XENFT is a derivative of XEN and is a non-fungible token that is linked to XEN through the implementation of the Proof of Minting and Burning protocol.

XENFT is an ERC721 compatible contract and can be deployed on any EVM compatible network.

At the bottom level, XENFT automates a series of on-chain transaction execution processes to maximize XEN minting by virtualizing the Ethereum address used to claim cRanks, which is controlled by users through the XEN Torrent contract.

When you mint NFT, you can also choose the number of days. The operation after expiration is the same as XEN. You can mint to this address or delegate to other addresses. You must collect it in time on the expiration date, otherwise the token will be destroyed after 7 days.

Each user who uses XEN Torrent is equivalent to batch minting XEN, which generates an erc721 NFT, which is equivalent to having control over this batch of XEN. Any user can own an unlimited number of XENFTs. NFTs are transferable, which means that when you sell or transfer NFTs to others, the control over the batch of XEN you own is also transferred.

Each XENFT has the following properties: About XEN minting: Term Expiration timestamp cRank AMP EAA

About Torrent properties: Number of virtual machines Category Number of XEN burned Redemption or not Redemption Except the last property, the others are immutable.

XENFT has attributes, which are divided into rare, limited and common, from high to low. The number of XEN tokens burned by users is directly related to the attributes of NFT (rare, limited). The more tokens burned, the more chances of getting high-level NFT. (The specific number has not yet been finalized.)

The total number of Rare is 10,000, which are also divided into five categories. The details are as follows:

  • Level 1: 100 XENFTs (numbered 1…100)

  • Level 2: 900 XENFTs (number 101…1,000)

  • Level 3: 2000 XENFTs (numbered 1,001…3,000)

  • Level 4: 3000 XENFTs (numbers 3,001…6,000)

  • Level 5: 4000 XENFTs (numbered 6,001…10,000)

Limited has no total amount limit, but is subject to time constraints. The standards are as follows:

- Starting from the deployment of the XEN Torrent contract, the limited NFT time is 365 days.

-VMU numbers in batch mints are 100 or more.

-Users are willing to burn XEN tokens to obtain NFTs with limited attributes

There is no limit on the total amount of Common NFTs, and the requirements for minting are also minimal. Users only need to spend gas, and do not need to burn XEN. Common NFTs actually have different levels. In simple terms, each common NFT has different power. Power = |VMU|*term (number of days) The level of NFT is divided according to C (level) = power/7500, as shown below:

  • Level 0 (Ruby): Power 1…7,500

  • Level 1 (Opal): Power 7,501…15,000

  • Level 2 (Topaz): Power 15,001…22,500

  • Level 3 (Emerald): Power 22,501…30,000

  • Level 4 (Aquamarine): Power 30,001…37,500

  • Level 5 (Sapphire): Power 37,501…45,000

  • Level 6 (Amethyst): Power 45,001…52,500

  • Level 7 (Xenturion): Power 52,501... Level 7 is unbounded in terms of power parameter, NFTs with power exceeding 52051 are classified as Xenturion.

The external design of NFT will also show the difference between their types. In the current example, rare has a bagua mark; limited has a flame mark; common has an axe mark, and different colors represent different levels of common. There may be changes in the future.

P.S. The above is a simple interpretation of the white paper that has been released so far. The project owner may modify the white paper later, so the final release shall prevail.

Overall, XENFT is still worth a try. Interested friends can pay attention to the release time. I wish you can mint rare models.