JuCoinLabs: Hello everyone, welcome to our JucoinLabs AMA session today. Today we will have an in-depth communication with the community of the X project.
Next, I will also introduce some rather shocking events about the creation of X, such as the fact that it is the first single-letter token on the SOLANA chain, and at the same time it is the largest community user on the DeBox platform, with a total of over 160,000, and it is also the MEME praised by CZ, the first MEME community to break through 100,000 members, and the first MEME community to donate to Trump, and it is also the number one MEME community in the Chinese CTO community.
Today we will also delve into the growth process of X, its future plans, and how it will drive more people to join the Web3 world in the future.
Next, I would also like to invite the representative of the X Community to introduce the story of the birth of X, including how it was conceived and developed into the current thriving state.
X Community: Thank you for the invitation to speak, I will share with you how I got to know X. In fact, X can be seen on-chain, and it should have been initiated by the overseas community in December 2023. At that time, there was an event where Musk acquired Twitter and renamed it X, so it also belongs to the Musk concept, but at that time, the Meme track was still called "on-chain meme" by many and was not a mainstream track. For Musk concept-related targets, there was actually no big wave, so at that time the X target did not break out in terms of price performance, it might have had some heat in the overseas community, and the final result was abandoned.
X Community: Then in May-June 2024, this is actually in the middle of 2024, the craze for on-chain MEME has been high, and in the middle and late part of the year, the Chinese community has also joined in embracing the MEME on the SOLANA chain, and this MEME track has also become a mainstream track, and many people feel that it will have a bigger outbreak in 2025.
For some Musk concept-related targets, a relatively clear narrative has also begun, just like there have been many Trump concept-related targets before, including Musk concept-related targets, including Dogecoin before, right?
X Community: At that time, the top streamers in the Chinese community, such as Wang Xiaoer, participated in the CTO of the X target, and I wonder why he was optimistic about this target at the time, I think it might be because it is the Musk concept, and at the same time it is the first X on the SOLANA chain, this is a very big value. Then in the Chinese community, the CTO's price performance has seen a violent rise, and it should also have a certain degree of breaking out, then there was also a period of good results, I think it might still be because there is no such SOLANA chain PVP culture is still more prevalent, the construction-type targets can be said to be very few.
X Community: Then in November, in October 2024 was also the time when I got acquainted with SOLANA, I used to have my own community, and I have always been in the Bitcoin ecosystem, but later I also saw the momentum and trends, I think the MEME track on SOLANA may be a trend, so I also discovered the X target, at that time I shared with the group, unexpectedly everyone also likes the narrative of X, including its past experience, so our community also joined the team of Wang Xiaoer's CTO target, but we are different in that we are not the kind of PVP players, we like to do construction, the whole process of how I got to know X, as for how it will be in the future, how it was conceived and developed in the beginning, in fact, each community may have different expectations for it, but our community hopes that through X, we can lead more people to culture, feel the vision of the MEME track, and also hope to lead more people to get better results in the new track, the MEME track.
X Community: This is my idea, okay, thank you host.
JuCoin Labs: Okay, thank you very much, in fact, as we all know, X has a so-called vision, hoping to let 100 million people understand MEME through X, and embrace the infinite possibilities of the crypto world. This vision has also been elaborated in the establishment of X, including the statement just now by the speaker Brother Duck, everyone has a better understanding, X through such a platform, or through the concept of Web2 and Web3 integration, allows more people to join the crypto world. Everyone also thinks that like our MEME or as a benchmark MEME, what role does X play in this culture in the Web3 world, and what kind of infinite possibilities and development space will it bring in the future?
X Community: Regarding this question, the future vision of SOLANA is actually very similar to the positioning of our community. In fact, we used to be in the Bitcoin ecosystem, and those who have participated in the Bitcoin ecosystem should know that when we first got in touch with the Bitcoin ecosystem, it felt a bit complicated, just take the inscription for example, you need to inscribe, and the time is also very long, after the inscription can be listed, and then the delisting needs to be re-inscribed, so the overall threshold is still relatively high.
So at that time, many members of our community were more inclined to the "old money", often doing transactions in the secondary market.
