A quick overview of Binance’s latest Launchpool project Xai (XAI)

Source: Binance official website Compiled by: Shan Oppa, Golden Finance

On January 3, 2024, Binance announced the launch of the 43rd Launchpool project Xai (XAI), a gaming blockchain built on Arbitrum. Users will be able to stake BNB, FDUSD, and TUSD into different pools to mine XAI tokens over a four-day period, with mining starting in 2024 Starting on January 5th.

Binance will launch in January 2024 XAI will be launched at 18:00 on the 9th, and the XAI/BTC, XAI/USDT, XAI/BNB, XAI/FDUSD, XAI/TUSD and XAI/TRY trading pairs will be opened. The seed tag will be applied to XAI.

Introduction to Xai (XAI)

• Xai is the first layer 3 blockchain in the Arbitrum ecosystem, designed to guide traditional gamers to web3 gaming.

• Xai empowers traditional gamers to participate in open exchanges, allowing them to trade in-game items in their favorite games , without having to interact with a crypto wallet. The Xai network is open and decentralized, allowing anyone to operate a node, earn network rewards, and participate in governance.

• Problem solved:

• Scalability: Layer 3 technologies enable interoperability, composability, and security without sacrificing , achieving expansion of hundreds of millions of users.

• Gas fee: Xai alleviates the gas fee problem in blockchain games by utilizing innovative gas subsidy contracts to completely eliminate Gas fees, making in-game operations low-friction for players and promoting the development of the blockchain game ecosystem.

• Wallet Interaction Barrier: Xai manages cryptocurrency wallets on behalf of players by seamlessly integrating them into the backend of the gaming experience. Simplifying online and usage, solving friction barriers for traditional gamers.

• Stability: Xai ensures the stability of its blockchain network by implementing robust AnyTrust technology and optimized smart contract execution , providing a stable gaming environment.

• XAI is Xai’s native gas token. Users can stake XAI to obtain esXAI for the following uses:< /p>

• Income account: Staking esXAI in the revenue account can increase the node operator's esXAI revenue.

• Cultural account: Operators can stake esXAI to gain access to game-related special events and NFTs on the Xai blockchain .

• Governance account: Staking esXAI provides governance rights, allowing participation in DAO/Foundation financial proposals.

• Xai is mainly composed of the following parts:

• Xai runs as an Arbitrum Orbit chain, leveraging Anytrust technology for maximum speed and minimal cost. Unlike most self-managed Orbit chains, Xai benefits from direct technical support provided by Offchain Labs.

• The Sentry node is a monitoring node that monitors the Xai rollup protocol. If an incorrect block is proposed, it will issue Alert (by any means its runner chooses) so that others can intervene. The purpose of the Sentry node is to solve the verifier’s dilemma.

• Xai has gone through three rounds of fundraising at prices of US$0.01, US$0.032 and US$0.035 per XAI respectively Price raised about $10 million.

• As of January 3, 2023, the maximum supply of XAI is 2.5 billion, and the circulating supply at the time of listing will be approximately 277 million (approximately 11.08% of the maximum token supply).

Token sale information

Token distribution