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Andrew Tate’s New Token Reminds Us of Crypto’s ‘Bro’ Problem

Published

5 months ago

19 July, 2024

Andrew Tate's New Token Reminds Us of Crypto's 'Bro' Problem

The bad news for Andrew Tate? He’s facing human trafficking and rape accusations. The good news? He’s been allowed to leave Romania to await trial. And rest assured, Tate isn’t wasting time repenting. Instead, he’s using the opportunity to promote his ‘electronic money‘—called DADDY—on the world stage. “I am free,” the potential political prisoner announced in a X send Friday. “I’m free to go on a world tour. A DADDY tour,” he proclaimed in an accompanying video, listing places he wants to visit, including “Tokyo, Dubai, [and] “You love me.”

Tate is just one of several celebrities who have leveraged memecoins as a way to promote their brand and make money. Tate began promoting his coin on June 11th and shortly after reached a market cap of over 217 million dollars.

I AM FREE.

FOR THE FIRST TIME IN 3 YEARS I CAN LEAVE ROMANIA.

THE FALSIFIED CASE IS FALLING INTO FAILURE.$DAD X THEREALWORLD GLOBAL TOUR LOADING –

Will you be there? Italian: https://t.co/9TN9VyfzRh photo.twitter.com/LieZl7OF9F

— Andrew Tate (@Cobratate) July 5, 2024

The so-called influencer of masculinity launched the currency to oust the rapper $MOTHER by Iggy Azalea“for the patriarchy.” “We’re bringing back the Gs, make me some fucking sandwich bitches,” he added. And he succeeded: it’s currently trading at five times the value of Azalea, according to CoinGecko data.

Tate’s views do not reflect those of the cryptocurrency world as a whole, and some of those who have purchased his token are likely driven by profit rather than ideology. However, the popularity of Tate’s coin points to the cryptocurrency industry’s persistent problem with misogyny.

While some elements of cryptocurrency have been hostile to women since its inception, the current market recovery has been based in part on appealing to the mainstream. This includes institutional investors who are gaining access to the market through Bitcoin ETF Spotsand members of Congress, who are make progress towards regulation. So, it must be the “cryptographer brother“evolve so that the sector is taken seriously?

The Unshakeable “Crypto Bro”

The term “crypto bro,” an echo of the term “tech bro,” long used to criticize hateful elements in Silicon Valley, gained traction during the cryptocurrency bubble of 2021. The phrase has no precise definition and can describe everything from hackathon-loving, legend-spewing blockchain nerds to far-right libertarians who see crypto as a way to challenge government control. Either way, the term reflects the uncomfortable truth that this was an industry created by men, for men. In fact, a 2021 survey shows only 5% of users globally they were women.

As a female journalist entering the industry in 2024, I’ve encountered the “crypto bro” culture firsthand. And I should add, it has its upsides: As a woman, you go straight to the bathroom at conferences, patiently waiting in line and checking an X. But despite conducting well over 100 interviews this year, I have yet to speak to a female founder. Azalea may be an exception, but her attempt to become the matriarch of cryptocurrency has quickly sparked a counteroffensive from Tate.

There are, of course, an abundance of women who have built successful businesses and careers in the cryptocurrency industry. To name just a few: He Yi, co-founder of Binance, and co-founder of the Tezos blockchain, Katherine Breitman. Caitlin Long, founder and CEO of Custodia Bank for digital assets. The CEO of Yuga Labs, the company behind the infamous Bored Ape Yacht Club NFT, is Nicole Muniz. A Monetary baseAlesia Haas and Emilie Choi claim the roles of CFO and COO, respectively. Mary-Catherine Lader leads Uniswap Labs as COO.

These women have succeeded in the cryptocurrency industry, but they are definitely an exception. The industry is “deeply intertwined with masculinity,” writes Professor Alexis Henshaw: Why? The best answer may be risk tolerance. Men are thought to be more willing to accept riskier investments and cryptocurrencies are thought to be a more volatile asset.

