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2211
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7/18/2016
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Murrieta, CA
US
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727th
Edited Date/Time
11/15/2022 8:14am
Racer X Post
Interesting news. Please tell me it's not a pump-and-dump. There's been so much controversy around influencers and crypto scams. I'd hate to see Cole get involved in it. He has always seemed like a trustworthy dude but it's hard to trust these crypto endeavors, no matter who's backing them, at least for me. What are your thoughts?
Interesting news. Please tell me it's not a pump-and-dump. There's been so much controversy around influencers and crypto scams. I'd hate to see Cole get involved in it. He has always seemed like a trustworthy dude but it's hard to trust these crypto endeavors, no matter who's backing them, at least for me. What are your thoughts?
From my understand RLY is like the mother coin.
https://www.coinbase.com/price/rally
People then sign up make a "coin" and based on traffic/influence and whatever statistics they pull from they set the price. So Coles is just the same coin but valued as a sub coin of it.
So you'd buy seelys coin, then to cash out you'd convert to RLY then convert that to USD or whatever other coin you'd like.
The Shop
I’m sure there will be plenty of shit talking about it, but if this space becomes what many believe it will be he’s going to be a very early adopter and position himself very well moving forward. Nobody knows where this is all going yet, but good for him taking the first steps and experimenting in a new format.
But if a guy like Seely is just using it as a way for fans to pay him for the content and merch that he sells, then I don't think it's a big deal. But if it's being promoted as a way for people to "invest" in crypto and make money themselves, then I'm not so much a fan of that. I don't think there is any reason that a Seely crypto would have any inherent value.
Pit Row
Now don’t get me wrong, most of the NFT space is a complete joke and a huge bubble at this point, but the underlying ideas and technology behind it really have the potential to shake things up in the future once we get past the initial insanity. What Seely is offering seems like a simple way for fans to gain a bit more access and the price will reflect whatever people are willing to pay, it’s not a scam.
Unfortunately, we are just starting to see this new movement with personally branded currencies. All of the influencers are probably going to start jumping on this trend in hopes that their "personal economies" grow in popularity.
These NFTs from Rally are powered by Etherum blockchain.
Creator coins are unique in the fact you can only use them to buy the products or services of that creator. So when you buy $SEELY, you can only spend them on items or services within his "economy". The economy is the exclusive content he is advertising in the link. As a $SEELY holder, you would be able to participate in the early drops AND have the ability to use your $SEELY tokens to buy his stuff.
An investment strategy would be to buy $SEELY tokens early in the program (like right now) and then help Cole grow his "economy" so that more and more people want to buy his tokens. So actively recruiting people to like his YouTube channel, helping him sell more stuff, promoting his social drops, etc. are ways that Cole would use the $SEELY token holders to help grow his personal economy. The $SEELY holders would have a vested interest in helping him grow because growth of the amount of $SEELY token holders means the $SEELY token value will increase, which provides you with a return on your original investment. On the other hand, it could all go terribly wrong and if $SEELY goes down, your tokens will be worth less than your original USD investment.
You'll have to make a Rally account if you want to buy his tokens and you will have to deposit USD (obviously) to purchase the $SEELY tokens. If you don't spend the $SEELY tokens on his stuff, you can always convert it back to USDC and then transfer the USDC to a crypto wallet (i like Coinbase) to cash it out as USD.
Its hard to say how these tokens will perform for someone like Cole. He obviously has a great following in the moto community, but in my opinion he would need something to spark a larger fan base of his personal economy (*cough* soon to be released Target toy line * CoughCough*) which could take off and help increase the $SEELY. In the end though, he's still a niche influencer, but he definitely has one of the most predominant customer basis on YouTube and social.
If you have some spare cash lying around, show $SEELY some support and buy some tokens. Probably won't get rich, but i'm sure we've all bought dumber stuff with our money.
$DEEG....now that's an upcoming NFT that has some potential with their Social power.
Also - Buy $AMC$. HOLD for MOASS.
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