Binance Ushers in New Gaming Era with $XAI on Arbitrum Layer 3

Innovative Step in Decentralized Gaming

In a significant development for the blockchain industry, Binance is spearheading a new venture in the gaming sector with its $XAI project. This project represents the first Layer 3 initiative within the Arbitrum ecosystem, aiming to transition traditional gamers to the world of web3 gaming.

Tackling Gaming Challenges

Binance's foray into Layer 3 technology through $XAI addresses critical challenges in the blockchain gaming sector. Key among these is the issue of scalability. With Layer 3, the platform can accommodate potentially hundreds of millions of users without compromising on interoperability, composability, and security.

Addressing Gas Fees and Wallet Interactions

$XAI also innovatively addresses the persistent issue of high gas fees in blockchain gaming. Through a unique gas subsidy contract, it effectively eliminates these costs, thereby reducing barriers for players and fostering a more vibrant gaming ecosystem. Additionally, $XAI simplifies wallet interactions, integrating them into the gaming experience's backend and managing them for players, thus easing the transition for traditional gamers into the blockchain space.

Ensuring Network Reliability

The reliability of the $XAI blockchain network is bolstered by AnyTrust technology and optimized smart contract execution. These measures ensure a stable and dependable gaming environment for users.

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XAI’s Role in the Binance Ecosystem

$XAI has successfully completed three rounds of financing, raising $10MM at increasing per-unit prices. As of January 3rd, 2023, XAI's maximum supply is capped at 2,500,000,000, with 277,118,150 (11.08%) already in circulation. Operating as an Arbitrum Orbit chain, $XAI uses AnyTrust technology for enhanced speed and efficiency and receives direct support from Offchain Labs.

Unique Features of XAI

The Sentry Node, a critical component of the $XAI ecosystem, plays a vital role in maintaining the integrity of the XAI rollup protocol. Its primary function is to monitor the network and alert to any invalid blocks, thus solving the verifier's quandary.

$XAI, the native gas token of the network, can be exchanged for esXAI, which in turn can be staked for various utilities including enhancing yield, accessing special events and NFTs, and participating in governance rights through the DAO/Foundation treasury.

Arbitrum Orbit's Layer 3 Innovation

Arbitrum Orbit, the platform for developing Layer 3 blockchains atop Ethereum's Layer 2 network Arbitrum, has recently introduced the capability for these blockchains to use ERC-20 tokens as gas tokens. This addition allows Orbit chains more flexibility and utility in their ecosystems.