The implementation of staking pools by the Xai network is a significant move to solidify its presence in the Ethereum gaming industry. Through this enhancement, XAI token holders of all levels can earn rewards by participating in network stability and growth.
Xai stands out as an innovative project that values decentralization and user engagement, utilizing Ethereum's Arbitrum technology as its foundation.
Introducing staking pools is a strategic advancement for Xai, aiming to further incentivize users and establish a strong position in the Ethereum-based gaming sector.
Boosting Community Engagement via Staking
The primary goal of Xai's staking pool feature is to encourage greater community participation. By allowing XAI token holders to collectively stake their assets, the Xai Foundation promotes user involvement, network security, and decentralization.
Users now have the option to lock up their XAI tokens in specified pools, earning rewards based on their level of engagement. Besides offering passive income, this initiative provides users with direct influence over the Xai network's operations.
Introduction of esXAI Token
A new token known as esXAI has been introduced by Xai to streamline the staking process. This token represents users' XAI tokens held in escrow while participating in staking pools.
Through the esXAI token, XAI holders can efficiently convert their assets and actively engage in staking activities, enhancing network functionality and user experience.
The esXAI token acts as a bridge, facilitating the conversion of XAI holdings for seamless staking in designated pools. This innovative solution ensures a structured and transparent reward management system, reinforcing network security and encouraging ongoing user involvement.
Tiers & Reward Structures
Xai's staking pools adopt a tiered structure where the reward multiplier for staked Sentry Keys increases as pools ascend in tiers. This tiering system is based on the total amount of esXAI tokens staked within each pool, encouraging collaboration and competition among pool operators.
The Xai Foundation aims to create a dynamic ecosystem where staking pools compete and collaborate to attract more participants and advance through reward tiers.
Greater stakes in a pool lead to higher tiers and reward multipliers, motivating users to participate actively and support the network. This tiered approach drives user engagement, fostering network decentralization through increased participation in the staking process and overall governance of the Xai ecosystem.
In Summary
The implementation of staking pools by the Xai network represents a significant milestone in its journey towards a thriving, decentralized ecosystem.
Earning incentives through staking is expected to enhance network security, promote wider adoption, and increase user engagement. The Xai team's commitment to transparency and inclusivity is evident through the tiered staking pool system and the rollout of the esXAI token.
Looking ahead, the staking pool functionality is poised to play a crucial role in ensuring the long-term success and growth of the Xai gaming ecosystem within the Ethereum landscape.
