Xai (issuing project) Protocol · first-class entity story

Xai is a gaming-focused Layer-3 blockchain built on Arbitrum, described as the first Layer-3 in the Arbitrum ecosystem. It runs as an Arbitrum Orbit chain using AnyTrust technology and aims to let traditional gamers trade in-game items without directly handling crypto wallets. Its XAI token launched via Binance Launchpool in January 2024. Role: Arbitrum-based gaming Layer-3 blockchain with the XAI token.. Founding context: Built as an Arbitrum Orbit chain leveraging AnyTrust technology; the project raised roughly $10 million across three fundraising rounds at token prices of $0.01, $0.032 and $0.035 per XAI before its January 2024 token launch.. Ecosystem function: Provides dedicated blockchain infrastructure for web3 games on Arbitrum, abstracting wallets and gas for mainstream gamers and enabling open trading of in-game items; XAI serves as the network's gas and ecosystem token.. Key dated events: 2024-01-03 — Binance announced Xai (XAI) as its 43rd Launchpool project, letting users farm XAI by staking BNB, FDUSD and TUSD, and describing Xai as the first Layer-3 gaming chain in the Arbitrum ecosystem.; 2024-01-09 — XAI was listed for spot trading on Binance with pairs including XAI/USDT, XAI/BTC and XAI/BNB; circulating supply at listing was about 277 million of a 2.5 billion maximum supply..