Xai is the first layer3 in the arbitrum ecosystem, designed to onboard traditional gamers to web3 gaming.
Xai empowers traditional gamers to participate in open trade, allowing them to trade in-game items in their favorite games without the necessity of interacting with crypto wallets. The Xai network is open and decentralized, enabling anyone to operate a node, receive network rewards, and participate in governance.
Problems Solved:
Scalability: Layer3 technology enables scale to hundreds of millions of users without sacrificing interoperability, composability, and security.
Gas Fees: Xai mitigates the issue of gas fees in blockchain gaming by leveraging an innovative gas subsidy contract, completely eliminating gas fees and making in-game actions low friction for players, fostering the growth of the blockchain gaming ecosystem.
Wallet Interaction Hurdles: Xai addresses friction hurdles for traditional gamers by seamlessly integrating cryptocurrency wallets into the backend of the gaming experience, managing them on behalf of the player to streamline onboarding and usage.
Stability: Xai ensures the stability of its blockchain network by implementing robust AnyTrust technology and optimized smart contract execution, providing a stable environment for gaming.
XAI is the native gas token of Xai, users can redeem XAI for esXAI, which can then be staked for the following utilities:
Yield Account: Staking esXAI in the yield account increases the yield of esXAI for node operators.
Culture Account: Operators can stake esXAI to access special events and NFTs related to games on the Xai Blockchain.
Governance Account: Staking esXAI provides governance rights, allowing participation in proposals for the DAO/Foundation treasury.
Xai constitutes of the following major components:
Xai operates as an Arbitrum Orbit chain, harnessing Anytrust technology to achieve maximum speed and minimal costs. Unlike most Orbit chains that are "self-managed," Xai benefits from direct technical support courtesy of Offchain Labs.
The Sentry Node is an observation node that monitors the Xai rollup protocol and if an incorrect block is proposed, it raises an alarm (by whatever means its operator chooses) so that others can intervene. The purpose of Sentry nodes is to solve the verifier’s dilemma.
Xai has raised ~$10MM from three rounds of fundraising at the price of $0.01, $0.032, and $0.035 per XAI respectively.
As of Jan 3th, 2023, the max supply of XAI is 2,500,000,000 and the circulating supply upon listing will be roughly 277,118,150 (~11.08% of the max token supply).
Key metrics (as at January 3th 2024)
1. What is Xai (XAI)?
Xai was developed to enable real economies and open trade in the next generation of video games. With Xai, potentially billions of traditional gamers can own and trade valuable in-game items in their favorite games for the first time, without the need to use crypto-wallets. Anyone can support the Xai network by operating a node which allows them to receive network rewards and participate in governance. Xai is developed by Offchain Labs leveraging Arbitrum technology.
Xai aims to onboard hundreds of millions of traditional gamers to blockchain gaming for the first time by abstracting away wallets and providing a fast, low-friction gaming experience, all while delivering the benefits of blockchain technology, including open trade, interoperability, composability, and item ownership.
The previous generation of blockchain gaming ecosystems demonstrated that blockchain gaming has a place in the larger gaming ecosystem. However, blockchain gaming still requires more scale. Xai's core value is to make it easier than ever for traditional gamers to experience the benefits of blockchain gaming by prioritizing a delightful, low-friction user experience as the most important tenet of the project.
1.1 Highlights
Testnets exceeded 4 million daily transactions, over 150 million total transactions, and nearly half a million connected wallets.
Raised over $20 million through node sales in ~3 weeks.
1.2 Existing Products
Xai Blockchain
Description: Xai is built to enable open trade in the next generation of video games. With Xai, potentially billions of traditional gamers can own and trade valuable in-game items in their favorite games for the first time, without the need to interact with crypto-wallets. Mainnet goes live on January 9th, 2024.
Data:
150M+ total testnet transactions
500K testnet wallets created
Averaged more than 4M+ transactions per day
Website: https://xai.games/
Sentry Nodes
Description:The Sentry Node is an observation node that monitors the Xai rollup protocol and if an incorrect block is proposed, it raises an alarm (by whatever means its operator chooses) so that others can intervene. The purpose of Sentry nodes is to solve the verifier’s dilemma.
