Ramazan Eles 
Xai (XAI) is a blockchain platform focused on gaming and built on the Arbitrum (ARB) network. As the first Layer-3 blockchain in the Arbitrum ecosystem, Xai aims to bridge traditional gamers to the Web3 world. Xai achieves this by eliminating the need for direct interaction with a cryptocurrency wallet, providing developers with a scalable, efficient platform supported by token incentives.
On the Xai platform, users can own in-game items as NFTs and trade them to generate income. By removing the necessity of directly interacting with a crypto wallet, Xai becomes extremely user-friendly and appealing to traditional gamers who might find blockchain technology intimidating. Developers also benefit from Xai’s high scalability and stability, allowing them to offer an enhanced gaming experience.
XAI Token Project
XAI token is the native cryptocurrency of the Xai platform. The XAI token serves three main functions: 1) Paying gas fees, 2) Rewarding validator nodes for verifying transactions, 3) Facilitating the buying and selling of in-game items.
In addition to these functions, XAI token holders can also earn staking rewards. XAI is currently considered one of the top gaming tokens in the market.
Who Are the Founders of the Xai Project?
Xai (XAI) was developed by Offchain Labs, a team that has been working in the blockchain space since 2018. The founders of Offchain Labs are Ed Felten, Steven Goldfeder, and Harry Kalodner.
Ed Felten, among these three names, stands out as a leading computer expert in the United States. Felten previously served as Deputy Chief Technology Officer at the White House Office of Science and Technology Policy during the administration of former President Barack Obama.
XAI Token Statistics
The maximum supply of XAI tokens is set at 2.5 billion tokens. The total supply of XAI tokens, at the time of writing, is 1,007,924,352 tokens.
How Does the Xai Blockchain Work?
The cornerstone of Xai’s innovation is the AnyTrust protocol, a variant of Arbitrum Nitro technology developed by Offchain Labs. AnyTrust manages data availability with a flexible trust assumption, ensuring robust data security while significantly reducing costs. This approach addresses issues such as gas fees, unstable blockchains, and complex game designs on the blockchain.
A critical component of Xai is the Sentry Nodes, which play a vital role in maintaining the integrity of the Xai network. These observer nodes alert the network if a wrong block is proposed. These nodes, running on laptops, desktops, or cloud systems, contribute to network security and earn token rewards in return.
What Makes the Xai Project Unique?
Today, the video game industry is one of the largest sectors in technology. Many game companies are trying to integrate their games into the Web3 ecosystem by leveraging blockchain technologies. However, this integration brings challenges such as scalability. Additionally, as these projects involve cryptocurrencies, players need to be familiar with using a crypto wallet and understanding digital currencies. These are seen as barriers to fully integrating the video game industry with blockchain technology.
Xai offers innovative solutions to these challenges. The most significant innovation provided by this scalable blockchain is the elimination of the need to interact directly with crypto wallets. Xai manages cryptocurrency wallets on behalf of the player, seamlessly integrating this mechanism into the gaming experience, thus removing the obstacles traditional gamers face.
XAI Token Price
The all-time high XAI token price was recorded at $1.22 on January 17, 2024. The lowest XAI token price was $0.4531 on January 10, 2024.
How to Buy XAI Token?
XAI tokens can be easily purchased on reputable cryptocurrency exchanges like Bitlo. You can trade XAI with fiat currencies such as Turkish lira, US dollar, or euro. After verifying your Bitlo account, you can securely conduct buy and sell transactions with Turkish lira.
Where to Buy XAI Token?
You can securely buy and sell XAI tokens, among others, with Turkish lira on Binance, one of Turkey’s well-established cryptocurrency exchanges.
XAI Token Review
Xai (XAI) offers an innovative solution to the ever-growing gaming industry, which increasingly needs Web3 integration. The solutions provided by Xai help traditional gamers adapt to the blockchain world. In this regard, XAI token can be considered a promising cryptocurrency.
Frequently Asked Questions About XAI (XAI)
What is XAI?
Xai (XAI) is a gaming-focused Web 3 blockchain platform.
Which Networks Does XAI Operate On?
Xai (XAI) is a Layer-3 blockchain based on Arbitrum (ARB).
Where Is XAI Token Used?
XAI Token is used for securing the blockchain and trading in-game items.
Is XAI Mined?
XAI is not a mineable cryptocurrency.
What Is the Total Supply of XAI?
The total supply of XAI is 1,007,924,352 tokens