But Professor Dan Cassino, a cryptocurrency and masculinity researcher at Fairleigh Dickinson University, says the issue goes deeper. Cryptocurrency is marketed as a way for individuals to demonstrate stereotypically masculine traits, he says. That includes “mastery of complex systems, challenging existing power structures, all in the service of a heroic narrative that ends, in the telling of the people selling cryptocurrency, with them getting rich,” he says. That is, as long as they display the masculinized traits of loyalty and perseverance.

This phenomenon is exemplified in a video posted by a certain Wall Street Wolverine during the 2021 crash. The crypto influencer looks into the camera and commands: “Gentlemen, we invest with balls here. Here, HODL… Are you crying here? Take your fucking money and put it in a Santander fixed-term savings account.”

Cassino is surprised it took Tate this long to flip a coin. His audience, young men who value traditional masculinity but feel they don’t measure up, is the same audience disproportionately likely to buy cryptocurrency, he says. Tate has calculated that if he can sell his “Hustler University” to his fans, he can sell them in cryptocurrency.

Young men moving to the right

Unlike previous cycles, thanks to ETFs, institutional investors have now entered the market. As a result, the sector no longer relies solely on the portfolios of young men. Despite this, retail investors are still setting the tone for the sector. While surveys suggest that female adoption is on the rise, in 2024 the crypto bro “will certainly still exist,” Cassino says.

Today, only 6% of Cryptocurrency CEOs are women. And users are still disproportionately young men. Most recent adoption statistics—taken from Norway—show that men are still more than three times more likely than women to own cryptocurrency, and 70% of users are under the age of 40. In March, the Financial Times reported that custodian Copper served sushi to two naked models at a private event at a cryptocurrency conference. Meanwhile, as celebrities keep their distance, Elon Musk and Donald Trump have emerged as industry figures. And now, there’s Tate’s global DADDY tour to look forward to.

And in light of the broader changes in the political landscape, the crypto bro’s perseverance makes sense. A recent relationship found that young men have become more conservative since 2014, around the time cryptocurrencies began to gain popularity, and they are the only U.S. population group to do so. “Despair” and “disillusionment” with established politics were popular words used among respondents. Faced with a society where gender roles are in flux, and women are more likely than men to attend collegeSome are banking on Tate and cryptocurrency’s promise of financial freedom to revive notions of traditional masculinity.

Memecoin and the boys

Usurping the role NFTs played in previous cycles, memecoins have dominated the tone of the current market recovery. Memecoins merge finance, internet trends, and gambling, with investors flocking to the highly speculative and ironic asset during viral moments. And young men are the “base” of this craze, Cassino says. While the crypto world once revolved entirely around Bitcoin, many new adopters have instead embraced DOGE, PEPE, and SHIB (and now DADDY). This reflects a continued desire to join a community bound by shared risk and united with a middle finger to the system—any system, even cryptocurrency itself.

There is no data on the gender split of memecoin investors. However, as high-risk, anti-authority investments, the coins share a similar allure Memestock. So, the latter enthusiasts can be considered a substitute for memecoin hobbyists. Nathaniel Popper’s recent book The Trolls of Wall Street tells the story of the Memestock saga in which the “degenerates” on Reddit pulled out the Game Store trade that shook Wall Street. A tale of institutional defiance for some, Popper reveals a different story, one of socially isolated and chronically online young men who fail to thrive through traditional means and so seek an outlet.

The memestock craze shares similar characteristics to Tate’s superfan with young men seeking community to push back against a perceived threat to their masculine identity. But does crypto need to shed its bros to be taken seriously? Cassino believes that if the watering down of bro culture leads to the proliferation of gray suits, crypto could lose its appeal, turning into just another financial instrument. But then, would anyone care? “You could argue that without crypto bros, there’s not much left,” he says.

Crypto’s unique selling point is the community that surrounds it. Community is never a bad thing, especially one that allows men to bond. The challenge Crypto faces is how to maintain its culture while expanding its membership. Bro crypto has likely fallen out of favor due to bad actors like Sam Bankman-Fritto AND Changpeng ZhaoBut now, with both behind bars, the industry has a chance to rebrand degeneration as inclusivity and remind the public that its existence arose in response to the failure of broader social and economic systems.

