Xai Foundation Launches Staking Pools, Rewarding User Participation in Gaming Ecosystem

The Xai Foundation introduces staking pools, a new system to reward user involvement in the Xai layer-3 gaming network built on Ethereum. XAI token holders can stake their tokens in pools to earn rewards, represented by the new esXAI token. Pool operators, known as Sentry Key owners, can customize reward distribution, potentially fostering competition among pools. This update aims to enhance collaboration and value within the Xai ecosystem, supporting the network's growth and attracting developers and gamers alike.

Xai Foundation Unveils Staking Pools, Rewarding User Involvement in Decentralized Gaming Network

Zurich, Switzerland - April 16, 2024 - The Xai Foundation, a non-profit organization dedicated to the development and growth of the Xai layer-3 gaming network, today announced the launch of a comprehensive staking pool system designed to foster active participation and reward users within the ecosystem.

XAI Staking Pools: Empowering User Engagement

The Xai staking pools provide an innovative mechanism for XAI token holders to contribute to the network and earn rewards for their involvement. Eligible individuals can stake their tokens in designated pools, unlocking a range of benefits:

• Staking Rewards: Participants receive rewards in the form of additional XAI tokens, incentivizing long-term commitment and contributions to the ecosystem.
• esXAI Token: The introduction of esXAI, an escrowed staking representation of XAI, simplifies token management and facilitates seamless participation in staking pools.

Personalized Pool Management and Distribution of Rewards

Staking pools are created and managed by Sentry Key owners, who have undergone rigorous know-your-customer (KYC) protocols to ensure reliability and transparency. These pool operators have the flexibility to customize their pools, determining the distribution of rewards among themselves, Sentry Key stakers, and esXAI stakers.

Tiered Reward Structure Encourages Collaboration and Competition

The Xai Foundation has implemented a tiered reward structure based on the amount of esXAI staked in each pool. Higher tiers offer increased rewards for Sentry Key stakers, fostering collaboration among pools to attract and retain esXAI stakers. This mechanism aims to promote a dynamic and competitive ecosystem, benefiting all stakeholders involved.

Expansion of Staking Rewards Program

The launch of staking pools marks a significant expansion of the Xai Foundation's staking rewards program, which was initially introduced in February. This upgrade demonstrates the Foundation's commitment to delivering value and rewards to users while supporting the long-term stability and success of the Xai network.

Q1 2024: Momentum in Gaming and Partnerships

The Xai network has witnessed significant growth in the first quarter of 2024:

• Mainnet Launch: The Xai network officially launched its mainnet, providing a robust platform for decentralized gaming applications.
• XAI Token Airdrop: The Foundation conducted an airdrop of XAI tokens to node operators and owners of select Xai-associated NFT collections, distributing tokens to key contributors.
• NFT Game Launches: Several games have launched on the Xai network, including Tarochi, an on-chain role-playing game.
• Upcoming Projects: The pipeline of upcoming projects includes notable games such as Final Form, LAMOverse, and Crypto Unicorns, showcasing the network's potential to host a diverse range of gaming experiences.

Conclusion

The launch of staking pools by the Xai Foundation is a significant development in the decentralized gaming landscape. By empowering users to participate actively, earn rewards, and contribute to the network's growth, the staking pool system fosters a vibrant and sustainable ecosystem. As the Xai network continues to expand, the Foundation remains committed to delivering innovative solutions that drive user engagement and support the success of decentralized gaming.