X Community: The first time playing on-chain is still the Bitcoin ecosystem, it's even more complicated, and for them there is a sense of not being adapted. So in fact, our entire community has been doing user education, and is also guiding more users to enter the Web3. So for X, I also hope that the people in the community can directly feel and experience the value and future potential of the MEME track, and that is also to want to let everyone feel through a specific target. So the vision of X is also to let 100 million people understand this MEME, embrace the infinite possibilities of the crypto world, this slogan was also voted out by all the X holders at that time, I think it is quite in line with the positioning of our community.
X Community: So in the future, not only in our own community, but also in the X community, we will also help more newcomers to enter the Web3, enter the MEME track, and then get some results in the MEME track, basically this is the vision of all X Holders.
JuCoin Labs: Okay, thank you very much, X, we know that it has exceeded 100,000 believers in just one year, and has also created many industry firsts that I just introduced, what do you think are the key factors that have allowed X to achieve so many achievements? Or do you think that its community cohesion and the influence of its ecosystem will become greater and greater, and what role do you think it has played in promoting the development of X in the entire SOLANA chain ecosystem?
X Community: In fact, the fact that X has had so many Holders in one year is actually beyond my imagination, to be honest, it is far beyond my personal expectations, but the fact that it has had such a good effect, I think is also determined by the market. Its own genes are relatively good, first of all it belongs to the Musk concept, Musk actually went to tweet at the time, saying "I do know this meaning", and the picture was an X, so I think the future imagination space of X is very large.
The current market cap of X is over 7 million, so there is a very large potential here, and X is also Musk's favorite single-letter, he changed his Twitter to X, and his youngest son is also called X and has participated in Trump's inauguration, right?
Here is the English translation of the text, with the specified terms translated as requested:X Community: Including its spacecraft called spX X, so we say that for X, we believe that its fundamentals are very strong, which is also why many X Holders should have very high expectations for its future. So I think the fact that X was able to attract so many believers in a year must be because of its own value and potential, and also because of the early dissemination of the X community, which I think is inseparable from everyone's promotion. I think these are all very important, and maybe with everyone's joint efforts, it can have so many believers in a short period of time, so in fact, the role of Solana ecosystem in promoting the development of X is quite large.
X Community: Firstly, if the chain itself is prone to congestion as the user base grows, it is actually very unfriendly to users, especially new users. Solana's throughput and other aspects can meet the needs of a large community and high-frequency transactions, with a very smooth experience.
Secondly, we can see that Trump's token chose to be issued on the Solana chain, which has brought very high heat to the entire Solana, and has even pushed Solana's price to $280 or even $290. This will attract more capital and attention to the Solana ecosystem, which is definitely a big positive for X.
X Community: At the same time, we can see that the entire Solana ecosystem has a very perfect closed-loop environment for the growth of Meme, right? There are coin issuance platforms and new capital channels, and you don't need to buy the target through direct fiat currency and credit card.
Moreover, the pools on the entire Solana have large capital flows, so they no longer rely on the lack of liquidity of traditional CEXes. So I think the entire Solana ecosystem is getting better and better, and has laid a very solid foundation for the future potential of X, this is my personal understanding.
X Community: There is also the matter of CZ's endorsement of the Meme community, and X is the first Meme community to donate to Trump. I think this has left an imprint on the dissemination of X. Secondly, the dissemination will be able to spread throughout the crypto world, and must be a milestone event, but at the moment it is also an opportunity. Although there are so many positive events, in terms of X's market value, it has not really broken out yet, so this is also an opportunity, an opportunity, regarding this issue I will share up to here, host.
JuCoin Labs: Okay, thanks again for your sharing just now, let's talk about some of our future plans and development directions. As a community, do you have any thoughts on helping X to expand its ecosystem?
X Community: So regarding this issue, in fact, we just made it clear that X is a Meme target of a CTO, without a so-called project party there, in fact, its future development plan is decided by community voting, it is decided by voting, I can share some of my personal views. In fact, the current consensus of X is very good, including the current market value is in a position that I think is very cost-effective. In terms of its future planning, it is still looking at the hottest thing in the current crypto world, which is the AI sector.
X Community: I believe that the recent deep seek event has also caused a lot of news in the AI circle, and deep seek has also exceeded 100 million users in just a few days, so I think the AI sector, I think there will be more narratives or more technological breakthroughs in the future. So the focus is actually in the 2025 bull market, I am focusing on the Meme sector, and within the Meme track, I am focusing on the Musk concept and AI, these two sectors and have positions.
