The Xenon Network was established, according to the website, as an alternative to the EOS trading platform. It is pertinent to mention that the goal of EOS was to offer hosted applications at reduced price. As such, Xenon has inherited many of the advantages that EOS has on offer. These include less regulatory scrutiny on the platform, and a chance for all participants to achieve bitcoin success. However, Xenon Network was set up with the goal of improving on these aspects.
The goal is to ensure that there is wide distribution as well as more participation from the community. Also, Initial Coin Offerings are often a grey area under law. This can expose traders to greater risks. As such, the Xenon Network does away with the concept of Initial Coin Offering. Other methods are used for distribution of coins. These methods are deemed less risky. Airdropping is one of the major methods of coin distribution.
The platform relies on tokens to raise funds. Majority of the tokens are distributed to investors. The rest are used for internal expenditures, such as promotional activities and website maintenance. Some of the proceeds from this reserved portion go back as profits to the owners of the platform.
The rest of the tokens are distributed to investors, ranging from Ethereum participants to coin buyers and others. Since airdropping is likely to occur at fixed intervals, participants are advised to keep track of the airdrop dates and times. With regard to this, it is important to note that airdrops take place at off-peak hours to reduce expenses and environmental impact of gas use. Also, the distribution to participants is based on a fixed formula, determining how many tokens are to be given out to a particular type of holder.
The wide variety of mechanisms adopted for distribution makes the Xenon Network an attractive choice for investors. It is important to note that the platform is still in a development stage, like the EOS system. That said, there is room for growth. Also, for holders who want easier access to tokens, the many ways to access coins, either online or through regular delivery. Holders must also keep track of airdrop dates. The platform is in a growing stage, and may be overwhelmed in a crowded airdrop style platform environment, but for investors who are looking for less risky alternatives, this could spell a good opportunity.
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