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TokenTalk Staff

We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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News

Top 5 Crypto Pre-Sales for August 2024

Published

5 months ago

1 August, 2024

TokenTalk Staff

Have you heard about cryptocurrencies in 2011? Was Bitcoin so popular back then? Well, yes, some forward-thinking people saw its potential early and invested in BTC back then. Investors were skeptical about this new financial element; however, many took the risk and invested what they could risk in the cryptocurrency market.

Going through the list of top presales, we have identified and studied five of the main candidates that can change the game on the trading charts. These new opportunities promise the best returns and a great chance to buy tokens at affordable prices. While 5thScape is at the top of our recommendation, projects like DarkLume and Artemis Coin are pioneers in their respective categories.

Top 5 Crypto Pre-Sales to Add to Your Watchlist in 2024

Below we present the top five cryptocurrency pre-sales that you should consider adding to your investment watchlist.

5th Landscape (5SCAPE) – King of digital VR gaming with AR/VR elements
Dark light (DLUME) – Virtual Metaverse for Social Exploration
SpacePay (SPY) – Versatile Financial Payment Gateway for Seamless Transactions
EarthMeta (EMT) – Replicating our planet on a virtual platform
Artemis Coin (ARTMS) – NFT Marketplace for Digital Real Estate Investment

In-Depth Review: The Best Crypto Pre-Sales of 2024

Now, let’s take a closer look at these pre-sale events and how they can help investors make significant profits this year.

5th Landscape (5SCAPE)

The 5thScape project combines emerging technology using the fundamentals of virtual and augmented reality on the Ethereum platform using its native currency as 5SCAPE. Users of the token experience increased security and interactive gameplay in the digital space.

Here are the potential reasons why investors are admiring the 5thScape ecosystem:

Immersive Gameplay: With over five game titles, the platform is ready to amaze the audience with games ranging from archery, sports, battle and high-speed racing.

Innovative VR Content: 5thScape’s progress in the crypto-gaming space will contribute to the development of educational resources and other VR content on the website.

Motion Control Gadgets: This project is working hard to introduce VR devices such as headsets and gaming chairs with precise controls and high-resolution soundscapes to achieve the best immersive feeling while exploring the ecosystem.

Practical utility: 5SCAPE tokens stimulate participation in various activities and convert the ecosystem into economic value for investors.

Staking Opportunities: Acquiring 5SCAPE tokens after listing on exchanges can generate higher earnings

Free Giveaways and Prizes: The distribution of free coins and VR subscriptions attract investors.

Visit 5thScape for more details>>

Dark Light (DLUME)

We just saw how 5thScape captures investors with its AR/VR digital landscape. DarkLume works on similar VR principles but has a completely new VR metaverse. Its presale is about to hit the $1 million mark and simultaneously increase fund inflows.

What are the specifics that allow DarkLume to lead the metaverse industry?

Native currency: The project has DLUME as a digital currency that can be used for in-game purchases or upgrades. These utility tokens also give their holders the right to vote on the development and expansion of the project.

Benefits of staking: Investors who want to hold and earn from this currency expect to multiply their funds after the stock market listing.

Exploratory Metaverse: Once you enter this world, there is no turning back. There are so many opportunities to find recreational activities and relieve stress. Walking through lush landscapes and stargazing at night can be a memorable experience. If you are a party animal, DarkLume’s virtual discos and clubs will win you over.

Visit DarkLume for more details>>

Payment for space (SPY)

Traditional financial setups face many challenges in daily transactions and are also expensive. To solve these concerns, Maxwell Bunting founded SpacePay by combining cryptocurrency payments and blockchain technology. The London-based startup makes online shopping and payments more seamless by integrating its network with existing card terminals, allowing users to make payments in any digital currency. Merchants can choose to receive payments in conventional currency without having to pay exorbitantly.

