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Binance, the world’s most popular cryptocurrency exchange, has announced its new launchpool project, the XAI token! What is XAI? Here are the details!
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Binance, a leading cryptocurrency exchange, has announced that it has added a new token to its Launchpool platform. According to the announcement, the exchange will start XAI farming on January 5th.
Furthermore, to participate in the XAI Launchpool event, you must first have a Binance account. If you don’t have a Binance account yet, you can sign up with a commission discount through this link.
In this important event, users will be able to farm for 4 days by staking BNB, FDUSD, and TUSD tokens in separate pools.
XAI Token Binance Launchpool Details!
XAI is a game blockchain built on Arbitrum and is being promoted as the 43rd project of Binance Launchpool.
The Launchpool web page is expected to be launched in the next 24 hours and the event will start on January 5th. Users who stake BNB, FDUSD, and TUSD for four days will have the chance to win XAI tokens.
A total of 75 million XAI represents 3% of the total token supply and this large prize pool will be distributed to users who invest in different tokens. The distribution will be as follows: 60 million XAI (80%) will be offered to BNB stakers, 7.5 million XAI (10%) will be offered to FDUSD stakers, and 7.5 million XAI (10%) will be offered to TUSD stakers.
Binance plans to list XAI tokens at 1:00 PM on January 9th. This step will allow XAI to meet a wider investor audience.
What is XAI?
XAI is notable as the first Layer 3 token in the Arbitrum ARB ecosystem. Also, XAI, which specifically targets traditional players, aims to increase their participation in Web3 games. Additionally, this token allows traditional players to exchange in-game items in their favorite games without having to interact with crypto wallets.