Messi and Ronaldinho promote Solana’s mysterious memecoin on Instagram – DiarioBitcoin

It’s about the token TOILET, which has increased by 200% after the support of the footballers in their accounts Instagram. There are no clear details as to whether this is a commercial alliance or a simple collaboration for a charitable cause.

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• Messi and Ronaldinho supported a memecoin on their Instagram accounts
• It is a token called TOILET, which seeks to raise awareness about the problem of drinking water
• The collaboration appears to be legitimate, although there are no details about a commercial agreement with the players.
• TOILET It is a memecoin issued on the network of Solarium, which apparently has no profit motive
• However, the support of the footballers led to a significant increase in the price of the token.

TOILET, a memecoin that has been gaining popularity in recent days, apparently even captivating several celebrities from the world of football, since at least two well-known personalities from the sector have publicly promoted it on their social networks.

These are the soccer stars Ronaldinho Gaucho and Lionel Messi, who recently made curious publications on their official accounts. Instagram to promote the token TOILET, sharing links to the project’s social networks.

Ronaldinho and Messi promote the token TOILET

While it is not unusual for various projects to use the image of well-known figures without their consent to promote their commercial offers, in this case it was the footballers who promoted the initiative. Apparently, it is an allegorical token for the problem related to drinking water, a resource that is scarce in certain African countries due to global warming and other local conditions.

In one of the project’s posts on its official account Instagram, it reads:

The fight for clean water is more crucial than ever, especially with the effects of global warming. The $WATER coin is dedicated to sustainable projects that prevent deforestation and improve water distribution in the driest parts of Africa. Together, we can make a difference and ensure access to clean water for all. Join us in this vital mission!

According to the project’s website, the token TOILET It would be a memecoin “without intrinsic value or expectations of financial returns”. The project’s developers worked in partnership with the creators of another token called BEER (beer) to launch this initiative, although many followers on social networks have left messages anticipating possible scams in progress.

But getting back to Ronaldinho and Messi, it’s not clear at the moment if this is part of some kind of commercial agreement, or if they are simply joining a completely charitable campaign associated with the mission/vision behind the token. TOILET. The truth is that both celebrities together have more than 60 million followers in Instagram, so the scope they are giving to the project is quite significant.

Proliferation of memecoins

Ronaldinho and Messi’s apparent collaboration with the token TOILET It comes at a time when the memecoin market is facing significant saturation, hosting all kinds of initiatives inspired by a wide variety of characters, motifs and public figures.

The proliferation of memecoins comes from how easy it is to launch a token these days, to the point that there are portals that help in the process by allowing people without technical knowledge to issue their own cryptocurrency. For example, we have the case of the website Pump.fun, which is used today by many people and projects for this purpose.

Since several memecoins have enjoyed sudden success in recent months due to certain events, many have taken advantage of the opportunity to launch tokens in the hope of making a profit, even projects that are very obvious scams, which make commercial promises that are clearly difficult to fulfill.

As to Solarium, Due to its low operating costs and high scalability, it has become the perfect ecosystem to host a large number of new tokens. However, a report published months ago by the firm Blockaid warned that at least 50% of the pre-sales they make in this ecosystem were scams, so they invited people to be cautious with their capital and carefully analyze the proposals of interest before buying.

Anyway, back to the token TOILET, The campaign promoted by Ronaldinho and Messi seems to have had a certain positive effect, as the currency has increased by more than 200% in the last 24 hours, according to data from CoinGecko.

How can I buy WATER token?

To purchase the WATER token, follow these steps:

1. Set up your Phantom Wallet: You will need a wallet like Phantom to interact with the Solana network.
2. Connect to Raydium or Jupiter: Once you have your Phantom wallet, connect it to the Raydium or Jupiter decentralized exchange (DEX) platforms. If you have a Trezor you can connect it to Raydium using a Metamask wallet.
3. Buy $WATER: Find the WATER token on Raydium or Jupiter and proceed to purchase it using Solana (SOL) as the base currency.

Clarification: We do not recommend purchasing the WATER token. The information provided is for educational purposes only and for those interested in how to acquire it. We are not offering investment advice. Investing in cryptocurrencies involves significant risks, including possible loss of principal. Always do your own research and consult a financial advisor before making any investment decisions.

What is Solana Network and Why is it Popular for Issuing Memecoins?

The Solana Network Solana is a high-performance blockchain platform designed for decentralized applications (dApps) and cryptocurrencies. Solana stands out for its speed and efficiency, offering much higher processing capacity and lower transaction costs compared to other blockchains such as Ethereum.

Here are some of the key aspects that explain its popularity for issuing memecoins:

1. High scalability: Solana can handle thousands of transactions per second (TPS), making it one of the fastest blockchains. This is crucial for applications and tokens that need to process a large volume of transactions quickly.
2. Low transaction costs: Transaction fees on Solana are extremely low compared to other blockchains. This makes it an attractive option for developers and investors who want to minimize operational costs.
3. Energy efficiency: Solana uses a consensus mechanism called Proof of History (PoH) in combination with Proof of Stake (PoS), which improves energy efficiency and reduces environmental impact compared to the Proof of Work (PoW) used by Bitcoin.
4. Robust ecosystemSolana has developed a robust ecosystem with a wide range of developer tools and resources, including software development kits (SDKs) and libraries. This makes it easy to develop and deploy new tokens and applications.
5. Support for smart contracts: Solana supports smart contracts, which are essential for the creation and management of tokens and dApps. This enables a wide variety of use cases, including memecoins, decentralized finance (DeFi), and NFT marketplaces.
6. Active community and institutional supportSolana has an active developer community and has received backing from major investors and organizations in the cryptocurrency space. This contributes to its credibility and attractiveness for new projects.
7. Fast transaction confirmation: Transactions on Solana are confirmed within seconds, which improves the user experience and reduces waiting time.

Article by Angel Di Matteo / Bitcoin Diary

Original image from DiarioBitcoin, created with artificial intelligence, free to use, under Public Domain.

WARNING: This is an informative article. DiarioBitcoin is a media outlet, it does not promote, endorse or recommend any particular investment. It is worth noting that investments in cryptoassets are not regulated in some countries. They may not be appropriate for retail investors, as the total amount invested could be lost. Check the laws of your country before investing.