Massively Distributed EOS-derived Blockchain XenonNetwork to Begin Token Distribution

  • XenonNetwork (http://xenon.network/), an enterprise-scale blockchain launching in July 2018 begins a massive distribution of their native Xenon (XNN) ERC-20 compatible tokens to over 400,000 active ethereum addresses at the beginning of October.
  • The organization proposes to distribute the Xenon tokens as follows: – – — 30 percent of Xenon tokens will be distributed to ethereum addresses containing more than or equal to 0.1 ether in early October.
  • — 20 percent of Xenon tokens will be distributed to bitcoin holders based on proof-of-holdings in November.
  • In July 2018, these ERC-20 tokens will be redeemable for native tokens on the newly launched blockchain.
  • “We believe that distribution and adoption are the most important factors determining the success of a blockchain project.

XenonNetwork , an enterprise-scale blockchain launching in July 2018 begins a massive distribution of their native Xenon ERC-20 compatible tokens to over 400,000 active ethereum addresses at the beginning of October.

XenonNetwork (http://xenon.network/), an enterprise-scale blockchain launching in July 2018 begins a massive distribution of their native Xenon (XNN) ERC-20 compatible tokens to over 400,000 active ethereum addresses at the beginning of October. In addition to this, a similar distribution to bitcoin holders will occur in November, followed by a proof-of-individuality public token distribution from November through to June 2018.

“The EOS project engages a proven team developing the world’s most innovative and high-throughput enterprise blockchain. However, recent regulatory issues surrounding initial coin offerings in China and the United States, as well as limitations of the crowd-sale distribution model may create potential hurdles for adoption of the project. We present a massively distributed alternative implementation of the EOS project which avoids these limitations,” said Andrew Kong, Cofounder of XenonNetwork.

The organization proposes to distribute the Xenon tokens as follows:

— 30 percent of Xenon tokens will be distributed to ethereum addresses containing more than or equal to 0.1 ether in early October.

— 20 percent of Xenon tokens will be distributed to bitcoin holders based on proof-of-holdings in November.

— A further 20 percent of Xenon tokens will be distributed using proof-of-individuality mechanisms to encourage widespread circulation of the tokens.

In July 2018, these ERC-20 tokens will be redeemable for native tokens on the newly launched blockchain.

Massively Distributed EOS-derived Blockchain XenonNetwork to Begin Token Distribution