The total market capitalization of all the combined cryptocurrencies is US $ 353 billion, according to CoinMarketCap. Of this amount, Bitcoin represents US $ 140 billion and the top ten of altcoins another US $ 142 billion. The rest is divided among hundreds of smaller cryptocurrencies.
Some of them have world or space names (EarthCoin, WorldCoin, SolarCoin), while others are named after someone (Einsteinium, Teslacoin). But the truth of all is that, the further down the list they are, the weirder it gets. This is just a small sample of the cryptozoology of the altcoins, including one that “rests in peace.”
Developed as a joke in 2013 by Billy Markus and Jackson Palmer, Dogecoin is immediately recognizable thanks to the furry countenance of his pet, a Shiba dog, and a bona fide Internet legend called Kabosu.
Unlike competing cryptocurrencies, there is no limit to the amount of Dogecoin that can be produced. This means that it is unlikely that Dogecoin will appreciate its value to the same extent as its peers; however, the currency has been successful as an online tip system, used to reward notable content on sites like Reddit.
Unobtanium advertises itself as “the bitcoin gold platinum”, “something to acquire and maintain over a long period of time, similar to precious metals”.
The allegory of the precious metal does not stop there: the quantities of UNO are measured in kilograms. Only 250,000 UNO have been made available for mining for the next 300 years, which makes them rare, really rare. Despite this, its popularity lasts, while hundreds of altcoins have bitten the dust.
As someone who surfed a wave of Internet memes to the presidency of the United States, it should not be surprising that Donald Trump has a digital currency that bears his name.
In the words of its creators, the ultimate goal of TrumpCoin is “to support President Trump and his powerful vision of making the United States great again.” Having seen “El Donald” installed successfully in the White House, the patriots behind TrumpCoin promise that their crypto “will continue to be integrated into President Trump’s agenda”.
200,000 of the six million available TrumpCoins have been set aside to donate to the Trump administration once the currency reaches “substantial value,” since even multi-millionaire statesmen can always use a little extra money.
We could not include TrumpCoin in this list without mentioning its spiritual counterpart: the PutinCoin , named after the enigmatic Russian prime minister. The creators of PutinCoin do not beat around the bush: according to them, this crypto was created to “pay tribute to the people and the president of one of the most extensive and grandiose countries in the world: Russia.
In fact, PutinCoin is just one of several cryptocurrencies that celebrate Vladimir Vladimirovich Putin. PutinClassic (PUTIC) is another remarkable example, despite operating more as a digital “memory” than as a functional cryptocurrency. “It’s nice to have it in your wallet,” says the official PutinClassic forum.
Like many successful cryptocurrencies, Mooncoin has a frivolous trick: it limits its total supply of coins based on the average distance between Earth and the Moon. There, however, is where the frivolity ends.
Created with a focus on ease of use and transparency, this crypto, increasingly popular, is designed for micropayments. The low transaction costs and time per block, combined with a large supply of coins, make Mooncoin extraction much easier than other digital currencies.
And that’s not all: the creators of Mooncoin are also responsible for developing MoonWord, a free programming language, and SmartLikes, a way to monetize “like” online content using Mooncoin. Fun fact: there is a city called Mooncoin in the county of Kilkenny, Ireland.
Coinye lived fast and died young, too young. Launched on January 7, 2014 as “Coinye West”, this cryptocurrency, based on scripts, featured the famous rapper Kanye West as his pet, without his permission.
A lawsuit for trademark infringement came quickly. Even changing the name to “Coinye” and replacing the resemblance of West with that of a hybrid “half man – half fish” could not delay the inevitable, and by January 14, a week after the launch, Coinye no longer existed.
“Never before has anyone tried to sue me, let alone a celebrity,” said Coinye developer Harry Willis. “We did not win, but we have cost Mr. West thousands of dollars in legal fees, which is a great feeling.”
Credit: translated from Spanish criptotendencia.com