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Binance Unveils XAI Games as 43rd Launchpool Project

by BSC News

January 3, 2024

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The subsequent listing on January 9th will introduce XAI tokens in six trading pairs. XAI, built on the Arbitrum ecosystem, sets itself apart as the first Layer-3 network, focusing on revolutionizing the gaming industry.

Binance has introduced XAI Games as its 43rd project, signaling a strategic venture into the gaming-focused blockchain realm. 

Starting from January 5th at 00:00 UTC, users can participate in a four-day staking period by staking their BNB, FDUSD, and TUSD assets. The stakers will earn XAI tokens, creating an incentive for engagement within the Launchpool event.

The subsequent listing for the broader user base is scheduled to commence on January 9th at 10:00 UTC, marking the official entry of XAI tokens into the trading arena. Binance has streamlined the Launchpool event, with expectations that it will be accessible to users within 24 hours of the announcement.

XAI Blockchain Network and Gaming Focus:

The spotlight of Binance's 43rd Launchpool project is Xai (XAI), a blockchain network set to be built on the Arbitrum ecosystem. Xai stands out for its gaming-centric approach, which catches the attention of the crypto community as the first Layer-3 blockchain network.

According to Launchpool details, the total supply of XAI tokens stands at 2.5 billion, with 75 million XAI tokens (3% of the total supply) earmarked for users participating in the event. The circulating supply from Jan. 9 is announced as 277,118,150 XAI, accounting for 11.08% of the total supply.

Stakers engaging in the BNB pool can earn up to 62,500 XAI, while the FDUSD and TUSD pools offer 7,812.5 XAI each. Binance has allocated 60 million XAI tokens for the BNB pool and 7.5 million XAI tokens each for the FDUSD and TUSD pools to ensure a balanced and engaging Launchpool event.

Xai's Vision and Development:

Xai aims to revolutionize the gaming industry. Developed by Offchain Labs leveraging Arbitrum technology, Xai empowers traditional gamers to own and trade in-game items seamlessly, eliminating the need for crypto wallets.

The team envisions billions of gamers participating in real economies within their favorite games, bringing in a new era of decentralized gaming. In an announcement earlier on Dec. 11, Binance announced Fusionist (ACE) as its 40th Launchpool member.

Disclaimer

Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article

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