XAI – a new cryptocurrency for gamers that may be a hit

Exchanging and selling items in games is sometimes difficult, especially since it is not known how to settle it. Blockchain and the XAI token were created precisely so that users did not have to worry about this. They don't even need to know the basics of computer science or coding to easily set up a wallet and settle transactions with other players using any cryptocurrency. The XAI token has just successfully debuted on Binance cryptocurrency market.

We continue the series of the Forex Club portal, in which we analyze and describe the largest, highest valued, most interesting, most developed, advanced, and most controversial cryptocurrency projects around the world. Today it's time for XAI - a gaming token that could be a hit.

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What is Xai (XAI)?

Xai is the first layer 3 blockchain that was created specifically for gaming. It uses Arbitrum technology, but its main message is to focus primarily on the simplicity of management from the user's side. The principle of operation is that blockchain technology is to be completely unnoticeable, and players are not even supposed to think about it. Just use.

What's the point of all this? The entire project is aimed primarily at players who trade or exchange valuable items in games. However, this is not always possible and often not easy. Thanks to XAI, such transactions can be made quickly, easily and safely.

The system was developed by Offchain Labs and is supervised by the Xai Foundation. It is also fully decentralized, which promotes trust and transparency.

What is the XAI token used for?

The XAI token is the only cryptocurrency in which fees are paid for online activities. It can also be exchanged for esXAI (escrowed XAI) tokens, which provides greater benefits. Thanks to this, you can have larger rewards, network management rights, and even access to limited series of NFTs. In practice, stock exchanges do it automatically, i.e. it is enough to stake XAI to receive interest, which we share with the stock exchanges. By doing it ourselves, we will of course earn more, and esXAI can be exchanged for XAI and vice versa at any time.

How does XAI work?

Xai is constantly being developed with the help of Offchain Labs, the creators of the platform Arbitum, who collected USD 10 million from investors for its start-up. The main network has been operating since January 9, 2024, and the following games have been launched and will be launched along with it: Final Form, LAMOverse, Tarochi or Web3 Warriors. All already existing ones can also participate in this project.

XAI provides players with a cryptocurrency wallet that provides users with greater security and flexibility. They can group transactions or pay with any tokens.

Future technology – nodes predict the future

The heart of the project are the so-called Sentry Nodes, i.e. nodes that constantly monitor the Xai rollup protocol, but do not do it in real time, but... even anticipate it. Interestingly, they operate not only in the cloud, but also on desktop computers and laptops, ensuring security thanks to an innovative probabilistic algorithm and raising the alarm before any irregularities occur. This is done by being able to predict the next Root state before the current computation is completed. Therefore, it is not a reactive error detection, but a proactive action that certainly distinguishes this blockchain.

XAI cryptocurrency quotes

Currently, the XAI cryptocurrency can be purchased on 25 cryptocurrency exchanges, including the largest in the world - Binance. As of January 16, 2024, 277 of the target 118 units are in circulation. Each of them costs USD 150, which translates into a capitalization of over USD 984 million. The peak of the quotations took place on January 486, 851, during the recent debut, when XAI was paid for up to USD 1,11 for a while.