Data:
$20MM++ total revenue generated in 3 weeks
$2.5MM++ in rewards granted to referral partners
30K+Keys sold
5K+ wallets purchased at least 1 Key
5K+ active nodes
Website: https://xai.games/sentrynodes
Final Form (Game)
Description: Final Form is the first game developed by Ex Populus that will be deployed to Xai Blockchain and published by Xai Foundation. In Final Form, players will participate in high frequency deck building and auto-battles mashed-up with Rogue-Lite mechanics. The game launches in April 2024.
LAMOverse (Game)
Description: LAMOverse is the second game developed by Ex Populus that will be deployed to Xai Blockchain and published by Xai Foundation. Chaos is the name of the game. In LAMO, everything, including the world itself, is destructible. Outlast your opponents by raining destruction from your personalized hovercar. The game launches in 4Q2024.
Tarochi (Game)
Description: Taroch is a thrilling onchain RPG, where every quest, every challenge, and every monster caught becomes a part of the blockchain history. Journey through a vast, immersive land, interacting with NPCs, unlocking achievements, and unraveling quests.
Data:
17K battles completed
2,5K unique players in the first month
100K+ transactions
Website: https://twitter.com/TarochiGame
Web3 Warriors (Game)
Description: Web3 Warriors is an epic onchain survival game. Escape the dungeon by battling elemental lords, endless waves of undead enemies and terrifying bosses. Earn $BATTLE tokens and upgrade your characters by buying NFTs in the in-game shop.
Data:
~164 days total play time (~4000 hours)
Session average 30m, 90th percentile 1.5-2h
WAU & MAU peak at 22.1k
Day 1 retention average 40%
Website: https://web3warriors.thirdweb.com/
2. Token sales and economics
XAI Token Allocation
XAI Token Release Schedule
Notes: 2.08% of total token supply will be released from DAC and Nodes portion at TGE, where the remaining portion will be released dynamically, therefore they are not included in the graph above. Plus, all the gas fees spent will be burnt.
3. Roadmap and Updates
3.1 Milestones
3.2 Current Roadmap
Q1 2024:
Season 1 Airdrop
Mainnet Launch
TGE and Exchange Listing
Tarochi and Web3 Warriors deployment to Xai
esXAI staking
Camelot, LayerZero and Rarible deployment to Xai
Q2 2024:
Final Form, MIX games and other games deployment to Xai
Q3 2024:
LAMOverse and MIX games deployment to Xai
3.3 Commercial and Business Development Progress
Offchain Labs: known for deploying Arbitrum, a Layer 2 blockchain solution. There are 3 key aspects of the collaboration: 1) deploying Xai, a layer 3 chain built on Arbitrum, 2) designing Xai Sentry Nodes to solve the verifier’s dilemma, and 3) building a bi-directional, canonical bridge between Arbitrum One and Xai.
Team Secret: a prominent name in the esports and gaming community. The primary goal of this collaboration is to revolutionize game distribution using blockchain technology.
Media Indie Exchange (MIX): a renowned platform in the indie gaming scene. This collaboration is aimed at both sourcing a rich variety of indie games and enhancing their distribution through blockchain technology. MIX brings to the table an impressive pipeline of over 100 games, ready to be deployed on Xai's platform.
Rug Radio: a dynamic player in the digital media and blockchain space. This partnership aims to tap into Rug Radio's unique position in the media landscape to promote and distribute games on Xai's platform.
Camelot: a DEX that will deploy on Xai.
Rarible: a NFT marketplace that will deploy on Xai.
Thirdweb: a web3 development toolkit that allows developers to onboard users with wallets, build & deploy smart contracts, accept fiat with payments, and scale apps with infrastructure — on any EVM chain.
LayerZero: an interoperability protocol that will deploy on Xai.
4. Community
5. Appendix