The Xai Gaming Network Launches Major Token Airdrop
The Xai gaming network has kicked off the first significant gaming token airdrop of 2024. As a “layer-3” network built on Arbitrum, Xai is offering 125 million XAI tokens (5% of the token supply) to eligible users. This includes owners of specific Xai NFTs and operators of Sentry Nodes. Binance also allowed customers to earn XAI token rewards by staking other cryptocurrencies.
XAI Token Price Volatility
XAI debuted at just under $0.68 and reached a high above $0.77 before dropping to its current price of $0.57. Despite the volatility typically associated with airdropped tokens, the total value of the airdrop currently stands at nearly $70 million. The market cap is over $154 million with more than 277 million tokens in circulation.
Claiming XAI Tokens
Sentry Node operators can claim 1,658 XAI per key owned, while Vanguard NFT owners can claim 1,307 XAI, and Legendary NFT owners are eligible for 290 XAI. The Xai Foundation has hinted at a potential “Season 2” of airdrop token rewards but has not provided further details on how users can earn additional rewards.
Partnerships and Game Development
The Xai network was created by the Xai Foundation in collaboration with Offchain Labs and Ex Populus. The foundation has partnered with esports organization Team Secret to promote and participate in the network. Ex Populus is developing games for the network, including Final Form and LAMO.
Hot Take: Promising Future for Xai Gaming Network
The Xai gaming network’s token airdrop has generated excitement among eligible users. Despite initial price fluctuations, the airdrop’s total value is substantial, indicating strong interest in the project. With partnerships and ongoing game development, the Xai network shows promise for the future of gaming and blockchain integration.
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