Xai enables potentially billions of traditional gamers to participate in open exchanges, allowing them to trade in-game items in their favorite games without having to interact with a crypto wallet. The Xai network is open and decentralized, and anyone can operate a node, earn network rewards, and participate in governance.
Xai was developed by Offchain Labs and leverages the power of Arbitrum technology.
The Xai Token will play a dual role on the Xai Blockchain. First, it will serve as the designated gas token, facilitating transactions within the network. Additionally, the Xai Token will be rewarded to validator nodes for their role in validating transactions. Furthermore, the Xai Token will serve as the primary token in the gaming ecosystem, accepted as payment for games and in-game items.
XAI Token’s Utility and Purpose
XAI is the record token of the Xai blockchain. Its utility is consistent with traditional tokens on popular L1 and L2, and XAI is fully transferable.
XAI is the gas fee token on Xai L3
XAI can be destroyed and redeemed for esXAI at a 1:1 ratio at https://app.xai.games.
XAI & esXAI Emissions and Combustion
The maximum total supply of XAI and esXAI combined is 2.5 billion tokens.
Total supply is the total amount of XAI and esXAI in existence at any given time, whether locked or unlocked.
The circulating supply is the total amount of XAI and esXAI in existence and unlocked (excluding any locked portion).
All gas fees paid in the Xai ecosystem are paid and burned in XAI.
The daily sentinel node emission of esXAI depends on the current XAI and esXAI total supply. The XAI total supply is reduced by burning XAI as gas in the Xai ecosystem. The esXAI total supply is also reduced by burning esXAI during the redemption process (depending on user input).
The daily emission rate of esXAI remains dynamic, depending on the total supply of XAI and esXAI. After reaching a critical threshold of total supply, the emission of esXAI will automatically halve. Conversely, if the total supply shrinks below the threshold of a halving event due to burning, the emission rate of esXAI can increase to accommodate demand. These dual factors interact to establish a flexible and adaptable supply mechanism. This mechanism ensures lasting ecosystem rewards for sentinel nodes, thereby solving a key problem of the chain. At the same time, dynamic halving limits the overall supply by exerting negative pressure on the number of tokens in circulation.
The daily emission starts decreasing once the total supply reaches about half of the maximum total supply. The reduction continues every time the total supply increases by half of the previous threshold. The basic emission section is as follows:
≤ 1,250,000,000
1,712,328.7671232900
≤ 1,875,000,000
856,164.3835616440
≤ 2,187,500,000
428,082.1917808220
≤ 2,343,750,000
214,041.0958904110
≤ 2,421,875,000
107,020.5479452050
≤ 2,460,937,500
53,510.2739726027
≤ 2,480,468,750
26,755.1369863014
…etc. And this goes on and on.
85% of esXAI emissions support the essential work of Sentry nodes, ensuring the integrity of the network. The remaining 15% is allocated to gas subsidy nodes, which are used to help create a gas-free experience for players, thereby reducing friction on the chain and potentially increasing transaction volume.
Utility and Purpose of the esXAI Token
esXAI is a non-tradable and non-transferable token. Its utility is focused on staking within the Xai ecosystem to gain various benefits.
XAI can be instantly redeemed for esXAI at a 1:1 ratio at https://app.xai.games.
esXAI can be destroyed and redeemed for XAI at different rates and waiting periods. This process is explained in more detail in the redemption process.
esXAI is used to reward sentinel node operators and provide operators with a variety of benefits.
Staked esXAI provides the following benefits:
Participate in the staking pool
Mining Pool Creation: To increase the utility of Sentinel Keys, mining pool creation will be available only to KYC’d Sentinel Key holders. This empowers our community members who have been verified, meet our security standards, and have demonstrated a strong track record of supporting the Xai community.
Pool Configuration: Pool owners will be able to name their pool, provide a description, attach links to social accounts, and set a payout split to distribute rewards between pool owners, key stakers, and esXAI stakers.
Pooling Keys: By pooling keys together, our community members can collaborate to smooth out reward emission rates. This pooling strategy results in more consistent and significant rewards, benefiting all participants of the pool.
Pool esXAI: Any esXAI holder can join a pool, regardless of whether they have a Sentry Key, stake their esXAI and receive a portion of the pool rewards. This will allow pool owners to connect with a wallet address regardless of their holding level.
Rewarding Participants: Sentry node rewards in the form of esXAI for all keys participating in the pool will be collected by the pool contract and redistributed to pool participants according to the pool's configuration.
For more information, please check out the Pledge Instructions section. Please also check out the Pledge Terms on our website.
Exclusive Access (Q2 2024): In the future, esXAI holders will have access to special events and assets related to projects (games, dex, protocols, etc.) deployed to the Xai blockchain.
Governance (Q4 2024): In the future, esXAI holders and key holders will be able to vote on governance proposals.
Season 2 is here, and with it comes the origins of Xai Vanguard.
Vanguard is reserved for the most active Xai gamers. Players who make it to the Vanguard will be celebrated.
In Season 2, players will:
- Play games on Xai
- Using dApps on Xai
- Earn in-game assets and other rewards
GLHF Series
