NEWS: Wrestling Star MJF Launches Own Cryptocurrency

Maxwell Jacob Friedman, also known as MJF, is an American wrestler who launched his own altcoin on June 18th, 2021 on Twitter. He started off by slamming Bitcoin and Doge, calling them garbage and calling MJF “COIN.”

MJF’s slogan for the altcoin seems to be: “My crypto coin is better than yours and you know it.”

On Twitter, he expressed his stance on crypto and the reasons why he decided to launch his own coin:

“Just in case you’ve been living under a rock or are just plain stupid, cryptocurrency is the future. That’s why I am doing you a favor by announcing the creation of $MJF, a creator coin (also known as a social token) designed to create an economy around me, the fastest and youngest rising star in the history of professional wrestling,” he says.

His statement was nothing short of a pre-match interview, stating: “By masterfully creating my own coin, I’m giving you a way to be part of my personal economy. I can’t think of anything smarter to be a part of, since I will go down as the greatest star who’s ever lived.”

MJF partnered with Rally to create and launch his namesake coin. Rally is an open network for creators to launch vibrant and independent economies with their communities on the ethereum blockchain. $MJF is launched on rally.io, and currently listed for $7.768.

$MJF is just one of the community coins that launched on Rally. However, during the interview on TechFirst podcast, Bremner Morris, CMO of Rally said that the company raised $57M to launch millions of community tokens. Morris talked about the purpose of creating coins for artists and anyone with large social following:

“Really, the primary purpose is having a currency that sort of travels with an artist or a creator into everywhere that they engage with their audience. And that’s one of the things that’s really unique about Rally, and about blockchain as well, is that rather than this being a sort of a centralized ecosystem that sits within one company, it’s a completely extensible network that can integrate into Jeremiah’s Clubhouse room, as an example. Or it could integrate into a Discord server, or it could be a mechanism for transactions on Twitch, as an example.”

While $MJF is among the trending topics right now, it looks like the crypto world is going to see a lot more of these community tokens of artists, celebrities, and athletes.

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LATOKEN crypto exchange does not provide any investment, tax, legal, or accounting advice. This article is written for informational purposes only. Like other assets, cryptocurrency is subject to market risk. Please do your own research and trade with caution.

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