The Arbitrum “layer-3” gaming network Xai, first announced in June 2023, has scheduled its season one token airdrop.
It’ll occur on December 27 this year, just before the new year rolls in, according to a Twitter post from Xai Games.
Arbitrum developers at Offchain Labs are collaborating on the Xai initiative, which consists of the Xai Foundation, token, and blockchain.
The token will be the network’s gas token to pay for transaction fees and will be the primary currency for gamers to pay for NFTs and in-game items that build on the blockchain in the future, according to Xai’s website.
See Also: Ethereum’s FRAME Launched A Token Airdrop On Tuesday. Here’s How To Claim It
On December 27, Xai tokens will be airdropped to Odyssey Legendaries and Vanguards owners, which are profile-picture style NFTs.
Holders of Xai Sentry Keys, which will allow owners to run nodes that power the Xai network, will also be included in the airdrop distribution, according to the post.
🚨OFFICIAL $XAI SEASON 1 AIRDROP ANNOUNCEMENT🚨
On December 27th the $Xai token airdrop will be distributed to the following groups:
Xai Odyssey Legendaries & Vanguards 📸 Snapshot taken
Xai Sentry Keys 📸 Snapshot NOT yet taken
Exchange listings will be announced after…
— XAI (@XAI_GAMES) December 22, 2023
For those looking to qualify for the first Xai airdrop, it’s too late to buy into the Odyssey Legendaries and Vanguards, but the Xai team hasn’t yet closed eligibility for those who buy Sentry Keys.
At time of writing, the Xai Foundation’s website states that its tokenomics have not yet been finalized.
“The tokenomics for XAI are currently undergoing regulatory and compliance review. Once they are approved for public release, Xai Foundation will share the tokenomics through Xai’s official social media accounts,” the Foundation wrote.
Any Ethereum wallets that are compatible with Arbitrum will be able to connect to and use the Xai network. In the future, the foundation hopes to release a single sign-on wallet solution of its own.
Airdrops are overwhelmingly common in crypto and can feel like “free money” for some.
But it’s worth noting that there’s also an abundance of airdrop scams out there, like fake wallet-draining links that can have unwanted impacts on your crypto assets.
See Also: Jupiter Airdrop (JUP) Distribution Set For January, Solana DeFi Users Get Ready
Social media accounts (even verified ones with a blue or gold checkmark) can also be hacked, and bad actors can post fake airdrop links there.
Xai has already alerted its followers about a phishing scam, where an unknown “malicious actor” reportedly “forked” or split Xai’s Sentry Key public repository, creating a fake duplicate that led users to a phishing scam.
Prior to the Xai Sentry Key launch on Wednesday, 12/6, at 8 pm PST, a malicious actor forked Xai’s Sentry Key public repository. They misled some customers into believing it was the genuine contract which led to Xai community members being phished.
In response, Xai Foundation,…
— XAI (@XAI_GAMES) December 22, 2023
While the Xai team did not share how many wallets fell for the scam, it shared Thursday that its team has sent new, legitimate keys to everyone impacted.
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
