Binance Launchpool officially launches its first sale of 2024 with XAI, a layer 3 project focused on gaming. So, what is XAI?

What is XAI?
XAI is a layer 3 blockchain, built on the Arbitrum network. The XAI team aims to develop a layer 3 blockchain dedicated to the gaming sector, with the goal of providing a smooth and easy blockchain gaming experience for users. Additionally, it seeks to attract traditional gamers to participate in XAI.
According to the project, the XAI team has been developing the first four games to be released on the XAI network, including Final Form - a card game, LAMOverse - an action game, Tarochi Game - an RPG, and Web3 Warriors - a survival game.

XAI Products
The Xai team is currently developing two main products: the XAI blockchain and the Sentry Node.

• XAI Blockchain
  The XAI blockchain is a layer 3 blockchain that will mainnet on January 9, 2024. It is also one of the first layer 3 projects to be launched to the community, with a focus on gaming. Therefore, the XAI blockchain is optimized for gaming, making it a suitable playground for developers intending to build gaming products on Arbitrum.
  Before the mainnet launch, the testnet version of XAI had relatively stable metrics, averaging 4 million transactions per day, with over 500,000 wallets on the network. Additionally, the XAI blockchain allows users to use the XAI token as gas fees for transactions, similar to sidechain models.

• XAI Sentry Node
  XAI Sentry Node are nodes on the XAI network that validate transactions on the XAI network and transfer them down to Layer 2 and Layer 1 for transaction completion. Currently, users only need to purchase a Sentry License Key and complete KYC to run a node for the XAI blockchain.
  At the time of writing, the XAI team has successfully sold over 30,000 Keys, with each Key priced at nearly 2,000 USD, generating approximately 60 million USD in revenue from the Key sales.

In addition to the two main products mentioned above, the XAI team is also collaborating with studios to develop gaming projects on the network, adding diversity to the XAI ecosystem. Specifically, the gaming projects supported by XAI include:

• Final Form: A card game developed by Ex Populus and XAI.
• LAMOverse: An action and third-person shooter game. This project is developed by Ex Populus and the XAI Foundation.

Highlights of XAI Blockchain
XAI is a layer 3 blockchain in the form of an Orbit Chain, allowing developers to freely design and adjust the structure of the XAI blockchain according to Arbitrum Rollup and Arbitrum AnyTrust. Specifically:

• Arbitrum Rollup: Allows the XAI blockchain to inherit security from Arbitrum.
• Arbitrum AnyTrust: Allows XAI blockchain users to transact with very low gas fees. Additionally, the XAI blockchain integrates a built-in Web3 wallet within the network, enabling users to experience the ecosystem without worrying about actions and interactions with the wallet. Moreover, the XAI blockchain is specifically designed for the gaming sector, allowing developers to freely build and develop games without concerns about performance and efficiency issues.

What is the XAI Token?

• XAI Token Key Metrics
  • Token name: XAI.
  • Ticker: XAI.
  • Blockchain: Arbitrum One.
  • Contract: 0x4Cb9a7AE498CEDcBb5EAe9f25736aE7d428C9D66.
  • Token type: Utility, Governance.
  • Total Supply: 2,500,000,000 XAI.
  • Circulating Supply: 277,118,150 XAI.
• XAI Token Use Cases
  Holders of the XAI token have the following benefits:
  • Participate in governance and voting.
  • Pay transaction fees on the XAI network.
  • Participate in staking activities.
• XAI Token Allocation
  The XAI token allocation is as follows:
  • DAC and nodes: 42.09%
  • Investors: 20.79%
  • Team: 20%
  • Ecosystem: 7.5%
  • Community: 5%
  • Binance Launchpool: 3%
  • Reserve: 1.62%

XAI Token Release Schedule
Below is the release schedule for XAI tokens:

XAI Token Sale
On January 5, 2024, Binance Launchpool will list the first token of 2024, XAI. Specifically, users can stake BNB, FDUSD, and TUSD to receive XAI (up to 4 days).
The allocation of XAI for each pool is as follows:

• BNB pool: 60,000,000
• XAI FDUSD pool: 7,500,000
• XAI TUSD pool: 7,500,000 XAI

Roadmap and Updates
Below is the roadmap of the XAI team for 2024:

Q1/2024

• Conduct airdrop for the community.
• Launch mainnet.
• Launch staking on the XAI platform.

Q2/2024

• Integrate other game titles including Final Form and MIX game into the XAI network.

Q3/2024

• Integrate the game LAMOverse.

Project Team, Investors, and Partners

Project Team
The XAI project is the product of two teams: XAI Foundation and Offchain Labs. Currently, the XAI Foundation team remains anonymous, so here are the members from Offchain Labs:

• Steven Goldfeder: Co-Founder and CEO at Offchain Labs. He has previously worked at several large multinational companies such as Microsoft and Google.
• Harry Kalodner: Co-Founder and CTO at Offchain Labs. Before joining Offchain Labs, he was an engineer at Apple and several universities in New England.

Investors
XAI has raised 10 million USD through three rounds of private sales, with prices of 0.01 USD, 0.032 USD, and 0.035 USD respectively. However, the timing and the investors participating in the private sales have not been disclosed.

Partners
Currently, the XAI project has many significant partners in the gaming sector, ranging from Web3 to Web2. Some notable projects include Team Secret - a leading global Esports organization, Thirdweb, and Paima Studios.