SpacePay has designed a user-friendly and convenient interface that supports over 325 crypto wallets. SPY, the native token of this platform, serves to enable all transactions within its ecosystem. Tokens can also be used to generate passive income through staking and additional community rewards.

EarthMeta (EMT)

EarthMeta is a virtual metaverse created to replicate our planet, Earth. It is listed as one of the best crypto pre-sales of 2024, with a focus on creating new NFT platforms and virtual assets in premium cities. The startup encourages users to own and govern virtual landscapes.

Cities are then further broken down into smaller assets such as landmarks, buildings, monuments, parks, schools, and more. NFTs can now be bought and sold in the project’s marketplace. Governors are eligible to earn 1% fees per transaction within their city. EMT token holders can also generate more at once with custom API integrations and participation in DAO activities.

Artemis (ARTMS)

Today we have covered a number of financial projects that you can consider along with 5thScape, the most promising VR coins of the decade. Artemis (ARTMS) is a financial platform that allows investors to transact and trade using its digital asset, ARTMS. Users can also lend, borrow, stake, save, and generate rewards from yield farming.

The project is about to enter Phase 4 of development which will see the launch of the Artemis Crypto System. This system is customized to facilitate a large number of secure and transparent crypto transactions. Cryptocurrency enthusiasts and professional entities can buy and sell products such as smartphones, bicycles and internet services using crypto payments. Early investors have great advantages until the project is available at a discounted price in the pre-sale.

Read this before investing in the next cryptocurrency market

Experienced investors know the factors to consider before investing in this dynamic market. Here are some points that beginners should remember before securing a position in the cryptocurrency universe.

It is essential to verify the project details and the founders.
Read and understand the whitepaper for all the technical information about the ICO, the roadmap and the mission of the project.
The project roadmap will provide greater clarity on milestones and results achieved.
Review the fundamentals of the new technologies involved in the development of the platform.
Before investing in any cryptocurrency, carefully evaluate the benefits and risks to avoid losses and build a profitable portfolio.

Conclusion

5thScape ICO Offers Tokens at Deeply Discounted Prices. Once the presale is over, the token price will skyrocket 434% from the first round and promise 600x returns to early investors. Who wouldn’t want to be part of an innovative and growing VR ecosystem? Check your details, review all the documents and start investing in 5thScape now.

Time flies, and so does the $100,000 prize.

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News

Best Upcoming Cryptocurrencies for Long-Term Profits: Turn $100 Into $1000 With These Picks

Published

5 months ago

1 August, 2024

TokenTalk Staff

Have you ever wondered how much return Bitcoin has given to investors who bought this gold cryptocurrency a decade ago? In 2014, Bitcoin reached its significant milestone of $1,000 in the first month. Currently, it is trading at around $64k, which is an astonishing 6300% increase in the span of 10 years. No stock, no ETF could ever give you such monumental returns. This simply proves that the cryptocurrency market turns your dreams of investment returns into reality.

While the established giants are not giving so much returns now, the ball is in the court of upcoming cryptocurrencies that are based on the development of projects to provide up to 1000x returns in the near future. In this article, we will explore 5 upcoming cryptocurrencies for long-term earnings that can turn your $100 into $1000 – the only key is strategic investing with a lot of patience!

Best Upcoming Cryptocurrencies For Long Term Profits

Below we list the top 5 cryptocurrencies for long-term gains, which are set to give you returns of up to 1000 times in the coming times.

5th Landscape (5LANDSCAPE)
Dark light (DISGUST)
BlockDAG (BDAG)
eTukTuk (TUK)
WienerAI (WAI)

Take a deeper look at the background of these 5 upcoming cryptocurrencies for long-term gains and see why they could be viable options for your cryptocurrency portfolio.

1. 5° Landscape (5SCAPE)

5thScape is changing the face of entertainment by merging augmented and virtual reality with blockchain technology, offering a VR content ecosystem unlike any other destination on the internet. Its native token, 5SCAPE, is the cornerstone of this innovative ecosystem. With a limited supply of 5.21 billion tokens, 5SCAPE offers early investors a unique opportunity to participate in the growth of a potentially transformative platform.

