First of all, I do want to wish Jake good luck🍀with the launch of TitanX.

That said, this is where I see it being different from #XEN:

  • The ambiguity around the 3% fee contrasts with XEN's definition of the 'Trustless' principle
  • Somewhat unclear use of this 3% fee deviates from XEN's interpretation of the 'Transparent' principle
  • While some of the ideas were borrowed from #XEN, I heard Jake on CryptoKindness.ETH stream publicly state that while he can't lock the code itself (smart contract code will be on-chain - no way around it)... ; he'll sue anyone who will copy and/or use part of the TitanX code. XEN on the other hand is completely open sourced and free to use by anyone, released under one of the most permissive MIT license: https://github.com/FairCrypto/XEN-crypto

Of course, Jake has a full right to create whatever fee structure and monetize the platform whichever way he likes. I am certain it wasn't cheap to create in the first place, so this post is not about him profiting from his creation. Anyone can start a business. This post is mostly about how the fee structure and ability to use code, contrasts with my definition and interpretation of XEN principles (just my opinion):

Any thoughts on this topic?

    DBxen rules.

    I’d rather stay $XEN… no 3% fee with xen vs Titian, and I believe in Jack vs Jake…

    Who’s project u trust more?

    Jake titX0%
    Jack L100%
    This poll has ended.

    Yeah, that unclear 3% in a project that bets all on fomo seems like a safe haven for the developer to me.
    It´s like I´ll add liquidiy to the pools...... or not..... don´t blame me if I keep it all.....

    My thoughts…
    Xen is owned by the world, not one single entity/ person. No other crypto out there is like Xen…NONE!

    Any allocation that is not to the holders and is coded to go to another wallet is considered a shitcoin and should be treated as such!

    You CANNOT trust someone else has your best interest at heart when it involves your own hard earned money…plain and simple!!

    Everyone likes new shiny things, TitanX is a new shiny thing….be careful! That is all. Be Xen!!

    Admin he'll sue anyone who will copy and/or use part of the TitanX code

    Lol, good luck buddy. Someone can copy his code and remove or lower the fee and there's nothing he can do about it.

    Edit: as long as they dont name/facefag, that is. Perfectly happy to instruct anyone wanting to do this. Just send me your email address.

    I don't think anyone out of Jake, Richard, or Jack are as transparent as their communities would like them to be. They all have some financial incentive, likely more than the average investor because of sunk cost efforts, to personally profit from these projects and end up covering up/ignoring any blatant displays of objective self-interest by portraying themselves as some benevolent tech savant who knows everything better than you, and when they get called out, they dodge questioning or commit to some kind of logical fallacy in their response.

    Richard and Jake have to be particularly careful with their wording to avoid legal issues. This is obviously a sign that some part of their product could (likely, let's be real here) be used unfairly to their own advantage.

    Jack will tell you all day how he's all about fair crypto, and to his credit the Xen token itself appears to be considered fair by most, but he won't tell you why for example XENFTs were designed to call self-destruct on the VMUs when they could have been used for re-minting.

    It is what is, the builders will always have an advantage over users in this space, they control the narrative, the code, and the art of the grift.

      genesis_1_1_1
      I honestly think that reminting wasn't on anyone's mind at that time, not only technically speaking it was considered in November 2022 when xen team was designing it...(note that cointool claim and remind as one cost saving function came out later) but also at the time there was a lot of commotion around how much xen is being released without any way to burn in (not that DBXEN came out in February).

        Admin It's not about the truth of the answer itself as much as it is why Jack refuses to read the room and cooperate with the community. In a recent twitter spaces someone brought this up and Jack said "the community can go make a new XENFT contract." He could have said, "we'll look into it, since it could save everyone gas, and if it's not possible we'll write up something explaining the technical limitations of it", but he basically told his own community (in a bear market nonetheless, where only the most faithful of crypto are currently participating) to kick rocks.

        Builders are a tiny minority in the Xen ecosystem and even IF a new volunteer were to go through with creating a new XENFT contract, who's going to trust it, and who's going chip in the money to get it audited?

        Jack's been making jabs at Jake for changing his mind on building TitanX on Xen (because of VMPX) and it's disillusioning to watch, Jack is almost 50 and he's acting like a middle schooler. He may not "owe anyone anything" but his dismissive, belligerent attitude sure has contributed to the division of the community largely into yes-men who refuse to question him and justifiably angry people who used to be a part of Xen and are now no longer. Now so much of the community is thinking with emotions and not about what is best for Xen. What a mess of tragically missed opportunities to make the Xen ecosystem larger and more far-reaching than it is now, all because he "doesn't owe anyone anything."