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Marshall Inu

From EverybodyWiki Bios & Wiki




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Marshall Inu
Ticker symbolMRI
Development
Initial releaseFebruary 2022; 2 years ago (2022-02)[1]
Development statusActive
Websitehttps://www.marshallinu.com
Ledger
Supply limit1 billion MRI
Valuation
Market capUS$ 5 million

Search Marshall Inu on Amazon.

Marshall Inu token (ticker: MRI) is a decentralized cryptocurrency and ERC-20 token on the Ethereum blockchain that offers financial aid to professional mixed martial arts fighters and martial arts gyms.[2][3] The organization first gained widespread recognition among the martial arts community for raising funds to help UFC fighters amid their fight for fair payment.[4][5][6][7][8]

History[edit]

Marshall Inu was launched on February 10, 2022 on the Ethereum blockchain. The organization deployed a payment contract which sends the funds generated through transactions to a marketing wallet and then awards fighters monetary sponsorships to mitigate the UFC fighters pay controversy.[2][9][4]

The cryptocurrency project first started as a satirical token originally named Marshall Rogan Inu, a mix between the Golden retriever of Ultimate Fighting Championship commentator Joe Rogan, "Marshall Mae Rogan" and the Shiba Inu.[6] Marshall Mae Rogan has a considerable fanbase on social media.[10] Fight fans quickly became confused about Joe Rogan's involvement in the project.[11] In an effort to avoid liabilities, the administrators removed Rogan from the project's name[12] shortly before the organization's website went offline leading to speculations of legal troubles for using the announcer's name.[13]

On March 5, 2022, at UFC 272 in Las Vegas, Nevada, the cryptocurrency first gained widespread attention[14] after being mentioned in post-fight victory speeches inside the Ultimate Fighting Championship octagon,[11][15][16] while being interviewed by Joe Rogan the owner of the dog.[17] The cryptocurrency sponsored 20 out of 26 UFC fighters featured on the card,[18] including both main event fighters Colby Covington and Jorge Masvidal.[7] On 11 March, 2022, Marshall Inu reached a total of USD $800,000 distributed to MMA fighters.[6] The exchange price of the cryptocurrency increased by 262% in one week[5] and briefly peaked at $0.199/token in March putting its total market capitalization near USD $200 million.[11] In March 2022, Marshall Inu paid for UFC Middleweight fighter Ian Heinisch's stem-cell surgery in Mexico,[18] which was not currently legal in the United States.[12]

In August 2022, the cryptocurrency launched the first crypto-based combat sports promotion named Marshall Fighting Championship[19][4] and appointed Lethwei World Champion Dave Leduc as President.[14] The promotion will be entirely funded by the cryptocurrency and fighters salary paid in its native token MRI.[20] The first event is scheduled for October 29th, 2022 in Brezno, Slovakia.[21][22] It was announced that the main event would be a Lethwei world championship sanctioned by World Lethwei Federation opposing Slovak Michal Kosik against Canadian Daniel Larivière.[23]

Criticism[edit]

Marshall Inu's origin as a "meme coin" made it difficult to be taken seriously by mainstream media and financial experts. The creators behind the project are anonymous.[24] MMA Fighting Social Media Director Eric Jackman criticized the cryptocurrency on The MMA Hour, stating that he felt the coin was “selfishly motivated” adding “Why not just help the fighters? Why does it need to be a coin just give the fighter money?” Jackman said.[25] Following a 30% price drop, former UFC and ONE Championship fighter Ben Askren has also bad mouthed the price fluctuations of the token as well as suggesting it of being a pump and dump.[26][27] Bellator MMA Middleweight Champion Johnny Eblen also explained on the MMA Fighting podcast why he turned down a sponsorship from the organization stating that the cryptocurrency is a red flag, as it seems to be "building off hype", adding that the project is a meme coin with "no real use case" suspecting it might be a pump and dump.[15]

See also[edit]

References[edit]

