XAI Goes Beyond DeFi: Staking v1 Launches on Arbitrum L3, Bringing AI to Gaming (Next Week)

XAI, a Layer 3 gaming product built to operate on the Arbitrum chain, has alerted its community to the upcoming token staking system for its XAI symbols. The first version (v1) will be released next week, while the second version (v2) is supposed to be launched in March. This development heralds a monumental step in providing an unparalleled environment for the gaming ecosystem on Arbitrum.

$XAI staking v1 goes live next week🔥 https://t.co/ptXiOfuZ43

— Arbitrum Daily (💙,🧡) (@ArbitrumDailyTK) February 23, 2024

The XAI token staking system is designed to simplify usability for players in the Arbitrum ecosystem. Players have become a part of the ecosystem with an improved and even more efficient way to earn. Arbitrum applies scalable technology on Layer 2, and therefore, Ethereum can process more transactions in less time while allegedly doing so cheaper. XAI’s gaming solution is an integral component of the platform’s ecosystem, and its integration signifies an important milestone in the platform’s innovation and growth.

What This Means for Users

The launch of the XAI token staking systems v1 and v2, leveraging smart contracts, are the major developmental updates unveiled to provide users with an enriched gaming experience. With the Arbitrum ecosystem growing, initiatives of this type have become one of the important factors generating room for further economic development and widening the user base. The community of gamers, together with other participants of the Ethereum network, will benefit from this improved user-friendly interface.

$XAI Daily

Impressive performance so far for #xai 👏

An @arbitrum L3 Blockchain, world’s first Layer 3 solution for AAA gaming

Chart-wise, price has entered into price discovery hitting new ATHs every other day.

When the #gaming and/or $ARB ecosystem narrative starts to pop,… pic.twitter.com/SN0PADH6Iv

— Crypto Kindie (@CryptoKindie) February 23, 2024

The introduction of the XAI token staking system is fully designed to create a proportional effect on the Arbitrum gaming ecosystem. By facilitating a more uninterrupted user journey and collaborating with other players to improve the platform, XAI is course-plotting for future Layer 2 gaming solutions.

XAI Market Reaction

The XAI market has since reacted to the token-staking news by experiencing a significant increase in trading volume and price. The market started the day with bearish sentiments but quickly turned bullish as investors showed renewed interest in the project due to the potential rewards from staking their tokens.

This surge increased XAI‘s 24-hour trading volume by 23.24% to $151,989,725. The market cap also saw a notable increase, rising by 4.4% to $151,989,725. The market faced resistance at $1.6, where the bears took control, dipping the price to an intra-day low of $1.4. However, the bulls regained control, with the market trading at $1.55 at press time, a 0.54% surge from the support level.

XAI/USD 24-hour price chart (source: CoinStats)

The positive momentum is expected to continue as more investors learn about the benefits of token staking and its impact on the project’s ecosystem. Investors eagerly anticipate further developments in the project that could drive the price even higher. The positive market sentiment surrounding XAI will likely attract more attention as the launch nears.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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