Binance's unveiling of XAI token launchpool promises not just new avenue for users but also piques interest with its intriguing resemblance to Elon Musk's AI venture, xAI
Binance, the world's leading crypto exchange, has introduced its new initiative – the XAI token launchpool. Starting January 5, users can stake BNB, FDUSD, and TUSD to earn XAI tokens. Trading for XAI on Binance is set to begin on January 9.
The XAI Launchpool offers insights such as a maximum token supply of 2.5 billion XAI, with 3% of this supply designated as rewards.
The name "XAI" from Binance bears a striking resemblance to Elon Musk's AI startup, xAI. Although the two operate in different sectors, this similarity has stirred interest. This coincidence raises questions about whether projects use attention-grabbing names to gain market attention. This recalls the surge of the meme token Grok, inspired by Musk's AI chatbot, which saw a massive increase in November. While XAI has potential on Arbitrum, its name adds an extra layer of interest to its story.
