Beyond Gaming: Xai Expands to Staking Rewards

2024-4-18 17:30

Xai, a popular Ethereum layer-3 gaming network built with Arbitrum, announced the launch of its new staking pools on April 16, 2024.

These pools pave the way for greater collaborative efforts between core stakeholders and enable third-party rewards within the Xai ecosystem.

Sentry Key and esXAI: the Core of XAI’s Staking Pool

Staking pools often become hubs for innovation, driving the creation of games, non-fungible token (NFT) drops, and other exciting projects. Xai aims to leverage staking for sustained growth and a more robust gaming environment.

“The design of the staking mechanism within the Xai ecosystem is centered around fostering collaboration,” Xai Foundation, the team behind Xai, wrote in their official statement.

A Sentry Key is fundamental to the staking process in the Xai ecosystem. Pool creation requires a staked Sentry Key. The owners of Sentry Key can stake their keys in multiple pools to boost reward tiers and maximize their earnings.

Staked keys form the foundation of a pool, directly impacting its potential rewards.

Read more: 9 Cryptocurrencies Offering the Highest Staking Yields (APY) in 2024

Besides Sentry Key, pool capacity for esXAI also plays a major role in XAI staking pools. esXAI is a new token representing staked XAI in escrow.

KYC-verified Sentry Key owners have the exclusive ability to create pools and set network reward percentages for themselves. Effective pool owners must actively lead, recruit members, and market their pools. Failure to do so can lead to stakers migrating toward more successful pools.

Additionally, holders of esXAI also have the potential to earn network rewards, the percentage of which is set by the pool creator. Since most esXAI is likely owned by Sentry Key holders, they are expected to be the largest stakers of esXAI.

XAI’s immediate redemption for esXAI intends to encourage greater ecosystem support from existing members, attract new investors, and promote overall network health.

Despite this development, the initial market reaction has been modest. According to BeInCrypto’s data, XAI is trading at $0.68, representing a 0.71% increase for the last 24 hours.

Read more: What Is Crypto Staking? A Guide to Earning Passive Income

XAI Price Performance. Source: BeInCrypto

Xai’s move is one of several recent developments fueling the resurgence of Web3 gaming in 2024. Initiatives like Saga’s “Power-Level Over 9000” campaign and a16z’s new Games Fund signal widespread investor confidence in the sector.

The post Beyond Gaming: Xai Expands to Staking Rewards appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ribbit Rewards (RBR) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 RBR

rewards staking xai beyond gaming expands evolution

Источник: beincrypto.com

rewards staking → Результатов: 126


IRS clarifies rules on crypto staking rewards

The Internal Revenue Service issued new guidelines on July 31, outlining its stance on taxing cryptocurrency staking rewards. The new directives stipulate that taxpayers who engage in staking of cryptocurrency native to a proof-of-stake blockchain and subsequently receive additional cryptocurrency units as validation rewards are required to include the value of these rewards in their […] The post IRS clarifies rules on crypto staking rewards appeared first on CryptoSlate.

2023-8-1 08:00


How to Maximize Profitability with Cryptocurrency Staking

Cryptocurrency staking first exploded into popularity back in 2013 with the release of Peercoin — the first cryptocurrency based on the Proof of Stake (PoS) consensus mechanism.  Peercoin became the first prominent cryptocurrency to offer staking rewards to holders, allowing them to essentially lock up their coins to help secure the network, while receiving regular […] The post How to Maximize Profitability with Cryptocurrency Staking appeared first on NullTX.

2020-6-17 18:48


Coinbase расширит стейкинг Tezos на клиентов из Европы

Криптовалютная биржа Coinbase открыла для клиентов из Великобритании, Испании, Франции и Нидерландов возможность получать вознаграждение за стейкинг Tezos (XTZ). Staking Rewards is now available for customers in the UK, France, Spain and the Netherlands.

2020-5-29 13:25


Bitfinex выдала награды за стейкинг EOS на $100000

Биржа криптовалют Bitfinex объявила, что выдала 35 000 токенов EOS в виде стейкинговых наград на общую сумму около $100 000. Программа стейкинговых вознаграждений Bitfinex Staking Rewards предназначена для того, чтобы предоставить пользователям альтернативный способ нарастить свои активы и зарабатывать до 10% от депозита за год.

2020-4-30 07:13


TTC blockchain DApp ecosystem project Tigris Protocol now open-source

TTC, a decentralized token-incentivized protocol for social network services and online communities, announced today it has made the decision to open-source the Tigris Protocol project. Tigris Protocol is a set of decentralized finance (DeFi) solutions operating on a TTC blockchain that offers a range of services, such as staking, collateralized debt, and Tigris Rewards Programs.

2020-1-31 14:16


Binance US Adds Algorand (ALGO) and Cosmos (ATOM) Staking

US-based Binance is the latest entrant into the staking game. It has joined other leading crypto exchanges by including staking rewards for cosmos (ATOM), and algorand (ALGO) cryptocurrencies. The exchange released an official announcement on Wednesday regarding this new development and stated that the returns are to be made on a month-to-month basis. ATOM and ALGO […]

2020-1-29 18:55


Фото:

Объем активов, предоставленных для стекинга, достиг $7 млрд

Общая стоимость активов, предоставленных пользователями для заработка наград на стекинге криптовалют, достиг $6,96 млрд. Об этом сообщили аналитики CryptoDiffer со ссылкой на данные портала Staking Rewards.

2020-1-14 17:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Long-Awaited DeFi Exchange Infinex Reveals Launch Date 

Infinex, set to launch on May 13, merges Web2 and Web3, aiming to simplify DeFi trading and attract a broad user base with a robust security system. The post Long-Awaited DeFi Exchange Infinex Reveals Launch Date  appeared first on BeInCrypto.

AI, Tokenized: Exploring the Initial Model Offering with ORA Protocol

Entering 2024, with AI emerging as a new cornerstone of crypto narratives, the idea of AI-centric asset issuance has carved out new pathways for creative exploration. BeInCrypto sat down with ORA Protocol’s founder, Kartin Wong, to discuss the Initial Model Offering (IMO).