Top Crypto Exchange Binance to List Upcoming Gaming Altcoin
Binance, one of the world’s leading crypto exchanges, has announced that it will list an upcoming gaming altcoin on its Launchpool platform. The altcoin in question is Xai (XAI), a gaming blockchain project set to be listed on January 9th. Binance Launchpool allows users to stake their coins in order to farm new assets. From January 5th to the 9th, users can stake BNB, as well as the stablecoins FDUSD and TUSD, into separate pools to earn XAI tokens.
Seed Tag for XAI
Binance will attach a seed tag to XAI, indicating that it is a lower-liquidity project with potentially higher volatility compared to other listed tokens. Users who own assets with seed tags must pass quizzes every 90 days to ensure they understand the risks associated with trading these tokens.
The XAI Network and Token Supply
XAI represents the first layer-3 project in the Arbitrum (ARB) ecosystem. The XAI Network aims to provide gamers with a way to trade in-game items without needing to interact with crypto wallets. The project has a maximum token supply of 2.5 billion XAI, with over 11% of that making up the initial circulating supply.
Hot Take: Binance Expanding Its Altcoin Offerings
Binance’s decision to list the upcoming gaming altcoin XAI on its Launchpool platform demonstrates the exchange’s commitment to expanding its altcoin offerings and catering to the needs of its diverse user base. By allowing users to stake their coins and farm new assets, Binance provides an opportunity for crypto enthusiasts to participate in emerging projects like XAI. This move also showcases Binance’s dedication to supporting the gaming industry and its efforts to facilitate seamless trading of in-game items. As Binance continues to add innovative altcoins to its platform, it solidifies its position as a leading global crypto exchange.
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