How to mint a XENFT

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XENFT is an XEN NFT token that was released on December 30 by the Fair Crypto Foundation. It is based on the Erc-721 and the XEN Torrent protocols. The XENFTs are essentially the XEN Crypto token batch minters because they hold the future token mint, and the Apex and the Limited Categories also have the XEN burn functionality. Other than the ability to immediately sell your future XEN mint, they also hold collectible power because each of them is unique with embedded properties that may have different value. Here we’ll show how to mint a XENFT and how to sell it on an NFT market like OpenSea. All kinds of XENFTs are already on sale on OpenSea if you want to buy one instead of minting it.

Why mint a XENFT

There are different reasons why one may want to mint a XENFT, but the main reasons are:

  • It gives you the ability to simultaneously batch mint XEN with many virtual wallets instead of one at a time
  • Greater security because you have to secure one account instead of many
  • You can sell your future mint right away instead of waiting until the mint term is over.
  • The collectible value
  • Burning of the XEN supply 
  • The amplification you’ll get on the new reflection token that is planned for Q2
  • Possible future utility that will be built by different developers

Which XENFT is the best

XENFTs are divided into three categories with different classes:

  • Apex (5 Classes: Xunicorn, Exotic, Legendary, Epic, Rare)
  • Limited
  • Collector (8 Classes: Ruby, Opal, Topaz, Emerald, Aquamarine, Sapphire, Amethyst, Xenturion)

The collector category is a straight batch minter, which means that you get to mint XEN with 1 to 128 VMUs (Virtual Minting Units, or virtual addresses), making you spend less time and effort on minting XEN. 

The Apex and Limited categories necessitate minting XEN with at least 100 VMUs while also burning between 250 million and 10 billion XEN.

The best XENFT is the one that you’re comfortable minting, depending on the resources you have. If you have a little ETH to pay for the gas fees, then you will mint a XENFT from the Collector category. The amount of VMUs and the length of your mint term will decide your Collector Class. If you already have XEN and want to burn it, the best XENFT will be from the Limited or Apex categories. 

You may take into consideration the future utility of XENFTs. If a particular XENFT is to give you some privilege or amplification depending on one category rather than another, then this is something you may want to take into consideration.

Before burning XEN, read the XENFT Litepaper.

XENFT categories
XENFT Categories and Classes

How to mint a xENFT

The best place to mint a XENFT is on the official xen.network website.  If you don’t have any XEN yet, you can mint it following the standard minting method described here, or you can do this using the XEN Torrent protocol that goes in tandem with the XENFT.  If you already have the required minimum amount of XEN to burn, then you can mint a Limited or an Apex XENFT straight away.   12 STEPS TO MINT A COLLECTOR XENFT:
  1. Download and install MetaMask
  2. Go to xen.network
  3. Connect your wallet4. Click the Mint XENFT button.5. Set the XENFT category to Collector 6. Choose the number of VMUs  7. Select the mint term 8. Click the Mint XENFT button. 9. Sign the agreement in MetaMask 10. Confirm the transaction in MetaMask 11. View your XENFT in the dashboard 12. Click the OpenSea link.
13 STEPS TO MINT A LIMITED XENFT:
  1. Download and install MetaMask
  2. Go to xen.network
  3. Connect your wallet
  4. Click the Mint XENFT button.
  5. Set the XENFT Category to Limited 
  6. Choose the number of VMUs from 100 to 128
  7. Press Approve XEN
  8. Sign the agreement in MetaMask
  9. Approve the amount of XEN to burn in MetaMask
  10. Press Mint XENFT 
  11. Confirm the transaction in MetaMask
  12. View your XENFT in the dashboard
  13. Click the OpenSea link.
15 STEPS TO MINT AN APEX XENFT:
  1. Download and install MetaMask
  2. Go to xen.network
  3. Connect your wallet
  4. Press Mint XENFT button
  5. Set the XENFT category to Apex
  6. Choose the number of VMUs from 100 to 128
  7. Select the mint term
  8. Choose the Class depending on the number of XEN you want to burn
  9. Press Approve XEN
  10. Sign the agreement in MetaMask
  11. Approve the amount of XEN to burn in MetaMask
  12. Press Mint XENFT 
  13. Confirm the transaction in MetaMask
  14. View your XENFT in the dashboard
  15. Click the OpenSea link.

When you mint a XENFT, it becomes visible on the OpenSea NFT marketplace, and you can expect some buy offers.

Read our articles on gas fees, best security practices and manage gas fees and solve common issues with transactions.