What is Xai (XAI)?
Xai is a blockchain project that's creating a gaming-focused "layer 3" platform on top of the Arbitrum network. The mission of the Xai project is to make it easy for gamers to transition from traditional gaming to the world of web3 gaming. For example, Xai doesn't require gamers to interact with cryptocurrency wallets if they don't wish to do so. In addition, users don't need to pay any gas fees while playing thanks to a unique gas subsidy contract employed by the Xai platform.
The Xai platform implements the XAI token, which users can choose to redeem for esXAI. Then, users can stake their esXAI to participate in governance, access exclusive events and experiences in games connected to the Xai platform, or earn increased yield if they are operating a Xai node.
Xai is being developed with assistance from Offchain Labs, the creators of the Arbitrum platform. So far, the Xai project has raised $10 million from investors to fund the project's development.
Some of the games that will be launched on the Xai blockchain include Final Form, LAMOverse, Tarochi and Web3 Warriors. The mainnet launch of the Xai platform is scheduled for January 9, 2024.
Between January 5 at 00:00 UTC and January 8 at 23:59 UTC, users will be able to earn Xai (XAI) tokens on Binance simply by staking BNB, FDUSD or TUSD. The staked coins can be withdrawn at any time, and you'll be able to keep your XAI token rewards even if you withdraw before the farming period concludes.
Earn XAI Tokens on Binance
Binance plans to distribute 3% of the total XAI token supply to users on Launchpool. This translates to 75 million tokens out of a total supply of 2.5 billion tokens.
80% of these rewards will be distributed to BNB stakers, while the FDUSD and TUSD staking pools will receive 10% of the rewards each. However, this doesn’t necessarily mean that you will earn more XAI if you stake BNB rather than stablecoins. It all depends on how big the size of your stake is relative to the size of the staking pool you've selected.
In addition to featuring Xai on its Launchpool platform, the Binance will also be listing the XAI token for trading. Trading will go live on January 9 at 10:00 UTC, and XAI will be available in trading pairs against BTC, USDT, BNB, FDUSD, TUSD and TRY.
Binance will be listing XAI with the “Seed Tag”, which is used to label crypto projects that are still very early in their development. Cryptocurrencies with this tag were previously known in the “Innovation Zone”. The purpose of the Seed Tag is to let users know that the cryptocurrency might be more volatile and risky compared to most other cryptos listed on the exchange.
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