Iggy Azalea promises to burn coins to prevent cryptocurrency fraud
Australian rapper Iggy Azalea, who recently entered cryptocurrency, She revealed her strategy for fighting cryptocurrency scams.
Azalea explained her approach at X Spaces, admitting that she “is going to get hate” for being a big name in the cryptocurrency industry. So, to counter her potential backlash, she promises: Burns some of her Mother Iggy (MOTHER) tokens whenever a celebrity project seems like a “rug pull”.
In this way, Azalea Aims to build trust Within the cryptocurrency community It sets him apart from other celebrities who have faced criticism.
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The rapper also announced her We plan to secure market makers, This will ensure the integrity of her coins, MOTHER..
Discussing her foray into cryptocurrency, Azalea revealed: her Participation was greatly influenced by my brother, I am a person who is passionate about technology and cryptocurrency. She added:
NFTs never seemed like something I could embrace, but memecoins contain a lot more memes and what I really love: internet culture.
However, her MOTHER token faced scrutiny when Bubblemaps, a platform for on-chain analytics tools, claimed: Insiders purchased 20% of the token supply at launch. Before and After Azalea Presents I dumped the stock for $2 million.
Meanwhile, the transaction in question is It may also be the result of Miner Extractable Value (MEV) bot activity. These bots use publicly available transaction data to exploit arbitrage opportunities.
Despite the controversy, Azalea remains committed to her plans, aiming to create positive impact and strengthen the integrity of cryptocurrency ventures.
This integrity is especially necessary during these times, given the recent surge in celebrity-related memecoins involving suspected fraudster Sahil Arora.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
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