Andrew Tate, a British-American social media personality, businessman, former professional kickboxer, and crypto market influencer and investor, has announced plans to turn his newly launched $Daddy coin into a non-fungible token (NFT) collectible.
Andrew Tait confirmed plans to turn his newly launched coin, Daddy, into a non-fungible token collectible in a short video on June 17. Tait said he would reduce the total supply of $Daddy coins to the point where holding one coin would be enough to contribute to the real world.
The social media celebrity plans to buy Daddy coins with his own money and burn them to the point where the supply is limited, making it a badge of honor as a digital asset. Tate will then link the non-fungible tokens to the real world, and NFT holders can increase their power level by contributing to the platform.
Anyone with a higher power level will receive a larger amount of airdrops when he launches the real token. In the real world, there will be a new committee to help Tate plan other upcoming crypto projects. All Daddy NFT holders will also be able to contribute to the committee.
Andrew Tait's $Daddycoin overview
Former kickboxer and social media personality Andrew Tait launched and began promoting his new coin, $Daddy memecoin, last week. Tait’s new Solana-powered crypto token has surged in sales and value, reaching a market cap of $275 million in just a few days.
Since launching on June 9, the Solana-based $Daddy token did not increase in value until Tate began promoting the project, but only really began to rise after he began promoting it. On June 11, Tate published the first tweet mentioning the new Daddy Token, and then actively promoted the project in the following days. As a result, the Solana token rose by more than 450% in just 24 hours, reaching a price of $0.28 per coin.
Unfortunately, Tate's crypto project has been criticized by the crypto community, including crypto analytics startup Bubblemaps. The analytics firm called out the project for shady practices, claiming that most of the supply was bought at launch, and more were bought before Tate promoted it on X (formerly Twitter). The new $Daddy coin subsequently gained huge traction among traders.
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