  1. ↑ Amaury Reynolds (23 March 2022). "MRI: The First of Its Kind To Support MMA Fighters, Lists on Coinstore.com!". Crypto Mode. Archived from the original on 27 March 2022. Retrieved 21 June 2022. Unknown parameter |url-status= ignored (help)
  2. ↑ 2.0 2.1 Aung Mint Sein (26 July 2022). "Viral Cryptocurrency Joins Forces With Dave Leduc To Help Lethwei Gyms". Lethwei World.
  3. ↑ Rafael Bandayrel (4 March 2022). ""They are owed a thank you" - Chael Sonnen shows gratitude towards Marshall Rogan Inu, a cryptocurrency named after Joe Rogan's dog, for helping MMA fighters". Sportskeeda.
  4. ↑ 4.0 4.1 4.2 James Rees (8 September 2022). "Joe Rogan's Dog Starts A MMA League? Marshall Fighting Championship". Overtime Heroics.
  5. ↑ 5.0 5.1 Versha Jain (2 March 2022). "Why is UFC supporter Marshall Rogan (MRI) crypto rising?". Kalkine Media.
  6. ↑ 6.0 6.1 6.2 A.J. Perez (11 March 2022). "The Meme Coin That's Paid Out Over $800K to MMA Fighters". Front Office Sports. Archived from the original on 21 June 2022. Retrieved 21 June 2022. Unknown parameter |url-status= ignored (help)
  7. ↑ 7.0 7.1 LW (12 March 2022). "Marshall Rogan Inu: Joe Rogan pet dog's cryptocurrency paying UFC fighters". Marca Newspaper.
  8. ↑ "LBank Exchange Will List Marshall Rogan Inu (MRI) on March 14, 2022". Yahoo! Finance. 11 March 2022. Archived from the original on 21 June 2022. Retrieved 21 June 2022. Unknown parameter |url-status= ignored (help)
  9. ↑ Makoa Goble (28 April 2022). "What's the Best MMA Fighter Sponsor of 2022 So Far?". Overtime Heroics.
  10. ↑ "Paulo Costa uses social media stardom to promote meme competition with $2k prize". Calf Kicker. 29 May 2022. Archived from the original on 24 June 2022. Retrieved 21 June 2022. Unknown parameter |url-status= ignored (help)
  11. ↑ 11.0 11.1 11.2 "The MMA Cryptocurrency That Fighters Love". Financhill. 15 February 2022. Archived from the original on 24 June 2022. Retrieved 21 June 2022. Unknown parameter |url-status= ignored (help)
  12. ↑ 12.0 12.1 Deepak Kumar (13 March 2022). "Marshall Rogan Inu, Joe Rogan-Inspired Cryptocurrency, Donated UFC Fighter Ian Heinisch for $25,000 Medical Procedure". Essentially Sports. Archived from the original on 21 June 2022. Retrieved 21 June 2022. Unknown parameter |url-status= ignored (help)
  13. ↑ Pranit Punjabi (13 March 2022). "Website for Marshall Rogan Inu, Cryptocurrency-Based Platform Inspired by UFC's Joe Rogan, is Down Amidst Speculated Troubles". Essentially Sports.
  14. ↑ 14.0 14.1 Andrew Whitelaw (29 August 2022). "Marshall Inu launching crypto-based fight promotion with 'King of Lethwei' Dave Leduc". BJPenn.com.
  15. ↑ 15.0 15.1 Mike Heck (10 March 2022). "We Got Next: Robert Whittaker, Adam Borics, Mads Burnell, Tim Elliott, and Johnny Eblen". MMA Fighting.
  16. ↑ Chael Sonnen (17 March 2022). "The story behind everyone thanking Marshall Rogan Inu at UFC 272..." Youtube. Archived from the original on 21 June 2022. Retrieved 21 June 2022. Unknown parameter |url-status= ignored (help)
  17. ↑ "Marshall Rogan Inu Anyone?". MMA Frequency. 13 March 2022.
  18. ↑ 18.0 18.1 Violette Laurent (13 March 2022). "UFC: Marshall Rogan Inu: la crypto-monnaie du chien de compagnie Joe Rogan paie les combattants de l'UFC". Tech Tribune (in French). Archived from the original on 24 June 2022. Retrieved 21 June 2022. Unknown parameter |url-status= ignored (help)CS1 maint: Unrecognized language (link)
  19. ↑ "First 100% Crypto Financed Combat Sports Promotion". Fight Sports. 20 October 2022.
  20. ↑ Pranit Punjabi (9 September 2022). "After Nate Diaz, Joe Rogan's Dog, Marshall, Gets His Own Crypto Based MMA Promotion – Marshall Fighting Championship". Essentially Sports.
  21. ↑ Jordan Wright (30 August 2022). "Marshall Inu Crypto Promotion Unveiled By Dave Leduc". MMA News.
  22. ↑ "Lethwei Is Gaining Popularity – Enter MFC!". Fight Sports. 19 September 2022.
  23. ↑ "Following Nate Diaz, Joe Rogan's Golden Retriever Marshal Starts His Own MMA promotion, Marshall Fighting Championship". The Overtimer. Retrieved 15 September 2022.
  24. ↑ "B-ROOTS: UNCOVERING THE MYSTERY OF MARSHALL ROGAN INU". Combat Press. 8 April 2022.
  25. ↑ "Marshall Rogan Inu wants Daniel Cormier's help with Cain Velasquez fundraiser". Calf Kicker. 16 March 2022.
  26. ↑ "Ben Askren trashes Joe Rogan-Inspired crypto Marshall Rogan Inu after 30% price drop". Calf Kicker. 10 March 2022. Archived from the original on 21 June 2022. Retrieved 21 June 2022. Unknown parameter |url-status= ignored (help)
  27. ↑ Rohit Raj (9 March 2022). "Former UFC fighter & Jake Paul Rival Ben Askren Reacts to Joe Rogan-Inspired Altcoin Marshall Rogan Inu dropping by 30%". Essentially Sports.

External links[edit]


Others articles of the Topic Business and economics : Currency, Economics, International trade


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