It has been revealed the fact that the crypto exchange Binance is planning to list an upcoming gaming altcoin via its Launchpool platform. Check out the latest reports about this below.
Binance Launchpool in the news
Binance, a top global cryptocurrency exchange, is planning to list a new gaming altcoin on its Launchpool platform. Through Launchpool, users can stake coins to farm new assets.
The 43rd project to be listed on the platform will be the gaming blockchain Xai (XAI), and Binance plans to list it on January 9th.
From January 5th to 9th, Binance users can stake BNB, First Digital USD (FDUSD), and TrueUSD (TUSD) stablecoins separately into pools to farm XAI tokens.
Binance will attach a seed tag to XAI, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens.
To ensure that users are aware of the risks before trading the tokens, Binance requires users who own assets with seed tags to pass quizzes every 90 days.
According to the exchange’s research report, XAI is the first layer-3 project in the Arbitrum (ARB) ecosystem.
The XAI Network is a decentralized and open platform that aims to allow gamers to trade in-game items without dealing with crypto wallets.
The project intends to have a maximum token supply of 2.5 billion XAI, with over 11% of this total making up the token’s initial circulating supply.
Binance in the news
As per the latest update, Binance will decrease the mandatory minimum order size of certain meme assets for spot and margin trading pairs.
These meme cryptos include Pepe (PEPE) and a few dog-themed meme cryptos, such as Floki (FLOKI), Shiba Inu (SHIB), and Bonk (BONK).
Binance has stated that these changes will be implemented starting tomorrow and will help to make crypto trading more accessible globally. Check out our previous article for more details.
