Unveiling Binance Launchpool's Latest Project: XAI, the Flourishing L3 Gaming Chain

On January 3rd, Binance announced the launch of the 43rd phase of its new token mining project, Xai (XAI). This marks the first gaming blockchain built on Arbitrum L3. Users can participate in XAI mining by depositing BNB, FDUSD, and TUSD on the Launchpad website starting from 8:00 (UTC+8) on January 5th, 2024, continuing for a duration of 4 days. Binance is scheduled to list Xai (XAI) on January 9th, 2024, at 18:00 (UTC+8), opening trading pairs including XAI/BTC, XAI/USDT, XAI/BNB, XAI/FDUSD, XAI/TUSD, and XAI/TRY markets, adhering to the Seed Label Trading Rules.

Introduction

Xai is spearheaded by the Xai Foundation in collaboration with Offchain Labs, the developers of Arbitrum, and Ex Populus, a Web3 game developer. Ex Populus is a Web3 gaming company that secured funding rounds of $3 million and $8.5 million in 2021, reaching an estimated valuation of $80 million, led by industry veterans from renowned companies like Pixar, Ubisoft, Activision, and Blizzard.

According to statements from the Xai official team, the Xai network is open and decentralized, enabling anyone to operate nodes, receive network rewards, and participate in governance.

Key features and aims of Xai in addressing current issues in blockchain gaming include:

• Scalability: Leveraging L3 technology to scale to hundreds of millions of users without compromising interoperability, composability, or security.

• Gas Fees: Xai addresses the gas fee issue in blockchain gaming by utilizing gas-subsidized contracts, minimizing the impact of in-game operation costs on players.

• Wallet Interaction Hurdles: Seamlessly integrating

  cryptocurrency

  wallets into the backend of the gaming experience, simplifying usage by replacing players' wallet management, thereby addressing obstacles faced by traditional gamers.

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

Tokenomics

Token maximum supply: 2,500,000,000 XAI

Initial circulating supply: 277,118,150 XAI (approximately 11.08% of the total token supply)

The allocation breakdown is as follows:

XAI serves as the native

Gas token

for Xai, enabling users to stake XAI and obtain esXAI for various purposes:

• Revenue Account: Staking esXAI in the revenue account can increase the esXAI earnings for node operators.

• Activity Account: Operators can stake esXAI to gain access to special activities related to gaming and NFTs on the Xai blockchain.

• Governance Account: Staking esXAI provides governance rights, allowing participation in proposals for DAO/Foundation finances.

Presently, Xai has partnered with five gaming teams. Among these, Final Form stands as the first game developed by Ex Populus, deploying on the Xai blockchain and released by the Xai Foundation.