Xai Layer 3 Floor List Price Prediction (XAI)

The Gaming trend has exploded again very strongly with AAA Game titles along with Blockchains built specifically for Gaming. Xai is the first Layer 3 preparing to enter the mainnet and launch the XAI token in the near future. . In this article, Weakhand will give everyone a prediction of Xai’s floor price.

Overview of Xai

Xai is the first Layer 3 platform built specifically for AAA games on the Layer 2 Arbitrum network. The technology that Xai uses to build is Arbitrum Orbit, a combination of Arbitrum Nitro and Anytrust that helps Layer 3 expand many times and reduce transaction fees dozens of times compared to Arbitrum.

Thanks to the above advantages, Xai is very suitable for developing heavy games such as AAA or FPS fighting, something that most Layer 1 or Layer 2 at the present time cannot handle. Therefore, Xai may become a leading platform in bringing heavy game genres to Blockchain.

Xai also announced the eligibility criteria for the airdrop at the time of its launch as:

• Get your hands on Odyssey NFT Phase 1 and 2 by participating in the testnet (Legendary & Vanguard).
• Hold at least one Key Node of Xai.

Factors Affecting XAI Price

XAI Tokenomics

We can see that the Team and Backer tokens will be locked for 6 months, so there will be no selling from these initially. Only 2% is allocated to Market Makers at TGE to create liquidity for users to trade.

The portion of tokens reserved for the community is Node, Community & DAC, accounting for 50.1% and the locking time and vesting schedule are unknown. We can predict that a small portion of this will be in the form of XAI and used for airdrop purposes initially, the rest will be in the form of esXAI distributed to Node participants. .

XAI will be the main token used for the following purposes in the ecosystem:

• Used as transaction fee on Xai Layer 3.
• XAI can be converted to esXAI.

esXAI is a non-transferable token and is used for Staking purposes as follows (Unstake will take 30 days):

1. Stake into Yield Account: Get more profits with esXAI.
2. Stake to Culture Account: Get access to special NFT and Gaming events.
3. Stake into Governance Accountt: Receive voting rights in Xai DAO.

XAI can always be converted into esXAI at a 1:1 ratio, however to convert in the opposite direction, esXAI to XAI, users must follow different ratios depending on the conversion time (esXAI section If not redeemed, it will be burned):

• With a minimum conversion time of 15 days, the XAI rate received is 25% of the total esXAI.
• At the conversion time of 90 days, the rate of XAI received is 62.5% of the total number of esXAI.
• At a maximum conversion time of one day, the percentage of XAI received is 100% of the total number of esXAI.

In addition, the amount of esXAI allocated to users running Node will also change based on the total supply of XAI and esXAI circulating in the market. When the total supply exceeds certain milestones, the amount of esXAI rewarded will decrease, whereas when the total supply burned falls below certain levels, the amount of esXAI rewarded will increase.

Another highlight of Xai’s tokenomics model is that all transaction fees will be paid in XAI tokens and all of them will be burned.

Backer

At the present time, Xai’s development team has not announced details about the amount of money raised from investment funds. However, they announced that a number of investment funds have participated in the capital call such as Animoca Brands, CMS, Citizens,…

In addition, Xai also receives development support from Offchain Labs, the team developing the Arbitrum platform. This is the largest Layer 2 currently with a valuation of more than $15B at the time of writing.

Xai’s ecosystem

Although it has not officially entered the mainnet, Xai’s ecosystem currently has 5 games with many different genres. With the stronger the games in the development ecosystem, the more XAI is burned, thereby reducing inflation.

Xai’s story

In addition to the basic factors above, Xai’s story is also different from previous projects as this is the first Layer 3 platform on the market. The operating mechanism of Xai’s Tokenomics is also very special as users can earn XAI through participating in the ecosystem and XAI will also be burned in the process.

Market situation

The Crypto market in general in the last months of 2023 has reflected a very positive signal, since large projects listed recently have achieved certain successes if we consider prices alone. chief. Therefore, we can also expect that the initial listed price of XAI will not be low.

XAI Floor List Price Prediction

Because there hasn’t been any Layer 3 launched before, it’s most reasonable for us to compare Xai with other Gaming-specific Blockchains.

If we compare specifically the potential and the support team behind it, it is clear that XAI is no worse than Immutuble and Ronin, even higher than Fusionist. In addition, Xai has a Tokenomics that is somewhat more Ponzi than its competitors in the same industry, plus the initial circulating supply is less, so it cannot be ruled out that the price of XAI will be higher than the remaining candidates.

In addition, XAI is currently being traded on the Kucoin platform at a price of about $5-$6. Previous projects traded on this platform such as TIA or PYTH have quite accurately reflected the actual needs of users. market before the token is listed.

Summary

Above is the floor list price prediction of Xai, the first Layer 3 platform for Gaming built with Arbitrum Orbit technology. Weakhand hopes that through this article, we can provide everyone with useful price projections to be able to sell the best airdrop tokens.