Binance Lists Gaming Token XAI and Prices Increase by 7%
On Tuesday, January 9, 2024, Xai (XAI) was listed on binance, the world’s largest crypto trading platform. Previously, the project was introduced as the 43rd Launchpool on the crypto exchange, which ended on Monday. After listing on Binance, XAI price increased by approximately 7% and reached a new all-time high.
The first Layer 3 in the arbitrum ecosystem, Xai is an innovative approach that promotes the democratization of web3 gaming. Traditional players will now be able to seamlessly exchange in-game items on the Xai network without the complexity of crypto wallets. Additionally, the decentralized structure of the platform encourages active participation in management.
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XAI as Binance’s 43rd Launchpool Project
The 43rd Binance Launchpool, which ended on Monday, saw users stake their BNB, FDUSD, and TUSD in separate pools to collect XAI tokens. This exciting phase took place over four days, starting at 12:00 UTC on January 5, 2024 and ending at 23:59 UTC on January 8, 2024.
Later, XAI Binance listing started on January 9, 2024 at 10:00 UTC. Additionally, the crypto exchange opened trading pairs that include XAI/BTC, XAI/USDT, XAI/BNB, XAI/FDUSD, XAI/TUSD, and XAI/TRY. Additionally, XAI is equipped with the Seed Tag.
XAI crypto has a maximum supply of 2.5 billion tokens. Looking at the details of the XAI Binance Launchpool, the total token rewards consisted of 75,000,000 XAI, equivalent to 3% of the total token supply. The initial circulating supply is approximately 11.08%, amounting to 277,118,150 XAI.
The hourly cap on rewards per user varied between pools; BNB pool was determined as 62,500 XAI, FDUSD pool was determined as 7,812.5 XAI and TUSD pool was determined as 7,812.5 XAI. Users who staked BNB had the opportunity to receive an 80% share of 60,000,000 XAI in Launchpool rewards. Meanwhile, FDUSD and TUSD pools promised 7,500,000 XAI rewards per pool.
XAI Price Increased by 7%
XAI crypto price surged over 80% following its listing on Binance and reached an all-time high of $0.786384. At the time of writing, the crypto has gained 6.85% and traded at $0.724314 on Monday. Meanwhile, XAI’s market value stood at $200.72 million.
Apart from the recent gain, the 24-hour trading volume stands at an impressive $165.24 million. Currently, the crypto has a circulating supply of 277.12 million, which is only 11.08% of the maximum supply. Therefore, there is room for short selling in the future, which could drive the XAI price unprecedentedly higher.
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