© Reuters
GLOBAL – Binance, one of the world’s leading cryptocurrency exchanges, today officially listed a new gaming blockchain token named Xai (XAI). Xai, which runs on the Arbitrum network, aims to revolutionize web3 gaming by making it easier to trade in-game items without requiring crypto wallets.
Xai’s listing follows its recent inclusion in Binance’s Launchpool, a platform that allows users to stake their tokens for rewards, where it was featured from last Thursday to Sunday. Now that the listing is complete, traders can engage with Xai through various trading pairs, including XAI/BTC and XAI/USDT, improving the accessibility of the token in the market.
Xai’s introduction to the Binance ecosystem is not limited to spot trading. The exchange expanded the token’s presence by incorporating it into its futures platform. Traders now have the opportunity to engage in Xai’s new perpetual contract, which offers up to 50x leverage, potentially amplifying the results of their trades. Additionally, Xai is now part of Binance’s margin service, giving traders more tools to interact with this asset.
The token itself is designed with a governance aspect, allowing holders to have a say in the future development of the platform. With a maximum token supply capped at 2.5 billion, Xai aims to democratize the gaming space within the web3 environment, an industry that continues to grow as blockchain technology becomes more closely intertwined with game.
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