Binance adds gaming blockchain token Xai with leverage options By Investing.com

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GLOBAL – Binance, one of the world’s leading cryptocurrency exchanges, has officially listed a new gaming blockchain token named Xai (XAI) today. Xai, which operates on the Arbitrum network, aims to revolutionize web3 gaming by facilitating in-game item trades without the necessity for crypto wallets.

The listing of Xai follows its recent inclusion in Binance’s Launchpool, a platform that allows users to stake their tokens for rewards, where it was featured from last Thursday to Sunday. With the listing now complete, traders can engage with Xai through various trading pairs, including XAI/BTC and XAI/USDT, enhancing the token’s accessibility to the market.

Xai’s introduction to the Binance ecosystem is not limited to spot trading. The exchange has expanded the token’s presence by incorporating it into its Futures platform. Traders now have the opportunity to engage in Xai’s new Perpetual Contract, which offers up to 50x leverage, potentially amplifying the outcomes of their trades. Additionally, Xai is now part of Binance’s Margin service, giving traders more tools to interact with this asset.

The token itself is designed with a governance aspect, allowing holders to have a say in the future development of the platform. With a maximum token supply capped at 2.5 billion, Xai sets out to democratize the gaming space within the web3 environment, a sector that continues to grow as blockchain technology becomes more intertwined with gaming.

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