In a bold move to fight against crypto scams, Iggy Azalea pledges to burn her own coins whenever a celebrity coin is identified as a scam, showcasing her commitment to fostering trust and integrity within the cryptocurrency community.
Pop star and new crypto enthusiast Iggy Azalea has announced a unique strategy: she will burn her own coins whenever a celebrity-endorsed coin is exposed as a scam (commonly known as a “rug pull”).
Her approach aims to build trust and integrity in the crypto space and differentiate herself from other controversial celebrity figures involved in the industry.
“I just think it would be great to contribute something positive,” Azalea said during an X Space discussion.
Iggy’s Memecoin Burn
“Every time there’s a rug pull, I want to burn some of my coins because I’m a celebrity in this space, and I know there will be scrutiny. So, I’ll burn some of mine every time a celebrity-backed coin is identified as a scam. I’m just going to burn.”
Azalea also shared her initial foray into the crypto world and her motivation to become part of the community during the X Space event, stating:
“Honestly, no one really onboarded me. Matt is just really into crypto and constantly talks about all kinds of technology. NFTs didn’t seem like a fit for me, but the memecoin culture, with its humor and memes, really resonated with me.”
The multi-talented artist also mentioned her plans to ensure her coin’s credibility by securing a market maker soon:
“I’m trying to have a market maker in place by the end of the day tomorrow.”
Summary Review: Iggy Azalea’s initiative to burn her own coins in response to scams reflects her commitment to promoting integrity and trust in the cryptocurrency industry. Her unique approach sets a positive example and highlights the importance of transparency and accountability in the evolving digital economy.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
