XENIFY: Your Quick 5-Minute Guide

Get all the key info from the Xenify Litepaper in just 5 minutes!

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

Welcome to this 5-minute guide, where we’ll answer all your burning questions about Xenify, from its one-of-a-kind tokenomics to its revolutionary incentive mechanisms that reward users and catalyse growth. Strap in and let’s dive headfirst into the world of Xenify 🚀

1️⃣ What is Xenify?

Xenify is not your garden-variety swapping platform. It’s a Next-Gen Cross-Chain Meta Aggregator of Aggregators (try saying that three times fast!) that connects you to 60 DEXs/aggregators across 54 leading chains, granting you the keys to unlock unparalleled liquidity and the most competitive prices, all while rewarding you for every swap 🗝️

With inventive tokenomics, cutting-edge cross-chain functionality, and a game theory-based proof of participation incentive model that actively rewards engagement — Xenify has taken things to another level

2️⃣ What makes Xenify different from the rest?

Xenify distinguishes itself from other platforms by being more than just a token swap hub. It’s a dynamic, community-driven protocol that believes in giving back to its users.

Not only do you enjoy a seamless swap experience, but you also pocket XNF tokens along the way. These XNF tokens, in turn, unlock the doors for you to earn coveted blue-chip tokens like ETH every 24 hours, all while nurturing the expansion of the Xenify ecosystem.

Here’s the scoop: When you pay the 0.5% swap fee, you’ll snag locked XNF tokens (known as veXNF) during the upcoming daily reward distribution. These veXNF tokens are automatically staked for 1-year to rake in even more yield, reaping the rewards for being an active participant and championing the growth of the Xenify ecosystem.

3️⃣ What are the standout features of Xenify?

Xenify is built on a foundation of fairness, simplicity, transparency, user empowerment, and interoperability. Here’s what sets it apart:

• ⚡ Ultimate Cross-Chain Swaps: Thanks to our cutting-edge liquidity aggregation protocol, Xenify provides unparalleled liquidity and the best rates from 60 DEXs/aggregators across 54 leading chains. And with the opportunity to earn ETH from swaps, Xenify truly delivers a rewarding experience that’s second to none.
• ✨ Swap Fee that Benefits All Participants: When you swap tokens with Xenify, you’ll encounter a small fee — but it’s a win-win! You score an unbeatable swap and earn veXNF in the process. And guess what? 100% of the fee is routed to support the development of Xenify, bolster XNF liquidity through the buy-and-burn mechanism, and reward veXNF holders. Everybody wins!
• 💎 Limited Supply of 22.6 million XNF: The scarcity of XNF tokens, brought about by halving events, is likely to boost the token’s value as more users choose Xenify as their preferred platform for swapping tokens.
• 🔥Automated XNF Buyback & Burn: Unlike other projects, Xenify’s buyback-and-burn process is not only immutable but also activated autonomously. What does this mean? Well, we’ve eliminated any counterparty risk whilst also mitigating potential front-running threats. Whenever a user engages with a daily auction or recycles rewards, the protocol automatically triggers the buyback and burn. It runs by itself without any human intervention. So everyone can rest easy knowing it’s always working in your best interest and in the best interest of the Xenify ecosystem.

👀 During each cycle, a massive 70% of the ETH collected from daily auctions will be used to purchase XNF from the market, and 100% of the bought-back XNF will be burned! Likewise, 90% of the recycled ETH from each daily cycle will be used to market-buy XNF, with all the acquired XNF being burned as well! This is how we achieve unparalleled Burn-A-Mentals!

• 💰 veXNF Holders Earn ETH Rewards: This is where things get really exciting! Xenify boasts an innovative Proof of Participation incentive model. This model rewards veXNF holders — those who lock XNF for a period ranging from 1 week to 1 year — with an astounding 25% of Burn Fees, Native Fees, and Swap Fees. These rewards are paid in the form of native gas tokens, such as ETH, BNB, and MATIC, every single day. Indeed, XNF truly is the gift that keeps on giving!
• 🤝 A Community-Driven Ecosystem: With immutable contracts devoid of admin keys, and no team, founder, or investor token allocations, Xenify is truly powered by its community. There are no secret backrooms where XNF tokens are distributed to an exclusive few. Everyone has an equal chance to participate, contribute, and thrive in Xenify’s vibrant ecosystem.

3️⃣ How is the XNF token supply distributed?

