Xai (XAI), the 43rd launchpool project of Binance, is a Layer 3 Blockchain network built on Arbitrum, a Layer 2 scaling solution for the Ethereum $3,210 network. In this article, we will explore what Xai is, the native asset of the Xai network, XAI coin, how to buy XAI coin, and answer many other related questions.
What is Xai?
Xai is designed to enable real economies and open trade in the next generation of video games. With Xai, potentially billions of traditional gamers can own and trade valuable in-game items in their favorite games without needing to use a crypto wallet. Anyone can support the Xai network by running a node, allowing them to receive network rewards and participate in governance. Xai is developed by Offchain Labs, leveraging Arbitrum technology.
Xai aims to bring hundreds of millions of traditional gamers into Blockchain-based games for the first time by abstracting wallets and offering a fast, low-friction gaming experience, while also providing the benefits of Blockchain technology including open trade, interoperability, composability, and in-game item ownership.
Previous generations of Blockchain gaming ecosystems have demonstrated that Blockchain-based games have a place within the larger gaming ecosystem. However, Blockchain games still require greater scalability. The core value of Xai lies in making it easier than ever for traditional gamers to experience the benefits of Blockchain-based games by prioritizing a delightful, low-friction user experience as the project’s most important principle.
XAI Coin Review
The native asset of the Xai network, which shares the same name, is XAI. The supply of XAI coin is limited to 2.5 billion units. XAI coin serves many purposes, primarily for paying transaction fees.
XAI is a currency used for all network-based transactions, such as buying and selling in-game items in games. XAI holders have a say in the development of the network by voting on important proposals and decisions. Additionally, it rewards those who contribute to the network by running network nodes with XAI coins.
How to Buy XAI Coin?
XAI coin can be safely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. XAI coin was listed on Binance on January 9, 2024, and is available for trading in the pairs XAI/BTC, XAI/USDT, XAI/BNB, XAI/FDUSD, XAI/TUSD, and XAI/TRY.
To purchase XAI coin, you first need to register on the Binance exchange if you haven’t already. After completing the registration process, you need to transfer cryptocurrency or fiat currency like Turkish lira to your Binance account wallet. Once the transfer is complete, you can buy XAI coin in any of the six pairs mentioned above.
To make a purchase from the XAI/USDT trading pair on Binance, first go to the interface of this trading pair. Enter the desired amount in the specified area on the limit tab of the trading pair interface. After entering the amount, the purchase is completed with the Buy XAI order.