Binance to Launch XAI Gaming Coin Through Launchpool

Staking Opportunity for Binance Users

Binance, a leading cryptocurrency exchange, has announced plans to introduce a new gaming altcoin, XAI, on its Launchpool platform. This move marks Binance's latest foray into expanding its crypto offerings, particularly in the gaming sector. The XAI token, associated with the gaming blockchain Xai, is scheduled for listing on January 9th.

Xai Joins the Launchpool Roster

As the 43rd project on Binance Launchpool, Xai offers a unique proposition. Users can stake various cryptocurrencies, including Binance Coin (BNB) and stablecoins such as First Digital USD (FDUSD) and TrueUSD (TUSD), to earn XAI tokens. This staking period is set from January 5th to January 9th, providing an exclusive window for users to engage with the new asset.

Special Considerations for XAI

Notably, Binance is applying a 'seed tag' to XAI. This tag is typically reserved for lower-liquidity projects that exhibit potentially higher volatility. To address this, Binance mandates users holding seed-tagged assets to complete quizzes every 90 days, ensuring awareness of the associated risks.

XAI's Unique Position in the Arbitrum Ecosystem

XAI distinguishes itself as the first layer-3 project within the Arbitrum (ARB) ecosystem. This information comes from Binance's detailed research report on XAI, highlighting its pioneering status.

XAI Network's Vision for Gamers

The XAI Network is designed as an open and decentralized platform. Its aim is to simplify the trading of in-game items for gamers, eliminating the need for direct interaction with cryptocurrency wallets. This approach potentially revolutionizes how in-game economies function.

Tokenomics of XAI

Regarding its token supply, XAI has a cap of 2.5 billion tokens. More than 11% of this total will constitute the initial circulating supply, setting the stage for its market entry.