Xenify’s tokenomics structure revolves around XNF, the platform’s native token. The only way XNF is minted is through participation in various protocol activities, such as burning vXEN or YSL tokens and swapping tokens across supported chains. This dynamic Proof of Participation approach fosters user engagement and ensures an equitable, community-driven ecosystem.

The total supply of XNF tokens is capped at 22.6 million, with no pre-mines, investor, founder, or team token allocations — placing the power directly in the hands of participants!

What’s more, unlike conventional liquidity pools, buying XNF from our protocol-owned liquidity pool is restricted — making the daily auctions the only way to secure a sizeable amount of XNF. So every time someone sells XNF to the pool or bots arbitrage, those XNF tokens disappear from circulation forever — creating a “black hole” effect that concentrates value and demand in the remaining circulating tokens with each transaction. It’s like a treasure chest that’s only unlocked through your actions 🔐 — the power is in your hands!

4️⃣ How can I get my hands on some ETH rewards?

Xenify is more than just a platform for effortless token swaps — it’s also a rewarding ecosystem that incentivises you to engage in various activities that support its development. You can earn ETH rewards in three ways:

1. 🔀 Swap to Earn ETH: Users that pay Xenify’s 0.5% swap fee will be included in the protocol’s daily distribution of veXNF. These veXNF tokens are locked for 1-year and will enable you to earn ETH rewards over a 60-day decay schedule. 100% of the native chain tokens generated from the swap fee during a cycle will be utilised to buy-and-burn XNF, support the development of Xenify, and reward veXNF holders.
2. 💸Contribute to Earn ETH: Users can also participate in Xenify’s daily auction of XNF by contributing native tokens. Similarly, your contribution secures you an allocation of veXNF, enabling you to earn ETH rewards over a 60-day decay schedule. The native tokens collected during a cycle will be utilised to buy-and-burn XNF, reward veXNF holders while also supporting the ongoing development of Xenify.
3. 🔥 Burn to Earn ETH: Users can burn vXEN and YSL tokens to earn XNF from the daily reward cycle. By simply locking these XNF tokens you’ll be able to earn ETH rewards. While there’s a mandatory burn fee, you can turn up the heat by burning more batches, and potentially save up to 75% on your burn fee. Plus, your burning efforts fuel the Xenify ecosystem, as burn fees are utilised to bolster XNF liquidity and routed back as rewards to veXNF holders!

5️⃣ How does the XNF minting process work?

XNF tokens are minted and distributed as rewards in one-day cycles, like a 24-hour token bakery 🥐. The reward pool will kick off at 20,000 XNF tokens, and will be split into three categories: 50% for users who burn vXEN or YSL tokens, 45% for users that contribute native tokens, and the remaining 5% will be distributed among those who perform swaps!

With Xenify’s halving model in place, the daily reward pool shrinks over time, and leads to the complete distribution of the 22.6 million XNF tokens at month 2112.

6️⃣How does XNF locking work, and what are the benefits?

veXNF holders (Users that have locked XNF tokens) play an essential role in Xenify’s long-term growth, like the backbone of a thriving ecosystem 🌍. In return, they reap the benefits. By locking your XNF tokens, you become eligible to receive native gas tokens (like ETH, BNB, and MATIC) as rewards on a daily basis.

These rewards are generated through a variety of mechanisms, including the swap fees generated across supported chains and the burn fees acquired when users participate in the daily burn of vXEN and YSL.

As Xenify continues to broaden its reach, an increasing amount of swap volume is guaranteed, with users eager to benefit from a seamless swap experience while earning XNF on every swap they make. This, in turn, leads to increased native gas tokens for veXNF holders, like a snowball effect growing bigger and bigger!

💫 And there you have it — a whirlwind overview of Xenify!

With unique tokenomics, powerful cross-chain swapping capabilities, and an equitable, community-driven approach, Xenify is the ultimate choice for anyone looking to simplify the cross-chain swap process while maximising their earning potential.

Keep in mind, this is merely a 5-minute snapshot, so don’t forget to dive deeper into the Xenify Litepaper for an even more comprehensive understanding and to prepare for what’s to come!

Bonus Tips & Tricks

♻️ Recycle ETH Rewards to acquire XNF without fees: 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 auctions 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!

⚡Participate Early For 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 early bird gets the juiciest discount!

📌 Keep Up With XENIFY

🌟 Stay in the loop by following us on Twitter and Medium, and don’t forget to subscribe to our YouTube Channel for more content!

🤔 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