Binance has announced Xai (XAI) as the 43rd project on Binance Launchpool.
This partnership marks Xai’s debut as the first L3 built on Arbitrum. The Launchpool allows users to stake BNB, FDUSD, and TUSD to farm XAI tokens over a four-day period, starting from 2024-01-05 00:00 (UTC).
What is Xai?
Xai (XAI) is an innovative layer-3 blockchain developed on top of Arbitrum, a layer-2 scaling solution for Ethereum.
By building on the robust foundation of Ethereum, Xai ensures heightened security and reliability while providing users with quicker transaction speeds and lower fees.
Xai’s mission is to bridge traditional gaming with the Web3 space, allowing gamers to own and trade in-game items effortlessly without complex crypto wallets.
This open and decentralized network invites individuals to operate nodes, earn rewards, and engage in the governance of the ecosystem.
XAI Token and Its Utility
The XAI token is the backbone of the Xai network, facilitating various essential functions:
Gas Fees: XAI is used to pay for transactions within the network, including activities like purchasing and selling in-game items.
Governance: Holders of XAI can influence the network’s future by voting on proposals and critical decisions.
Rewards: The network incentivizes node operators and contributors by distributing XAI tokens.
Diverse Gaming Ecosystem
Xai is not just a blockchain; it’s a breeding ground for an array of games that incorporate blockchain technology. Notable titles under Xai’s umbrella include:
Final Form: A strategic card collector game where players trade and battle cards.
LAMOverse: A competitive platform featuring chaotic battles and survival challenges.
Carnivale: An open-world RPG focusing on information control and influence.
Listing and Launchpool Details
Token Name: Xai (XAI)
Max Token Supply: 2,500,000,000 XAI
Launchpool 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)