#XAI : The First Layer 3 Network on Arbitrum
What is Xai?
Xai (XAI), the 43rd project on Binance Launchpool, is the first Layer 3 network developed on the Arbitrum network. In this article, we will examine Xai, which stands out as a Layer 3 network. Now, let’s move on to our article where we answer many questions such as what Xai listed on the cryptocurrency exchange Binance is, and where to buy XAI coin.
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What is Xai?
Xai is the 43rd project added to the Binance launchpool. As the first Layer 3 network developed on Arbitrum, Xai is built on top of Ethereum’s Layer 2 scaling solution Arbitrum. Xai is essentially a hub for various blockchain-based games rather than being a blockchain itself.
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Xai offers customers higher transaction speeds and lower costs while providing higher security and reliability based on Ethereum’s strong foundation. Developed to facilitate the easy acquisition and trading of in-game items without the need for complex cryptocurrency wallets, Xai aims to merge the traditional gaming industry with the Web3 world.
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In this open and decentralized network, anyone can run a node, in other words, a node, and in return, be rewarded with XAI coin and participate in ecosystem governance.
The native asset of the Xai network is the XAI coin. XAI coin serves many important purposes including paying transaction fees and participating in governance. XAI is a currency used for all network-based transactions such as purchasing and selling in-game items in games. XAI holders have a say in the development of the network by voting on important proposals and decisions. Network participants who run nodes are rewarded with XAI coin.
