Pro Wrestler MJF Creates His Own Crypto Because Bitcoin, Dogecoin Are 'Garbage'

American professional wrestler Maxwell Jacob Friedman, who performs for All Elite Wrestling, has launched his own cryptocurrency.

What Happened: Friedman announced the launch of $MJF, a creator coin, on Twitter on Thursday. The pro wrestler partnered with Rally Network, which is known to enable creators to launch their own cryptocurrencies on the Ethereum ETH/USD blockchain. The $MJF tokens will be swappable with Rally Network’s native ERC-20 token $RLY.

See Also: How to Buy Bitcoin

“By masterfully creating my own coin, I’m giving you a way to be part of my personal economy,” Friedman said in a note to his fans. “I can’t think of anything smarter to be a part of, since I will go down as the greatest star who’s ever lived.”

Friedman maintained a disparaging tone throughout his message, perhaps for a comical effect like his onscreen character, and said buying his creator coins with the Rally Network should be easy "even for the dumbest of the dumb with a credit card."

Why It Matters: Friedman described cryptocurrency as "the future" but, at the same, dubbed Bitcoin BTC/USD and Dogecoin DOGE/USD to be "garbage."

The launch of Friedman’s token comes at a time when cryptocurrencies are seeing increased adoption as community currencies; creator tokens allow influencers to create their economies independent of other platforms.

Oregon-based rock band Portugal The Man has the most-traded coin on the Rally Network called PTM Coin. Other popular creator coins include Kevin Chou Coin, KSK Honda Coin, Allie Coin, and Gen.G Strike Coin.

Price Action: Rally token traded 2.3% higher at $0.6765 at press time on Friday.

Read Next: Dogecoin Co-Founder's Crappy Doodle NFT, Made In His 'Underwear,' Sells For 1500x Over Asking Price

Photo Courtesy: Scott Lesh on Wikimedia

Posted In: CryptocurrencyMarketsBitcoinCreator CoinsdogecoinMaxwell Jacob FriedmanMJF
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