The Binance XAI Launchpool Project has been unveiled by one of the biggest crypto companies in the world. It carries Elon Musk’s company X’s name in it but are they related to each other?
Binance, the biggest place where people trade cryptocurrencies, has just unveiled its 43rd project, and it’s a big deal. They’re diving into the world of gaming with something called the XAI token launchpool. This isn’t just another crypto thing; it’s a chance for people to get involved and earn rewards by using their digital assets. Let’s break it down.
Binance XAI is the 43rd Launchpool Project
At the heart of this whole Binance XAI project is something called Arbitrum, which is like the neighborhood where XAI lives. XAI is not your average crypto – it’s the first-ever Layer-3 blockchain network. What does that mean? Well, it’s designed with gaming in mind. Imagine playing your favorite games, but instead of just having fun, you also earn XAI tokens. It’s like getting a bonus for doing something you love. Please be reminded that cryptocurrency investments are subject to market volatility, and prices can fluctuate rapidly. Exercise prudence and conduct thorough research before committing funds to mitigate potential risks.
Introducing @XAI_GAMES $XAI on #Binance Launchpool!
Farm XAI by staking #BNB, $FDUSD and $TUSD.
➡️ https://t.co/RXg83uGkf8 pic.twitter.com/izSxbqjjDr
— Binance (@binance) January 3, 2024
Commencing from January 5 at 00:00 UTC, users can actively participate in a four-day staking period by leveraging their BNB, FDUSD, and TUSD assets. This strategic engagement allows participants to accrue XAI tokens, establishing a compelling incentive structure for engagement within the Launchpool event.
How do you fix Binance not working issue?
The subsequent listing for the broader user base is scheduled to commence on January 9 at 10:00 UTC, signifying the official entry of XAI tokens into the trading arena. Binance has streamlined the Launchpool event, with expectations that it will be accessible to users within 24 hours of the announcement.
Binance XAI details
Per Launchpool details given by BSC News, the total supply of XAI tokens stands at 2.5 billion, with 75 million XAI tokens (3% of the total supply) allocated for users participating in the event. The circulating supply from January 9 is communicated as 277,118,150 XAI, comprising 11.08% of the total supply.
Stakeholders engaging in the BNB pool can potentially earn up to 62,500 XAI, while the FDUSD and TUSD pools offer 7,812.5 XAI each. Binance has allocated 60 million XAI tokens for the BNB pool and 7.5 million XAI tokens each for the FDUSD and TUSD pools, ensuring a balanced and engaging Launchpool event.
US government to exercise intense oversight over Binance, says ex-SEC official
The new project carries Elon Musk’s company name
Here’s a fun twist. The name XAI might remind you of something Elon Musk is into – his AI-focused startup called xAI. It’s like seeing two things that look alike but do different stuff. Binance’s XAI is all about gaming, while Elon Musk’s xAI is more into artificial intelligence. It’s a bit like finding two cool gadgets with similar names but doing completely different things. Even though they’re not the same, it makes you wonder if there’s a trend of cool names in the tech world.
In conclusion, Binance’s XAI project is not just about numbers and tokens; it’s an adventure into the world of gaming on the blockchain. Whether you’re a crypto pro or just starting, the XAI token launchpool is your ticket to a new kind of digital fun. So, mark your calendar, get ready to stake your assets, and let the gaming begin!
Featured image credit: Kanchanara/Unsplash
