Is Carole Baskin losing her net worth? ‘Tiger King’ star launches cryptocurrency
It seems like everything these days, in terms of finance, is about the possibilities of cryptocurrencies and NFTs. Whether or not that’s something you’re interested in, well, that’s another question. But if Dogecoin can make bank? (And seriously? Dogecoin? Really?) Then it makes sense that people are dipping their toes into the world of cryptocurrencies as well to see if it can boost their net worth.
The latest celebrity to do so? Carole Baskin from the Netflix series, Tiger King. After her less than stellar stint on Dancing with Stars and the mega-success of the Netflix true crime docuseries, she’s been a person to watch out of the whole cast. Mainly because people think she killed her husband, but, also, because she has fans now. Now, she decided to make a cryptocurrency. Yes, it’s cat themed.
Of course, it’s cat themed. This is Carole Baskin, when is something in her life not cat themed. Her entire stint on Dancing with the Stars was centered around being a cat lady except her cats were very, very, very big.
I'm purring like a bobcat rolling in catnip because we just launched $cat on https://t.co/pH2gCNtQGf Rocketing up to #35 out of 117 & thinking of ways to reward those who join our "pride" of big cat lovers! Learn more at https://t.co/FTxA8iVV0V pic.twitter.com/PxFiXJqA5k
— CaroleBaskin (@carole_baskin) May 4, 2021
The Carole Baskin cryptocurrency
Baskin announced on Tuesday, May 4 that she is launching her own crypto coin known as $CAT. The coin starts at five dollars USD and allows fans to buy merchandise or online experiences from Big Cat Rescue animal sanctuary in Tampa, FL, which is owned & operated by Baskin. In a tweet from Baskin, she shared her excitement for the “purr-rency”.
On her Twitter, she wrote, “I’m purring like a bobcat rolling in catnip because we just launched $cat on http://rally.io/creator/CAT Rocketing up to #35 out of 117 & thinking of ways to reward those who join our “pride” of big cat lovers! Learn more at https://bigcatrescue.org/cat/”
In a statement from the Big Cat Rescue website, she said, “I’m investigating cryptocurrencies because I am concerned about the volume of US dollars that are being printed and distributed with nothing to back them up. Our new $CAT coin is not a currency for investment, but rather is a purr-ency of our fans to show their love for the cats.” So that means this is an NFT rather than a true cryptocurrency like Bitcoin.
What are NFTs?
An NFT, if you’re just as confused as we are about it, is also known as non-fungible tokens, which are digital files linked to the blockchain, the basis for cryptocurrencies like Bitcoin. Bitcoin, however, is fungible, which means that one unit can be traded for another identical one. Meanwhile, NFTs are unique and verifiable assets, digital art for example.
In addition, the plans are to launch $CAT in about two weeks with “future plans include a big cat metaverse for virtual visits with the cats.” Now whether or not the NFTs will boost Baskin’s net worth or go into maintaining Big Cat Rescue remains to be seen. Though, we’re thinking that it may go into rescue. But, you know, who really knows a reality star?
No one. Probably not even them. Either way, if you like big cats or Tiger King, then maybe look into getting some of these NFTs. Especially once the plans to allow for virtual visits with the big cats are set up. There’s probably less chance for loss of limbs that way after all. You know, unlike Joe Extoic’s own big cat rescue, which had a less than stellar track record on that front.
What do you think about Carole Baskin’s cryptocurrency? Do you think it will boost her net worth or go back into the rescue? Let us know your thoughts in the comments down below!