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Home All Events - Ape O'Clock Fenix Protocol Multichain Launch


May 27 2023


5:00 pm

Your Time

  • Timezone: America/New_York
  • Date: May 27 2023
  • Time: 1:00 pm



Fenix Protocol Multichain Launch

Launch of a XEN burning protocol on Avalanche / EthereumPOW / Moonbeam / EVMOS Fantom / DogeChain / OKChain.

The launch time has not been announced only that it is on May 27. This time is a placeholder but has been set based on the time of the previous launch on Polygon.

  • Launch Details
    • Deposit and burn XEN to mint native $FENIX, at a rate of 10,000 XEN = 1 FENIX
    • All deposited XEN is burnt
    • Only liquid XEN can be deposited and burned. bXEN that has not completed a claim term, staked XEN, or XENfts are not eligible
    • XEN can be minted directly on the XEN website, or purchased on a DEX
    • $FENIX rewards can be claimed after a 3-week cooldown
    • $FENIX earned can be staked between 1 – 7,777 days, to receive shares that can be redeemed for $FENIX at the end of the stake period
    • A stake will typically end even when approximately 71% of your stake term is completed
    • Early unstake penalty applies if you unstake before the staking period ends – taxed $FENIX is re-distributed to stakers
    • $FENIX supply is uncapped with a fixed inflation rate of 1.61% a year
    • No information on when $FENIX trading will be available
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