Actor Terry Crews, Brooklyn 99 TV series star, is launching his own social currency – POWER – through social crypto platform Roll
In an interview with TechCrunch, actor Terry Crews, known for a prominent figure in the Brooklyn 99 TV series, is launching his own social currency, POWER, via social crypto platform Roll.
I have launched a social currency on the Ethereum Blockchain called $POWER! Check out this exclusive from @TechCrunch: https://t.co/JpcdIGFbEA pic.twitter.com/1YFSALQhYb
— terry crews (@terrycrews) March 10, 2021
Brooklyn 99 star launches own social currency POWER
Crews said:
“The currency is a means to empower artists. My vision for the currency is for people to earn POWER by selling their art, NFTs, physical goods, and experiences.”
The project has yet to reveal much information. But it is known that POWER will have a limited supply of about 10 million tokens (3.34 million tokens currently in circulation). The founders include Crews, Michael Peña (known for Shooter, Tower Heist, Battle: Los Angeles, and many other films), and Dakota Xentaras. They will pool the currency onto some mainstream exchanges (Uniswap) to determine its initial market offering and reward early POWER members and adopters.
The platform Crews is using to launch his social currency, Roll has raised $ 2.7 million in funding by the end of 2020 and, with around 300 creators, has surpassed its market cap. school $ 1.5 billion. Backed by Ethereum, Roll allows individuals to create their own ERC-20 tokens to help creators get closer to their fans and consumers. There are currently 44 social currencies on the platform, with the most expensive one at $ 77.62 – up 87% over the past 24 hours.
Crews said:
“As an early $POWER member, you’ll have access to our team, and a hand in helping shape the world of $POWER and how it serves artists (read: you) in the digital and physical marketplace.”
So far, the POWER token has been distributed to around 100 people, and the Team is engaging with the currency’s community through Discord. The actor hopes to eventually add interest-free small loans to artists as another feature of the POWER token.
He stated:
“That’s our long-term plan, to become this thing that this community can live and exist in. You could use it anywhere you are — at Target, the grocery store.”
The driving force for this new ecosystem is said to stem from the experience the actor had about four years ago in Milan, Italy. He can’t access some of his money through a local bank to buy brand-name furniture from an artist. Crews hope POWER will put power back into the hands of artists and creators.