I came across a new project named XAI and I saw it on Binance. I researched about it and I think I am already interested in the project. I will share about the project in this blog and then if you find it interested you can further research and decide if you want to invest in the project or not. These are actually my early research views on this project but surely has some important details about the project.
So XAI is a layer 3 blockchain built on top of arbitrum ecosystem which is a layer 2 solution for Ethereum blockchain. Currently the circulating supply is 277,118,150 coins that makes the market cap for this coin worth 235 million dollars. It is a gaming token and there will be games that will be launched on top of this blockchain in coming months. The total supply of this coin is 2.5 billion and by 2029 all of them will slowly get unlocked.
I was checking the chart for this token and when I checked it at 4h time frame I saw it making higher lows. check the screenshot in below!
So with XAI you can develop games and there are already games that are under development on this blockchain. You can go on and check their website to learn about the games that are being developed there. You can also start a node there and earn XAI tokens but it will initally cost you around 1.2 ETH ( AETH ) and on top of that you must also have a server where you will run the node so if you are someone who is into running nodes check that out as well.
The above link will take you to the page where the first game is getting developed named Final form. I am actually impressed and I think I will buy this coin in portions. I have bought some already and will buy more at 70-75 cents and if it goes even down further I will get a final lot for myself. 30,20,50 is what my ratio will be for this coin.
This is a Binance LP coin and hence it has a upper hand with LP historical performace of the coins as well. DYOR and see if you want to buy this coin or not.
Thank you