Combining the immersive experiences of VR technology with a cryptocurrency that has a real-world use case, 5thScape presents a compelling investment proposition. The project’s focus on providing unparalleled user experiences, coupled with its potential to generate substantial returns, makes 5SCAPE an ideal new cryptocurrency to have in your portfolio for long-term gains.

Click here to invest in 5thScape today >>

2. DarkLume (DLUME)

DarkLume is a meticulously crafted metaverse where users can experience a lavish digital lifestyle. At its core is the DLUME token, the currency that powers this virtual economy. By owning DLUME, users gain access to exclusive experiences, from owning virtual properties to attending high-society events and hosting virtual celebrations with their friends.

The metaverse is divided into virtual countries, each with its own citizenship requirements. To become a citizen, users must possess a specific amount of DLUME. Maintaining citizenship involves paying taxes in DLUME and creating a sense of community and responsibility among users.

Unlike other metaverse platforms that are limited to digital interactions only, DarkLume offers a wide range of activities, from leisure and entertainment to social interactions and exciting experiences. The platform’s focus on luxury ensures that every aspect of the metaverse is designed to exceed expectations. As DarkLume continues to grow, its DLUME token is expected to be in high demand. The metaverse concept is supported by renowned names such as Mark Zuckerberg and Satya Nadella. As it is the future of immersive socialization, the DLUME token is expected to appreciate in value over time.

Explore DarkLume’s website to learn more

3. BlockDAG (BDAG)

BlockDAG is an innovative blockchain platform that uses a Directed Acyclic Graph (DAG) structure together with blockchain technology to offer fast transaction speeds, lower fees, and better scalability.

Unlike traditional blockchains that process transactions sequentially, BlockDAG processes them in parallel, which allows it to handle a much higher transaction volume. This approach makes BlockDAG an ideal platform for applications that require high throughput and low latency, such as DeFi, gaming, and IoT. Its presale has been a great success so far, and BlockDAG’s adaptability may be an optimistic sign for early investors in the BDAG token.

4. eTukTuk (TUK)

eTukTuk is a new leading crypto project that combines sustainable transportation with blockchain technology. Its main goal is to electrify the famous “tuk-tuk” industry, reducing carbon emissions that cause environmental damage while creating a thriving ecosystem. Its TUK token powers the entire platform.

One of the most notable features of eTukTuk is its Play-to-Earn (P2E) gameplay. Players can earn TUK tokens by completing challenges and missions in the game. This gamified approach not only makes the platform engaging but also incentivizes user participation in building the eTukTuk ecosystem. The primary utility of the TUK token is as a mode of payment for tuk-tuk drivers who use EV charging stations for their vehicles installed across Sri Lanka. The project will soon expand to other countries.

Overall, the value proposition of the TUK crypto token is strengthened by its utility within the platform. It can be used to purchase electric tuk-tuks, charge them at the network’s charging stations, and access various platform services. As eTukTuk adoption grows, demand for TUK tokens is expected to increase, potentially resulting in significant appreciation in the token’s value.

5. WienerAI (WAI)

WienerAI is a new blockchain-based platform that uses next-generation artificial intelligence (AI) technology to transform the cryptocurrency trading space. Its flagship product is an AI trading bot (with a sausage-themed mascot) designed to analyze market trends, identify potential opportunities, and execute trades with zero errors. With the power of AI, WienerAI provides users with a market edge in the complex and dynamic world of investing.

The platform’s native WAI token is a digital asset that underpins the entire ecosystem. Token holders can enjoy various benefits, including discounted trading fees, priority access to new features, and even a share of the platform’s profits. As WienerAI gains traction and its AI trading bot proves successful, the continued flow of demand for the WAI token will fuel its price.

