Xai Launches New Staking Pools for Enhanced Collaboration and Rewards 🚀
On April 16, 2024, Xai, a prominent Ethereum layer-3 gaming network utilizing Arbitrum, introduced its latest staking pools. These pools are designed to foster collaboration among core stakeholders and facilitate third-party rewards within the Xai ecosystem.
Sentry Key and esXAI: the Core of Xai’s Staking Pool 🗝️
- Staking pools serve as hubs for innovation, enabling the creation of games, NFT drops, and other exciting projects.
- Xai leverages staking to drive sustained growth and establish a more robust gaming environment.
According to the Xai Foundation, the team behind Xai, the staking mechanism within the Xai ecosystem is crafted to promote collaboration.
A crucial component of the staking process in Xai is the Sentry Key. To create a pool, a staked Sentry Key is essential. Key owners can stake their keys in multiple pools to enhance reward tiers and maximize their earnings. These staked keys form the basis of a pool, directly impacting potential rewards.
esXAI and Pool Capacity 🔄
- esXAI, a new token representing staked XAI in escrow, determines pool capacity in XAI staking pools.
- KYC-verified Sentry Key owners have the exclusive privilege to create pools and set network reward percentages for themselves.
- Successful pool owners must actively lead, recruit members, and market their pools to retain stakers.
Holders of esXAI also stand to gain network rewards, with percentages set by the pool creator. As most esXAI is likely held by Sentry Key owners, they are expected to be the primary stakers of esXAI. The immediate redemption of XAI for esXAI aims to boost ecosystem support, attract new investors, and enhance network health.
The market response to this development has been lukewarm. XAI is currently trading at $0.68, reflecting a modest 0.71% increase in the last 24 hours.
XAI’s Role in the Resurgence of Web3 Gaming 🎮
- Xai’s latest move contributes to the revival of Web3 gaming in 2024.
- Initiatives like Saga’s “Power-Level Over 9000” campaign and a16z’s Games Fund indicate growing investor confidence in the sector.
Hot Take: Xai’s Staking Pools – A Step Towards Community Growth 💡
The launch of Xai’s new staking pools marks a significant milestone in fostering collaboration, rewarding stakeholders, and strengthening the Xai ecosystem. As the platform continues to innovate and expand, it holds the potential to drive further growth in the Web3 gaming industry.
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