Iggy Azalea, the Aussie rapper who has just lately entered crypto, revealed her technique to combat crypto scams.
Azalea defined her strategy in X Areas, acknowledging that she goes to “get hated on” for being a celeb in crypto. Due to this fact, to counter potential backlash, she guarantees to burn a few of her Mom Iggy (MOTHER) tokens each time a celeb venture seems to be a “rug pull.”
As such, Azalea goals to ascertain credibility inside the crypto group, setting herself other than different celebrities who’ve confronted criticism.
Do you know?
Wish to get smarter & wealthier with crypto?
Subscribe – We publish new crypto explainer movies each week!
The rapper additionally introduced her plans to safe a market maker, which might make sure the integrity of her coin, MOTHER.
Discussing her entry into crypto, Azalea revealed that her involvement was largely influenced by her brother, who’s enthusiastic about know-how and crypto. She added:
NFTs didn’t really feel like one thing that I may match inside, however memecoins contain a lot extra memeing and stuff that I actually like — that type of tradition of the web.
Nevertheless, her MOTHER token confronted scrutiny when Bubblemaps, an on-chain analytical software platform, alleged that insiders purchased 20% of the token’s provide at launch earlier than Azalea introduced it after which dumped the holdings for $2 million.
Then again, the transactions in query may have additionally been the results of miner extractable worth (MEV) bot operations. These bots exploit arbitrage alternatives utilizing publicly obtainable transaction knowledge.
Regardless of the controversies, Azalea stays dedicated to her plan, aiming to create a optimistic affect and reinforce the integrity of her crypto ventures.
Such integrity is especially wanted at this time period, as there has just lately been a surge of celebrity-related memecoins tied to alleged scammer Sahil Arora.
Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Battle II period.With near a decade of expertise within the FinTech business, Aaron understands the entire greatest points and struggles that crypto fans face. He’s a passionate analyst who is worried with data-driven and fact-based content material, in addition to that which speaks to each Web3 natives and business newcomers.Aaron is the go-to particular person for all the pieces and something associated to digital currencies. With an enormous ardour for blockchain & Web3 training, Aaron strives to rework the area as we all know it, and make it extra approachable to finish newbies.Aaron has been quoted by a number of established shops, and is a broadcast creator himself. Even throughout his free time, he enjoys researching the market traits, and on the lookout for the subsequent supernova.
