xAI Corp (ETH: $XAI) is a new Ethereum meme token created in both honor and support of Elon Musk and his newest AI-based venture.
The creators of $XAI believe that the power of artificial intelligence (AI) will transform the blockchain industry. While the project is not affiliated with Elon Musk or his new AI-focused venture, xAI Corp, the project hopes to ride the publicity wave to propel the $XAI’s notoriety to greater heights.
A Community Driven Ethereum Project
$XAI is a community-driven project, with membership enthusiastic about AI and blockchain technology, working to create new strategies to boost the project to the next level. As with any meme token, the community is the key to its success. Accordingly, putting the investor-base in charge of the project will ensure they stay vested in its success.
Why Elon Musk?
The choice to model the $XAI meme token around Elon Musk and his venture in the tech space was deliberate. In the past, Elon Musk has been quite vocal about his support for crypto projects and the blockchain. At one point, Tesla, a company that Elon co-founded, owned over a billion dollars in Bitcoin. Additionally, Elon Musk played a critical role in shaping the meme token space into what it is today.
A few years back, Elon Musk began tweeting about Dogecoin, one of the first meme coin projects to hit a billion-dollar market cap. The result was that it sparked an massive interest in meme coins. The most recent meme token that became a household name is $PEPE, whose market cap shot over a billion dollars in less than 2-weeks.
Elon Musk is a renowned figure in crypto and tech circles. Hence, having a project associated with his name, will no doubt spark interest in it. The $XAI project does this by keeping the community updated on developments around Elon Musk’s ventures.
For people who are already interested in Musk’s ventures, $XAI allows them to form a community of like-minded individuals. Thus far, the project has managed to attract over 1,500 followers on Twitter.
Project Roadmap
Besides being a meme token, $XAI also plans to create utility for its community. For instance, in April 2023, the project launched Lil X, the token’s mascot. The design is unique and easily identifiable, which is great for easy recognition. Additionally, the project launched the xAI image bot, which allows anyone to create high-quality memes for shilling. The bot can be accessed on the $XAI community’s telegram group.
$XAI Token Performance
The $XAI token is an ERC-20 token secured on the Ethereum blockchain with a maximum supply of 997,020,000. The smart contract for the project is renounced, and the liquidity pool is 100% burned. There is no tax on buy / sell orders to attract as many users as possible. $XAI is a relatively small project with a market cap of just $493K. It has a total liquidity of slightly over $118K, with a daily trading volume of $32.5K as of July 28, 2023.
[Click The $XAI Chart Above To Trade On DexTools]
Summary
$XAI is a great meme token project with an attractive narrative for a community to grow around it. The project is open and transparent, which should attract a huge following in the future. If you’re looking for a noteworthy meme token with huge upside potential, $XAI is a top option for the foreseeable future.
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