Conor McGregor’s Crypto Project fails to Meet Funding Goals
UFC champion Conor McGregor’s foray into the crypto world didn’t go as planned. His REAL memecoin project fell short of its funding target,leading to its postponement. The presale managed to raise only $392,000, a mere 31% of the $1 million minimum goal.
The project aimed to raise $3.6 million by selling 60 million tokens at $0.06 each. However, with just 668 participants, it couldn’t meet the minimum requirement. Consequently, the team paused the project and refunded all presale bids.
McGregor’s team had marketed the REAL token as a transparent and honest choice to other celebrity-backed tokens. They promised DAO voting rights and potential use in the gaming ecosystem. The token’s structure allocated 31.5% to the DAO treasury, 16.5% to the community, and 10% to the team.
despite these efforts, the launch faced challenges. The crypto market is still recovering from high-profile scams like the LIBRA memecoin scandal. This incident shows that celebrity endorsements alone aren’t enough to drive a project forward in the current environment.
Investors are becoming more cautious, even with backing from major players like Animoca Brands and KuCoin Labs. McGregor’s team plans to move forward with the project in some capacity, but the token’s launch has been delayed.
