Xai Foundation supports: Xai layer-3 gaming network build with decision Scaling technology turned on EthereumAnnounced the launch of a new product. staking It is a pull system designed to reward user participation in the ecosystem.
The Xai Staking Pool allows XAI token holders in eligible regions to earn rewards for their participation by staking their tokens into the pool. This update introduces a new token, esXAI, which acts as an escrow staking representation of XAI tokens. Users can convert XAI to esXAI and then stake their tokens to participate and earn staking rewards.
Staking pools can be created by Sentry Key holders who were required to complete a Know Your Customer (KYC) protocol to run the nodes supporting the network. Pool operators can then determine the distribution of pooled network rewards by specifying the proportions allocated to themselves, Sentry Key stakers, and esXAI stakers.
Based on the amount of esXAI staked, the higher the tier of the staking pool, the larger the reward multiplier for staked Sentry Keys. The Xai Foundation says this will encourage “cooperation and competition between pools to attract stakers and increase reward tiers.”
Xai Foundation’s first Staking Rewards Released In February, pools and expanded features were added to the product today.
“We are very excited to introduce staking pools to the Xai community,” added key Xai contributor pseudonym Soby. “This upgrade represents our commitment to providing the best value and rewards to our users while ensuring the long-term health and success of the Xai network.”
Xai staking pool operates in real time. These pools will lay the foundation for coordination between key stakeholders and third-party rewards across the ecosystem. 1/2 or less pic.twitter.com/QB7da7LMqo
— XAI (@XAI_GAMES) April 16, 2024
Xai Network launched its mainnet earlier this year. XAI token airdrop Node operators and specific Xai-related owners NFT collection. Games like Tarochi, an on-chain role-playing game, are starting to launch on the network.
Additional projects emergenceSuch as Ex Populus’ card battler Final Form and multiplayer action game LAMOverse. Crypto Unicorn Franchise Migrate from the Ethereum scaling network Polygon and potentially Dozens of indie games It is being applied to cryptocurrency games in collaboration with Media Indie Exchange (The MIX).
Editor’s note: This article was created with the help of AI. Editing and Fact Checking Andrew Hayward.
