What is XEN Torrent

XEN Torrent is run by an ERC721 compatible smart contract that interacts with XEN protocols ERC20 smart contract, by virtue of bulk minting XEN as well as implementation of the Proof of Burn function native to the ERC20 contract. XEN torrent issues non fungible tokens, XENFTs, which contain user encapsulated cRanks, with the same maturity date.

XEN Torrent protocol is an immutable contract, with no admin keys and 100% transparent and open-source. The protocol is audited and audit report is shared with the XEN community prior to launch. There will be no pre-mint of XENFTs, as well as no founder or team allocations, whitelists, blacklists or sacrifices.

Comparison	XEN Protocol	XEN Torrent protocol
Standard	ERC-20	ERC-721
Issuance	XEN (fungible token)	XENFT (non-fungible token)
Main purpose	Medium of exchange	Bulk mint XEN, makes economic energy tradable