Cointool Saga Continues...

treebsOG

Admin can be claimed without ETH using Xenon...
This is news to me and it's also confusing with the wording. You're saying you can claim your DBXENFT daily rewards for free on Xenon or does this all go back to coin tool mints?

xen420

Admin its contract was never audited

that made me go by xenfts for most of my mints. i only made some batch mints on cointool and xenturbo to try it out

ClaudiaXen

great to get the whole picture for the saga, thank you Jozef , I only minted XENfts on the original site, no third party risk

EtherX

I started minting XENFTs when Razvan announced Xenon.

DacxyBoi

I use Xenfts cuz they allow me to get out if I need however I cant now 🙁. You think all those mints went in cuz someone knows something abt X1?

IkennaGIfenna

This is beautiful, analytical and honest. Thank you for sharing

Admin

#XENFT vs #COINTOOL REMINT

📊Ethereum Test conditions:

100 VMU Mint @ 5.48 gwei & 0.6 priority
$ETH Price as of 6 AM EST (Oct 14, 2023)

Results:
Compared to Cointool or XENFT regular mints, 𝐂𝐨𝐢𝐧𝐭𝐨𝐨𝐥 𝐑𝐞𝐦𝐢𝐧𝐭 is 12.32% cheaper. So, not 90% or free, as some claim!

Franco

Admin

Results:
Compared to Cointool or XENFT regular mints, 𝐂𝐨𝐢𝐧𝐭𝐨𝐨𝐥 𝐑𝐞𝐦𝐢𝐧𝐭 is 12.32% cheaper. So, not 90% or free, as some claim!

To be fair, the biggest cost reduction is when using the 'claim and remint' at the maturity date.

Admin

Franco

yes, but you still need money to claim at the end, so you need to be sure you want to mint XEN twice and also have funds available for it later... also, how many times it'll make sense to do repeating max mints, considering mints will yield less xen over time... anyways, this is a good debate

Admin

Franco

🚨Quick clarification:

I minted XEN with Cointool
Claimed XEN
Created another 'empty slots mint' @ 12% discount

I watched TrVon's video and used another Cointool option (claim+remint function) which in a single transaction achieves an additional discount.

Another Minter that uses claim and remint claims 75% saving over empty slot mints that I tested:
https://xenturbo.io/miner:

But as I said, you'll still need money to claim the remint, so be sure you want to mint XEN twice and have funds available for the second or subsequent Cointool claims. In my view, XENFTs have more utility (DBXENFs, XENON, Transfers,..) than you'll get from Cointool or XenTurbo mints, so weigh the options!

Admin

Consider using the open-source Python-powered #XENFT Miner I introduced a few months back. With this, you can specify the gwei limit & mint XENFTs in the most economical gwei.

Check it out here: https://xen.pub/forum/d/104-mint-xenfts-at-lowest-gwei-with-this-python-code.

This way you can probably save more than 12%.

Franco

Admin

But as I said, you'll still need money to claim the remint, so be sure you want to mint XEN twice and have funds available for the second or subsequent Cointool claims. In my view, XENFTs have more utility (DBXENFs, XENON, Transfers,..) than you'll get from Cointool or XenTurbo mints, so weigh the options!

I have used both Cointool and XENFTs for over a year (and started using XENTurbo), and 80% of my future XEN will be claimable from XENFTs due to the abovementioned reasons.

Admin

Franco

Cointool remint is presenting advantage only for the second mint (remint) & essentially forces people into doing a remint at the time of claim (there is a limited window when you can do this), in order to create those dramatic savings.
At the end of the day, it comes down to day and time and gwei at the time of minting and claiming.
As gwei can fluctuate significantly during the day, while it's important to know what tool to use, it's significantly much more important to know when to mint. Gwei fluctuates and knowing when to mint can create better savings than using a specific tool. Of course, if you combine tool with smart execution time, you'll benefit the most. But you also need to weigh the risk associated with non-audited tools.

Franco

As written before, it's hard for me to understand the reason for the current Cointool outrage on social media other than a staged smear campaign.

Franco

Funnily enough, the shitheads who initiated the smear campaign built a front-end for Cointool to protect themselves, and of course didn't share it with the community.

Xen0m0rf0

I´m making another test just to be sure they´re not using some kind of tool like in the xenon app to pay for the remint with the claimed xen. I´ll post the results tomorrow.

Admin

Consider voting here:
https://twitter.com/jarosciak/status/1713493912306737348

Xen0m0rf0

Well I think the drama is over after yesterday spaces. Joe Blau explained how it works and Jack explained the reasons for not having the batch minter on the main page of Xen.Network

Here´s the link to the spaces, It was a good one:
https://x.com/simplewaters/status/1713627590613938474?s=20

As for the test I posted yesterday, I got all the xen that I was supposed to get. I guess it was just my tinfoil hat trying to understand where the discount came from. BUT be aware that the gas estimation can be way off. In both of my claims, the plain claim of 100vmus and the claim and remint of 100vmus, Metamask said each one would cost me 0.01$ and both ended up costing 0.12$. It was on base so no big loss there, but be aware that it can happen on other chains too. You would want to set up your gas limits to avoid it.