Buy Xai (XAI)

Xai is a blockchain platform that aims to bring traditional gamers into the world of blockchain gaming. There are currently over 3 billion gamers worldwide, but only a small portion are involved in blockchain gaming. The complexity of using blockchain is often seen as the main reason for not entering the world of decentralized gaming.

Xai tackles some of the biggest obstacles in the blockchain gaming industry, such as high transaction fees, network instability, and the complexity of blockchain technology. By addressing these issues, Xai provides a smooth and cost-effective gaming experience. The platform enables trading in-game items without crypto wallets, allowing gamers to buy, sell, and trade in-game items without any additional steps or fees.

The platform is built on Arbitrum Orbit, an extension of Arbitrum’s layer 2 technology, and acts as a layer 3 solution specifically geared towards gaming. Xai leverages unique technologies such as fee-free transactions and wallet-less interactions, making it easier for gamers to participate without the complexity of traditional blockchain applications.

The Xai ecosystem runs on the XAI token. This token is used for network fees and in-game payments. The maximum supply is 2.5 billion tokens. The token supports various functions within the platform. In addition, there is the esXAI token. This rewards Sentry Node operators for securing the network. These operators can stake their esXAI tokens for additional rewards and exclusive benefits within the Xai ecosystem.

Xai also provides an environment where developers can create games that take advantage of the benefits of blockchain technology without being hampered by the complexities of decentralized technology. There are currently five games available or in development on the Xai platform: Final Form, LAMOverse, Carnivale, Tarochi, and Kashi.

Who founded Xai?

Xai is developed by Offchain Labs, the company behind Arbitrum. Offchain Labs consists of a team of experienced professionals from the blockchain and gaming industry. The core team of Xai remains anonymous, but the project is supported by prominent names in the blockchain world such as Animoca Brands and Enjin. The involvement of these well-known companies provides a solid foundation and significant experience within the team, which strengthens the development and growth of the Xai platform.

Xai offers several applications and features for both end users and developers:

• Trading in-game items: Gamers can buy, sell, and trade in-game items without a crypto wallet. This makes it easier for traditional gamers to use blockchain games.
• Fee-free transactions: Thanks to gas-free transactions, users do not have to pay extra fees to perform actions in games. This makes for a smoother and cheaper gaming experience.
• Staking esXAI: Sentry Node operators can stake their esXAI tokens to earn extra rewards and gain access to exclusive events and NFTs within the Xai ecosystem.
• Developing blockchain games: Developers can take advantage of Xai's scalable and low-cost infrastructure to create blockchain games.
• Participate in decision-making: Users who stake esXAI gain voting rights within the platform's governance, allowing them to contribute to important decisions and influence the future of the network.

Xai is a layer 3 blockchain platform built on Arbitrum Orbit, which in turn is an extension of the Arbitrum layer 2 rollup. While Arbitrum offers layer 2 solutions to optimize scalability and transaction fees on the Ethereum blockchain, Xai goes a step further by introducing specific features for gaming. These include fee-free transactions and increased limits for smart contracts, allowing developers to build more complex games. These more complex games should attract new users to the Xai platform.

Sentry Nodes and Sentry Keys

Sentry Nodes are an important part of the Xai Network as they contribute to the security and decentralization of Xai. Users can set up Sentry Nodes on their own hardware or in a cloud environment. These nodes create blocks and verify that the block creation is done correctly. For their efforts, operators receive rewards in the form of esXAI tokens. To manage a Sentry Node, users need Sentry Keys. These are digital credentials that are required to run a node within the network.

Dual token system: XAI and esXAI

The Xai ecosystem uses two tokens: XAI and esXAI. XAI is the tradable token used for transaction fees and in-game payments. It has a maximum supply of 2.5 billion tokens. In addition, there is esXAI, which is a non-transferable token used to reward Sentry Node operators. These tokens can be staked to earn additional rewards and provide access to special benefits within the Xai ecosystem. The esXAI token can also be converted to XAI on a 1:1 basis.

Game development on Xai

Xai has developed a special environment optimized for building games. Developers can use it to build blockchain games and take advantage of the benefits of blockchain technology, such as NFTs, decentralized marketplaces, and tokens. At the same time, they don’t have to worry about the more complex technology that blockchain brings with it. This should make blockchain game development more accessible to a larger group of developers.

The XAI token is the native token of the Xai ecosystem and is used to pay transaction fees within the network, purchase in-game items, and as a reward for network participants. Through these functions, XAI enables users to participate in the Xai platform without relying on traditional fiat currencies.

The maximum supply of XAI tokens is set at 2.5 billion. 50% of the total supply is allocated to the community, including Sentry Node operators, users, and ecosystem supporters. 20% of the tokens are reserved for the core team and early contributors, with a vesting period of 42 months to ensure long-term commitment. Investors in early funding rounds received 22.41% of the total supply, with a vesting period of 30 months. 7.5% of the tokens are reserved for market makers and ecosystem development, and will be gradually released after six months.

In addition to the XAI token, there is the esXAI token, which is used to reward Sentry Node operators. EsXAI tokens can be staked for additional rewards and access to exclusive benefits within the platform.

Staking XAI is a process where users stake XAI tokens to earn additional rewards. To start staking, a user must earn XAI tokens by contributing to the security of the network through Sentry Nodes. Once the XAI tokens are received, they can be staked through the XAI platform's staking interface.

Staking XAI offers multiple benefits, including increased yield, access to special events and NFTs, and voting rights within the platform’s governance. By staking their XAI tokens, users can increase their involvement in the network and enjoy higher returns on their investment.

Xai has several unique features that set it apart:

• Fee-free transactions: Users can make transactions without paying gas fees, making for a simple and low-cost gaming experience.
• No wallet required: Xai eliminates the need for wallets, making it easier for traditional gamers to participate in blockchain gaming.
• Arbitrum Orbit technology: Xai builds on Arbitrum’s layer 2 solutions, allowing it to offer additional scalability and gaming-specific features.
• Extensive development environment: Xai provides developers with the tools and infrastructure to create games with minimal complexity while still taking advantage of the benefits of blockchain technology.
• Strong partnerships: Xai is backed by big names such as Animoca Brands and ENJIN, giving it access to additional resources and expertise.

At Bitvavo you can buy Xai (XAI). Our platform is suitable for both beginners and experienced traders. Follow these steps to buy XAI tokens via our website or app:

1. Log in to your Bitvavo account or create a new account.
2. Add funds to your account by clicking "Deposit".
3. Go to the Xai (XAI) purchase page.
4. Enter the amount in euros you want to spend or the number of XAI coins you wish to purchase and click "Buy".

After your purchase, the XAI tokens will be automatically added to your Bitvavo account where you can easily manage and trade them. Selling XAI coins is just as easy, allowing you to react quickly to market changes.

You can safely store your XAI tokens in your Bitvavo account. Bitvavo keeps the majority of assets in cold storage, which means they are kept offline for extra security. For an extra layer of security, we recommend enabling two-factor authentication (2FA).

Many software and hardware wallets support XAI. After purchase, you can easily transfer your XAI tokens to an external wallet by linking the wallet address to your Bitvavo account. This gives you full control over your cryptocurrencies and increases the security of your digital assets.