When I read the news, the most talked about topic of the moment is: "cryptocurrencies, NFT and DeFi ", and when I see this I can only think "Holy God, a massive adoption doesn't look so far away". After the explosion of cryptocurrencies thanks to the pandemic, it is now very common to see more and more important people (like artists, millionaires, business tycoons) joining cryptocurrencies and even promoting them in order to fill the economic void that the confinement and quarantine has left.
We have heard many times that artists like Lindsay Lohan, Mia Khalifa or Snoop Dogg, have made comments showing that they are in favor of cryptocurrencies and their use in everyday life. But there are others who go a step further than just saying that they support them and put the word #Bitcoin in their twitter bio, these kind of artists from another level like Akon and Jay Z, develop strategic plans to bring cryptocurrencies to more people by building a cryptocurrency or a system for excluded people to also have access to finance and technology.
And one of these artists who is also working to be one of those who does more than just talk the talk, is the memorable Terry Crews, who has joined the crypto movement, doing something beneficial for the community of artists he is a part of.
Terry along with Michael peña, have developed and launched a cryptocurrency called $POWER, an ERC-20 token based on Ethereum and the ROLL platform has been used for the launch, The idea of creating $POWER IS to revolutionize the industry, by empowering artists who have been unfairly taken advantage of by third parties such as: record labels, art galleries, agents, managers, studios, and by giving proper remuneration to these artists in a better and totally decentralized way, he also intends to be able to offer them interest free micro-credits among other things. Terry hopes that $POWER will be something that the community can live with and exist on, a long term plan but that you can also use it to shop at a supermarket.
Other benefits of using $POWER:
POWER is an opportunity to build a like-minded community of talented artists, connoisseurs, fans and everything in between. It is also a means to exchange information, criticism, praise and general knowledge about how they would like to see their work represented in the new digital world known as Web 3.0.
Power can never have more than 10,000,000 coins in circulation, so it will be a very scarce commodity over time. We want to make sure that the overall price reflects a service, a community and a mindset that focuses on putting the creator and their work first.
$POWER
And what makes $POWER unique?:
POWER is the first cryptocurrency that has the mission of protecting, promoting and most importantly rewarding creative minds. There is no catch, no ulterior motives, no nonsense. Transparency is our mission and transparency is what the POWER community is going to receive.
Social money is a brand new, revolutionary concept, and we are trying to lead the charge in navigating this world on behalf of independent artists and creatives.
$POWER
The idea that motivated Crews to join decentralized finance were problems that we all suffer from equally, currency exchange problems and racial prejudice, as during a trip to Europe, he wanted to buy a piece of furniture in Italy and could not because the local bank he wanted to use would not let him access his funds. And added to this was the bad experience he had when he was treated with racial prejudice when it came to resolving the problem with the bank.
And as in cryptocurrencies and decentralized finance it doesn't matter if you are black or white, Asian or Latino, Arab or Ezquimal. You can make all the transactions you want without suffering any kind of discrimination, plus you immediately own your money regardless of the country where you are, because cryptocurrencies break all bureaucratic barriers of the traditional economic system.
But, as it is still a relatively new project or is not yet available to everyone, there are still some details to be refined that have not been clearly explained, but what is known is that soon it will be possible to trade with $POWER in the main exchanges of the moment as Binance or UniSwap.
To conclude I would like to mention something that I frequently mention in my publications, and that is that the massive adoption of cryptocurrencies is getting further and further and participations such as Crews, are what give it greater strength. For example 4 months ago, among the community was fantasized with the idea that artists, entrepreneurs and recognized brands would adopt cryptocurrencies and promote them, but also at that time it seemed something far away because there were still many who were opposed to cryptocurrencies and that the concept caused some fear among people, but how quickly the picture has changed, because in just 4 months has seen how everything has turned 180 degrees.
And soon it may be strange that an artist or someone recognized, do not adopt cryptocurrencies, it will also be very normal to see how more artists announce projects like Crews or Akon to create their own cryptocurrencies, or as the NBA team Dallas, who have decided to accept cryptocurrencies for merchandise or also as many producers or artists have decided to tokenize their work as NFT and get a highly exponential profit. So there is still a lot of ground to explore, as we have only touched the tip of the iceberg.
So when this year ends we will see how many will say that cryptocurrencies saved the world from a economic collapse and that they are the holy grail of the digital era.... It only takes a little time and you will see what I'm talking about, just wait for it....