Hot after endorsing Donald Trump during the US Presidential Elections, rapper Lil Pump is back on everyone’s news feed. This time, however, for his new venture into the world of cryptocurrency.
According to reports, PumpCoin (yes, that’s what it’s called) will be launched in collaboration with Fyooz – a marketplace and social money platform that lets you “invest in what you believe in.”
Fyooz stated via their website, “The Lil Pump token launch follows just one week after #YachtyCoin debuted on Fyooz. Fyooz tokenizes the attention that artists receive by enabling fans to buy artist tokens and in return fans get direct, exclusive, 1:1 access. Together, Fyooz and artists are setting the stage for the mainstream adoption of digital assets, as fans globally flock to own a little piece of everyone they love, in a token.”
— Fyooz (@fyoozapp) December 18, 2020
“Lil Pump’s coin listing is another strong endorsement from the music industry for Fyooz. Artists aren’t able to play live events, so there’s a huge need for artists and fans to find new ways to connect,” explained Remo Prinz, Fyooz’s CEO. “Fyooz connects artists directly to their fans by giving them exclusive experiences they can’t get anywhere else. And it’s so simple. The tokenization process takes literally minutes and fans in many corners of the world can buy a token at the click of a button.”
Due to SEC regulations, Lil Pump’s PumpCoins will be available outside of the US, only, and will be announced later today. Fyooz plans to launch the coin early in the new year.