XAI’s Striking Ascent
In a recent development, the XAI gaming network, operating on Ethereum’s Arbitrum, initiated its airdrop, disbursing a substantial 125 million tokens to its early supporters. The coin’s trajectory has been nothing short of meteoric, demonstrating a remarkable surge of over 60% within a mere week, as per CoinGecko’s data.
Initially launching at $0.77, XAI experienced a brief dip to $0.45 before staging a noteworthy recovery.
As the crypto market emerges from a bearish cycle, airdrop activities have intensified in response. Projects like Jito and Pyth have collectively distributed tokens worth hundreds of millions, marking a significant trend in the current crypto landscape.
The anticipation surrounding upcoming airdrops, such as Jupiter and Portal of Solana DeFi aggregator, underscores the ongoing trend of new projects actively distributing tokens to foster community engagement.
In November 2023, Elon Musk, the visionary behind Tesla and SpaceX, unveiled his xAI startup. This initiative stemmed from Musk’s dissatisfaction with OpenAI and ChatGPT, which he deemed overly conservative. As a remedy, Musk introduced his AI chatbot named Grok, seamlessly integrated into the X social media platform exclusively for Premium+ subscribers.
Named after Elon Musk’s xAI startup, XAI operates as a “layer-3” gaming-centric network on Arbitrum, seamlessly blending into the artificial intelligence industry. Collaboratively developed by Offchain Labs, Ex Populus, and the Xai Foundation, this network aims to transform blockchain gaming into an expansive, decentralized ecosystem.
InQubeta (QUBE) Advances in Empowering AI Investment
Simultaneously, InQubeta (QUBE) is pioneering a transformative approach to AI technology investment through its crowdfunding platform, centered around fractionalized digital collectibles. InQubeta’s mission is to democratize access to AI technology investments, offering investors an opportunity to shape the future of AI innovation by supporting emerging artificial intelligence startups.
Currently, at Stage 7 of its presale, the project has successfully garnered over $8.2 million in funding.
The QUBE token adopts a deflationary mechanism, incorporating a 2% tax on both buy and sell transactions that contributes to the burn wallet, gradually reducing the token supply. Additionally, a 5% sell tax actively contributes to a dedicated reward pool, providing token holders with rewards through staking.
Related: Elon Musk’s xAI Wants To Raise $1 Billion From IPO
An integral component of InQubeta’s ecosystem is its NFT marketplace, serving as a conduit for AI startups to tokenize investment opportunities as NFTs easily. These fractionalized NFTs can be acquired using QUBE on the InQubeta platform.
Beyond its role as a transactional medium, QUBE serves as a governance token, endowing holders with the authority to actively participate in decision-making processes within the platform. This governance structure fosters a more democratic and community-driven investment environment.
