Caitlyn Jenner Launches MEDAL Token on Ethereum Layer-2 Base
Caitlyn Jenner is set to launch the MEDAL token on the Ethereum layer-2 network Base. The project aims to involve JENNER coin holders, adding another layer of engagement to her crypto ventures. After introducing her own token in May, Jenner is now bringing a new initiative centered around the Olympic gold medal she won 48 years ago.
Digital Fractionalization of Jenner’s Olympic Gold Medal
The launch, scheduled for Thursday, will offer investors a unique opportunity to own a digital fraction of Jenner’s 1976 Olympic gold medal. This innovative project involves the fractionalization of the gold medal into a tradable ERC-20 token called MEDAL, with a total supply of 100,000,000 tokens. The gold medal itself will be represented as an NFT (ERC-721) on the Ethereum layer-2 network Base, securely stored in a token vault.
The Inspiration Behind the Project
Jenner explained that the idea emerged before this year’s Summer Olympics, inspired by her desire to creatively engage with her team in the crypto space. Reflecting on her Olympic victory, Jenner shared the powerful emotions she experienced at the time, describing it as a moment of complete satisfaction and accomplishment.
Details of the MEDAL Token Launch
The MEDAL token launch will be a “fair launch,” with no predetermined starting price. Jenner emphasized that the market will determine the token’s value. It’s important to note that owning MEDAL tokens does not grant any rights to the physical gold medal, which remains in Jenner’s possession. Instead, the tokens represent a fractional share in the value of the 1976 Gold Olympics medal.
Challenges and Opportunities in the Crypto Space
Jenner highlighted the challenges facing the crypto industry, including regulatory scrutiny and economic downturns, as motivations for launching the project. She believes this unique gold medal project can bring positive attention to the crypto space.
Involvement of JENNER Coin Holders
Jenner assured that JENNER coin holders will not be left out of this new venture. While specific details were not disclosed, she hinted at a future announcement that will involve these stakeholders. Despite the volatility in the crypto market, Jenner remains committed to her involvement in the industry, aiming to help others diversify their investments.
Future Plans and Commitment to the Crypto Industry
Looking ahead, Jenner announced her plans to speak at the next Bitcoin Conference in Las Vegas in 2025, following her participation in last month’s event in Nashville, which featured Donald Trump. Jenner emphasized her long-term commitment to the crypto space, expressing her desire to support and educate the community.
Key Points
- Launch of MEDAL token on Ethereum layer-2 Base
- Digital fractionalization of Caitlyn Jenner’s 1976 Olympic gold medal
- Involvement of JENNER coin holders in the new project
- Fair launch with no starting price; market decides value
- Jenner’s commitment to the crypto industry despite market challenges
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