Xai (XAI) is the 43rd launchpool project of Binance and is a Layer 3 Blockchain network built on Arbitrum, a Layer 2 scaling solution for the Ethereum network. In this article, you can find answers to many questions such as what is Xai, what is the native asset XAI coin of the network that shares the same name as Xai, and how to purchase XAI coin.
What is Xai?
Xai has been developed to enable real economies and open trade in next-generation video games. With Xai, potentially billions of traditional players can own and trade valuable in-game items in their favorite games for the first time without needing a cryptocurrency wallet. Anyone can support the Xai network by operating a node, which allows them to receive network rewards and participate in governance. Xai is developed by Offchain Labs leveraging Arbitrum technology.
Xai aims to include hundreds of millions of traditional players in blockchain-based games for the first time by abstracting wallets and providing a fast, low-friction gaming experience, while also offering the benefits of blockchain technology, including open trade, interoperability, composability, and in-game item ownership.
Previous generation blockchain game ecosystems have shown that blockchain-based games have a place in the larger gaming ecosystem. However, blockchain games still require further scaling. The core value of Xai is to make it easier than ever for traditional players to experience the benefits of blockchain-based games by prioritizing a fun, low-friction user experience as the project’s most important principle.
XAI Coin Review
The native asset of the Xai network is XAI, which shares the same name as the network. The supply of XAI coin is limited to 2.5 billion units. XAI coin serves many purposes, including the payment of 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 significant proposals and decisions. Moreover, rewards in the form of XAI coins are given to those who contribute to the network by operating nodes.
How to Buy XAI Coin?
XAI coin can be securely 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 pairs XAI/BTC, XAI/USDT, XAI/BNB, XAI/FDUSD, XAI/TUSD, and XAI/TRY.
To purchase XAI coin, one must first become a member of the Binance exchange if not already. After completing the membership process, cryptocurrency or fiat money such as Turkish Lira must be transferred to the account wallet on Binance. Once the transfer is complete, XAI coin can be purchased in the above six trading pairs.
To make a purchase in the XAI/USDT trading pair on Binance, one must first go to the interface of this trading pair. In the limit tab of the trading pair interface, the desired amount to be purchased is entered. After entering the amount, the purchase transaction is completed with the XAI Buy order.
