In 2024 internet personality and enterpeenur Andrew tate enter in to the world of crypto currency with the launch of meeme coin dady coin. Known for his bold moves, strong opinion, more fallowing on social media. Tates step in crypto quickly grabbed millions online.
But what exactly what's is daddy coin? Why did it gain so much attention so fast? What is the reaction of his fans and criticism?
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Let's take closer look
What is dady coin?
Dady coin is meme based crypto currency created and promoted by Andrew tate it is part where celebraties and influences use their personal brand to launch coins.
Tate presented dady coin as a symbol of strength, masculinity and independence. Value is speak about often. In a short time after launch the token saw huge jump and surge in popularity across social media platforms..
Reports from several crypto website says that over 200% revenue generated in just one day. At one point dady coin market cap took reached about $300 million. Shows how much influence tates holds in digital world.
REAL WORLD UTILITY NOT JUST HYPE.
While many meme coins based on social media hype. Dady coin gains real world use quickly. A travel platform called travella accepts crypto payment for booking hotels flights and more. Said that they accept dady coin as a form of payment.
This give the token some level of pracatality which many others meme coin lack for tate supporters it has shown that it is project is more than just a meme.
CONTRAVERSIS AROUND MEME COIN.
However the launch is not without criticism. Some crypto analysis raised cornens about how the token was distributed. A block chain group analatyics calimed that 30% of dady coin share holds by insider. Including 21wallets repotadly connected to the early buyers.
This led to accusation of possible insider trading and distribution unfair . Although there is no official confirmation or legal case against Tate regarding this, the story caused mixed reactions in the world of crypto community.
To respond criticism and to show confidence in the project tate burned $400 million dady coin worth of 114 million. These means token permanently removed from cirulation. Reducing supply and therotically increase the value of current holders .
Tate called this act as legendary and said it was proof his belif of future of the coin.
Andrew Tates Vision For Dady Coin.
Tate has made it clear dady coin isn't about price he claims that it is a movement build around the values he promote conference finincal freedom and taking control of his life.
He even tweeted about aming for $1 billion market cap while the goal might cause ambitious, some fans believe it is possible gives tate influence and market power.
What should you want to know before getting involved?
Just like any crypto currency you have to make your own research. Dady coin is new like some other coin it is highly volitle. The value can go up fast but also drop just as quickly.
This article is not only finincal advice what is happening in Andrew tate venture.
Wheather you love him or hate him Andrew tate know how to make noise. This project has shown both promise and controversy. But it is clear that tate is not slowing down.
Thany you guys ❤🙏
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