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Binance Launches Xai (XAI) On Its 43rd Project In Binance Launchpool

Binance has unveiled its 43rd project on Binance Launchpool, marking a significant milestone in the intersection of blockchain and gaming. Xai (XAI), the latest addition, stands as a pioneering gaming blockchain constructed on the robust foundation of Arbitrum, representing its first L3.

Scheduled to go live in just 24 hours, the XAI webpage sets the stage for the Launchpool’s commencement, allowing users to stake their BNB, FDUSD, and TUSD in separate pools to harvest XAI tokens over a span of four days. The farming frenzy kicks off precisely at the stroke of midnight on January 5th, 2024 (00:00 UTC).

What follows is an eagerly anticipated listing date for XAI, slated for January 9th, 2024, at 10:00 (UTC), when Binance will initiate trading with various pairs including XAI/BTC, XAI/USDT, XAI/BNB, XAI/FDUSD, XAI/TUSD, and XAI/TRY. Moreover, the Seed Tag will be applied to XAI, signaling a promising launch into the digital trading sphere.

Delving into the particulars of XAI’s Launchpool, the details unveil a token name of Xai (XAI) with a maximum token supply of 2,500,000,000 XAI. Notably, 75,000,000 XAI tokens, equivalent to 3% of the total supply, are allocated for Launchpool token rewards. The initial circulating supply is estimated at approximately 277,118,150 XAI, representing around 11.08% of the total token supply.

However, participation in the staking process comes with certain requisites, including the need for Know Your Customer (KYC) verification. Additionally, users face hourly hard caps per pool, with distinct limits for BNB, FDUSD, and TUSD pools.

The allocation of rewards across these pools is as follows: 80% for BNB pool, amounting to 60,000,000 XAI in rewards, while the FDUSD and TUSD pools each offer 10%, totaling 7,500,000 XAI in rewards for both.

The farming period spans from January 5th, 2024 (00:00 UTC), to January 8th, 2024 (23:59 UTC). During this time, daily rewards will be distributed across the BNB, FDUSD, and TUSD pools, varying in quantity each day.

What is Xai (XAI)?

XAI, designed by Offchain Labs harnessing Arbitrum technology, holds the key to revolutionizing real economies within the realm of video gaming. Its purpose is to democratize ownership and trade of valuable in-game assets for potentially billions of traditional gamers, eliminating the need for crypto-wallets. Moreover, the network incentivizes participation through node operation, facilitating rewards and governance involvement.

The core mission of Xai orbits around onboarding millions of traditional gamers into the blockchain gaming sphere, emphasizing a seamless user experience devoid of wallet complexities. By amalgamating the advantages of blockchain technology—open trade, interoperability, composability, and item ownership—Xai aims to amplify the scale and integration of blockchain gaming ecosystems.

While prior iterations of blockchain gaming made inroads, Xai’s focal point is scale expansion and enhanced accessibility for traditional gamers. The project prioritizes an intuitive, low-friction user interface as its cornerstone, aiming to redefine the landscape of blockchain gaming by catering to the preferences and ease of use for gamers worldwide.

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