Xai (XAI) was recently listed on Binance, the world’s largest cryptocurrency trading platform on January 9, 2024. The project was initially introduced as the 43rd Launchpool on the exchange, which concluded on Monday. After being listed on Binance, the price of XAI saw a gain of approximately 7% and reached an all-time high.
As the first Layer 3 project in the Arbitrum ecosystem, Xai offers an innovative approach to democratizing web3 gaming. This allows traditional gamers to easily trade in-game items on the Xai network without the complexities of crypto wallets. The platform’s decentralized nature also encourages active participation in governance.
Binance also recently announced the addition of new margin pairs, including Solana (SOL), BNB, NFP, SEI, and others.
XAI was featured as the 43rd Launchpool project on Binance, where users were able to stake their BNB, FDUSD, and TUSD in separate pools to farm XAI tokens. This four-day event started on January 5, 2024, at 12:00 a.m. UTC and concluded on January 8, 2024, at 11:59 p.m. UTC. The XAI listing on Binance officially began on January 9, 2024, at 10:00 a.m. UTC. Trading pairs for XAI include XAI/BTC, XAI/USDT, XAI/BNB, XAI/FDUSD, XAI/TUSD, and XAI/TRY. Additionally, XAI has been equipped with the Seed Tag.
XAI has a maximum supply of 2.5 billion tokens. During the XAI Binance Launchpool, a total of 75,000,000 XAI was rewarded, which is equivalent to 3% of the total token supply. The initial circulating supply is approximately 11.08%, which amounts to 277,118,150 XAI.
The hourly cap on rewards per user varied across pools, with the BNB pool set at 62,500 XAI, the FDUSD pool at 7,812.5 XAI, and the TUSD pool at 7,812.5 XAI. Users staking BNB had the opportunity to claim an 80% share of 60,000,000 XAI in Launchpool rewards, while the FDUSD and TUSD pools promised 7,500,000 XAI in rewards per pool.
Following its listing on Binance, the price of XAI saw a 7% increase and reached an all-time high of $0.786384. At the time of writing, XAI was trading at $0.724314 with a market capitalization of $200.72 million. The 24-hour trade volume for XAI was an impressive $165.24 million. XAI currently has a circulating supply of 277.12 million, which is only 11.08% of the maximum supply. This leaves room for potential shorting, which could potentially drive the price of XAI even higher in the future.
In other recent news, a Shiba Inu whale has accumulated 546 billion SHIB from Binance, hinting at a potential bull run ahead.
