The Xai Gaming Network on Ethereum’s Arbitrum Launched Initial Airdrop
The Xai gaming network on Ethereum scaler Arbitrum recently launched its initial airdrop, offering 125 million XAI tokens to early users and supporters. The token’s value surged over the weekend, reaching a new all-time high of $1.12 as of this writing.
Initially priced at around $0.77, the token experienced volatility but started rising on Sunday, reaching its current value in just over a day and a half, representing an increase of nearly 87%.
Xai: A Gaming-Centric “Layer-3” Network Built on Arbitrum
Xai is a gaming-centric “layer-3” network built on top of Arbitrum, which serves as a layer-2 scaling network for Ethereum. Developed by Offchain Labs, Ex Populus, and the Xai Foundation, the network aims to become a hub for blockchain gaming.
Airdrops Rewarding Early Users and Contributors
Last week’s airdrop rewarded users who held Xai NFT collectibles and those who purchased Sentry Keys to operate validator nodes. Sentry node operators could claim 1,658 XAI per owned node, while owners of Xai Vanguard NFTs could claim 1,307 XAI each.
The value of the entire airdrop has grown from $70 million to $140 million since the token launch.
The Rise of Prominent Airdrops
Airdrops have gained popularity as the crypto market recovers. Tokens like Jito and Pyth have collectively distributed hundreds of millions of dollars’ worth of tokens to users. Upcoming airdrops include Solana DeFi aggregator Jupiter and cross-network gaming token Portal.
Hot Take: Xai Token Soars Following Successful Airdrop Launch
The Xai gaming network’s recent airdrop launch has propelled the value of its token to new heights. With a surge of nearly 87% in just over a day, the XAI token reached an all-time high price of $1.12. This significant increase has resulted in the value of the entire airdrop growing from $70 million to $140 million. As a gaming-centric “layer-3” network on Arbitrum, Xai aims to become a prominent destination for blockchain gaming. Airdrops continue to gain popularity in the crypto market, rewarding early users and contributors while decentralizing governance.
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