XAI Goes Beyond DeFi: Staking v1 Launches on Arbitrum L3, Bringing AI to Gaming (Next Week)

  • XAI’s token staking system launch boosts its market with a 23.24% surge in trading volume.
  • The market cap rose 4.4%, with XAI price hitting $1.6 after a bullish turn.
  • Positive sentiment grows as XAI integrates with Arbitrum, promising enhanced gaming.

XAI, a Layer 3 gaming product built to operate on the Arbitrum chain, has alerted its community to the upcoming token staking system for its XAI symbols. The first version (v1) will be released next week, while the second version (v2) is supposed to be launched in March. This development heralds a monumental step in providing an unparalleled environment for the gaming ecosystem on Arbitrum.

The XAI token staking system is designed to simplify usability for players in the Arbitrum ecosystem. Players have become a part of the ecosystem with an improved and even more efficient way to earn. Arbitrum applies scalable technology on Layer 2, and therefore, Ethereum can process more transactions in less time while allegedly doing so cheaper. XAI’s gaming solution is an integral component of the platform’s ecosystem, and its integration signifies an important milestone in the platform’s innovation and growth.

What This Means for Users

The launch of the XAI token staking systems v1 and v2, leveraging smart contracts, are the major developmental updates unveiled to provide users with an enriched gaming experience. With the Arbitrum ecosystem growing, initiatives of this type have become one of the important factors generating room for further economic development and widening the user base. The community of gamers, together with other participants of the Ethereum network, will benefit from this improved user-friendly interface.

The introduction of the XAI token staking system is fully designed to create a proportional effect on the Arbitrum gaming ecosystem. By facilitating a more uninterrupted user journey and collaborating with other players to improve the platform, XAI is course-plotting for future Layer 2 gaming solutions.

XAI Market Reaction

The XAI market has since reacted to the token-staking news by experiencing a significant increase in trading volume and price. The market started the day with bearish sentiments but quickly turned bullish as investors showed renewed interest in the project due to the potential rewards from staking their tokens. 

This surge increased XAI‘s 24-hour trading volume by  23.24% to $151,989,725. The market cap also saw a notable increase, rising by 4.4% to $151,989,725. The market faced resistance at $1.6, where the bears took control, dipping the price to an intra-day low of $1.4. However, the bulls regained control, with the market trading at $1.55 at press time, a 0.54% surge from the support level.

XAI/USD 24-hour price chart (source: CoinStats)

The positive momentum is expected to continue as more investors learn about the benefits of token staking and its impact on the project’s ecosystem. Investors eagerly anticipate further developments in the project that could drive the price even higher. The positive market sentiment surrounding XAI will likely attract more attention as the launch nears.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Comments

Post a Comment

Popular posts from this blog

Tron rising as Rebel Satoshi’s Early Bird presale phase sells out

Rebel Satoshi presale ongoing.  Supporters bullish on RBLZ  TRON could soar to $0.2 in 2024. Tron (TRX) is on a tear, but some analysts are still skeptical. Amid this, Rebel Satoshi (RBLZ), a new crypto project, has caught the attention of investors. Rebel Satoshi draws investors Rebel Satoshi has been attracting investors with its unique blend of a meme coin and a movement focused on reshaping the crypto landscape.  As investors seek alternatives to underperforming assets, they are drawn to Rebel Satoshi’s narrative and Features . At the heart of Rebel Satoshi lies RBLZ, a governance and membership token. You might also like: Analysts focus on Rebel Satoshi, Shiba Inu, and Zcash ahead of crypto bull run Holding RBLZ grants a stake in the movement and provides access to quests, rewards, and a community dedicated to shaping a fully decentralized crypto future. The early stages of Rebel Satoshi’s public presale have seen over 10 million tokens sold within just 48 ho
Read more

Rebase Tokens: What Are They & How Do They Work?

Image
If you're interested in cryptocurrency, you've probably noticed that the price of many digital assets can be highly volatile. This can make it challenging to use cryptocurrency as a means of exchange or as a store of value. Rebase tokens, also known as elastic tokens, seek to offer a solution to this problem.  In this article, we'll explore what rebase tokens are, how they work, and whether or not they might be a good investment for you.  What Are Rebase/Elastic Tokens? Rebase tokens are a type of cryptocurrency that adjusts their supply to maintain price stability. This is in contrast to traditional cryptocurrencies, which have a fixed supply determined at the time of their creation. Rebase tokens achieve price stability through a process known as a "rebase," which is triggered at regular intervals (e.g., every 24 hours). During a rebase, the supply of the token is adjusted based on a predetermined formula.  For example, if the demand for a re
Read more

Lloyds Bank issues urgent warning of crypto scams in the UK

Image
A recent press release issued by Britain’s Lloyds Bank shares that crypto scams that have surged 23% over the course of the year. Young investors between the ages of 25 and 34 years old are said to be the most prevalent target for these attacks. Social media home base The press release goes on to report victims of crypto investment scams are facing an average loss of £10,741, marking an increase from the previous year’s £7,010.  Additional data goes on to state that 66% of all investment scams originate on social media platforms, with Instagram and Facebook emerging as the primary sources. You might also like: Kraken helps UK police in recovering $2m in stolen crypto Crypto investors were then said to make an average of three payments before realizing they were involved in a scam, meaning that it would often take 100 days from the date of the first transaction before a report was issued to the bank. Unfortunately, by the time it was, Lloyds shares that the money is ty
Read more