Low circulation, new concept, ARB official direct support for development, L3, game public chain, Binance support, low market value, etc. Today, let's talk about this coin. #Xai质押 #xai会暴涨吗？ $BNB
Let me talk about this from several dimensions.
First, it is newer and cheaper
Compared with its competitors, XAI’s current market value is only 1/10 of IMX’s.
Compare FDV: XAI is currently 2 billion, while IMX’s previous peak was 17.9 billion; GALA’s previous peak was 37.5 billion.
Assuming this bull run is stronger than the last one, the potential is still obvious, because there are only a few points to consider:
Should I choose to trade new coins or old coins?
Aren’t there too many locked-in positions in those old coins that have fallen by 95%?
Will it be easier to pull up the market if the circulation is low?
What is the potential of the blockchain gaming track?
Are public chains more worthy of attention than blockchain games?
Which leading public chain deserves more attention?
These points were the reasons why I decided to get on board first and then conduct in-depth research.
Second, the L3 public chain is a highlight, and ARB official directly develops and supports it
ARB is currently the leader in the second layer, with a market value of 21 billion, and is expected to reach 100 billion in the future. Excluding other things, just from the narrative level, XAI is the official ARB that directly supports the development and is the default child. To a certain extent, it should enjoy the spillover of funds from the top L2 leaders in the future.
In addition, consider ARB's strategic layout.
ARB's previous success was mainly due to GMX and others. In terms of DEFI, AR has achieved explosive growth due to its high security and fast speed.
However, as a chain, it is still a bit expensive to engage in chain games (it will be better after Cancun), and considering the OP's big STACK, it is still very stressful. ARB needs to break through, the ecosystem needs diversity, and more support. There is also a chain under ARB for social networking, which currently seems inferior to the game chain here.
Therefore, XAI's own L3 narrative and ARB's official support are both great highlights. It can be summarized as follows: XAI is the most eye-catching card in ARB's strategic layout.
The third is backed by Binance
Binance supports ARB, and COINBASE supports OP. This tendency should be easy to see.
In fact, there are some very strong projects in the Binance ecosystem in each bull market. In the past, most of them were games, and this round may be no exception. Binance is very strong in this aspect, much deeper than OKX's currency bureau in this aspect. This kind of layout especially needs a leader. In the last round, it was running shoes, and this round is currently particularly impressive.
From Binance’s perspective, the former ace player GMT has now collapsed. The NFTs purchased at high prices are now impossible to sell. There is no new traffic, and the number of new players every day is almost gone. How to deal with this situation?
Binance has always paid close attention to games. They will certainly be very happy to see a big brother come forward. At present, there is no other choice. For the time being, XAI objectively has the strongest potential. I judge this potential from several dimensions:
How are the resources of the project? The better the resources, the easier it is to build an ecosystem. XAI is backed by ARB and Binance, so it is still very easy. Moreover, as a game developer, you can do it on any chain, but it is safer to go to the chains of Binance and ARB, right?
What about the public chain narrative? I think it is better than a single chain game, because there can be countless games on a chain, and if any one of them becomes popular, the price of the coin will soar.
Fourth, economic models and selling pressure
The token is directly GAS. The more people play, the more useful the token is. At the same time, if users stake XAI tokens, they can increase the income of node operators.
Xai has raised about $10 million through three fundraising rounds at prices of $0.01, $0.032, and $0.035 per XAI.
According to the situation in the bull market, generally speaking, the price that VCs pay for chips is 0.035. The probability of a high-quality project breaking the issue price is low, so 0.05 is a price that is not much more expensive, and then a price increase of several times seems to be not bad - because institutions are generally still locking in at this time.
However, the current price has increased a lot compared to the previous one, so the ride is expected to be a bit bumpy.
Let’s take a look at the output of uncirculated tokens, that is, what is the selling pressure like?
XAI users can be nodes. Ordinary computers and servers can be nodes. The requirements are not high, 4G memory and 60G hard disk. The main cost is a Sentinel license NFT. The initial price is $300 for a node. The node token allocation is dynamic. According to the current 10,000 to 20,000 nodes, a node can get between 2,000 and 4,000 tokens.
The esXAI currency you get cannot be sold directly:
The minimum redemption period is 15 days, offering a ratio of 1:0.25 (25%).
The intermediate redemption period is 90 days, providing a ratio of 1:0.625 (62.5%).
The maximum redemption period is 180 days, offering a 1:1 ratio (100%).
The process of exchanging esXAI for XAI includes an unlock period, the duration of which is selected by the user.
The redemption ratio increases in proportion to the redemption period:
If the selected redemption period is lower than the maximum period (ratio <1:1), the deducted esXAI amount will be destroyed.
Mining Model
1. Mining income will decrease with the issued tokens (Total Supply), and the increase in nodes will also dilute the rewards (rewards for each win).
2. Each Key has a 1% chance to verify each challenge, 720 challenges per month (once per hour). According to the official, on average one Key will win 7.2 times per month.
3. The reward you get is esXai, which can be exchanged for Xai at a 1:1 ratio. It takes time to redeem it at a 1:1 ratio.
The minimum redemption period is 15 days and a ratio of 1:0.25 (25%) will be provided.
The medium redemption period is 90 days and will provide a ratio of 1:0.625 (62.5%).
The maximum redemption period is 180 days and a 1:1 (100%) ratio will be provided.
The nodes are becoming more and more expensive as they are sold. A maximum of 50,000 nodes can be sold, and it currently takes more than 4 months to make a profit.
Distribution of Tokens
Combining these data together, it is actually a bit overwhelming. The points that affect the game include: narrative prospects and short-term profits, when market makers will pull up and smash, ecological development, etc.
Fifth, narrative and pull
In a bull market, narrative is more valuable than substance.
As for public chains, to a certain extent, it depends on the market pull, chip distribution, and background. Otherwise, if you look at the bunch of L2s on the market and the bunch of game public chains, there are really not many that can compete. But when the bull market comes, funds rush in and market makers pull the stocks randomly, which is quite interesting.
I heard that the market maker of this project is DWF (I’m not sure, you can help me correct it in the comment section). In comparison, it is true that each market maker has a different style, but in fact, many projects also have multiple market makers taking turns to make markets.
But there are rumors about the styles of each one on the Internet:
I won’t comment on the accuracy, but the trend of TIA, in which JUMP participated, is indeed too strong (of course, this is related to the fundamentals of the project).
Back to XAI, I am not too worried about this aspect. Everyone has a few chips in hand, and the bull market is just around the corner. No matter who it is, theoretically, if they smash it easily, it may not be easy to buy it back.
So, I am more optimistic about this point.
