remember, the earlier and more you burn, the higher your potential discount!

💫 And that wraps up the need-to-know basics on vXEN!

Piece of cake, right? By now, you should be all clued in on vXEN and how you can burn your XEN on Xenify to access those coveted ETH & BNB rewards!

Xenify not only offers you instant access to market-leading rates from 60 aggregators across 54 chains, but a truly rewarding experience. With unique tokenomics, and an equitable, community-driven approach, Xenify represents the ultimate choice for anyone looking to simplify the swap process while maximising their earning potential.

We’ve only scratched the surface of Xenify here — Be sure to check out our other Articles and Litepaper to delve deeper!

See you on the flip side, signing off ✌️

Bonus Tips & Tricks

💥 Add vXEN to your wallet in one click: Find your vXEN balance on the Earn page, and effortlessly add vXEN to your wallet by clicking the MetaMask icon. No confusing contract addresses needed!

⚡ Early Birds Catch Lower Burn Fees: Want the secret sauce for the best burn auction returns? Hit it fast and hard early in the cycle! Early birds enjoy the benefits of both the Time Coefficient (TC) and Batch Coefficient (BC), unlocking substantial burn fee discounts when burning vXEN or YSL. By simply burning batches in the initial hour, you’re granted a 50% discount thanks to the TC. Aim higher with 10,000 batches within this timeframe, and you’ll hit an impressive 75% discount, courtesy of the BC. The longer you wait, the more you pay — it’s the classic case of the early bird getting the juiciest discount!

♻️ Recycle ETH Rewards for Fee-Free XNF Acquisition & More: Opting to recycle your ETH rewards is a smart move, as it not only helps you side-step the 25% claim fee but also enables you to grow your XNF position and earn exclusive ETH rewards. How? Your full rewards balance automatically joins the daily burn auction, with no vXEN or YSL required. The protocol even covers burn fees out of your recycled rewards. This means you’re effectively participating in the burn auction without providing any vXEN, YSL, or ETH for the burn fees! And that’s not all — by recycling your rewards in the first hour of the cycle you’ll also be included in an exclusive reward distribution of ETH generated from the platforms claim fees!

📌 Keep Up With XENIFY

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🤔 Curious to learn more? Check out our Litepaper, it’s a great resource and is packed full of information on everything Xenify!

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You can find all our helpful links here: info.xenify.io