Produced by: DODOResearch
Author:dt
Editor: Lisa
Yesterday, January 3, 2024, Binance announced its latest Launchpool project - XAI. According to the official website, XAI is a blockchain game public chain developed for large-scale adoption. However, game public chains are not new. Concept, as a rising star among many game public chains, what background and strength does XAI have to enable it to be listed on Binance for the first time? Opening the document and introducing the last sentence makes people understand the secret, "Xai is developed by Offchain Labs leveraging Arbitrum technology." It turns out that XAI is the Arbitrum Orbit L3 public chain directly supported and assisted by Offchain Labs, the development team behind Arbitrum.
This week's CryptoSnap Dr.DODO takes everyone to learn about the features of this L3 game chain officially supported by Arbitrum!
technical foundation
To understand the technical foundation of XAI, you must first understand the Arbitrum Orbit L3 public chain. Dr. DODO also introduced it in Megascope last June. Simply put, Arbitrum Orbit is an L3 upgrade based on Arbitrum L2 Rollup, which serves as the settlement layer. The scalability solution allows developers to issue chains with one click, and XAI is an Orbit L3 chain built on Arbitrum Nitro. Arbitrum Nitro directly compiles the core of Geth through the basic layer of the client software, greatly improving the compatibility of Ethereum. In addition, it also has built-in modules such as BOLD and Stylus. BOLD implements permissionless fraud proof and can significantly reduce withdrawal delays; Stylus supports multi-language development, which not only improves efficiency but also enables seamless migration from other chains to Arbitrum.
It can be said that Nitro provides a stable, secure and efficient foundation for Xai. Seamless interoperability with Arbitrum One and Nova also allows Xai to directly connect to richer ecological resources. Compared with building an independent public chain separately, XAI uses Arbitrum's ready-made infrastructure to make its development more efficient.
Token economy
Arbitrum Orbit gives the L3 public chain considerable freedom, including consensus mechanism, governance model, gas fee token selection, economic model, etc., which are highly autonomous. Therefore, XAI can design a unique token economic model, similar to GMX The esToken dual-token model, the native token XAI and the staked version esXAI form a deflationary dual-token system. The two can be exchanged for each other, and the exchange ratio changes over time. XAI, as a governance token and Gas token, supports the network operation; esXAI serves as a reward token to attract node operators through a pledge mechanism and provide infrastructure for the ecosystem.
XAI Token Distribution
The total supply of XAI is 2.5 billion, and the initial distribution is as follows:
- Team and early contributors: 20% of tokens gradually unlocked over 42 months.
- Investors: 22.41% of tokens unlocked within 30 months.
- Ecosystem: 2% will be unlocked immediately for market making, and 5.5% will be unlocked within 42 months for ecological construction.
- Point reward: 50.1%. The proportion of rewards issued in the form of esXAI and redeemed for XAI changes with the unlocking time.
Source: https://xai-foundation.gitbook.io/xai-network/xai-blockchain/xai-tokenomics
Game ecology
Then we talked about the most important issue of the game public chain - game ecology. According to the official website, there are currently five games in preparation. The first one to be released will be the card battle game Final Form, which provides a collection of cards. An immersive experience that integrates cards, Roguelites and combat. Players can evolve cards to participate in alliances and win rewards. It is developed by Ex Populus Studio, which is composed of several former developers from major game companies. At the same time, Ex Populus is also an official game developer cooperated by XAI. It will provide services to the ecosystem under the guidance of the foundation and be responsible for the development part of the game.
In addition to Ex Populus, XAI has also reached strategic cooperation with multiple industry leaders, including Tencent, Animoca Brands, etc. These partners have brought a wealth of game resources and channel support to XAI. It is foreseeable that a number of excellent works will emerge in the XAI ecosystem in the future, creating a game world with depth and breadth from multiple dimensions.
Source: https://xai.games/
Strategic Positioning
The launch of XAI also illustrates the fierce competition between Arbitrum and Optimism. Faced with Optimism's active expansion of the OP Stack Layer 2 market, Arbitrum chose to vertically enter the third-layer blockchain in the gaming field. This highly customized strategy not only significantly improves performance, but also better meets the needs of game users.
As a strategic move of Arbitrum, Xai has injected strong growth momentum into it and is expected to open up new growth space. Rather than competing head-on with Optimism, Arbitrum's choice of vertical integration to avoid the red ocean and go straight into the blue ocean also demonstrates the market insight and determination of the Arbitrum team.
Source: https://abmedia.io/arbitrum-orbit-is-ready-for-release
Author's opinion
As the Cancun upgrade day gets closer, many tokens in the ETH Rollup ecosystem have also begun to rise. $Arb, which was once jokingly called a stable currency, has also quietly doubled, and as Arbitrum’s biological son XAI has added With the addition of the yellow robe on Binance, his net worth has risen even more.
With the resounding number one of Arbitrum L3, XAI is becoming a new star in the field of blockchain games with its technological innovation, economic mechanism design and application expansion. Its valuation can be compared with the same type of Myria or even Gala. Of course, a good background does not necessarily lead to good products. This part will test how the team can attract more high-quality game studios to develop games on XAI. If the game ecosystem is successfully built, XAI's user base and commercial value will increase exponentially, which will also verify Arbitrum's competitive strength in the Layer 2 market and gamers will also benefit from a more convenient and smooth gaming experience.
