What is Xai? 43rd project on Binance Launchpool

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18 Jan 2024

inance Launchpool officially opened its first sale in 2024 called Xai, a layer 3 project specializing in gaming. So what is Xai?

What is Xai?

Xai is a layer 3 blockchain, built on the Arbitrum network. The Xai team aims to develop a layer 3 blockchain specifically for the Gaming segment, aiming to bring a smooth and easy blockchain gaming experience to users. At the same time, attract traditional gamers to join Xai.
According to the project, the Xai team has been developing the first 4 games to release on the Xai network including Final Form - card game, LAMOverse - action game, Tarochi Game - RPG game and Web3 Warriors - survival game

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Xai Home Page: https://xai.games

Xai products

The Xai team is currently developing two main products including Xai blockchain and Sentry Node:

Xai blockchain

Xai blockchain is a layer 3 blockchain and was mainnet on January 9, 2024. This is also one of the first layer 3 projects launched to the community, with activities focusing on the gaming segment. Therefore, Xai blockchain is a network optimized for gaming, from here it can be a suitable playground for developers who intend to build game products on Arbitrum< /span>. Before launching the mainnet, Xai's testnet version had relatively stable parameters with an average of 4 million transactions/day, with more than 500,000 wallets on the network. In addition, Xai blockchain allows users to use XAI tokens as gas fees for transactions, similar to the sidechain models.sidechain.

Blockchain explorer of Xai testnet.

Xai Sentry Node

Xai Sentry Nodes are nodes on the Xai network, playing the role of authenticating transactions on the Xai network and transferring them to Layer 2 and Layer 1 to complete the transaction. Currently, users only need to buy a Sentry License Key and perform KYC to run a node for Xai blockchain.
At the time of writing, the Xai team has successfully sold more than 30,000 Keys with each Key costing nearly 2,000 USD, equivalent to a revenue of about 60 million USD for Key sales.

Users can buy Keys on Xai's homepage.
In addition to the above two products, the Xai team also cooperates with studios to create game projects on the network, bringing diversity to the Xai ecosystem. Specifically, game projects Xai supports construction include:

Final Form: Card game developed by Ex Poplus and Xai.
LAMOverse: Game in the action and third-person shooting genre. The project is built by Ex Populus and Xai Foundation.

Highlights of Xai blockchain

Xai is a layer 3 blockchain in the form of Orbit Chain, allowing developers to freely design and adjust the structure of the Xai blockchain according to Arbitrum Rollup and Arbitrum AnyTrust. In there:

Arbitrum Rollup: Allows Xai blockchain to inherit security capabilities from Arbitrum.
Arbitrum AnyTrust: Allows Xai blockchain users to transact with very low gas fees.

In addition, the integrated Xai blockchain Web3 wallet is available in the network, from which users experience the ecosystem without preoccupied with actions and interactions with wallet. Not only that, Xai blockchain is designed specifically for gaming, so developers can freely build and develop games without worrying about performance and efficiency issues.

What is Xai Token?

XAI Token Key Metric

Token name: Xai.
Ticker: XAI.
Blockchain: Decision One.
Contract: 0x4Cb9a7AE498CEDcBb5EAe9f25736aE7d428C9D66.
Token type: Utility, Governance.
Total Supply: 2,500,000,000 XAI.
Circulating Supply: 277,118,150 XAI.

XAI Token Use Case

XAI token holders have the following benefits:

Participate in governance and voting.
Pay transaction fees on the Xai network.
Participate in staking activities.

XAI Token Allocation

The number of XAI tokens allocated is as follows:

DAC and node: 42.09%.
Investors: 20.79%.
Team: 20%.
Ecosystem: 7.5%.
Community: 5%.
Binance Launchpool: 3%.
Reserve: 1.62%.

XAI token allocation amount.

XAI Token Release Schedule

Below is the XAI token payout schedule:

XAI token unlocking schedule.

XAI Token Sale

On January 5, 2024, Binance Launchpool will list the first token in 2024, XAI. Specifically, users can stake BNB, FDUSD and TUSD to receive XAI (up to 4 days).
The amount of XAI allocated to each pool is as follows:

BNB pool: 60,000,000 XAI.
FDUSD pool: 7,500,000 XAI.
TUSD pool: 7,500,000 XAI.

Roadmap and updates

Below is the Xai team's roadmap in 2024:
Q1/2024

Conduct an airdrop for the community.
Mainnet launch.
Launching staking on the Xai platform.

Q2/2024

Combined with other game series including Final Form, MIX games on the Xai network.

Q3/2024

Integrate LAMOverse game.

Project team, investors and partners

Project team

The Xai project is the product of two teams including Xai Foundation and Offchain Labs. Currently the Xai Foundation team is anonymous, so below are the members of Offchain Labs:

Steven Goldfeder: Co-Founder and CEO at Offchain Labs, he has worked at many large multinational companies such as Microsoft, Google...
Harry Kalodner: Co-Founder and CTO at Offchain Labs. Before joining Offchain Labs, he worked as an engineer at Apple and several universities in New England.

Offchain Labs team.

Investors

Xai has raised capital of 10 million USD through three private sale rounds, with prices of 0.01 USD, 0.032 USD and 0.035 USD respectively. However, the time and investors participating in the private sale rounds have not been disclosed.

Partner

Currently, the Xai project has many major partners in the gaming field from Web3 to Web2, some projects include Team Secret - the world's leading Esport organization today, Thirdweb, Paima Studios...