Xai (XAI) is Binance’s 43rd launchpool project, a Layer 3 blockchain network developed on Arbitrum, a Layer 2 scaling solution for Ethereum. Xai aims to enable real economies and open trade in next-generation video games, allowing billions of traditional players to own and trade valuable in-game items without needing a crypto wallet for the first time.
The network supports node operation by any individual, offering network rewards and governance participation. Xai leverages Arbitrum technology developed by Offchain Labs, focusing on abstracting wallets and providing a seamless, low-friction gaming experience to onboard millions of traditional gamers to blockchain-based games.
Previous blockchain gaming ecosystems have demonstrated a place for blockchain-based games within the larger gaming industry, but they require further scaling. Xai’s core value lies in prioritizing an enjoyable, low-friction user experience, making it easier for traditional gamers to enjoy the benefits of blockchain-based games.
Xai’s native asset, XAI coin, has a capped supply of 2.5 billion and serves various purposes, including paying transaction fees. XAI is used for all network-based transactions, such as buying and selling in-game items. XAI holders can vote on significant proposals and decisions, influencing the network’s development, and receive XAI coins as rewards for operating network nodes.
XAI coin can be securely traded on Binance, the world’s largest cryptocurrency exchange by transaction volume. It was listed on Binance on January 9, 2024, with multiple trading pairs. To buy XAI coins, one must first register on Binance, deposit funds, and then purchase XAI through the available trading pairs.