XENIFY: Ethereum Airdrop Event⚡

Hardev Dhillon

Published in

Xenify

9 min readDec 11, 2023

Prepare for an exclusive airdrop of 2,250,000 eXNF on Ethereum!

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 Burn-To-Earn Ethereum Airdrop event, from what it takes to qualify, to when you’ll get your tokens, and everything in between. Are you ready? Let’s jump in!

1️⃣ TL:DR; The Burn-To-Earn Airdrop Event

Get ready for an epic 75-day “Burn-to-Earn” event, setting the stage for our much anticipated Ethereum launch. In response to valuable community feedback, we’ve decided to shake things up and introduce a fresh event for our Ethereum launch, moving away from the idea of a carbon copy allocation for our Genesis airdrop participants.

This move not only levels the playing field but also swings the door wide open for newcomers and Xenians that might be exploring Xenify for the first time. Plus, it offers a second chance for those who might have missed out on our previous Swap-To-Earn airdrop events for BNB Chain and Arbitrum. During this event, participants can earn a generous airdrop of up to 2,250,000 eXNF by burning XNF or bXNF.

💡 Wondering what eXNF is? It’s the ticker symbol for XNF on Ethereum.

The action begins on 13th December at 22:30 pm UTC ⏰ and lasts for 75 days. To dive into the eXNF airdrop, simply burn XNF or bXNF, and you’ll qualify for a daily slice of up to 30,000 eXNF throughout the event.

The cherry on top? Unlike our previous Swap-To-Earn events, this Burn-To-Earn event offers a double treat — participants not only secure an allocation of eXNF but also instantly pocket vXNF upon burning XNF or bXNF 🔥

So, it’s more than just an opportunity to grab a slice of eXNF’s limited 23.3 million supply (21,000,000 eXNF for daily distribution; 2,250,000 for the airdrop; 50,000 for initial liquidity). It’s a golden opportunity to stack up vXNF tokens for the upcoming Ethereum Burn Auctions 🚀

2️⃣ vXNF: What Is It?

You can think of vXNF as a bridge that connects XNF holders on Arbitrum and BNB Chain to Ethereum, paving the way for them to earn ETH Rewards once Xenify launches on Ethereum. In contrast to the daily auctions on Arbitrum and BNB Chain, where users burn batches of vXEN or YSL, the Ethereum Burn Auctions bring a fresh twist — participants will only be able to burn batches of vXNF.

Remember, both XNF and bXNF follow a halving schedule, with the current daily distribution of 20,000 shrinking to 10,000 just 90 days after deployment. This translates to a reduced number of tradeable XNF and bXNF being minted in each cycle — a precise 50%.

Considering that the Burn-To-Earn airdrop event precedes the initial halving events for XNF and bXNF, it offers a prime opportunity to amass a significant amount of vXNF for burning in the upcoming eXNF daily auctions; whilst simultaneously securing a sizeable allocation of eXNF through the airdrop ✨

3️⃣ Burning XNF vs bXNF: Any Real Difference?

In the span of the 75-day event, a hefty 2,250,000 eXNF is up for grabs — with 30,000 available each day. The daily allocation will get doled out to burners based on the amount of tokens they burn for vXNF. The more you burn, the greater your share of the 30,000 eXNF allocated to each day — Think of it like a burn auction for eXNF, where a fixed 30,000 is available daily, and “bids” come in the form of XNF burns and bXNF burns.

When you burn XNF or bXNF; you're added to the burn record for eXNF, & vXNF is minted to your wallet

Now, let’s dissect how the protocol ensures fairness in distributing the daily allocation of 30,000 eXNF. Given the disparity in daily tradeable XNF distributed on Arbitrum and BNB Chain, the 30,000 eXNF gets a fair split. With BNB Chain churning out half the daily tradeable XNF compared to Arbitrum (5,000 vs. 10,000), the 30,000 eXNF airdrop division echoes this and follows suit — with one-third (10,000 eXNF) available for those burning bXNF, and the other two-thirds (20,000 eXNF) for those burning XNF.

Now, what if everyone decides to burn XNF on a particular day, or vice versa? In that scenario, the entire 30,000 eXNF will go to the participants who burned XNF that day. Conversely, if it’s an all-bXNF burning day, the entire 30,000 eXNF is allocated to bXNF burners. It’s a dynamic system that ensures a fair distribution, adapting to the tokens participants choose to burn. But what if there are no XNF or bXNF burns, you ask? In that case, the event gets an extra day added, giving participants another chance to seize an allocation!

Best part? There’s no minimum limits or minimum amounts needed for this opportunity — whether you burn 0.1 bXNF or 10,000 XNF, you’re eligible to earn eXNF. Even with the daily airdrop being split between bXNF burners (10,000 eXNF) for XNF burners (20,000 eXNF) — if you find yourself as the lone participant on a specific day, you’ll scoop up the entire 30,000 eXNF, regardless of whether you burned XNF or bXNF 🤩

Imagine you’re the lone participant to burn XNF or bXNF on a particular day — you’re guaranteed to secure 30,000 eXNF from the airdrop 👀

4️⃣ How Do I Participate? Are There Any Restrictions?

Getting in on the action is a piece of cake — if you’ve got claimable rewards (XNF or bXNF) on Xenify, or tradeable XNF or bXNF in your wallet, you’re golden!

🔸Option 1 — Burn Your XNF Rewards: Head to xenify.io/earn, connect your wallet, and burn your stash of XNF or bXNF rewards effortlessly with a click of the ‘Burn’ button 🔥 You’ll get the same amount of vXNF instantly in your wallet, while your address gets added to the burn record for the eXNF airdrop.

