Binance has introduced its 43rd project on the Binance Launchpad. It unveils Xai (XAI), a gaming blockchain built on top of Arbitrum. The latest Binance Launchpool addition lets users deposit BNB, FDUSD, and TUSD into pools to grow XAI tokens for four days. Remember that Binance Launchpad is launching back-to-back projects now. Recently, they launched NFPrompt (NFP) as the 41st project. Staking for Sleepless AI (AI) is still in progress as the 42nd project and another one is ready now. The last two projects are focusing on the AI narrative which is currently at its peak with an 11.3% dominance in the market, as per CoinGecko.
Binance Launchpool Introduces Xai (XAI) Farming and Listing
Binance Launchpool will now let users farm XAI for staking. After staking, Binance will list XAI at 10:00 (UTC) on January 9, 2024. Consumers will have many trading options with XAI trading pairs such as BTC, USDT, BNB, FDUSD, TUSD, and TRY. The Seed Tag will identify XAI as a Binance Launchpad token.
The XAI coin has a maximum supply of 2.5 billion coins. The launch will include 7.5M XAI tokens (3% of the token supply) as Launchpool tokens. XAI has 277,118,150 tokens in circulation or 11.08% of the total token supply. XAI’s smart contract requires KYC-verified staking of the XAI Token (XAI).
Staking rules set a maximum hourly limit per user at 62,500 XAI for the BNB pool, 7,812.5 for the FDUSD pool, and 7,812.5 for the TUSD pool. About 24 hours after the launch, BNB, FDUSD, and TUSD staking pools will launch their websites. The BNB pool pays participants 60,000,000 XAI, 80% of the total. However, FDUSD and TUSD pool players can receive 7,500,000 XAI, 10% each. Farming for XAI runs from January 5, 2024, 00:00 (UTC) to January 8, 2024, 23:59.
Binance Expands Cryptocurrency Opportunities Through Continuous Project Launches
Launchpool participation depends on the user’s country or region of residence and the Launchpool page’s restrictions and requirements. The excluded nations is not exhaustive and may change owing to local policies, conventions, or other causes.
Users must verify their accounts and be from a qualified jurisdiction to stake Xai (XAI). XAI’s launch on Binance Launchpool shows Binance’s growing influence in Layer 3 blockchain technology adoption as it explores new blockchain ventures. Binance’s move shows its commitment to cryptocurrency ecosystem innovation.
The Binance Launchpool’s continuous project launches expand the platform’s reach and provide users with more cryptocurrency opportunities. Binance should offer more options and possibilities to users because it influences decentralized financial and gaming apps.
