While Elon Musk discloses Dogecoin, another famous figure in the Brazilian financial market tried to adopt the Tupiniquim version of the cryptocurrency meme.
Thiago Nigro, known for Primo Rico channel, used his Twitter to comment on the Brazilian novelty of decentralized finance. This is the Vira-Lata Finance protocol and its token, REAU.
In the publications held between sunday and monday (28 and 29), the youtuber used good humor to talk about the token to his more than 207.5 thousand followers.
reAUUUUUU
After winning over some enthusiasts in the cryptocurrency market, REAU registered a small appreciation.
At the time of writing this article, the token is quoted at R $ R $ 0.000237622.
Possibly surprising his followers on Sunday, Primo Rico piqued his audience’s curiosity by writing “reau?”.
Without wasting time, the profile of Vira-Lata Finance shared the publication of the youtuber and had fun with Comparation:
“We found our Elon Musk.”
In turn, Nigro joined in the joke and replicated an iconic Elon Musk publication about Dogecoin:
“To the Moon.”
In a few minutes, the publication went viral and several users commented on the interest of the digital asset.
REAU
Traded by exchange PancakeSwap, REAU registered in less than a month more than R $ 113.3 million in market value.
Its success is linked to the fame of the dog caramel meme in Brazil. Becoming a competitor to Shiba Inu, the mascot used by DOGE.
The REAU was designed to be a deflationary token, providing for the burning of its stock available on the market.
In addition, developers ensure that half of all generated tokens have been added to liquidity, and that 1% in staking is distributed among the holders for each transaction.
Rising DeFi
The REAU token is part of the Binance Smart Chain (BSC) decentralized finance environment (DeFi). The DeFi industry, especially BSC, has been growing in popularity.
Experts often make optimistic predictions for this market. Joey Krug, co-director of investment at Pantera Capital, is among the executives who see the future in investments in DeFi:
“I think DeFi is the next area of the greatest ‘investable’ asset in this space. In any portfolio, I want to have exposure to both decentralized exchanges and loan protocols. ”
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