/ Globe PR Wire /
Los Angeles, CA — Crazylive Foundation today announced a strategic upgrade to the Crazylive Coin project, outlining its transition from a meme-driven community token to a utility-focused digital asset supported by real-world reserves and expanded liquidity on the Solana blockchain.
As part of the Foundation’s planned Regulation D fundraising round, 20 percent of the targeted USD 2 million raise will be used to purchase GLD (SPDR Gold Trust) ETF units. These holdings will serve as the initial reserve framework for the token, representing an estimated 1 percent asset-coverage ratio based on current market capitalization. The initiative aims to introduce one of the first gold-referenced Web3 community tokens designed for global Chinese users.
Shift Toward an Asset-Referenced Token Model
Crazylive Foundation stated that Crazylive Coin will evolve into a hybrid structure incorporating reserve backing, improved liquidity, and practical utility within the Crazylive ecosystem.
Gold Reserve (GLD ETF)
- 20% of the fundraise allocated to GLD
- Monthly reporting planned
- Long-term reserve expansion under review
Liquidity Development on Solana / Raydium
A new 100–1000 SOL liquidity pool will be deployed on Raydium to enhance market depth and trading efficiency. The upgrade is expected to strengthen price stability and integrate the token more closely with Solana’s decentralized exchange infrastructure.
Utility Features
Planned uses include course credits, member rewards, tipping functions, tuition discounts, and future non-security governance features. These components are intended to support practical application rather than speculative activity.
Long-Term Development Vision
The Foundation outlined a long-term plan focused on creating a scalable ecosystem serving global Chinese communities across the United States, Canada, Hong Kong, Singapore, and additional markets. The vision includes potential ecosystem growth, reserve expansion, and integration across education, community engagement, and Web3 infrastructure.
“In the AI-driven financial era, stability and transparency matter more than ever,” said Warren Wang, Founder of Crazylive Foundation. “By anchoring Crazylive Coin to gold reserves and expanding liquidity on Raydium, our goal is to build a long-term digital asset designed for the global Chinese community.”
Rationale for Gold Reserves
Gold is widely regarded as a stable store of value. By incorporating GLD ETF holdings, Crazylive Foundation aims to introduce additional transparency and reduce volatility associated with early-stage digital assets. The Foundation plans to provide ongoing reserve disclosures.
Future Reserve Expansion
The Foundation is evaluating additional reserve options, including U.S. Treasury bills, silver ETFs, tokenized treasuries, and ecosystem-based reserve contributions. These elements form the early framework for a multi-asset reserve model.
About Crazylive Foundation
Crazylive Foundation is a Web3-focused organization developing community-centered digital tools, educational programs, and blockchain-based infrastructure for global Chinese users. The Foundation oversees the development of Crazylive Coin, a utility token designed to support ecosystem participation, community engagement, and long-term transparency initiatives. Crazylive Foundation operates with a focus on responsible development, reserve-backed transparency, and practical use cases across its expanding digital ecosystem.
Disclaimer
Crazylive Coin is a utility token and does not represent ownership, equity, or profit rights. All future development plans reflect strategic intentions and do not constitute financial forecasts or guarantees.
Media Detail
CrazyLive Inc.
Person name: Warren Wang
Arcadia, California
www.crazylive.ai
+1 (626) 863-3022
info@crazylive.ai