Binance Launches Xai (XAI) on its 43rd Project: A Gaming Blockchain on Arbitrum

Binance is set to introduce its 43rd project on Binance Launchpool, unveiling Xai (XAI), a gaming blockchain constructed on the Arbitrum technology as its premier Layer 3. The dedicated launchpad webpage is anticipated to go live within the next 24 hours, aligning with the commencement of the Launchpool.

Gamers and crypto enthusiasts alike can stake their BNB, FDUSD, and TUSD tokens in distinct pools, initiating a four-day farming event where XAI tokens will be the sought-after yield. The farming session officially commences at 2024-01-05 00:00 (UTC).

Following the farming period, Binance is scheduled to list XAI at 2024-01-09 10:00 (UTC). Trading will open with multiple pairs, including XAI/BTC, XAI/USDT, XAI/BNB, XAI/FDUSD, XAI/TUSD, and XAI/TRY. The Seed Tag designation will be applied to XAI during listing.

XAI Launchpool Details:

  • Token Name: Xai (XAI)
  • Max Token Supply: 2,500,000,000 XAI
  • Launchpool Token Rewards: 75,000,000 XAI (3% of total token supply)
  • Initial Circulating Supply: 277,118,150 XAI (Approx. 11.08% of the total token supply)
  • Smart Contract Details: XAI Token (XAI)
  • Staking Terms: KYC required

The allocated cap per user for the hourly hard cap stands at 62,500 XAI in the BNB pool, and 7,812.5 XAI each in the FDUSD and TUSD pools.

Staking opportunities are available in BNB, FDUSD, and TUSD pools, with enticing rewards awaiting participants. The farming window spans from 2024-01-05 00:00 (UTC) to 2024-01-08 23:59 (UTC).

Xai, positioned as the first Layer 3 in the Arbitrum ecosystem, aims to bridge the gap between traditional gamers and the web3 gaming sphere. By leveraging Arbitrum technology, Xai facilitates open trade for gamers, allowing them to seamlessly trade in-game items without the complexities of crypto wallets. The network operates on decentralization principles, enabling node operation, network rewards, and governance participation for anyone interested.

Key Challenges Addressed by Xai:

  1. Scalability: Layer 3 technology ensures scalable operations for millions of users without compromising interoperability, composability, or security.
  2. Gas Fees: Xai tackles the issue of gas fees in blockchain gaming through an innovative gas subsidy contract, eliminating fees and promoting low-friction in-game actions.
  3. Wallet Interaction Hurdles: Xai integrates crypto wallets seamlessly into the gaming experience, reducing friction for traditional gamers during onboarding and usage.
  4. Stability: The platform emphasizes stability through robust AnyTrust technology and optimized smart contract execution, creating a secure gaming environment.

XAI token holders can further unlock additional utility by redeeming XAI for esXAI. These esXAI tokens can be staked for various purposes:

  • Yield Account: Boost esXAI yield for node operators.
  • Culture Account: Stake esXAI for exclusive events and game-related NFTs.
  • Governance Account: Stake esXAI for governance rights, allowing participation in proposals for the DAO/Foundation treasury.

Xai’s architecture includes an Arbitrum Orbit Chain and a Sentry Node, ensuring both operational speed and network security.

As of January 3rd, 2023, XAI has successfully raised ~$10 million through three fundraising rounds at varying token prices. With a maximum supply of 2,500,000,000 XAI and an initial circulating supply of approximately 277,118,150 XAI upon listing (~11.08% of the maximum token supply), Xai positions itself for a significant market entry.

Save the date, as Xai’s mainnet is scheduled to go live on January 9th, 2024. Stakeholders, gamers, and crypto enthusiasts are urged to explore the opportunities that Xai brings to the gaming landscape. Further details can be found on the official Xai Games website: Xai Games.

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Maria Irene
Maria Irenehttp://ledgerlife.io/
Maria Irene is a multi-faceted journalist with a focus on various domains including Cryptocurrency, NFTs, Real Estate, Energy, and Macroeconomics. With over a year of experience, she has produced an array of video content, news stories, and in-depth analyses. Her journalistic endeavours also involve a detailed exploration of the Australia-India partnership, pinpointing avenues for mutual collaboration. In addition to her work in journalism, Maria crafts easily digestible financial content for a specialised platform, demystifying complex economic theories for the layperson. She holds a strong belief that journalism should go beyond mere reporting; it should instigate meaningful discussions and effect change by spotlighting vital global issues. Committed to enriching public discourse, Maria aims to keep her audience not just well-informed, but also actively engaged across various platforms, encouraging them to partake in crucial global conversations.

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