Coinfomania: Where blockchain and cryptos live.

Rapper Soulja Boy Mistakenly Shares He was Paid $24K to Shill a Shitcoin 

In a bid to promote a newly launched cryptocurrency project named Safermars, the popular American Rapper Soulja Boy mistakenly disclosed the reward that was promised to him if the project meets a fundraising target of $240,000.

In a now-deleted tweet made yesterday, the rapper took to the popular microblogging platform to announce that he has found a crypto project with huge prospects, adding that it has commenced presale for early investors.

However, he forgot to edit the part where the project’s marketing team promised to give him $24,000 should the firm be able to raise $240,000 in the presale after his tweet has gone live.

“Found an interesting project @safermars – looks moon worthy. The $SFM Presale is now live on @dxsale

They [are] raising $240,000, if they raise it after your tweet, will get you $24,000.”

Soulja Boy’s Tweet Sparks Mixed Reaction

Although the rapper was quick to delete the tweet and make the necessary corrections, most Twitter users had already taken a screenshot of the first post and it has been circulating the platform ever since.

The tweet has sparked mixed reactions across Twitter, with many saying the promotional fee is too cheap for a musician who claims to be the first rapper on YouTube.

A tweep with the username @BitcoinGeo commented “$24k lol? Is he broke?”

Another user, with the Twitter, handle @arbedout posted that the agreed promotion fee is even less than the cost of a fairly used 2019 Hyundai Tucson Sport, which is currently sold for $24,999.

Soulja Boy’s Involvement in Crypto

Soulja Boy is not new to cryptocurrencies and has been outspoken about them since the beginning of the year.

The famous hip-hop star revealed what cryptocurrencies he has in his portfolio back in January after seeking advice from his followers on the most preferred crypto assets he should invest in.

“Thanks, guys, bought some BNB, DGB, TRX, KLV, ZPAE, and FDO. What’s next? Let’s go,” he tweeted in January.

The rapper also made a similar move today by asking his 5.2 million followers what good crypto he should purchase.

New Crypto Firms Using Celebrities to Gain Popularity

The idea of contracting popular celebrities to promote crypto projects as a reward is not new, as these firms try to grab a percentage of the market at their early stage.

While some celebrities that have participated in this form of marketing have been greatly rewarded, others were not as lucky as their involvement in the scheme had landed them in trouble.

Earlier last year, popular American actor Steven Seagal was slammed with a heavy fine of $314,000 by the U.S. Security and Exchange Commission for failing to disclose how much he was paid for promoting Bitcoin2Gen (B2G) ICO back in 2017.

 

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