Final Thoughts: Best Cryptocurrencies for Long-Term Profits

Each cryptocurrency project explored in this article brings a unique and innovative perspective to the blockchain industry. From the immersive worlds of 5thScape and DarkLume to the efficiency gains of BlockDAG and the sustainability focus of eTukTuk, not to mention WienerAI’s AI-powered trading bot with a new approach to investing, these projects are pushing the boundaries of what’s possible with blockchain technology.

While all of these projects are promising, 5thScape and DarkLume stand out as particularly interesting investment opportunities. The combination of 5thScape’s robust VR ecosystem tokenomics and unique AR/VR offeringstogether with the fantasy world of the DarkLume metaversehas the potential to appeal to a wide range of investors who may be entertainment lovers, not just cryptocurrency enthusiasts. Given their current presale stages, acquiring 5SCAPE and DLUME tokens at these early-bird prices could prove to be a strategic move for those seeking substantial returns.

This is a sponsored article. The opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on the information presented in this article.

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News

Avalanche Predicts ‘Most Bullish Unlock’ in Broader Market $1 Billion in Token Release

Published

5 months ago

1 August, 2024

TokenTalk Staff

Avalanche anticipates ‘most bullish unlock’ amid broader market $1 billion in token release

Token Unlocks data shows that several crypto projects:AvalancheWormhole, Aptos, SandboxArbitrum, Optimism and others are set to unlock around $1 billion worth of tokens in August.

Approximately $260 million will be allocated in the first three days of the month.

Crypto projects often schedule token unlocks to control the asset supply and prevent market oversaturation. This gradual release helps avoid significant sell-offs by early investors or team members who hold large amounts of crypto assets.

Wormhole and Avalanche to Release Over $400 Million in Tokens

The biggest news this month will be Wormhole and Avalanche.

On August 3rd, Hole in the walla cross-chain messaging protocol, will release 600 million tokens worth $151.67 million, or 33.33% of its circulating supply.

Avalanche will follow on August 20, unlocking 9.54 million AVAX tokens worth approximately $251 million, or 2.42% of its circulating supply.

The Token Unlocks dashboard shows that 4.5 million AVAX, worth $118.53 million, will go to the Avalanche team, 2.25 million AVAX, worth $59.27 million, will go to strategic partners, and the remainder will go to the Foundation and as an airdrop.

Farid Rached, former head of ecosystem growth at Avalanche, underlined that this planned unlock would be the most bullish in its history because “it is the last big step for the team and public/private investors.”

Other important unlocks

Sui, a layer 1 network, will unlock 64 million tokens worth $50 million, or 2.56% of its circulating supply, on August 1.

Similarly, decentralized exchange dYdX will issue 8.33 million tokens worth nearly $11 million, or 3.65% of its circulating supply. These tokens will be distributed to investors, founders, staff, and future employees.

Aptos will unlock 11.31 million APT tokens worth $74.64 million on August 12. These will be allocated to the Aptos community, top contributors, the foundation, and investors, with top contributors receiving the largest share: 3.96 million APT worth $26 million.

On August 14, Sandbox will release 205.6 million SAND tokens worth $66.75 million. This issuance will be split between the team, advisors, and a corporate reserve.

Finally, Ethereum’s layer 2 networks Referee AND Optimism will collectively unlock over $110 million worth of tokens by August 16 and 31, respectively.

Mentioned in this article

Posted in: Avalanche, Tokens

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News

Big Tech Beats Bitcoin (BTC) as Trump’s Trade Cancellation Weakens Token

Published

5 months ago

1 August, 2024

TokenTalk Staff

Big Tech Beats Bitcoin (BTC) as Trump's Trade Cancellation Weakens Token

Bitcoin has failed to join the cross-asset rally fueled by dovish comments from the Federal Reserve, as the tight US election race casts doubt on Donald Trump’s ability to implement his pro-cryptocurrency agenda.

The digital asset slipped 2.4% on Wednesday, tracking a Fed-fueled surge in an index of the Magnificent Seven large-cap tech stocks by one of the widest margins in 2024. The token fell further on Thursday, changing hands at $63,750 by 6:10 a.m. in London.

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