The mania surrounding cryptocurrencies, particularly Bitcoin and Ethereum, has motivated a vast array of firms to develop their unique digital coins in order to capture investors’ interest in the fast-growing digital asset class.
Although there are many cryptocurrencies in existence because of their distinct purpose and worth, this storey looks at the strangest and silliest coins that have emerged in recent years.
Dogecoin was founded in 2013 by software developers Billy Markus and Jackson Palmer as a speedier but more “fun” substitute to Bitcoin. It began as a spoof on the multiple fraudulent cryptocurrencies that had sprouted up at the time, and it draws its title and emblem from a Shiba Inu meme that went widespread many years back.
Not like Bitcoins, which have a maximal potential number of 21 million (which is expected to be achieved by 2040), Dogecoin numbers have no upper limit, and there are now more than 100 billion in existence.
When the cryptocurrency first gained traction, the online community that supported it drew notice by financing Jamaica’s bobsled squad at the 2014 Winter Olympics.
“Doge” also has a fervent fan in Tesla CEO Elon Musk, whose repeated posts on Twitter have contributed to the digital token’s craze. Musk’s Twitter bio was once modified to “Former CEO of Dogecoin.” Other celebs, such as rapper Snoop Dogg and rock musician Gene Simmons, have endorsed it on social networks as well.
Potcoin, as the title implies, alludes to a network that allows the purchase of legalized cannabis. It is a digital currency that enables customers to buy and trade marijuana items in an incognito manner.
The digital coin offers a banking system that connects cannabis companies and customers on a decentralized friend network, allowing players from all over the globe to conduct safe transactions.
On June 12, 2017, the Potcoin network funded Dennis Rodman, an American retired professional basketball star and an informal US Peace Ambassador to North Korea, to travel North Korea to broker peace between the US and Kim Jong-un. While it is unknown if this attempt successfully propagated the peaceful beliefs of the community, it proved to be very beneficial for the coin’s and the project’s overall renowned. Overnight, the Potcoin ecosystem surged by 600%.
Kodak is the most recent corporation to jump on the Bitcoin frenzy. At a January presentation, Kodak launched Kodakcoin, a cryptocurrency designed to handle digital picture rights and compensate photographers for image use. To go along with it, Kodak launched a unique Kodak KashMiner mining setup.
The digital currency will be compatible with Kodak One, a new platform designed to assist photographers in licensing their photographs.
The Dentacoin Foundation, located in the Netherlands, was established in 2017 and is the independent organization driving the Dentacoin blockchain-based solutions and the same-named cryptocurrency. The Foundation’s regulatory form assures effective mission implementation and safeguards users’ interests because it operates exclusively.
Trumpcoin touts itself as a cryptocurrency that supports the Trump government and its supporters, which it refers to as “Patriots.” According to the blockchain startup, 200,000 of the six million accessible Trumpcoins have been put aside for gift to the Trump regime once the currency achieves a significant value.’
The Putincoin, Trumpcoin’s equivalent, is a cryptocurrency created after Russian President Vladimir Putin. The idea to create a cryptocurrency unique to Russia was taken to help the rapidly increasing Russian economy and market both within and outside the country’s boundaries.
Burger King, one of the globe’s largest fast corporations, has developed the Whopper Coin. In the summertime of 2017, the Russian division of Burger King introduced cryptocurrencies as a loyalty program.
This was a Burger King Russia promotion in which consumers were rewarded a Whoppercoin for any Russian rouble purchased in a Burger King location.
This Whoppercoin may be exchanged for, well, a Whopper. Customers with 1700 Whoppercoins were able to purchase Burger King’s trademark burger.
Garlicoin is a meme coin that was created in 2018 and is inspired by garlic bread memes. It was incredibly famous, but it still has a significant community and some devoted fans who remain to promote and help it grow.
A Reddit userbase felt it would be amusing to develop a cryptocurrency based on garlic bread, so they complied. Garlicoin is mined and has an integrated supply limit of 69 million.