McGregor’s REAL memecoin flops after raising 39% of presale

The Crypto starts of the UFC star, Conor McGregor, fell flat while its real same same has increased only 31% of the amount of the minimum targeted presale before being canceled.

The too publicized memecoin has raised only $ 392,000 in a 28 -hour presale, down 61% of its minimum target of $ 1 million. Consequently, the project was interrupted and all the presale offers have been reimbursed, according to the project website.

The presale used an auction format sealed on the vehicle, aimed at transparency and equity. The team, supported by the DAO of the real world game, had decided to raise $ 3.6 million and sell 60 million tokens (3% of the total offer) at a starting price of $ 0.06 each.

However, with only 668 participants and less than half of the minimum increase met, the sale could not go ahead. RWG informed investors that they will be reimbursed after non-compliance with the minimum increase.

McGregor and his team had presented the project as a more honest alternative to other tokens supported by celebrities, who were criticized and scams. He promised that the real token would be different, offering transparency, DAO voting rights and possible use in the game ecosystem.

The token structure demonstrated long -term planning, the DAO treasure receiving 31.5%, the community receiving 16.5%, seed investors receiving 13.5%and the team receiving 10%. The remaining portion was distributed between punctures, sales, paratroopers and liquidity. However, the concerns about the 10% participation of the team were already being expression.

Despite efforts, the launch occurred at a difficult time for the market. The Memecoin market is still in shock from high -level scams like the same Februarycoin balance scandal. The failure of the real token shows that, in the current environment, the mentions of celebrities are not enough to propel a project.

Investors seem to be more cautious, even with major donors such as animoca brands and Kucoin laboratories, especially when the media is changing and the importance of fundamental prominence gains. The project will go to a certain extent, according to the McGregor team, but the launch of the token has been postponed for the moment.