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Xenon Pay

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Xenon Pay is a decentralized deflationary high-yield token.
You generate a passive income as reflections if you hold the token. Their ultimate goal is to function as a Crypto Payment Solution.
Their aim is to build secure, useful, & easy to use payment solutions for multiple problems. It includes easy cryptocurrency payments integration.

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Authenticity & future plans

XenonPay intends to implement a payment structure in the crypto space.

According to their Whitepaper, “Xenon Pay is a frictionless, high-yield, deflationary token held on the Binance Smart Chain”, and their main use case focus is to provide a crypto payment solution.

Xenon Pay plans to meet and implement their Roadmap goals by a specific month such as, October, November, December etc.., rather than in Quarter.

Xenon Pay currently have their own on-site Swap, called Xenon Swap, included is an Exchange and Farming, also on their website is a “Guide to Staking” wherein investors can learn more about staking.

Investors can buy Xenon Pay, Swap, Stake and Farm all without having to leave their website, an investor may also choose to use PancakeSwap as an alternative.

According to Xenon Pay Roadmap, their first Audit was done in August, however we were not able to find information on the Auditing company or the audit results at time of writing

Audit:
Xenon Pay contract was audited Techrate

Markets:
At time of writing, Xenon Pay is not yet listed on an Exchanges but on 9/16/2021, they made an announcement on their telegram stating they are about to be listed.

Products:
Product current and Upcoming for Xenon Pay
Xenon Swap
Exchange
Farm
Podcast
Wallet
Payment Card
Merch

Xenon Pay has a lot of Potential, many of products are schedule to be released late 2021, check their roadmap for more information.

Transparency & Contract

The Devs of Xenon Pay project is fully Doxxed, retained ownership of their contract and is contract verified on BSCSCAN.

Upon reviewing the contract code, we did not find any discrepancies between the contract code and what is inherently written on their website.

Xenon Pay Contract Address: 0xdfd85305A752d70A07A995Fa724Ac4Ff787EBef2

Current Market Cap:
$13,830,109

Current 24Hr Volume:
$425,052

The above data is According to CoinMarketCap.

Liquidity, Tax & Reflections

All holders gain passive income from just holding Xenon Pay in their wallets, the amount of passive income depends on the amount invested as well as the amount transactions and volume.

Xenon Pay has chosen to retain their ownership of the contract.

Tokenomics:
Buy tax is 15%
Sell Tax is 15%
10% Redistribution to holders
5% to Liquidity Pool

Xenon Pay Liquidity was lock on CryptEx Locker more can be found on CryptoEx website.

Community

Xenon Pay has an active and organic community free of bots

Recently Xenon Pay informed the community of an issue pertaining to the number 2 wallet being compromised wherein 4.5 Trillion tokens was stolen and sent to an unknown wallet and was valued at $220K. they then decided to migrate the contract to a new address and fixed the issue of which they called "taking lemons and making lemonade", throughout this entire process, the community was kept well informed.

​Community by the numbers:
26.3K Twitter Followers, most recent Tweet (Announce the next AMA is schedule for 9/21/2021)
1.4K Reddit Members, most recent post (Today by one of the members.)
3.1K Telegram Members, most recent post (Announce the next AMA is schedule for 9/21/2021)

Overall, the community is very organic, active and well informed.

Conclusion

Xenon Pay is utility token that aims provided a payment service in the crypto space, as well as a passive income for all the holders. they have strong vision and an ambitious roadmap.

It is apparent that Xenon Pay intends to be as transparent and as open as possible to both the community and all investors.

Xenon Pay took responsibility for issues relating to wallets being compromised as well as avoided a token crash, and kept the investors informed during the process.

We recommend another future audit for this token by Certik , Solidity or TechRate to increase trust with the investors

First Published:
Thursday, 7 October, 2021
Last updated:
Sunday, 10 October, 2021
Xenon Pay

77

Scoring legend:
Below 50: Needs improvement
50-75: Getting attention
Above 75: Massive potential

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