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

American professional wrestler Maxwell Jacob Friedman, belonging to 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 (CRYPTO: ETH) blockchain. The $MJF tokens will be swappable with Rally Network’s native ERC-20 token $RLY.

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Doge? Garbage

Bitcoin? Garbage. $MJF COIN? …

Better than you and you know it!

Click the link after reading.
Or stay poor idc. https://t.co/tmS5pztrpz pic.twitter.com/zc0XmVzkVi

— Maxwell Jacob Friedman™️ (@The_MJF) June 17, 2021

“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 comical effect, 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 (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE) 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.

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Photo Courtesy: Scott Lesh on Wikimedia