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Binance Unveils Its 43rd Launchpool Project: XAI

Thu 04 Jan 2024 ▪ 3 min read ▪ by Ariela R.
Getting informed ▪ Centralized Exchange (CEX)

Always at the forefront of crypto innovation, Binance announces its 43rd Launchpool project with contagious enthusiasm. It’s about XAI, a revolutionary gaming blockchain.

Binance News
Binance proudly announces the launch of its 43rd crypto project, XAI

Binance reinvents gaming blockchain with Xai (XAI)

As the year has just begun, Binance is already multiplying the good news. After releasing an encouraging balance sheet for 2023, the crypto exchange announces the launch of its 43rd Launchpool project: Xai (XAI).

Built on the Arbitrum ecosystem, Xai will be the first layer 3 network in the field of dedicated gaming blockchains.

The structure of the XAI launch pool is robust, with a total supply of 2.5 billion tokens. The XAI token farming period, spanning from January 5 to 8, offers users the chance to actively participate in the development of the Xai ecosystem. All they need to do is stake BNB, FDUSD, or TUSD on Binance Launchpool.

During the Binance Launchpool event, 75 million XAI tokens will be distributed to participants. This represents 3% of the total supply. Starting from January 9, 277,118,150 XAI will be put into circulation (approximately 11.08% of the total supply). The BNB, FDUSD, and TUSD participation pools will receive 60 million, 7.5 million, and 7.5 million XAI tokens, respectively.

Xai (XAI) on Binance: What impact on the BNB price?

The announcement of Xai (XAI) has had an immediate impact on the price of Binance’s native cryptocurrency, the BNB. At the time of writing, it is trading at $246.55. This positive market reaction underscores the excitement and optimism of investors regarding Xai’s potential in the blockchain gaming sector.

BNBUSD chart by TradingView

Some anticipate even lucrative opportunities through XAI token farming, which begins on January 5. This farming period will be closely followed by the listing of XAI on Binance on January 9. This marks the beginning of trades with pairs such as:

  • XAI/BTC,
  • XAI/USDT,
  • XAI/BNB,
  • XAI/FDUSD,
  • XAI/TUSD,
  • XAI/TRY.

This initiative is part of Binance’s vision to diversify its crypto ecosystem. With the launch of XAI, Binance also reaffirms its position as a market leader.

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Ariela R. avatar
Ariela R.

My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.