Xai Network to Launch Staking Rewards for Early Supporters

Sentiment: Positive

Xai, the Ethereum gaming network on Arbitrum, introduces staking rewards and plans pool expansion, driving positive market momentum and game adoption.

In a significant development for the decentralized gaming ecosystem, Xai, the layer-3 Ethereum gaming network built on Arbitrum, is set to kick off the initial phase of its staking rewards program this week. This announcement comes on the heels of the successful January airdrop of XAI tokens to early supporters, marking a pivotal moment for the rapidly evolving Xai network.

The staking rewards program is designed to reward owners of Sentry Keys, unique NFT-based nodes crucial for ensuring the security of the Xai network. With nearly 35,000 Sentry Keys sold so far to over 6,300 unique users, these individuals stand to benefit from the forthcoming staking rewards. The distribution of XAI tokens through the earlier airdrop was primarily directed towards these key holders.

Sentry Key owners can stake a specific amount of "esXAI" tokens, representing XAI, with each key they hold. The staking amount varies depending on the number of keys owned, with a maximum cap of 125,000 esXAI per user. Xai has implemented a tiered reward system based on the quantity of esXAI staked, introducing higher tiers that promise increased rewards. The top tier boasts an impressive 16x multiplier, providing a lucrative incentive for participants.

Looking ahead, Xai has ambitious plans to broaden the staking rewards program in March by introducing pools. Unlike the current model exclusive to Sentry Key owners, these pools will enable anyone to stake their esXAI. Although the specifics of this program are still being finalized by the Xai Foundation, the move is anticipated to democratize participation and further decentralize the network.

Xai envisions the pools not only as a means for users to stake their esXAI but also as platforms for games and projects to engage with their audience. Through these pools, NFTs and tokens can be distributed, and XAI token holders can delegate their voting rights, providing a new dimension to community engagement within the Xai network.

The Xai network is abuzz with activity, with several games in the pipeline, including titles from Ex Populus, the studio responsible for the creation of Sentry Keys. Notably, the popular NFT game Crypto Unicorns is making a strategic move, migrating from Polygon to Xai, signaling the network's increasing appeal within the gaming community.

As the launch of the staking rewards program looms, the market has responded with enthusiasm, propelling the XAI token price to an all-time high of $1.59 on Sunday. The price has since maintained its position near this pinnacle, underlining the positive sentiment surrounding Xai's latest developments.

In summary, Xai's foray into staking rewards and the imminent expansion of the program to include pools mark a significant stride towards greater inclusivity and engagement within the Xai ecosystem. The positive market response and the network's expanding game portfolio underscore the growing influence of Xai in the decentralized gaming space, leaving enthusiasts and investors alike eagerly anticipating the unfolding chapters in this innovative journey.