Massively Distributed EOS-derived Blockchain XenonNetwork to Begin Token Distribution

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XenonNetwork, an enterprise-scale Blockchain launching in July 2018 will kick off with 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.

“We believe that distribution and adoption are the most important factors determining the success of a Blockchain project. We are determined to have this token in the hands of as many people as possible at the launch of the Blockchain in 2018.” said Mr Kong.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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