Binance Launchpool is continuously launching new generation projects, demonstrating its vision for the development of the GameFi ecosystem. Among them, XAI will be the newest name in the game segment to be launched in 2024.
The project has also promised to pay Airdrop to users soon.
Read more: Layer-3 XAI announces season 1 Airdrop , what are the winning conditions?
Let's learn more with Allinstation!
What is XAI?
XAI is the first Layer 3 in the Arbitrum ecosystem, designed to bring traditional players into the world of web3 gaming.
Xai operates as an Arbitrum Orbit chain (Layer 3 on Arbitrum), exploiting Anytrust technology to achieve maximum speed and minimum cost. Unlike other “self-managed” Orbit chain , Xai will benefit from direct technical support from Offchain Labs, the team behind the Layer 2 Arbitrum platform.
Read more about Arbitrum Orbit in the article: Development trends of current major Layer 2
XAI helps traditional players participate in an open trading system, allowing them to trade in-game items without interacting with a cryptocurrency wallet. The platform's network is open and decentralized, allowing anyone to operate a node, receive network rewards, and participate in system management.
Outstanding features of the project
The first Layer 3 runs on Arbitrum
As a pioneering Layer 3 project on Arbitrum, XAI opens a new game promoting the development of the Arbitrum blockchain. The project solves the following problems:
- Scalability: Layer 3 technology allows scaling to hundreds of millions of users without compatibility, composability, and security issues.
- Gas Price: XAI alleviates the problem of Gas Price in blockchain gaming, making in-game activities more convenient for players, promoting the development of the blockchain gaming ecosystem.
- Xai solves virtual wallet engagement challenges for traditional players by seamlessly integrating virtual wallets behind the gaming experience, managing them on players' behalf to minimize the registration process and use.
- Stability: Xai ensures the stability of its blockchain network by implementing powerful AnyTrust technology and implementing smart contract optimization, providing a stable environment for gaming experience.
Sentry node
The Sentry node is an observer node that monitors the XAI aggregation protocol, and if an incorrect block is proposed, it issues a warning (by whatever means its operator chooses) so that others can intervention.
The purpose of Sentry nodes is to solve the verifier's dilemma.
That problem mainly revolves around checking for cheaters, the platform has changed the incentive mechanism on the Checker side.
The platform's Sentry node has achieved the following achievements:
- Total revenue over 20 million dollars in 3 weeks
- More than $2.5 million has been awarded to referral partners
- Sold more than 30,000 Keys
- More than 5,000 wallets have purchased at least 1 Key
- More than 5,000 active nodes
Diverse games
Ex Populus was the first developer to deploy its games on the Xai Blockchain, paving the way for many other developers to follow.
Ex Populus is a reputable game development studio, led by industry veterans from renowned companies such as Pixar, Ubisoft, Activision, Blizzard, etc. With a remarkable team, the company is currently in the development of two highly anticipated games, Final Form and LAMOverse.
- Final Form
- LAMOverse
- Tarochi
- Web3 Warriors
Information about Token
Token metrics
The main Token of XAI is $XAI built on the Xai blockchain. In addition, Xai also introduced esXAI.
- Token name: XAI Token
- Ticker: XAI
- Blockchain: Arbitrum
- Token Standard: ERC-20
- Contract: Updating…
- Token Type: Utility, Governance
- Total Supply: 2,500,000,000 XAI (total of XAI and esXAI)
- Circulating Supply: Updating…
- Initial Supply: 277,118,150 XAI (11.08% of total supply)
Read more about escrowed Token: What is veToken (Vote Escrowed Token)? Complete information about veToken
Allocation of Token
- Team: Starts unlocking 6 months after TGE. The allocation will unlock over a period of 36 months. A total of 42 months.
- Investors: Start unlocking 6 months after TGE. The allocation will unlock over a period of 24 months. A total of 30 months.
- Ecosystem: 2% of total supply unlocked now at TGE for market makers (MM). The remaining 5.5% of the total supply is available to the ecosystem and will begin to be unlocked 6 months after TGE and will be unlocked over a period of 36 months. A total of 42 months.
Token payment schedule
Those running Sentry Node will continuously receive esXAI, it is expected that after 5-6 months from TGE, the total supply of XAI and esXAI will reach 1,250,000,000. At that time, the halving process of the node running reward will take place. For details, please refer to this page .
esXAI has a 1:1 value with XAI but cannot be converted to XAI immediately but must go through the vesting process according to the following unlocking mechanism:
- Unlock after 15 days and receive at a rate of 1:0.25 (25%)
- Unlock after 60 days and receive a rate of 1:0.625 (62.5%)
- Unlock after 180 days and receive a 1:1 (100%) ratio.
Token utility
XAI is used for the following purposes:
- Pay Gas Price when making transactions on the blockchain network. XAI used as Gas Price will be burned directly.
- Convert to esXAI. esXAI is a special non-transferable Token used as a reward for node runners and for the DAO.
- Staking, has the following options:
- Stake esXAI to increase yield for node runners
- Stake XAI for exposure to special events and Non Fungible Tokens of titles built on XAI
- Stake XAI to vote on DAO
Roadmap
Q1/2024:
- Airdrop season 1
- Mainnet launch
- Token Sale and Listing on the Exchange
- Deploy Tarochi and Web3 Warriors on the Xai platform
- Staking esXAI
- Deploy Camelot, LayerZero and Rarible on the Xai platform
Q2/2024:
- Deploy Final Form, MIX games and other games on the Xai platform
Q3/2024:
- Deploying LAMOverse and MIX games on the Xai platform
Project team
Updating…
Investors and partners
Partner
Collaborators for the development of XAI include: Offchain Labs, Team Secret, Media Indie Exchange (MIX), Rug Radio, Camelot, Rarible, Thirdweb, LayerZero.
Investors
Xai has raised ~10 million USD from three fundraising rounds at $0.01, $0.032, and $0.035 per XAI respectively.
In addition to the investment funds provided by the project, Offchain Labs also invests and supports this project.
Identify
XAI is a unique project as the first Layer 3 on Arbitrum, the main goal is to attract traditional players into the web3 gaming world. The project solves the challenges of scalability and Gas Price in blockchain gaming, while providing a smooth experience of virtual wallet interaction. A special feature is the use of AnyTrust and Sentry node technology to help ensure the stability of the blockchain network and solve the problem of fraud.
In particular, the success of the Sentry node with large revenue, number of users and Key wallet accumulation proves the appeal and success of the incentive mechanism model. The project has a clear roadmap and strong support from leading industry partners, including Offchain Labs, Team Secret, MIX, Rug Radio, Camelot, Rarible, Thirdweb and LayerZero.
The presence of Xai Games opens up new games for users when participating in the Arbitrum ecosystem, this is the basis for this ecosystem to develop strongly in the near future.
Frequently asked questions
What is the project's official information channel?
What is esXAI?
- esXAI is a non-transferable Token and its utility focuses on Staking for various benefits such as generating Yields, earning Non-Fungible Token or for governance purposes.
How does Sentry node work?
- Sentry nodes can run on laptops, any community computer, or even on cloud instances. As long as the node is running, there is a probabilistic algorithm that XEM whether the node operator will receive esXai token rewards from the network. That algorithm can be increased by Stake into esXai.
summary
Allinstation answered your question about what XAI Games is and provided information surrounding the project. Let's learn and evaluate together to make the wisest investment decisions. Wish you luck!!!
