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Home»ALTCOIN NEWS»Leading cryptocurrency exchange Binance announces support for upcoming gaming altcoins
ALTCOIN NEWS

Leading cryptocurrency exchange Binance announces support for upcoming gaming altcoins

By Crypto FlexsJanuary 6, 20242 Mins Read
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Leading cryptocurrency exchange Binance announces support for upcoming gaming altcoins
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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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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created by: Midjourney

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