$XAI XAI Coin is the native token of the Xai platform. Here are some key information about XAI Coin
• Introduction to Xai platform:
• Xai is a blockchain platform tailored for the gaming industry, developed by Offchain Labs using Arbitrum technology. It allows players to own and trade in-game items from mainstream video games without the need for traditional crypto wallets, simplifying user blockchain interactions and facilitating widespread adoption among traditional gamers.
• Technical Foundation:
• Xai combines third-layer blockchain with Arbitrum's second-layer scalability and Ethereum's first-layer security, offering an efficient, scalable, and secure network optimized for gaming needs. This includes features like gasless experience and simplified wallet interactions to meet the needs of gamers and developers.
• Token Economics:
• The total supply of XAI Coin is 2.5 billion coins, with the initial distribution as follows: 20% for the team and early contributors, 22.41% for investors, 2% immediately unlocked for market making in the ecosystem, 5.5% unlocked over 42 months for ecosystem development, and 50.1% of rewards distributed in esXAI form with the exchange rate of XAI changing as unlocking time varies.
• Token Use:
• XAI Coin is primarily used as a gas token to facilitate transactions on the XAI blockchain. It also serves as a reward for validating transactions in the network. In the gaming ecosystem, it is considered the main token and can be used as a means of payment for games and in-game items.
• Community Participation:
• Xai emphasizes community participation. Users can support the network by operating nodes (sentinel nodes), participating in network governance, and earning rewards. Xai tokens are an integral part of this ecosystem, used for transactions and rewarding node operators, creating a decentralized collaborative environment.
• Gaming Ecosystem:
• XAI focuses on reducing gas costs, enhancing network stability, promoting creative game design, simplifying complex systems, and maximizing the potential of blockchain technology while minimizing user wallet interactions. This not only makes blockchain games more accessible but also provides developers with a platform to truly unleash their creativity.
• Investment Institutions:
• Investment institutions for XAI Coin include Akatsuki Inc, Gerstenbrot Capital, Blockwall Digital Assets, Citizen X, Fisher 8 Capital, and Animoca Brands.