Our Whitepaper

FIATXGOLD ($FIATXGLD) — Meme Coin Whitepaper

Status: Community meme coin • Experimental • Education-focused

1) TL;DR

Ticker: FIATXGOLD
Blockchain: Solana
Contract Address: GN5ie7hcB4m95SoVrgHAc1L1ePCAFmobNhx6RFgRjupx
Theme: Meme coin that "eats" its own supply when gold goes up.
Signal: Front-month CME gold futures (active contract).
Trigger: If daily gold ↑ ≥ 0.5%, FIATXGOLD burns tokens.
Linkage: x% gold increase ⇒ x% FIATXGOLD supply burn (subject to developer burn-reserve balance).
Burn Source: Developer wallet (pre-allocated burn reserve).
Timing: Burns occur at undisclosed times within the day when the trigger is met (anti-front-running).
Goal: Gradual supply collapse → convex (exponential-like) price response as demand meets shrinking supply.

2) Motivation & Meme

Fiat vs. gold is an old meme. FIATXGOLD channels that meme into a programmed supply diet.
When gold strengthens, FIATXGOLD self-cannibalizes supply. When gold weakens, FIATXGOLD does nothing.
Asymmetric design: Upside supply pressure only. Downside is demand-driven only.

3) Supply & Current State

Initial supply (S₀): 1,000,000,000 FIATXGOLD.
Mechanism: Ongoing burns over time from a dedicated Developer Burn Reserve (DBR) wallet.

Note: Exact current supply depends on Solana on-chain state. Always verify on the official supply dashboard and Solana block explorer.

3.5) Sustainable Value Creation: Why This Isn't a Typical Meme Coin

Most meme coins have no intrinsic utility or value mechanism — their price is purely speculative and driven by community hype cycles that inevitably fade. FIATXGOLD is architecturally different.

Educational Foundation with Economic Substance:
While born as a community education tool to illustrate tokenomics and external-signal mechanisms, FIATXGOLD embeds a long-term, sustainable value-creation engine: programmatic supply burns tied to real-world gold price movements.

Hedge Instrument Without Collateral:
FIATXGOLD functions as a behavioral hedge to gold price increases — not through asset backing or collateral, but through supply-side scarcity pressure. When gold rises, FIATXGOLD supply contracts. Long-term holders benefit from progressive scarcity, even in the absence of traditional backing.

The Scarcity-Elasticity-Value Chain:

  1. Supply Reduction → Decreased Price Elasticity
    As total supply shrinks through burns, the remaining float becomes increasingly scarce. Price elasticity measures how much supply responds to price changes. With a smaller, tighter float, the same unit of demand creates larger price movements.

  2. Inelastic Supply + Constant/Rising Demand = Exponential Price Response
    Standard price discovery: P ≈ Market Cap / Supply.
    As Supply (S) decreases while demand (Market Cap) remains stable or grows:

    • Linear supply reduction → non-linear (convex) price increase.

    • Example: Halving supply from 500M to 250M doubles price if demand is unchanged.

    • Sequential burns compound this effect: each burn makes the next burn more impactful.

  3. Convexity and Exponential Behavior
    Mathematically, repeated percentage burns create a multiplicative decay in supply:
    Sₙ = S₀ × ∏(1 − fᵢ)
    As supply decays, the denominator shrinks faster than linearly, causing price to rise in a convex (exponential-like) trajectory under persistent or growing demand.

  4. Long-Term Holder Advantage
    Holders who accumulate and hold through multiple burn cycles benefit from:

    • Increased ownership percentage of a shrinking float.

    • Amplified price sensitivity to new demand.

    • Structural scarcity premium as the asset becomes harder to acquire in size.

No Collateral, Pure Scarcity:
FIATXGOLD is not backed by gold or any asset. Its value proposition is entirely scarcity-driven: as supply disappears, remaining tokens represent claims on a progressively scarcer asset. This mirrors Bitcoin's halving cycles but tied to an external, real-world indicator (gold) rather than time alone.

Result:
FIATXGOLD combines meme-coin accessibility and community engagement with a mathematically-grounded deflationary mechanism designed to reward patience and create sustainable, long-term value appreciation through scarcity and elasticity dynamics — not hype cycles.

4) Economic Intuition

If demand is flat and supply falls, price ≈ Market Cap / Supply rises.
Repeated percentage burns compound:
(Sₙ = S₀ × ∏(1 - fᵢ)), where fᵢ is burn fraction at event i.

Convexity: Larger or frequent gold up-moves shrink float faster → price reacts nonlinearly as float tightens.

5) Market Signal

Asset: CME front-month gold futures (active contract; symbol varies as contract rolls).
Price source: Aggregated feeds referencing the current active contract.
Measurement window: UTC day. Compare today vs. prior day reference price.

Reference price options (configurable):

  • Prior session settlement price, or

  • Rolling TWAP over a fixed window (e.g., 1h) anchored to prior day’s close.

Roll handling: On contract roll, the active (most liquid) contract becomes the reference without user action.

Implementation sets one reference method at launch and discloses it. Changes require a governance vote and a timelock.

6) Core Rule (Simple Version)

Let x% be today’s gold percentage change vs. the defined reference.
Trigger: if x ≥ 0.5 then burn x% of current total supply (Sₜ).
Source of burn: Developer Burn Reserve (DBR) wallet.
Timing: One or more undisclosed executions within the UTC day after trigger confirmation.

If gold falls (x < 0), no burn. Price is entirely market-driven.

7) Formal Burn Specification (Exact Version)

7.1 Definitions

(Gₜ): Gold price (active CME front-month) at end of day t by the chosen method (settlement or TWAP).
(xₜ = 100 × (Gₜ / Gₜ₋₁ − 1)): Gold % change day t.
Threshold: (θ = 0.5%).
(Sₜ): FIATXGOLD total supply just before any burn on day t.
(Dₜ): Developer Burn Reserve balance just before any burn on day t.

