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Binance Launchpool says Xai (XAI) is the 43rd project to join.

Binance is growing a lot, and now they are introducing XAI. In 2023, Binance gained 40 million new users, which is 30% more than the year before.

Binance, a big cryptocurrency exchange, has introduced Xai (XAI) as the 43rd project on its Launchpool. This new thing is a gaming system that works with a blockchain called Arbitrum. It’s the first project of its kind to work on the Ethereum-based scaling solution.

Earning XAI Tokens from farming

Beginning on January 5th at midnight, people can put their BNB, FDUSD, and TUSD into different pools to earn XAI tokens for four days. This is a great chance for crypto fans to join in and help Xai grow.

After the farming period, Binance will add XAI to its list on January 9, 2024, at 10:00 UTC. You can trade XAI with different currencies like BTC, USDT, BNB, FDUSD, TUSD, and TRY. This action helps XAI have enough money and lets traders trade with different pairs of coins.

There can only be 2,500,000,000 XAI tokens. At the start of the Launchpool, about 11. 08% of all XAI tokens, which is 277,118,150 tokens, will be for sale. Additionally, 3% of all the tokens available, which is 75,000,000 XAI, will be given to users as rewards.

Binance is giving out rewards to users by keeping track of their accounts and the total amount in the reward pool every hour. This means that users will get rewards based on how much money they have in their bank account each hour. You can use the rewards you’ve earned whenever you want by putting them into your spot account. This gives you flexibility and lets you see the value right away.

Although the Launchpool seems exciting, it’s important to know that not everyone can participate based on where they live. Users need to confirm their account and be from an approved area to earn XAI.

Binance is growing.

XAI is being introduced while Binance is growing a lot. By the end of 2023, Binance said they had 40 million new users, which is 30% more than last year.

The company now has more than 170 million registered users who have confirmed their identities using the Know Your Customer (KYC) feature. Binance has 431 different digital currencies available for trading, and a total of 1,785 pairs to trade them in. Also, the platform supports 112 different types of money and makes it easy to switch between digital currencies.

Even though there are rules and laws to follow in the United States, Changpeng ‘CZ’ Zhao, the person who started Binance, is still having a big impact in the financial industry. As of December 27, 2023, CZ is the 35th richest person on Bloomberg’s Billionaires Index with a total of $36. 2 The report says that even though he had some trouble with rules last year, his money went up by about $20 billion. This shows that Binance’s leaders have done well even when facing tough problems from outside.

In general, Binance adding XAI to its Launchpool gives users a chance to stake their coins and shows that Binance likes to support new and creative projects.

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