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Binance Introduces XAI Gaming Token, Triggering 7% Price Surge

Binance Introduces XAI Gaming Token, Triggering 7% Price Surge

XAI Listed on Binance

Xai (XAI) was recently listed on Binance, the world’s largest cryptocurrency trading platform. The listing followed XAI’s participation as the 43rd Launchpool project on Binance, which concluded on Monday. Since being listed, XAI has experienced a price increase of nearly 7% and reached an all-time high.

XAI as the First Layer 3 in Arbitrum Ecosystem

Xai is an innovative project that serves as the first Layer 3 solution in the Arbitrum ecosystem. Its main goal is to democratize web3 gaming by allowing traditional gamers to easily trade in-game items on the Xai network without the need for complex crypto wallets. Additionally, Xai’s decentralized nature promotes active participation in governance.

Binance Launchpool Details

The recent Binance Launchpool, which concluded on Monday, allowed users to stake their BNB, FDUSD, and TUSD tokens in separate pools to farm XAI tokens. This phase lasted for four days and resulted in the distribution of 75,000,000 XAI tokens, equivalent to 3% of the total supply. The initial circulating supply of XAI is approximately 11.08%, totaling 277,118,150 tokens.

Trading Pairs and Seed Tag

Following its listing on Binance, XAI is now available for trading with various pairs including XAI/BTC, XAI/USDT, XAI/BNB, XAI/FDUSD, XAI/TUSD, and XAI/TRY. The crypto has also been equipped with the Seed Tag.

XAI Price Surge

After being listed on Binance, the price of XAI experienced a significant surge of over 80% and reached an all-time high of $0.786384. Currently, the crypto is trading at $0.724314 with a market capitalization of $200.72 million. The 24-hour trade volume for XAI stands at $165.24 million, and its circulating supply is 277.12 million tokens, representing just 11.08% of the maximum supply.

Hot Take: XAI’s Listing on Binance Boosts Price

The recent listing of XAI on Binance has had a positive impact on its price, resulting in a significant surge and an all-time high. With its innovative approach to web3 gaming and active participation in governance, XAI has attracted attention from both traditional gamers and cryptocurrency enthusiasts. As the first Layer 3 solution in the Arbitrum ecosystem, XAI has positioned itself as a promising project with potential for further growth and development in the future.

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Binance Introduces XAI Gaming Token, Triggering 7% Price Surge