Binance, a leading global cryptocurrency exchange, plans to list an upcoming gaming altcoin on its Launchpool platform.
Binance Launchpool allows users to stake their coins to acquire new assets, and the platform’s 43rd project will be the gaming blockchain Xai (XAI), which the exchange plans to list on January 9.
Between January 5 and 9, Binance users can earn XAI tokens by staking BNB and stablecoins First Digital USD (FDUSD) and TrueUSD (TUSD) in separate pools.
Binance said it would attach a seed tag to XAI. XAI applies to projects with low liquidity that may exhibit higher volatility compared to other listed tokens. Binance requires users who own assets with seed tags to pass a quiz every 90 days to ensure they are aware of the risks before trading the tokens.
XAI represents the first layer 3 project in the Arbitrum (ARB) ecosystem, according to the exchange’s research report on the project.
The XAI Network is open and decentralized and aims to provide gamers with a way to trade in-game items for their favorite titles without having to interact with a cryptocurrency wallet.
The project plans a token supply of up to 2.5 billion XAI. More than 11% of that total will account for the token’s initial circulating supply.
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