Blockchain is in trend and the same way you and I are aware of that – so are the scammers.
And scammers do what they’re supposed to – they scam people. Getting rich quick by issuing your own ICO and token was one of their favorite mean in the last couple of years.
Some of the below-listed coins were actually satiric response by the community but inexplicably grew to serious market caps. Let’s start the list with the most famous joke cryptocurrency: Dogecoin.
Dogecoin was created as a joke based on the popular “Doge” internet meme. Somehow, Dogecoin now has a market cap of more than $475 million (at ATH it reached more than $1 billion!).
Titcon claims to be the most popular cryptocurrency intended to be used for the adult entertainment industry. It hasn’t exactly taken off, with a market cap of only about $261,000.
Useless Ethereum Token
The Useless Ethereum Token is marketed as the most honest ICO ever created. The website’s creator is totally transparent about using the funds from the ICO for flat screen televisions and other electronics. With an ICO in the summer of 2017, the dawn of the year of ICOs, Useless Ethereum Token is an apt reminder of the fool’s gold ICOs that plague the Ethereum network and the crypto community at large.
Nothing inspires confidence in an investment quite like having the word “insane” right in the name of your currency. Yet Insanecoin currently has a market cap of more than $2.4 million.
Sexcoin, according to its website, “is the first industry specific cryptocurrency targeting the Adult Entertainment Industry.” People can use it to purchase “adult products.”
Jesus Coin promises to “outsource sin,” “decentralize Jesus,” and “provide miracles exclusively to Jesus Coin owners.”
Jesus Coin is a satirical cryptocurrency, that can be bought, sold, and traded like stock but has no intrinsic value. And in the final days of 2017, when bitcoin prices and cryptocurrency hype are near an all-time high, even jokes like Jesus Coin are making serious cash.
F— Token says it presents investors with a “unique opportunity” in the jargon-filled crypto currency world.
“They spew enticing buzzwords and confusing rhetoric just to make you invest in their idea,” the website says.”With F—Tokens, we present a unique opportunity to express how you really feel.”
It held an initial coin offering on July 13.
Coin, sometimes two, per president
French President Emmanuel Macron has also elicited his own coin, with a market cap reaching $2.3m at an all time high.
But it’s actually PutinCoin, after Russian President Vladimir Putin, which is the most valuable world leader cryptocurrency of all, worth $2.7m.
There is another Putin-inspired coin – PutinClassic (probably a fork of PutinCoin).
British prime-minister Theresa May was not left out – she got her own coin as well.
TrumpCoin, which might go some way to explaining why its ahead in the world leader cryptocurrency rankings. The US President’s namesake coin has a market cap of $430k, according to Coinmarketcap. It’s described as a “cryptopac” – funding a political action committee (PAC) – that is asking to “make crypto great again”.