David Edwards
Renowned mixed martial arts (MMA) champion and businessman Conor McGregor has made his foray into the digital asset market with the introduction of a brand-new cryptocurrency called “REAL.” The token debuted on April 5 through a sealed-bid auction, aiming to eliminate bots and predatory trading behavior often associated with public token launches.
The “REAL” token, which was created in collaboration with the Real World Gaming decentralized autonomous organization (DAO), provides governance features and staking benefits, enabling holders to take part in project-related decision-making.
The auction, which aims to put security and fairness first, is set to run through April 6. McGregor stressed the project’s integrity in a statement, setting it apart from other celebrity-backed tokens that are frequently criticized for being insubstantial.
McGregor declared, “This is not some celebrity-endorsed token.” “It is a REAL game changer that will impact the crypto ecosystem and drive real-world change. The sealed-bid auction represents a new standard in transparent token launches, one that prevents rug pulls and sniper bots.”
McGregor emphasized openness as a major principle of the project, seeking to set a respectable standard in the erratic memecoin industry.
The introduction of “REAL” comes after a more general rise in interest in memecoins, which was partly spurred by the TRUMP memecoin’s recent release. Speculative traders continue to use these assets in spite of the market’s inherent hazards, maintaining momentum on decentralized finance platforms.
