Binance, the top global cryptocurrency exchange, is planning to list an upcoming gaming altcoin via its Launchpool platform.
Binance Launchpool allows users to stake coins to farm new assets, and the platform's 43rd project will be the Xai (XAI) blockchain, which the exchange plans to list on January 9.
Between January 5th and January 9th, Binance users can stake BNB as well as stablecoins First Digital USD (FDUSD) and TrueUSD (TUSD) in separate pools to farm XAI tokens.
Binance says it will attach a seed tag to XAI, which the exchange applies to projects with low liquidity that may exhibit higher volatility compared to other listed tokens. Binance requires users who own tokenized assets to pass checks every 90 days to ensure they are aware of the risks before trading tokens.
XAI represents the first layer-three project in the Arbitrum (ARB) ecosystem, according to a stock exchange research report on the project.
The XAI network is open and decentralized and aims to provide players with a way to trade in-game items in their favorite titles without having to interact with cryptocurrency wallets.
The project plans to have a maximum token supply of 2.5 billion XAI. More than 11% of this total will make up the initial circulating supply of the token.
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