Xai (XAI) is the 43rd project launched on Binance Launchpool. As a layer 3 blockchain built on Arbitrum, it aims to provide a smooth transition for traditional gamers to the Web3 gaming world. This article will take a detailed look at Xai and its cryptocurrency XAI, explore how to earn XAI tokens through Binance Launchpool, and how to get XAI airdrops.
Latest News
According to the latest token economics, XAI originally planned to conduct a second token unlock on July 9, unlocking about 200 million XAI, accounting for 72% of its circulating supply. However, XAI officials announced that this unlock will be re-locked and spread over the next 6 months. The number of tokens unlocked this time has been reduced from the original 85 million to about 17.7 million.
According to the specific details of Xai’s official update, approximately 107.9 million tokens will be unlocked this time, including:
Investors: Approximately 72.3 million
Team: About 17.7 million
Advisor: About 4.2 million
DAC: Approximately 5.2 million
Xai Foundation: About 8.5 million
What is Xai (XAI)?
XAI is a layer 3 blockchain built on the Arbitrum Orbit network architecture, focusing on the gaming sector. Arbitrum and optimistic rollup technology enable Xai to provide faster and cheaper transactions compared to the Ethereum mainnet and provide players with a smooth gaming experience.
Xai's mission is to make it easy for gamers to transition from traditional games to the Web3 gaming world. For example, Xai does not require players to interact with cryptocurrency wallets if they do not want to. In addition, the Xai platform uses a unique gas subsidy contract that allows users to play games without paying any gas fees.
The Xai platform’s mainnet launch is scheduled for January 9, 2024, and the first batch of games to be launched on the Xai blockchain include Final Form, LAMOverse, Tarochi, and Web3 Warriors.
The Xai project was developed with the assistance of Offchain Labs, the creator of the Arbitrum platform, and has raised $10 million from investors to date for project development.
How Xai works
According to the official website, Xai mainly consists of the following two parts:
Xai Blockchain: Xai runs as an Arbitrum Orbit chain, leveraging Anytrust technology for high speed and low cost. Unlike most self-managed Orbit chains, Xai benefits from direct technical support provided by Offchain Labs.
Sentry nodes: Sentry nodes are run on the Xai network. These monitoring nodes monitor the Xai rollup protocol. If they detect that an incorrect block has been proposed, they will issue an alarm through the method chosen by their operator so that others can intervene.
XAI Token
XAI is the native cryptocurrency of the Xai Network and is primarily used for:
Serves as the designated Gas token to facilitate transactions within the network
Rewarding validator nodes
As the main token in the gaming ecosystem, used to pay for games and in-game items
Users can also choose to redeem XAI for esXAI and stake esXAI to participate in governance, access exclusive events and experiences, or earn higher returns when operating a Xai node.
Token Economics
According to the official website, the maximum supply of XAI is 250 million, and the token distribution is as follows:
50.1%: Allocated to the community and Sentinel node operators
22.4%: Allocated to investors
20%: Allocated to the team
7.5%: For the ecosystem
How to mine XAI tokens on Binance Launchpool?
Xai (XAI) will be launched as a new Binance mining project. Starting from January 5, 2024, users can stake BNB, FDUSD, and TUSD in different pools to mine XAI tokens within four days.
The details are as follows:
Token Name: Xai (XAI)
Total Token Supply: 2,500,000,000 XAI
Launchpool Token Rewards: 75,000,000 XAI (3% of total supply)
Initial circulation: 277,118,150 XAI (11.08% of total supply)
Mining time: 00:00 on January 5, 2024 (UTC) to 23:59 on January 8, 2024 (UTC)
Hourly reward limit:
BNB Pool: 62,500 XAI
FDUSD Pool: 7,812.5 XAI
TUSD Pool: 7,812.5 XAI
Staking pool and reward distribution:
Staked BNB: 60,000,000 XAI (80%)
Collateralized FDUSD: 7,500,000 XAI (10%)
Collateralized TUSD: 7,500,000 XAI (10%)
XAI Token Listed on Binance
The XAI token is scheduled to be listed on Binance at 18:00 (UTC) on January 9, 2024, and will launch trading pairs such as XAI/BTC, XAI/USDT, XAI/BNB, XAI/FDUSD, XAI/TUSD and XAI/TRY. Please note that Binance has labeled it as a seed, which means that these tokens may have higher volatility and risk.
XAI Airdrop
The Xai project also announced that 5% of its token supply (125,000,000 XAI) will be used for airdrops, and the following users will be eligible for the airdrops:
Vanguard NFT holders: 1,307 XAI per NFT
Legendary NFT holders: 290 XAI per NFT
Sentry Keys holders: Each Key will receive 1658 XAI
Currently, XAI airdrops are open for claiming. The official reminds users to beware of fake phishing links and emphasizes that XAI tokens are the native tokens of Arbitrum One and have not yet been deployed on other chains, so users should avoid falling into fake token scams.
XAI Token Price Analysis
The Xai (XAI) token was launched on Binance and Bitget exchanges on January 9. According to CoinMarketCap data, the initial price of XAI was $0.6767, and then quickly rose to a peak of $0.7864. However, in just 24 hours, the XAI price fell 42.4% to a low of $0.4531. Currently, the XAI price has recovered and broken through the $1 mark.
As of July 9, Taiwan time, the trading price of XAI was $0.3423, up 17.24% in 24 hours, reaching a high of $0.367. The market value of XAI reached $94,882,862, ranking 341st among all cryptocurrencies.
XAI Price Prediction 2024
2024 will be a critical year for the cryptocurrency market as the SEC approves all 11 Bitcoin ETF applications. Our XAI price prediction for 2024 is primarily based on the development of the Xai ecosystem and the impact on the broader market.
We expect the launch of the first games on the Xai network, as well as existing developers moving their products to Xai, to increase token demand. In addition, the Bitcoin halving event and the launch of a Bitcoin ETF could have a positive impact on the entire cryptocurrency market.
Although the circulating supply of Xai will continue to increase, which may put some downward pressure on the token price, our price forecast for XAI in 2024 remains optimistic, with a minimum price of $0.45, a maximum price of $1.12, and an average price of $0.98.
In summary, the Xai project has broad development prospects, and its innovative technology and ecosystem will bring new vitality and opportunities to the cryptocurrency market.
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