First, my heart goes out to Queen Elizabeth’s family and loved ones, as well as to the citizens of her realm. May she rest in peace.
Of course, there’s also a vile, disgusting, and evil crypto story to accompany the Queen’s passing, which comes with a teachable moment. According to dexscreener.com, cryptocurrencies and tokens that have been launched in the past 24 hours include: “Queen Elizabeth Inu,” “Queen Doge,” “God Save The Queen,” “London Bridge Is Down,” “Queen Grow,” “Rip Queen Elizabeth,” “Elizabeth II,” and “Queen Inu II” (just to name a few), plus an ungodly number of NFTs. While I do not offer financial advice, this is just terrible. But…
If you want to understand how easy it is to service an identified community, learn about liquidity, and get an up-close-and-personal view of the completely unregulated side of decentralized finance, spend a few minutes searching “Elizabeth” on your favorite DEXs (and wherever NFTs are sold). It will open your eyes to the underbelly of Web3. These are the practices that have to stop; they simply give crypto a bad name. There are (to be sure) many, many great uses for this technology. Pump and dump schemes just aren’t one of them.
Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it.