Binance announces the 43rd project on Launchpool: Xai (XAI)

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Binance has launched its 43rd project, Xai (XAI), on Binance Launchpool. Xai (XAI) is a groundbreaking gaming blockchain built on the solid foundation of Arbitrum, representing its first L3. The platform’s website runs 24 hours before Launchpool begins.

Enthusiastic users will have the opportunity to put their BNB, FDUSD, and TUSD into different pools, allowing XAI token mining for 7 days. The farming process will start at 07:00 on January 5, 2024 (Vietnam time).

Important dates and trading pairs

The XAI token is expected to be listed on Binance at 17:00 on January 9, 2024 (Vietnam time). Trading pairs include XAI/BTC, XAI/USDT, XAI/BNB, XAI/FDUSD, XAI/TUSD and XAI/TRY. Additionally, Seed Tag will be applied to XAI.

Details about Launchpool XAI:

Token name: Xai (XAI)
Total supply: 2,500,000,000 XAI
Launchpool reward: 75,000,000 XAI (3% of total supply)
Initial circulation: 277,118,150 XAI (11.8% of total supply)
Smart contract details: Xi’an(XAI)
Staking Terms: Identity Verification (KYC) Required
Hard cap per user per hour: 62,500 XAI in BNB pool, 7,812.5 XAI in FDUSD pool, 7,812.5 XAI in TUSD pool.

Support pool and time culture

Stakeholders can participate in three supported pools:

Staking BNB: Provide 60,000,000 XAI (80%) reward
Staking FDUSD: 7,500,000 XAI (10%) reward provided
Staking TUSD: 7,500,000 XAI (10%) reward provided

The farming time is from 07:00 on January 5, 2024 to 6:59 on January 8, 2024 (Vietnam time).

Daily AI distribution

During mining, the daily distribution of XAI among various mining pools is as follows:

Total daily reward: 18,750,000 XAI
BNB pool daily reward: 15,000,000 XAI
FDUSD pool daily reward: 1,875,000 XAI
TUSD pool daily reward: 1,875,000 XAI

What is XAI?

Designed by Offchain Labs using Arbitrum technology, XAI holds the key to the real-economy revolution in video games. The goal is to democratize ownership and trading of valuable in-game assets for billions of traditional gamers, thereby eliminating the need for cryptocurrency wallets. Additionally, the network incentivizes participation through node activity, promoting rewards and governance participation.

Xai’s core mission is to bring millions of traditional gamers into the blockchain gaming space with a focus on a seamless user experience without the complexity of wallets. By combining the benefits of blockchain technology—open transactions, interoperability, composability, and item ownership—Xai aims to expand the scale and integration of the blockchain gaming ecosystem.

The introduction of Xai (XAI) via Binance Launchpool brings exciting prospects to the crypto community, promising to be like the first L3 gaming blockchain built on top of Arbitrum. Anticipation and interest in the XAI token continue to grow as the big moment approaches, marking a major milestone in Binance’s continued commitment to innovation and community-focused initiatives in the cryptocurrency space.