In the ecosystem, shady crypto currencies come and go. But sometimes a celebrity gets involved. This is the case of the footballer Ronaldinho, who is now promoting the “World Cup Inu”. What is this project
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Ronaldinho supports the cryptocurrency “World Cup Inu “
The footballer published his tweet in the evening yesterday. In it, Ronaldinho explains that he is now part of the “World Cup Inu Family”:
I am delighted to be part of the World Cup Inu family. $WCI is changing the defi space by their work and utilities . Really excited for this project! I will be giving away 3 jerseys to them , vouching for Brazil to win the WorldCup Make sure you check them out pic.twitter.com/rvF9mNCqFs
– Ronaldinho (@10Ronaldinho) October 19, 2022
We don’t learn much about the project, with Ronaldinho simply stating that the World Cup Inu is “changing DeFi through its work and usefulness”.
If you take a look at the project’s official website, you’ll see that it’s an online betting portal that will focus on the 2022 World Cup. The site explains with exclamation marks that users can “participate and bet with each other”. A lottery is also offered.
A shady cryptocurrency
As several commentators have pointed out, this project out of nowhere may raise questions. User FatManTerra, for example, pointed out that the WCI cryptocurrency had a feature that would pause exchanges:
Why does this coin have a pauseTrading function lol pic.twitter.com/rwv1PsmV2D
– FatMan (@FatManTerra) October 19, 2022
while the official website explains that the project is decentralised:
“WCI BETS is fully decentralised, which means that no one can change the information once a bet is placed. “
Other users point out that Ronaldinho has been broke since the end of his football career, and that this type of “partnership” must have provided him with some much needed funding:
Temporarily back from my holiday to say nice ad Potentially first football player to get charged for promoting blatant crypto pump and dumps?
Hope you enjoy bankruptcy and hurting your fans. pic.twitter.com/JT8dROCXRG
– ZachXBT (@zachxbt) October 19, 2022
Ronaldinho is of course facing legal action for promoting a project, most likely for a fee. Recently, it was Kim Kardashian who was fined $1.26 million for illegally promoting Ethereum Max (EMAX).
Shady crypto projects and influencers still often go hand in hand. But there are more and more prosecutions in this area. Like in France, where crypto influencers’ advertisements are now in the crosshairs of the AMF. This shows that the trend may be slowing down.
