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Sunday, February 25, 2024
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    Crypto.com Lists Layer 3 Gaming Challenge Xai Following XAI Token’s +35% Weekly Value Surge

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    Key takeaways:

    • Crypto.com has listed the XAI token on its platform, bringing extra liquidity, buying and selling quantity, and visibility to the token.
    • XAI is the native token of the Xai Community, a layer 3 blockchain optimized for gaming that goals to onboard hundreds of thousands of players to web3
    • The XAI token has seen vital worth progress not too long ago, surging 35% to hit a brand new all-time excessive on Monday
    • This itemizing comes after different main exchanges like Binance and KuCoin additionally added assist for XAI forward of its mainnet launch

    Crypto.com has introduced at the moment that it has listed Xai’s native token on its platform.

    Xai ($XAI) is now listed within the https://t.co/A7lhUEyoao Trade!

    Commerce XAI with USD. Deposits and withdrawals enabled.

    Commerce Now ? https://t.co/GBTPzwV3F0 pic.twitter.com/I6mFOKfTRE

    — Crypto.com Institutional (@Cryptocom_Insto) January 15, 2024

    The itemizing comes on the heels of a profitable week for the XAI token, which surged over 35% in worth and reached a brand new all-time excessive of $0.12 on January fifteenth.

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    The XAI Community (XAI)

    Xai is constructing a devoted layer 3 blockchain tailor-made for gaming by leveraging Arbitrum know-how. As the primary layer 3 venture within the Arbitrum ecosystem, Xai goals to offer a quick, low-cost blockchain that may assist the distinctive wants of video video games and allow seamless in-game asset buying and selling.

    The community is able to dealing with as much as 10,000 transactions per second with near-instant finality. By optimizing the blockchain structure particularly for gaming, Xai plans to onboard hundreds of thousands of conventional players to web3 video games the place they will really personal and commerce their in-game objects.

    See also  Xumm Pockets to Debut Pay as you go XRP Tangem Playing cards

    XAI serves because the gasoline token on the Xai blockchain and facilitates all transactions and operations. XAI holders may also stake their tokens to generate esXAI, which unlocks extra utility and rewards on the community, together with yield, governance rights, and group perks.

    Furthermore, the blockchain is on observe for a mainnet launch in Q2 2024, in accordance with the Xai crew, and has already partnered with main gaming firms akin to Ubisoft, Steam, and Epic Video games forward of the mainnet rollout.

    Current Partnerships and Listings

    The latest worth surge and alternate listings replicate the thrill constructing round Xai because it gears up for the mainnet launch. Crypto.com is the most recent high alternate so as to add assist for XAI, becoming a member of Binance, KuCoin, CoinEx, and others.

    On January third, Binance introduced Xai because the forty third venture on Binance Launchpool, which allowed customers to farm XAI tokens. This marked Xai’s first integration with a significant alternate. Binance additionally added XAI spot buying and selling pairs and USDT-margined XAI contracts on Binance Futures.

    In the meantime, KuCoin supplied unique pre-listing entry to XAI by its KuCoin Pre-Market launch from December 22, 2023 to January 4, 2024. KuCoin was the primary alternate to debut XAI buying and selling pairs and leveraged XAI contracts on KuCoin Futures shortly after.

    Xai and Crypto.com

    The Xai venture appears to align carefully with Crypto.com’s objective of accelerating the worldwide transition to cryptocurrency. In response to the alternate, it now helps over 250 cryptocurrencies and has over 80 million customers worldwide.

    See also  API3 token up 70% following Bitget itemizing 

    Moreover, XAI will probably be becoming a member of Crypto.com’s expansive ecosystem of services, together with buying and selling, lending, staking rewards, pay as you go playing cards, and DeFi apps. This offers XAI broad publicity and utility amongst Crypto.com’s giant person base.

    Crypto.com’s transfer additionally comes amidst surging curiosity and adoption in web3 gaming. In response to DappRadar, web3 video games generated about $1.2 billion in revenues in 2023, greater than double the $500 million in 2022.

    The underside line

    Xai is nicely positioned to capitalize on this explosive progress with its layer 3 structure that prioritizes scalability, ease of use, and interoperability. By abstracting away blockchain complexity, Xai hopes to easily onboard a whole bunch of hundreds of thousands of players into web3 experiences.

    Furthermore, the XAI token has seen a pointy rebound since its airdrop announcement, showcasing its sturdy potential. It’s secure to imagine XAI may see additional worth discovery now that it has been listed on a high international alternate like Crypto.com.

    As extra customers achieve entry to XAI, we will count on larger liquidity, buying and selling volumes, and visibility for this promising new gaming-focused blockchain.

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