🔸Option 2— Burn XNF From Your Wallet: If you fancy burning the XNF or bXNF lounging in your wallet, just swing by xenify.io/swap, connect your wallet, and execute a swap of your tokens to vXNF. Just like with vXEN, you’re free to choose where to receive your vXNF among the nine supported chains. The XNF or bXNF you send will be burned, and you’ll instantly get the same amount of vXNF tokens in your wallet, while securing a spot on the burn record for the eXNF airdrop.

5️⃣ vXNF: Will My Tokens Be Locked?

Nope, no need to worry about locks with your vXNF 💯 Once you burn your XNF or bXNF, you’ll get an equal amount of vXNF right into your wallet. Burning XNF gives you vXNF on Arbitrum, while burning bXNF gets you vXNF on BNB Chain.

Just like vXEN, these vXNF tokens are permissionless, giving the community the freedom to set up a liquidity pool if they fancy. Plus, once eXNF goes live on Ethereum, you’ll have the opportunity to burn your vXNF in the daily auctions, securing your slice of the daily eXNF distribution.

6️⃣ eXNF: How Do I Track My Airdrop?

Monitoring your eXNF airdrop allocation is a breeze. Follow these easy steps: connect your wallet, navigate to the top of the page, click on the ‘More’ tab, and select ‘Airdrop.’

Upon selecting Ethereum, you’ll discover your personal dashboard showcasing your allocation, refreshed daily at 22:30 pm UTC. This update aligns with the protocol’s snapshot, capturing the XNF and bXNF burned over the previous 24 hours 📈

Keep track of your allocation with the eXNF Airdrop panel — your personal scorecard

Your slice of the daily 30,000 eXNF pie hinges on how much XNF and/or bXNF you decide to burn. Let’s break it down: if, let’s say, a total of 1,000 XNF and 1,000 bXNF are burned on a given day, and your burn tally is 100 XNF and 100 bXNF, you’d lock in 10% (100/1,000) of the 20,000 earmarked for XNF burners and another 10% (100/1,000) of the 10,000 set aside for bXNF burners that day. That adds up to a cool 3,000 eXNF!

For a broader perspective, check out the complete participant snapshot by hitting ‘View Snapshot.’ This nifty feature unveils a leaderboard showcasing all addresses in the snapshot, with the top earners of eXNF grabbing the spotlight 📊

7️⃣ When Do I Get My eXNF Airdrop?

You’ll be able to claim your portion of the 2,250,000 eXNF airdrop right at the kickstart of the initial daily cycle after the eXNF contract lands on Ethereum. Your share of the 2,250,000 eXNF airdrop will be dependent on the amount of eXNF you accrued during the airdrop event.

For instance, If your XNF and/or bXNF burns led to a grand total of 8,888 eXNF by the event’s close, that’s exactly what you’d be able to claim once Xenify hits Ethereum. Although the exact deployment date depends on a few external factors, worry not — we’ll unveil the date as the event wraps up. Exciting times await!

8️⃣ Will My eXNF Airdrop Tokens Be Locked?

Yes, initially, your airdrop tokens will be distributed to you as locked tokens. But don’t fret! Over the next 730 days, they’ll gradually free themselves, unlocking in your wallet with each new block 🔓

Let’s break it down: if you secure 25,000 eXNF from the airdrop, you’ll be able to claim the full 25,000 locked eXNF to your wallet at the start of the first daily cycle (1–2 hours post deployment). From there, approximately 34.25 eXNF will unlock in your wallet every 24 hours. And guess what? You can take these unlocked tokens, lock them up again for veXNF, and start raking in ETH Rewards 🤑 courtesy of the platform’s auction and swap fees! It’s a win-win that keeps getting better!

9️⃣When Is the Next Airdrop Event?

As of now, we’ve confirmed our journey onto Ethereum, but when it comes to exploring new chains, we’re keeping our options wide open. While we won’t be having another Swap-To-Earn airdrop event, we’re not ruling out more Burn-To-Earn airdrop events in the future. If we decide to dive into a new chain adventure, you can definitely expect another round of airdrop goodness. The upcoming events might not be a carbon copy, with potential tweaks in the daily allocation, the XNF variant in play, and the event’s duration. Keep your eyes peeled!

💫 And there you have it — a quick overview of our Burn-To-Earn Airdrop Event!

Are you excited? We sure are! By now, you’ve likely gained valuable insights into the nuances of our Ethereum Airdrop event and the advantages of securing vXNF ahead of our Ethereum debut.

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.

Remember, this was just a 5-minute guide — feel free to delve deeper into the Litepaper for a more comprehensive understanding of Xenify!

Catch you on the flip side, signing off ✌️

Bonus Tips & Tricks

💡 Airdrop eXNF vs. Daily Minted eXNF: Unravelling the Difference!

During the airdrop event, no eXNF tokens will be minted. Why? Because the eXNF token contract will only be deployed after the event concludes. Let’s break it down:

🔒 Airdrop eXNF: The 2,250,000 eXNF airdrop tokens will be distributed as locked tokens at the end of the event. These airdrop tokens are entirely separate from the 21,000,000 eXNF allocated for the daily mint.
🔄 Daily Minted eXNF: Once the eXNF contract is deployed, participants who participate in the daily auctions will be rewarded with eXNF at the end of each cycle. These tokens will be minted from the 21,000,000 allocation and, most importantly, a portion of this will be unlocked! That means you can lock them and earn ETH rewards.