X Community: Although AI has fallen a bit now, everyone can see that the overall market is quite bad, but I think once the market sentiment improves and stabilizes, AI should be the first to break out. I also hope that in the future X can have the opportunity to cooperate with more AI platforms, for example, if there are some AI projects, can the X community users participate in the early experience testing or use, or have some deeper cooperation with the X community, I think this is very good, because after all, X is a CTO target, and the authority is in the black hole, no one can control it.
X Community: That is to say, as a member of the community, I can only use my own resources to connect the X community members to more benefits, or to cooperate with some projects, to provide early experience and use to the X holders, I think the AI sector is a very good direction. This is my personal idea.
JuCoin Labs: Okay, in fact, we have all perceived the rise of AI Agents or the rise of the AI concept in the previous period, and I also believe that X will focus on these relatively hot content in the future, and the community will also develop in this direction. In fact, I'm also very curious, as a MEME, its use cases are not very many, and if it involves the AI concept in the future, is it possible to involve some NFT and DeFi fields, etc., I'm quite curious about this, as you may be more familiar with it, and whether there will be some plans in the future to enhance the community governance and user incentive mechanism, I believe that as listeners and as I am not currently an X Holder, we all want to understand some of these issues.
X Community: In fact, regarding the NFT and DeFi fields, we are very welcome for some quality projects to cooperate with the X community.
Because the X community has more than 100,000 users, which is what many projects are desperately in need of, and the users of the X community are very loyal with high consensus. I think for example, if it is an NFT project, they can do some NFT airdrops to the X community users, I think this is very good.
Some GameFi type of games, I think they can also let the X community users who are interested in GameFi participate in it, I think these are good cooperation points. As for whether to increase the community governance and user incentive mechanism, I think this is not something that will be considered in this direction, because X as a very pure Meme culture, it actually has no rules. But I think currently, if you consider this as a kind of incentive, the X community in the Chinese market has established a user group of 1 million holders, with 1 million X users holding, I think this should not be considered as an incentive, but it will give the 1 million holding users the opportunity to mobilize their own resources to get airdrops from 100 projects, with each project airdropping over 100 USDT, this should also be considered as an incentive mechanism, because with the current market value, 1 million X is around 7,000 USDT, and 100 projects with over 100 USDT airdrops each, that's a value of $10,000, which means your X holding cost is zero.
Through this way, I think it can also incentivize more X enthusiasts to become million-holding users. Because 1 million is just 1 in 10,000 of the total 10 billion holding volume of X, I knew a friend before, and the reason why he was able to get big results in the crypto world is the 1% rule, that is, he will buy 1% of the tokens of the projects he is optimistic about, and after those projects he bought 1% of the tokens increased 50-100 times, he really enjoyed it.
Here is the English translation:X Community: In fact, we see that many top influencers in the Chinese-speaking area also participate in the 1% rule. For the targets I'm bullish on, I buy at least 1% of the position. This way, if you hit the jackpot, you'll have enough position to reap the gains when it pumps, which is very comfortable. But it's not realistic to achieve 1% position in every project, as the capital requirement is quite high. But for the targets we can't reach 1%, we can do 0.1%, right? I think $7,000 to $10,000 should be affordable for many users in the crypto space.
X Community: Since this target is considered significantly undervalued under the Musk concept, I think everyone here can consider joining the millionaire holder group. Not only can you hold it at zero cost, but you'll also have a large enough position to fully capture the future upside of X, which I think is a very pleasant experience.
So I think this should also be a form of community governance and user incentive mechanism, as more whales joining the community will gather a stronger consensus among X's holders, allowing better communication and brainstorming to make X even better in the future.
X Community: After all, having a position here means our attention is determined by the size of the position, which I think is currently the best approach. So I welcome everyone to join X's millionaire holder group.
JuCoin Labs: You've let us understand the millionaire holder plan and community governance. Whether for the X project or the overall cohesion of X, it will attract my attention even though I'm not a holder currently. I believe our audience will also be very optimistic about the future.
JuCoin Labs: We also look forward to more collaboration with X in the future, as X is continuously attracting more users. In terms of interaction, does X have any additional strategies, beyond what you've mentioned? We're also interested in understanding X's plans to attract more Web2 or traditional industry participants into crypto. And X's social media presence seems quite impressive, including the DeBox platform where everyone can easily access information, and the user base has already exceeded 160,000. What role has X played in community expansion?
