{"id":126579,"date":"2025-04-07T00:15:59","date_gmt":"2025-04-07T00:15:59","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126579"},"modified":"2025-04-07T00:15:59","modified_gmt":"2025-04-07T00:15:59","slug":"conor-mcgregors-token-creators-to-refund-bidders-after-failed-launch","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126579","title":{"rendered":"Conor McGregor\u2019s token creators to refund bidders after failed launch"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsInvestors who bid on the REAL (REAL) token promoted by former UFC champion Conor McGregor will receive a full refund after the project failed to raise above its $1 million minimum requirement.<br \/>\n\u201cWe need to be real. We didn\u2019t hit our minimum raise,\u201d the developers of the Real (REAL) token, Real World Gaming said in an April 6 X post, adding that \u201cAll bids will be refunded in full.\u201d<br \/>\n\u201cThis is not the end,\u201d RWG said.<br \/>\nThe team only managed to raise $392,315 in USDC (USDC) over a 28-hour presale on April 5 and 6 \u2014 less than half of the minimum required and approximately 11% of the $3.6 million target, which was conducted via a sealed-bid auction.\u00a0<br \/>\nThe public sale of 60 million REAL tokens (3% of the total 2 billion REAL supply) initially targeted a fully diluted value of $120 million, with the sealed bid auction starting at $0.06 per token.<br \/>\nDetails of the REAL token launch. Source: RWGOnly 668 participants were involved, according to RWG\u2019s data.Related: Celeb tokens that burned bright, then burned out, in 2024<br \/>\nMcGregor, a UFC fighter turned entrepreneur and Ireland political candidate, initially claimed that his token would be more legitimate than other celebrity-endorsed tokens, which have frequently resulted in rug pulls:<br \/>\n\u201cThis isn&#8217;t some celebrity-endorsed bullshit token, it\u2019s a REAL game changer that will improve the crypto ecosystem as well as make REAL change in the world,\u201d McGregor said in a statement shared with Cointelegraph.<br \/>\nSource: Conor McGregorWas REAL launched at a bad time?<br \/>\nThe REAL token launched in the middle of a sharp market downturn \u2014 with Bitcoin (BTC) falling, while US stocks saw an estimated $6.6 trillion loss on April 3 and 4 \u2014 the largest two-day loss ever as US President Donald Trump\u2019s tariff plans continue to raise recession fears.<br \/>\nMemecoins have also been cooling off since the launch of the Official Trump memecoin on Jan. 18, 2025. The Libra (LIBRA) token scandal involving Argentine President Javier Milei in late February also exacerbated the downward trend.<br \/>\nThe once-$100 billion memecoin market has now fallen below $44 billion and is down 13% over the last 24 hours, CoinGecko data shows.<br \/>\nMagazine: XRP win leaves Ripple a \u2018bad actor\u2019 with no crypto legal precedent set<a href=\"https:\/\/cointelegraph.com\/news\/former-ufc-champ-conor-mcgregors-token-refund-launch-fails?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsInvestors who bid on the REAL (REAL) token promoted by former UFC champion Conor McGregor will receive a full refund after the project failed to raise above its&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126579"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126579"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126579\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126579"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}