What is XAI? How to participate in Xai staking?

XAI is a Layer 3 solution built on Arbitrum and developed to solve the needs of web3 games.

Compared with Layer 2 networks tailored for chain games such as Ronin and TreasureDAO, XAI has the technical advantages of cheap gas and low threshold.

With Xai, potentially billions of traditional gamers can own and trade in-game items without the need to use a crypto wallet with a certain threshold.

All individuals and teams can also support the Xai network by operating nodes, and receive network rewards and participate in governance.

From Xai Twitter, we can see that many games such as Tarochi Game, Crypto Unicorns, and Pixel Vault have been transferred to the Xai ecosystem.

Games on Xai Ecosystem

XAI Token Economic Model

The Xai network and ecosystem utilize XAI and esXAI (hosted XAI, both redeemable 1:1) to bring balance and integrity to the ecosystem and play an important role in the Xai network.

XAI is the gas token of the network, which promotes transactions within the network and is issued to verification nodes as rewards. In the future, XAI tokens will also be used as the main token in the game ecosystem for in-game transactions and payment media.

The maximum total supply of XAI and esXAI totals 2.5 billion, of which 7.5% is used for ecological rewards and 50.1% is used as node, community and DAC rewards.

XAI was launched through Binance Launchpool in January this year. The current price is US$0.7 and once rose to US$1.63.

XAI Token Distribution

Advantages of XAI Staking V2 version

Xai recently launched the staking V2 version. The new feature allows XAI token holders to convert and stake their XAI into the staking pool to earn basic rewards and third-party game rewards.

Xai staking new versions has 2 advantages.

First, only KYC Sentry Key owners can create a pool, and upon creation, the pool’s creator determines the percentage of network rewards that they keep for themselves.

Pool owners are effective leaders, recruiters and evangelists in the Xai Stake ecosystem. These individuals are appropriately rewarded by the talent pool for their leadership, organizational skills, and marketing efforts.

If the pool creator fails to perform his or her duties effectively, staker players will be lost and rewards will be lost.

The requirements for creating a pool also improve the rights and interests of creators, allowing creators and the Xai ecosystem to develop together and ultimately gain more benefits.

How to create a pool with Xai Staking

Secondly, the Xai ecosystem encourages game project parties to create pledge pools and obtain early supporters and contributors of the game.

Gaming projects that utilize the Xai platform may be one of many possible candidates for the pool owner role.

By establishing a pool, game projects can effectively pre-launch games and airdrop to participants in the pool.

This method enables the gaming community to be encouraged to deposit their esXAI into the pool, and projects can use this method to find early project supporters and resource support, and conduct airdrop rewards for early supporters when the project is launched.

Xai staking returns at different levels

How to participate in XAI staking?

The Xai Staking Pool will enable esXAI holders and key holders to combine their holdings, stake collectively, and receive greater probability of rewards.

Players can create their own pools to obtain node rewards, and obtain pool rewards by creating pools, using mining pools for staking, and accumulating.

How to create a pool can be obtained through the official blog for detailed support methods and steps.

Ordinary players can also hold esXAI to obtain XAI staking rewards, participate in and follow the development of the Xai project.

esXAI Staking

Future opportunities for XAI?

As this bull market gets closer and closer, the attention of web3 games continues to increase. As one of the most intuitive ways for web2 users to understand the blockchain, chain games are also the focus of many people’s attention.

Gamefi’s own pain points, such as the use of encrypted wallets, game speed, gas fees, etc., also restrict the entry of ordinary players. The Xai ecosystem is trying to solve this problem, making it easier for web2 game users to enter web3 games and enjoy the gamefi experience.

If this bull market chain game continues to become one of the important tracks, Xai will also have good space as a web3 game solution.

XAI current price $0.7

The current price of XAI is 0.7 US dollars. I don’t know how big the chance of 10 times is. If the track breaks out, it may not be difficult.

The market is also waiting for the next popular web3 game and the next opportunity.

The above is just my personal opinion, no investment advice. I am Chuxiaolian, and I am paying attention to the encryption market and web3.

What is XAI? How to participate in Xai staking? was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.