X Community: Regarding this, I feel the X community atmosphere is really great. For example, with the DeBox platform, when WeChat groups were getting banned, a community member discovered that Mingwen π, during its most difficult time, had a market cap exceeding $900 million, surpassing ORDI. So he looked into how π achieved this success and where all the users gathered, and found that π was using DeBox, a Web3 social platform without restrictions.
X Community: When he shared this information in the community, the users decided it would be a great idea to migrate X users to DeBox. Within a couple months, the X community on DeBox has become the platform's largest. You can see the X community has a very good atmosphere, with these ideas coming from the users themselves. Not only did they migrate X users to DeBox, but they also found many loyal DeBox users, converted them to X supporters, and brought the Mingwen π community into the X ecosystem. The community atmosphere is truly fascinating - everyone uses their own ways to help X's user expansion, which I think is very interesting. Meme projects are different from VC-backed coins where a single entity controls everything and users just wait for the project to pump the price.
X Community: It's not just on DeBox - I remember when TikTok had issues overseas, many TikTok refugees flooded into Xiaohongshu, and users found the platform full of foreigners. But even before that, X community members had already discovered Xiaohongshu, where the community atmosphere is great, and some X holders were promoting X there. So you can see X's promotion methods are truly diverse - offline at Web3 conferences in Malaysia, Korea, Singapore, Hong Kong, and Shenzhen, and I really like this multi-faceted approach that can reach different user groups.
X Community: Regarding how the X community can help 100 million people understand Meme and drive Web3 adoption, I've seen users specifically set up Tencent Meetings to teach new users about operations. I thought the teachers would be experts, but I later found they were just new users themselves who learned and then wanted to pass on the knowledge - a true "new teaching new" spirit that makes the X community feel so loving. Everyone is willing to contribute what they can to support the X they hold, regardless of position size. That's why the community voted for the "Help 100 Million Own Meme" slogan - I think it's a genuine, heartfelt desire to do this. The X community is very vibrant, loving, and impactful. As for how to attract more Web2 users in the future, I think there are countless possibilities, and all of them could work well.
JuCoin Labs: Thank you. The current user base is already quite large and impressive. Does X have plans for further collaborations with other Web3 projects or even traditional internet projects?
X Community: The millionaire holder group itself is a plan - the community's 2025 goal is to airdrop at least 100 projects to this group, empowering X. So we welcome more quality projects to connect with the X community, either by leaving messages on our Chinese channels or through other channels to reach out to us.
JuCoin Labs: Okay, if any of our audience friends are interested in X or hope to cooperate with X in the future, they can actively contact our X community.
Also, as the new year has just begun, we really hope that everyone will earn more this year. Will our X community have any plans to participate in offline activities this year, and in what regions? Will our audience friends have the opportunity to join these offline activities through community raffles and communicate face-to-face with the core members of the community.
X Community: Regarding offline activities, I think as the heat of Web3 continues to rise, there will be more of these offline activities. The coverage of the entire X community is still quite extensive. We also see that at various conferences, during the period when the market was not particularly good and there was more free time, I also attended several offline Web3 events in Hong Kong and Shenzhen, and unexpectedly encountered many X holders who went to the conferences to do some promotion. So I think if you're interested in Web3, you can go to some of the more famous and well-known Web3 conferences now, and the X community should have some user promotion. As for the type of raffle activities, basically there are always some, because in the X community, including the donation of X tokens to Trump, there were people in the community who mentioned it, and everyone immediately went to donate.
X Community: It can be seen that the X holders are very willing to do this kind of thing, with people in the community contributing money and effort, and some people contributing both money and effort. The overall community atmosphere is very good. But in addition to these offline channels, you can also follow the X Chinese community online, or search for the X community in the DeBox group, including the TG group, all of which are available.
JuCoin Labs: Everyone can follow the accounts of some core members of the X Community, as well as the official Twitter of the X Community. In the future, we may have more sparks or more cooperation with X.
Today's AMA ends here. If you have any questions in the future, you can actively leave a message in the comments, or under the official Twitter of the X community, or the official Twitter of the core members of the community. I believe everyone will have a more in-depth interaction. Thank you all again.
