The 43rd project to be added to Binance Launchpool is Xai (XAI), according to Binance, a prominent cryptocurrency exchange.
The first L3 developed on Arbitrum, Xai, makes its debut with this alliance. Users may harvest XAI tokens over four days beginning from 2024-01-05 00:00 (UTC) by staking BNB, FDUSD, and TUSD on the Launchpool.
Xai, what is it?
An new layer-3 blockchain called Xai (XAI) was built on top of Ethereum's layer-2 scaling solution, Arbitrum.
Xai provides customers with faster transaction speeds and reduced costs while relying on the sturdy foundation of Ethereum, ensuring heightened security and dependability.
To facilitate the easy ownership and trading of in-game objects without the need for complicated cryptocurrency wallets, Xai is working to unite the conventional gaming industry with the Web3 environment.
Anyone may run a node, receive rewards, and participate in ecosystem governance on this open and decentralized network.
The XAI Coin and Its Purpose
The Xai network couldn't operate without the XAI token, which allows for several crucial features, including:
Gas Fees: XAI is the currency for all network-based transactions, such as buying and selling virtual goods in games.
Governance: XAI holders have a say in the development of the network via voting on important proposals and decisions.
As a reward, the network gives out XAI tokens to those that run nodes and make contributions.
A Wide-Range Gaming Environment
Xai is a hub for several blockchain-based games, rather than simply a blockchain itself. Xai is associated with many notable titles, including:
The finished product is a strategic card game in which players trade and fight with each other's cards.
Battles in LAMOverse are notoriously chaotic, and players face survival issues on a regular basis.
Controlling and influencing information is the main emphasis of Carnivale, an open-world role-playing game.
Listing and Launchpool Details
Token Name: Xai (XAI)Max Token Supply: 2,500,000,000 XAILaunchpool Token Rewards: 75,000,000 XAI (3% of total token supply)Initial Circulating Supply: 277,118,150 XAI (~11.08% of the total token supply)Smart Contract Details: XAI Token (XAI)
Xai will officially be listed on Binance on 2024-01-09 at 10:00 (UTC), with trading pairs including XAI/BTC, XAI/USDT, XAI/BNB, XAI/FDUSD, XAI/TUSD, and XAI/TRY.
This listing is a significant milestone for Xai, positioning it for increased visibility and adoption within the crypto and gaming communities.
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