A new cryptocurrency inspired by Lord of the Rings reached the market. “One token to rule all” is the presentation of the digital currency. It even has a video created by Billy Boyd, the actor who represents the hobbit Pippin in the movie trilogy.
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The cryptocurrency inspired by the universe of J. R. R. Token is based on Binance Smart Chain. It rewards its owners with a percentage on transactions. The information is on the official website of the digital currency.
“We created the JRR Token with the intention of being a stable and sustainable cryptocurrency that could be adopted by adventurous spirits around the world.” This is the text that is on the cryptocurrency pre-sale page. Starting inventory will feature 19 trillion units at an asking price of $1.07. In the free conversion, each unit costs almost R$ 5.50.
The actor who played Pippin recorded a video promoting cryptocurrency. The “JRR Token”, as it is known, has the appeal of the actor, in addition to the literary theme itself.
Billy Boyd was hired to shoot a 40-second video. The hiring took place through the Cameo platform, which allows celebrities to be paid for message recordings.
Boyd says the coin will be a lasting thing, as well as saying it will "go to the moon". The expression is popular in the cryptocurrency market and means that it will appreciate in value soon.
Despite not making any direct reference to the sale of the JRR Token, many fans disapproved of the video. In comments on social networks, they call the actor “Took Fool”. The expression is used in the movie and books by the wizard Gandalf.
The official JRR Token Twitter page makes it clear that the video recorded by Boyd is just an advertisement. The actor also did not indicate that he even bought the cryptocurrency.
The developers assure that the coin is a good investment. However, the enrichment will take place in the long term. The current portfolio of funds will be used to promote it. Unused funds will be passed on to philanthropic institutions.
So far, the JRR Token can be purchased via the PancakeSwap digital asset platform. This site, however, does not carry out verification and anyone can insert a digital currency into it.
The new cryptocurrency has been facing doubts over time. That's because it's common for coins of this type to start well and lead to loss.
This kind of “coup” happens when the initial publicity is great. In this case, those who bought the currency in the past gain from the dissemination of advertising. However, new buyers tend to come out at a loss.
Therefore, some experts on the subject warn of the need for caution.
