- Conor McGregor launches ‘REAL’ token via sealed-bid auction to block bots and ensure fair access.
- The token offers staking rewards, voting rights, and status points for active participants.
- The project insists on transparency and aims to avoid pitfalls seen in past celebrity crypto launches.
The former MMA champion, Conor McGregor has unveiled a new token called ‘Real’ through a sealed-bid auction, targeting to bring user participation and transparency to the digital assets space. Conor McGregor launched the coin in collaboration with Real World Gaming DAO.
The launch method, which closed off automated bots from dominating the auction process, was designed to ensure fair access and prevent early manipulation. In addition, McGregor recommended using a sealed bid model system, to prevent problems associated with front running and token sniping that are common to crypto launches.
REAL Token Gives Holders Voting Power and Staking Incentives
According to information from McGregor and Real World Gaming DAO, the REAL token holders will have access to governance functions, and therefore they will be able to vote on proposals affecting the project’s direction.The token is also tied to a staking model where participants can lock their tokens over time and earn rewards.
To separate the active participant from the casual user, a points based system has been introduced. All larger stakers and those staying consistently involved will be earning added status points. However, these points may qualify users for some share of potential revenue bonuses although this structure has not been publicly disclosed yet.
A reward mechanism is detailed in the project’s whitepaper with rewards being intended for participation over the long term which increases with the amount of quantity staked as well as frequency of user engagement. To decode point allocation, REAL will use a mix of on chain activity tracking and user tier systems.
McGregor says the crypto project seeks to avoid common launch pitfalls
McGregor described the launch as a direct response to past failures of celebrity token projects according to public statements released on social media. Many of those efforts, he said, were not authentic and that REAL aims to do things differently.
“This is not some celebrity-endorsed token,” McGregor said. “It is a REAL game changer that will change the crypto ecosystem as well as make REAL change in the world.”
Real World Gaming DAO, an entity that has previously participated in precisely decentralized digital assets initiatives, supported the launch of REAL. Details about the structure and governance of DAO are limited, however, its involvement with REAL indicates ongoing support from a decentralized community of contributors .
REAL Positions Itself for Potential Partnerships and Broader User Integration
While REAL’s whitepaper mentions possible future collaborations, it does not specify any companies or platforms they future collaborate with. In terms of the project language, there is an intent to bridge consumer experiences with blockchain participation, which may lead to use in gaming, entertainment, or other user driven digital environments.
According to REAL’s development team, the token, REAL, is aimed at reflecting user contributions through measurable activity. The combination of staking, voting, and participation based rewards spell an attempt to tie crypto ownership to decision making and long term platform engagement.
The project did not reveal how much it raised in the first initial sealed bid auction, or an official date for the token to begin trading for the public. At the time of writing, no updates regarding token distribution, the listing plans or roadmap milestones have been published.
