Andrew Tate announces plans to convert his New Daddy coin into an NFT

Andrew Tate, a British-American social media personality, entrepreneur, former professional boxer, influencer, and cryptocurrency market investor, has announced plans to convert the newly launched $Daddy coin into a non-fungible token.

Andrew Tate turns his dad’s $coin into an NFT

In a short video on June 17 on X, Andrew Tate confirmed plans to convert his newly launched coin Daddy into a non-fungible token. Tate confirmed that he will reduce the total supply of $Daddy coins to the point that holding one coin will be enough to contribute to the real world universe.

My master plan for $daddy

We are joining now: https://t.co/9TN9VyfzRh pic.twitter.com/IeWnB0ccFw

– Andrew Tate (@Cobratate) June 17, 2024

The social media personality plans to buy Dad Coins with his own money and burn them to such a limited supply that it becomes a badge of honor to hold them as a digital asset. Tate will later connect the non-fungible token to the real world, where an NFT holder can increase their power levels in contributing to the platform.

By the time the real token is released, anyone with a higher power level will receive a higher amount from the airdrop. Within the real world, there will be a new council that will help Tate plan other upcoming cryptocurrency projects. All Daddy NFT holders will also be able to contribute to the board.

$Daddy Coin Overview by Andrew Tate

Former kickboxer and social media personality, Andrew Tate, launched and began cashing out his new $Daddy memecoin last week. Tate’s new Solana-powered cryptocurrency token has soared in sales volume and value, reaching a market capitalization of $275 million in just days.

Since its launch on June 9, the value of the Solana-based $Daddy token didn’t rise until Tate started promoting the project, and it really started to jump. On June 11, Tate posted his first tweet mentioning the new Daddy token before activating the project in subsequent days. As a result, the price of Solana token rose more than 450% to $0.28 in just 24 hours.

⚠️ Andrew Tate’s Promise to Real World Students ⚠️ pic.twitter.com/GC7PgJAlGV

– The Real World (@therealworld_hq) June 13, 2024

Unfortunately, Tate’s cryptocurrency project has come under fire from the cryptocurrency community, including cryptocurrency analytics startup Bubblemaps. The analysis firm described the project as a foul play, claiming that a significant portion of the offering was purchased at launch, with more purchased before Tate promoted it on X (formerly known as Twitter). The new $Daddy has since gained massive traction among traders.

1/ We found huge insider activity $daddy 🚨

Insiders bought 30% of the supply at launch, ahead of Andrew Tate (@cobratati) began promoting it on X, and currently grosses over $45 million

Thread 🧵 ↓ pic.twitter.com/UyB4SpAs9Z

– Bubble Maps (@bubblemaps) June 12, 2024

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