Before we jump directly into “What is Xai Coin” let’s understand how this XAI gaming token came into existence. On July 7, 2023, Elon Musk, a business tycoon officially, disclosed his startup “xAI”, but it was founded on March 9, 2023. The objective of Musk’s xAI startup is to understand the universe. This xAI startup spread like wildfire and Musk is known for their unique ideas and execution.
According to the data and report it was found that this Xai network’s Xai gaming token hasn’t any link with Elon Musk. Elon Musk’s xAI startup is to “understand the universe” but this Xai is built as a Layer-3 scaling network and is created by the primary developer of Arbitrum.
In this article, we will get to know more about the Xai network, How to buy Xai coins, it Xai coins are fake or real, and everything about Xai Network and its Xai coins. So read till the end.
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What is Xai Coin?
Xai Coin is the native token of the Xai network, and it uses the Xai blockchain developed by the primary developer of Arbitrum in collaboration with Offchain Labs and overseen by the Xai Foundation. The objective of the Xai network is to scale web3 gaming by creating a decentralized environment for trust and transparency as well as higher limits for transactions.
By doing so for web3 games it offers gamers a user-friendly wallet. It is built on Ethereum’s secure foundation which helps the Xai blockchain to secure the network from potential hacks and other vulnerabilities. For those who thinking of investing in Xai network’s Xai Coin make sure it hasn’t any relation with Elon Musk.
How Does XAI Gaming Token Work?
Xai tokens will have a dual purpose within the Xai blockchain,
- First, it works as the designated token fee for facilitating the transactions within the network.
- Second, Xai Coins will be used to reward the validator node as their role is to validate the transactions within the network.
Moreover, Xai Coins as a primary token will be used for multiple purposes within the gaming ecosystem. It is also being used as payment for in-game items.
How to buy an Xai Coin?
Xai network’s Xai Coin isn’t listed on any major cryptocurrency exchanges like Binance, Coinbase, Kraken, or OKX. However, this highly demanding token is going to be listed on Binance on January 9, 2024, and the Xai gaming token comes with a trading pair of XAI/BTC, XAI/USDT, XAI/BNB, XAI/FDUSD, XAI/TUSD, and XAI/TRY.
Introducing @XAI_GAMES $XAI on #Binance Launchpool!
Farm XAI by staking #BNB, $FDUSD and $TUSD.
➡️ https://t.co/RXg83uGkf8 pic.twitter.com/izSxbqjjDr
— Binance (@binance) January 3, 2024
But Make sure not to get into the trap, as one more XAI token is already there in the market and claims that it officials Elon Musk’s XAI Crop token.
XAI launch pool Details
Additionally, investors can farm Xai gaming tokens on Binance by staking in the BNB pool, FDUSD pool, and TUSD pool in Lanchpool, which will start on January 5, 2024, and end on January 8, 2024.
Maximum Token Supply: 2,500,000,000 Xai
Total Launchpool Reward: 75,000,000 Xai (3% of total supply)
Smart Contract Details: XAI token (Xai)
Supported Pools: Stake BNB, Stake FDUSD, Stake TUSD
Initial Circulating Supply: 227,118,150 (11.08% of total token supply)
XAI Coin’s Tokenomics
Currently, the Xai network hasn’t disclosed the Xai Coin’s tokenomics. However, the Xai network and its ecosystem will utilize the Xai token or esXai (escrowed Xai) to balance the integrity of the Xai ecosystem.
Xai token distribution
50.1% token: Nodes, community, DAC
22.4% token: Investors
20% token: Team
7.5% token: Ecosystem
Conclusion
Xai gaming token is a native token of XAI Network, which is used to scale web3 gaming to the next level. The Xai token is built by the primary developer of Arbitrum in collaboration with Offchain Labs. Additionally, this token is set to list on Binance on January 9, 2024, however, Binance also announced that from January 5, 2024, it will launch its launch pool with these Supported Pools: Stake BNB, Stake FDUSD, Stake TUSD. I think “What is Xai coin” The answer to this question is clear.
Frequently Asked Questions (FAQs)
Does XAI Network Have a crypto coin?
Yes, Xai Network has its native token called Xai coin or Xai gaming token, which will be used for dual purposes.
- Used as a gas token in facilitating transactions.
- Used to reward, the validators node who is validating the transactions.
Is the XAI coin fake or real?
There are two or more Xai kinds of tokens one is the name XAI crop which is claiming it’s Elon Musk’s token and Another is Xai Network’s Xao gaming token which is real and has its purpose in the web3 gaming field. Additionally Xai coin is real make sure you invest in the right token.
