what's XAU9999?

XAU9999 is a cryptocurrency token that embodies the meme coin ethos within the broader crypto ecosystem, drawing its name from the international symbol for gold (XAU) combined with "9999" to evoke high-purity precious metals. Built on a blockchain platform supporting decentralized exchanges, it facilitates community-driven trading and engagement, much like other viral tokens that gain traction through social media and grassroots support. The project's mechanics involve standard ERC-20 or similar token standards, enabling seamless transfers, liquidity provision on DEXs, and integration with wallets for holding and staking where applicable. Following a community takeover model observed in similar projects, XAU9999 transitioned to full community governance, with social channels and development updates managed collectively. This structure emphasizes transparency and participation, allowing holders to influence marketing, listings, and ecosystem growth through decentralized decision-making processes.

XAU9999 introduced Scudo (1/1000 XAU₮) for easier smaller-size DeFi transfers.

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