Everything you need to know about $MOTHER

Current price: $ fetching data...

Contract Address: 3S8qX1MsMqRbiwKg2cQyx7nis1oHMgaCuc9c4VfvVdPN

Ticker: $MOTHER

Blockchain Network: Solana

Apr 8, 2024

What is $MOTHER?

Iggy Azalea's $MOTHER token is a Solana-based cryptocurrency that has taken the crypto world by storm, with its market capitalization reaching a staggering $186 million just over a week after its launch. The token has seen a meteoric rise in value, minting millionaires out of some early investors and drawing both praise and criticism from the crypto community.

The success of the $MOTHER token can be attributed to several factors. Firstly, Iggy Azalea's active promotion of the token on her social media platforms, leveraging her 8 million followers on X (formerly Twitter), has significantly fueled interest and hype around the project. Secondly, the token's price surged by a staggering 90% in a single day, showcasing its potential for high returns.

However, the token has not been without controversy. Reports surfaced that over 20% of the total MOTHER supply was bought by insiders, leading to concerns that early investors were being taken advantage of. Iggy Azalea has since hired a development team, implemented a system to burn tokens (reducing overall supply and potentially increasing value), and actively engaged with the crypto community to address these concerns.

The $MOTHER token is an interesting development in the future of celebrity-endorsed digital assets post-FTX. Its success or failure will likely have a significant impact on the broader crypto market and the perception of celebrity-endorsed cryptocurrencies.

View $MOTHER's price below. This chart visualizes the current price of $MOTHER to the US dollar.

Here's a step by step guide on how you can buy $MOTHER.

Option 1: Download Tori Wallet.

Tori is the simplest self custodial mobile wallet that allows you to access crypto opportunities. Instead of buying crypto on a centralized crypto exchange (like Kraken, Coinbase, or Crypto.com), setting up a self custody wallet (like Phantom, Metamask, or Coinbase Wallet), and the 5+ other steps with accessing the world of crypto, Tori simplifies the entire experience into one simple app.

Step 1: Setup Your Account

With Tori, you'll have to do the following:

  1. Create your account with passkeys.

  2. Upload your ID to authenticate your account.

  3. Connect your bank account.

Tori Wallet is currently available on IOS and Google Play Store, but only limited to U.S residents at the moment.

Step 2: Deposit money into your trading wallet.

Once you've connected your bank account, you're able to deposit up to $50,000 USD with no fees.

It takes approximately 1-3 days for your money to settle. From there you can start accessing the world of crypto!

Step 3: Select $MOTHER to trade.

Once you have money in your trade balance, you can click trade.

Select $MOTHER

*Token prices in the screenshots below are outdated*

Step 4: Buy $MOTHER.

Once you select $MOTHER, you can now swipe to confirm your purchase.

*Token prices in the screenshots below are outdated*

Step 5 (Optional): Sell $MOTHER whenever you want.

Whenever you're ready to sell, you can sell $MOTHER and get USDC, which you can withdraw right into your bank account.

*Token prices in the screenshots below are outdated*

Option 2: Use a centralized exchange, self-custody wallet, and DEX's.

To buy $MOTHER as a crypto beginner, you can follow these steps:

1. Get a Crypto Wallet: You'll need a digital wallet to store your $MOTHER tokens. Popular options include Phantom, Solflare Wallet, or Coinbase Wallet. Download and set up your chosen wallet.

2. Purchase Solana (SOL): $MOTHER is a token on the Solana blockchain. You'll need to buy some SOL to cover transaction fees and to swap for $MOTHER. Use a reputable exchange like Coinbase, Binance, or Kraken to purchase SOL with your local currency.

3. Transfer SOL to Your Wallet: Withdraw your SOL from the exchange to your wallet. Make sure to double-check the wallet address before confirming the transfer.

4. Choose a Decentralized Exchange (DEX): You can use a DEX like Raydium, Orca, or Serum to swap your SOL for $MOTHER. These platforms are like marketplaces where you can trade cryptocurrencies directly with other users.

5. Connect Your Wallet to the DEX: Follow the DEX's instructions to connect your wallet. This usually involves clicking a "Connect Wallet" button and selecting your wallet type.

6. Swap SOL for $MOTHER: Once your wallet is connected, you can swap your SOL for $MOTHER. Enter the amount of SOL you want to trade, and the DEX will calculate how much $MOTHER you'll receive. Review the details and confirm the transaction.

7. Wait for the Transaction to Complete: The swap might take a few seconds to a few minutes to complete. Once it's done, you should see the $MOTHER tokens in your wallet.

Remember to be cautious when dealing with cryptocurrencies. Always double-check addresses, transaction details, and use secure, reputable platforms.

Certain content has been prepared by third parties not affiliated with Utopia Labs Corp. or any of its affiliates and Utopia Labs Corp. is not responsible for such content. Utopia Labs Corp. is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information on content could be out-dated. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Utopia Labs Corp. makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary.

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