what's XenBlocks?
XenBlocks is a Proof-of-Work (PoW) blockchain designed to enhance the XEN Crypto ecosystem by providing sybil resistance and data immutability. Created by Jack Levin, it operates as a hybrid layer supporting the PoS/PoW model of the X1 chain, allowing users to mine tokens using CPU or GPU resources from home computers or rented hardware. The network enables mining of XNM (Xenium), XUNI, and superblocks through a difficulty-adjusted process, with features like halvings to control reward issuance similar to Bitcoin. Blocks are produced at a rate of approximately 60 per minute, fostering decentralized participation and integration with broader XEN protocols for fair-launch tokenomics and community-driven growth.
XenBlocks' X1 liquid XNT tokens reached a $1 billion market capitalization.
Links
x.com/mrjacklevinX1 liquid XNT tokens reached a market capitalization of $1 billion.
Experienced cyber attacks on X1 community validators, prompting security management recommendations.
Launched VERO staking program on X1 network where XNT token holders can deposit tokens to earn 50% of trading fees from the Vero prediction market platform, with a 5% deposit fee and fee distributions occurring every 15 minutes.
Vero Explorer tool goes live on X1, allowing users to explore and analyze onchain transactions from Vero prediction market users.
X1 blockchain combined with SVM world (Solana) processes over 6,000 TPS, described as all organic traffic.
X1 validators earn approximately 5 XNT per day, with a 3x amplification available through the bootstrap bonus program.
XDEX Terminal launches as a new DEX with dynamic liquidity market maker (DLMM) technology for initial $XNT liquidity release, featuring an atomic bridge (Wormhole fork) to move USDC from Solana. Claude momentum trading bot runs live on Vero prediction markets with 1000 XNT.
Ethereum's gas limit prevents 128 VMU mints from being claimed. Fusaka is a response to address the 30,000,000 gas limit affecting large XEN minters.
X1 launches USDC.X wrapped USDC stablecoin and integrates Vero prediction markets in the X1 Android Wallet.
USDC stablecoin is coming to X1 blockchain.
Locked X1 tokens become stakeable by end of month.
X1 TPS rate now exceeds Solana's rate, with testing demonstrating capacity of up to 30,000 TPS while currently operating at only 10% of maximum capacity.
95% of total supply is now staked (up from 90% previously), network operates with 923 active nodes, bridge functionality is active, and a new wallet application has been submitted to an app store.
Token swap functionality between XNT and XNM is now available in the Android X1 wallet.
X1 Blockchain now has more active validators in consensus than Solana.
Domain name registration is now available on X1 network.
Network transactions generate credits that earn qualified validators 24% stake rewards, reported at 40 days since mainnet launch.
90% of the total supply is now staked on X1.
Android version of X1 wallet releases with Bluetooth ledger compatibility.
X1 Oracle system launches as custom oracle solution beyond Pyth, X1 Solana bridge goes live enabling cross-chain XNT transfers, and native wallet launches as Backpack fork, all completed within 30 days of mainnet with 1 million lines of code written.
Work begins on the native X1 wallet.
Perpetual and prediction markets are in development on X1, currently one week into development with original code.
Total staked XNT grows to 600 million on X1.
Bootstrap program launches allowing users to acquire XNT by depositing USDC into X1, offering 24% yield.
XNT tokens distributed directly to validator wallets without requiring claim pages or registration.
New liquidity program introduces Meteora pools and crosschain restaking capabilities after mainnet launch.
New $XNT token announced with amplified allocation for KOLs and builders during current raise.
Solana selected as first market maker for native token.
Holder count reaches 180,000 while causing 10x spike in Ethereum gas fees.
Currently active minting phase mentioned.
New CRanks minted with AMP close to 2000, representing 30% cut in inflation.
Active on Ethereum with minters buying block space as gas hits 0.6 gwei, making it most active DeFi ecosystem.
Founded by Jack Levin, launched October 8, 2022. Burned $1.85M in Ethereum gas fees within first 24 hours of launch. Built on Ethereum blockchain with no pre-mint and no initial supply.