July 23, 2024
Crypto

Top Crypto Exchange Binance Announces Upcoming Support for Soon-To-Be Launched Gaming Altcoin


Top global crypto exchange Binance plans to list an upcoming gaming altcoin via its Launchpool platform.

Binance Launchpool allows users to stake coins to farm new assets, the platform’s 43rd project will be the gaming blockchain Xai (XAI), which the exchange plans to list on January 9th.

Between January 5th and the 9th, Binance users can stake BNB as well as the stablecoins First Digital USD (FDUSD) and TrueUSD (TUSD) into separate pools to farm XAI tokens.

Binance says it will attach a seed tag to XAI, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens. Binance requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks before trading the tokens.

XAI represents the first layer-3 project in the Arbitrum (ARB) ecosystem, according to the exchange’s research report on the project.

The XAI Network is open and decentralized and aims to provide gamers with a way of trading in-game items in their favorite titles without having to interact with crypto wallets.

The project plans to have a maximum token supply of 2.5 billion XAI. More than 11% of that total will make up the token’s initial circulating supply.

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