This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Xai?

XAI is a cryptocurrency that operates on the Arbitrum platform, leveraging a unique tri-layer architecture that combines Ethereum's security, Arbitrum's scalability, and its own Layer 3 innovations focused on gaming. The XAI token serves multiple purposes, including facilitating transactions, rewards, governance, and ecosystem stability. It aims to enhance the gaming experience by enabling players to own and trade in-game assets, and its AI-powered tools assist in detecting token scams and generating unique digital assets as NFTs.

How is Xai used?

Xai (XAI) is a token used for various purposes, including decentralized finance (DeFi) and gaming. In the context of gaming, XAI is the primary token of the Xai blockchain, acting as the gas fee token on the Xai Layer-3. It plays a pivotal role in ensuring the smooth operation of the blockchain, facilitating transactions and rewards within the network, and contributing to governance and ecosystem stability. Additionally, XAI is used in explainable AI (XAI) to enhance decision-making accuracy in crypto trading arbitrage bots by providing transparency and interpretability to the bot's decision-making process.

How do I store Xai?

To store Xai (XAI) tokens securely, you have several options:

Store Xai in Your KuCoin Account

You can hold your Xai (XAI) in your KuCoin account, which provides quick access to trading products like spot and futures trading, staking, and lending. KuCoin serves as the custodian of your crypto assets, helping you avoid the hassle of securing your private keys. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your Xai in Non-Custodial Wallets

For enhanced security, you can withdraw your Xai (XAI) to a non-custodial wallet. This grants you complete control over your private keys. You can use various types of wallets, including hardware wallets, Web3 wallets, or paper wallets. Be sure to store your private keys in a secure location, as losing them may result in the permanent loss of your Xai (XAI).

Use Hardware Wallets

Hardware wallets, like Ledger, are highly secure and allow you to store your crypto keys offline. Each hardware wallet comes with a seed phrase, which acts as a key to unlock the wallet. It is recommended to store the seed phrase in a physical form, such as metal seed phrase storage solutions, for added security.

Choose a Reliable Crypto Wallet

You can also store your Xai (XAI) in a reliable crypto wallet like Coinbase Wallet, MetaMask, or TrustWallet. These wallets can be downloaded as extensions on Google Chrome or as apps from the iOS App Store or Google Play. Research the types of wallets most suitable for your trading preferences, considering factors like security and convenience.

How to buy Xai?

To buy Xai (XAI) tokens, follow these steps:

  1. Choose a Cryptocurrency Exchange: Select a reliable exchange that supports XAI trading, such as MEXC, Binance, KuCoin, CoinEx, Bybit, or gate.io. Each exchange has its own fees, security features, and supported currencies, so research and compare them before making a decision.

  2. Create an Account: Register a free account on the chosen exchange's website or mobile app. You will need to provide personal information, including your name and email address. Some exchanges require KYC (Know Your Customer) verification to increase withdrawal limits and unlock additional features.

  3. Fund Your Account: Deposit funds into your exchange account using methods such as credit cards, bank transfers, or other cryptocurrencies like USDT, BTC, or ETH. Ensure the exchange supports your preferred payment method.

  1. Buy XAI: Navigate to the XAI trading page on the exchange and select the desired trading pair (e.g., XAI/USDT). Enter the amount you want to purchase and confirm the transaction. You can also use peer-to-peer services or third-party payment providers like Simplex, Banxa, or Mercuryo.

  2. Store Your XAI: Once you have purchased XAI, you can store it in your exchange wallet or transfer it to a personal wallet for added security. You can also trade XAI for other cryptocurrencies or use it for staking on the exchange.

  3. Monitor Your Investment: Keep track of your XAI investment's performance and adjust your strategy as needed. You can use the exchange's tools or external resources to stay updated on market trends and prices.

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History of Xai

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How Xai works

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Xai's strengths

Xai's risks

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Did Xai raise funds?

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