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Cryptocurrency

The Conor McGregor token fails to launch as investors are given back the full amount

Conor McGregor’s crypto project, the REAL token, failed to secure $1 million during presale. With only 668 participants and bad market conditions, the developers will give all refunds and relaunch later.

Conor McGregor token launch failure has resulted in investors receiving full refunds. The anticipated crypto project tied to the MMA star didn’t take off as planned, underscoring the risks of celebrity-backed tokens and market hype in the crypto space.

McGregor’s crypto project, the REAL token, faces a rocky debut and bleak future; read the details. Though touted as a serious contender in the world of celebrity-backed digital assets, the initiative fell way short of its 1 million minimum fundraising target, raising just over 392,000 from 668 investors.

The administration of the sale of tokens took place on the 5th and 6th of April. It offered 60 million REAL tokens, which is just 3% of 2 billion total tokens, starting with the price of 0.06. However, as the sale was about to receive less than half of the funding, reaching only around 113.6 million of the targets, it was cancelled.

Real World Gaming (RWG), the project team, took it to social media to announce that there would be a full refund of bids. “We need to be real. The developers said we did not hit the minimum raise; they assured supporters this is not the end.

The challenging market conditions seem to be the reason for the failed launch. Investors may have been turned off because bitcoins saw hefty price falls, as did historic losses for U.S. stocks just days before the auction. Moreover, the memecoin market has lost more than half of its value in the last several months, further souring enthusiasm for new projects.

Even though he had a hiccup, McGregor asserted that he believes in it and that it is not just another celebrity scam. Currently, RWG has assured that all investor funds have been returned and hinted at revisiting and potentially relaunching the project in the future.

It’s uncertain whether McGregor’s crypto goals will get a go for a 2nd time, but for now, the REAL tokens debut has ended before it began.

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