7.2 Burn Fraction & Amount

Burn fraction:
fₜ =
xₜ / 100, if xₜ ≥ θ
0, if xₜ < θ

Intended burn amount: Bₜ = fₜ × Sₜ
Feasibility constraint: Burn cannot exceed reserve: Bₜ = min(Bₜ, Dₜ).

7.3 State Update

Supply after burn: Sₜ⁺ = Sₜ − Bₜ
Reserve after burn: Dₜ⁺ = Dₜ − Bₜ
Reference reset: Gₜ becomes next day’s baseline.

If Dₜ = 0, burns stop until reserve is replenished (if ever).

7.4 Progressive Burn Fraction Adjustment

To ensure long-term sustainability and prevent premature exhaustion of the burn mechanism, the burn fraction is dynamically adjusted based on remaining supply relative to the original supply (S₀ = 1,000,000,000).

Adjustment Schedule:

Supply Threshold (% of S₀)Burn Fraction MultiplierEffective Burn≥ 40% (≥400M tokens)1×x% gold ↑ → x% burn< 40% (<400M tokens)1/2×x% gold ↑ → (x/2)% burn< 30% (<300M tokens)1/4×x% gold ↑ → (x/4)% burn< 25% (<250M tokens)1/5×x% gold ↑ → (x/5)% burn< 20% (<200M tokens)1/6×x% gold ↑ → (x/6)% burn< 15% (<150M tokens)1/7×x% gold ↑ → (x/7)% burn< 10% (<100M tokens)1/8×x% gold ↑ → (x/8)% burn

Formal Expression:

Let (Sₜ) = current supply and (S₀) = 1,000,000,000.
Define supply ratio: (rₜ = Sₜ / S₀)

Burn fraction multiplier (mₜ):

  • mₜ = 1, if rₜ ≥ 0.40

  • mₜ = 1/2, if 0.30 ≤ rₜ < 0.40

  • mₜ = 1/4, if 0.25 ≤ rₜ < 0.30

  • mₜ = 1/5, if 0.20 ≤ rₜ < 0.25

  • mₜ = 1/6, if 0.15 ≤ rₜ < 0.20

  • mₜ = 1/7, if 0.10 ≤ rₜ < 0.15

  • mₜ = 1/8, if rₜ < 0.10

Adjusted burn fraction:

fₜ = (mₜ × xₜ) / 100, if xₜ ≥ θ
fₜ = 0, if xₜ < θ

Rationale:
This progressive reduction preserves the burn mechanism's longevity while maintaining scarcity pressure. As supply becomes increasingly scarce, smaller absolute burns can still create significant price impact due to the tighter float.

Example:
If supply = 350M (35% of S₀) and gold rises 2.0%:

  • Multiplier = 1/4 (since 30% ≤ 35% < 40%)

  • Burn fraction = (1/4) × 2.0% = 0.5%

  • Burn amount = 0.5% × 350M = 1,750,000 tokens

Disclaimer: Once the Developer Burn Reserve (DBR) falls below 10% of total supply, the effective burn percentage will be proportionally reduced to ensure long-term sustainability of the mechanism.

8) Execution Mechanics (on Solana)

Detection: Off-chain oracle or keeper service computes (xₜ) daily.
Authorization: Burn executed by multisig wallet (developer burn controller).
Anti-front-running: Randomized intra-day scheduling to hide burn timing.
On-chain proof: Every burn tx includes (xₜ), oracle round IDs, and signature proofs.

9) Parameterization

Threshold (θ): 0.5%
Mapping: 1:1 (x% gold ↑ ⇒ x% supply burn), subject to reserve balance.
Time standard: UTC
Windows per day: Configurable (e.g., 1–6). Hidden exact times.

10) Tokenomics

Initial Supply: 1,000,000,000 FIATXGOLD
Current Supply: ~500,000,000 FIATXGOLD (or less) post-burns (verify on Solana explorer)

Suggested Allocation Template:

  • Developer Burn Reserve (DBR): 60–70% (solely for protocol burns)

  • Liquidity & Market Making: 15–25%

  • Treasury (ops, audits, infra): 5–10%

  • Community (airdrops, grants): 0–5%

Vesting: DBR is non-transferable except for burn. Enforced on-chain.
No emissions. No minting.

10.1 Developer Holdings & Burn Dynamics

The developer wallet typically holds over 20% of the total token supply at any given time.
This allocation is crucial, as all supply burns originate from this reserve.
The developer’s holdings therefore serve as the engine of the burn mechanism, ensuring continued supply reduction as long as the reserve remains active.
As the reserve depletes through burns, overall scarcity increases — but long-term sustainability requires retaining a minimum developer allocation to prevent premature exhaustion of burn capacity.

11) Example (Simplified)

x = 1.2%, Supply = 520,000,000 → Burn = 6,240,000 (from DBR)
New Supply: 513,760,000 FIATXGOLD

12) Chain & Contract (Solana)

Standard: SPL Token (Solana Program Library).
Program: Custom Solana program managing burn logic and DBR wallet.
CA: GN5ie7hcB4m95SoVrgHAc1L1ePCAFmobNhx6RFgRjupx
Oracle Integration: Uses off-chain computation + Solana oracle feeds.

13) Transparency

Dashboard:

  • Supply, DBR balance, latest gold price delta.

  • Burn history on-chain with tx hashes.

14) Disclaimer

FIATXGOLD is a meme coin and a community project for educational purposes.
Not an investment. No promise of profits or future returns.
No guarantees on price, liquidity, or protocol continuity.
Participation may result in total loss. DYOR. Obey your local laws.