Based on price data from major cryptocurrency exchanges such as Binance, Coinbase, and CoinMarketCap

Crypto Unicorns Launches on XAI Network with 6.48M Token Burn and Layer 3 Integration

Jun 26, 2024, 12:10 PM

Crypto Unicorns, a blockchain-based gaming platform, has officially launched on the XAI network, the world's first Layer 3 solution for AAA gaming. The platform, which allows players to breed, battle, and collect unicorn NFTs, has migrated over 250 smart contracts from Polygon to XAI. This move is expected to reduce gas fees and enhance the gaming experience. Additionally, a significant token burn mechanism has been implemented. With the passing of proposals CUIP-49 and CUIP-050 through a DAO vote, 50% of all ETH entering the treasury will be used to buy $CU tokens and burn them, and 6.48 million $CU tokens have already been burned, representing 6.48% of the total supply. To start, 6.5M$CU will be burned. The strategic token burn is seen as a potential catalyst for growth and a signal of confidence in the project's future.