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GLOBAL – Binance, one of many world’s main cryptocurrency exchanges, has formally listed a brand new gaming blockchain token named Xai (XAI) at this time. Xai, which operates on the Arbitrum community, goals to revolutionize web3 gaming by facilitating in-game merchandise trades with out the need for crypto wallets.
The itemizing of Xai follows its current inclusion in Binance’s Launchpool, a platform that enables customers to stake their tokens for rewards, the place it was featured from final Thursday to Sunday. With the itemizing now full, merchants can have interaction with Xai via varied buying and selling pairs, together with XAI/BTC and XAI/USDT, enhancing the token’s accessibility to the market.
Xai’s introduction to the Binance ecosystem shouldn’t be restricted to identify buying and selling. The alternate has expanded the token’s presence by incorporating it into its Futures platform. Merchants now have the chance to interact in Xai’s new Perpetual Contract, which provides as much as 50x leverage, probably amplifying the outcomes of their trades. Moreover, Xai is now a part of Binance’s Margin service, giving merchants extra instruments to work together with this asset.
The token itself is designed with a governance facet, permitting holders to have a say sooner or later improvement of the platform. With a most token provide capped at 2.5 billion, Xai units out to democratize the gaming area throughout the web3 surroundings, a sector that continues to develop as blockchain know-how turns into extra intertwined with gaming.
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