Buy Crypto
Markets
Exchange
Futures
Finance
Promotion
More
Newcomer Zone
Log In

What Is XAI and How to Buy XAI Tokens?

2024-06-13 06:28:05

The XAI token represents a cutting-edge advancement in the crypto space, offering a comprehensive suite of features and functionalities. As the native token of the XAI project, it plays a vital role in powering the ecosystem and facilitating various transactions and interactions within the platform.

With a robust tokenomics model, XAI ensures stability and growth, attracting investors and users alike. Its innovative functionalities and seamless integration make it a standout player in the crypto ecosystem, poised to make a significant impact and drive forward the evolution of decentralized finance.

XAI token

What is Xai (XAI)?

XAI, short for eXtended Arbitrum Integration, is a revolutionary cryptocurrency token designed to facilitate real economies and open trade in the next generation of video games. Developed by Offchain Labs leveraging Arbitrum technology, XAI aims to redefine the gaming industry by enabling potentially billions of traditional gamers to own and trade valuable in-game items seamlessly across different games and platforms.

XAI marks a significant departure from traditional gaming environments, where in-game items are often confined within closed ecosystems. With XAI, gamers can transcend these limitations, gaining ownership and trade opportunities for their favorite in-game assets without the need to use crypto wallets. This accessibility opens doors to a vast audience previously untouched by the world of cryptocurrencies.

One of the key features of XAI is its emphasis on decentralization and community participation. Through the operation of nodes, individuals can actively support the XAI network while earning network rewards. Additionally, XAI holders have the opportunity to participate in governance decisions, shaping the future direction of the network.

Features of XAI

XAI boasts several noteworthy features that distinguish it within the cryptocurrency space:

  1. Real Economies and Open Trade: XAI enables the creation of real economies within virtual gaming environments, fostering open trade and ownership of in-game assets across diverse gaming platforms.
  2. Accessibility: By eliminating the requirement for specialized crypto-wallets, XAI broadens accessibility to the world of cryptocurrency, allowing traditional gamers to seamlessly participate in decentralized gaming economies.
  3. Community Governance: XAI places a strong emphasis on community governance, empowering token holders to actively participate in decision-making processes that shape the evolution of the network.
  4. Incentivized Participation: Individuals can contribute to the integrity and security of the XAI network by operating nodes, which in turn, entitles them to receive network rewards, incentivizing active participation and contribution.

Application/Utilities

The application and utilities of XAI extend beyond the gaming sector. While its primary focus lies in facilitating in-game transactions, the underlying principles of XAI hold promise for various other industries and applications. Some potential utilities of XAI include:

  • Decentralized Finance (DeFi): XAI's decentralized nature makes it conducive for use in decentralized finance applications, such as lending, borrowing, and trading financial assets without the need for intermediaries.
  • Supply Chain Management: The transparency and immutability provided by blockchain technology, upon which XAI is built, can enhance supply chain management processes, ensuring the authenticity and traceability of products throughout the supply chain.
  • Digital Collectibles: Beyond gaming, XAI can facilitate the ownership and trading of digital collectibles, such as art, music, and virtual goods, providing creators and collectors with a secure platform for exchange.
  • Tokenization of Assets: XAI has the potential to tokenize real-world assets, such as real estate, commodities, and intellectual property, enabling fractional ownership and efficient transfer of value.

XAI Tokenomics

XAI Tokenomics
XAI Token Allocation

How to Buy and Trade XAI Tokens on CoinEx?

CoinEx is a global cryptocurrency exchange, trusted by 6+ millions of users worldwide with 100% reserve. With its 1000+ tokens supported, including XAI, users can now trade easily and seamlessly. To purchase and trade XAI tokens on CoinEx, users can follow these steps:

  1. Create an Account: Start by signing up for a CoinEx account. 
  2. Deposit Funds: After logging in, deposit funds into your CoinEx account using any supported cryptocurrencies or deposit methods available on the exchange. Having funds in your account enables you to execute trades seamlessly.
  3. Navigate to XAI Trading Page: Once your account is funded, navigate to the dedicated XAI trading page on CoinEx. You can locate XAI trading pairs on the spot trading page using a search box and enter the term “XAI” to find the associated pairs.
  4. Choose a Trading Pair: Select the trading pair XAI/USDT to trade XAI against XAI (Tether).
  5. Specify the Purchase Amount: The next step is to specify the number of XAI you wish to buy. You have the option to either buy them at the current market price or set a limit for your desired buying price on the trading page.
  6. Execute the Trade: With the specified amount, proceed to execute the trade. Confirm the details, and if you are satisfied, submit the order. 

By following these comprehensive steps, you can easily trade XAI tokens on CoinEx, taking advantage of the available trading pairs.

In conclusion, XAI represents a pioneering approach to facilitating real economies within the gaming industry, offering unprecedented opportunities for gamers to own and trade in-game assets. With its unique features and inclusive design, XAI is poised to make a significant impact on the future of gaming and blockchain technology.

Prev
How Shiba Inu Would Benefit from the Shibarium Bridge Upgrade
Next
What Is Heroes of Mavia and How to Buy MAVIA Tokens?