Xai
Crypto Overview
Project Overview
Xai is a gaming-focused layer-2 blockchain built on Arbitrum technology. The XAI token serves as the native currency for the Xai ecosystem, designed to power gaming experiences and facilitate transactions within the network.
Purpose and Utility
The primary utility of XAI includes governance rights over the protocol, transaction fee payments, and participation in the gaming ecosystem. The token is intended to be used for purchasing in-game assets, paying for network fees, and participating in protocol governance.
Business Model Analysis
The project focuses on providing blockchain infrastructure for gaming applications, with a clear emphasis on legitimate gaming use cases rather than gambling. The platform aims to support game developers and players with faster, more cost-effective transactions compared to existing blockchain gaming solutions.
Development and Adoption
The project launched in late 2023 and is still in its early stages. The development team is actively working on the infrastructure, with regular updates and improvements to the protocol. While adoption is currently limited, this is expected for a newly launched project.
Token Distribution
The token distribution includes allocations for ecosystem growth, development team, and community initiatives. There are vesting schedules in place for team tokens, showing consideration for long-term project sustainability.
Crypto Impact
To assign a comfort level investing in Xai from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Xai.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.