Binance, one of the world’s leading cryptocurrency exchanges, has officially listed a new game blockchain token called Xai (XAI) today. Xai, which operates on the Arbitrum network, aims to revolutionize web3 gaming by facilitating in-game item trading without the need for cryptocurrency wallets.
The listing of Xai follows its recent inclusion in Binance’s Launchpool, a platform that allows users to stake their tokens to earn rewards, where it appeared from last Thursday until Sunday. Upon the completion of the listing, traders can engage with Xai through various trading pairs, including XAI/BTC and XAI/USDT, enhancing the token’s market accessibility.
The introduction of Xai into Binance’s ecosystem is not limited to spot trading. The exchange has expanded the token’s presence by adding it to its Futures platform. Traders now have the opportunity to engage in the new Xai Perpetual Contract, which offers leverage of up to 50x, potentially amplifying their trading outcomes. Additionally, Xai is now part of Binance’s Margin service, providing traders with more tools to interact with this asset.
The token itself is designed with a governance aspect, allowing holders to have a say in the platform’s future development. With a maximum token supply of 2.5 billion, Xai aims to democratize the gaming space within the web3 environment, a sector that continues to grow as blockchain technology becomes increasingly intertwined with gaming.