8 Most Unusual Cryptocurrencies in 2021
PLEASE NOTE: THIS MATERIAL IS NEITHER A FINANCIAL OR INVESTMENT RECOMMENDATION, NOR A CALL TO PURCHASE SPECIFIC CRYPTOCURRENCIES. THE CONTENT OF THIS ARTICLE IS INTENDED SOLELY FOR INFORMATIONAL AND ENTERTAINMENT PURPOSES, AND THE EXECUTION OF ANY TRANSACTIONS IS AT THE USER'S DISCRETION.
There are several thousand known cryptocurrencies in the world, and each of them is unique in its own way. However, there are projects that stand out even against their competitors. Most of them were created for fun, but over the years, interest in them has grown, and some have even managed to become world-famous. We have compiled a selection of the funniest cryptocurrencies as of 2021.
POT was developed as a blockchain technology aimed at supporting a certain community in the United States. In particular, those who are passionate about cultivating altered state of consciousness plants. The project was launched in 2014, and since then, according to the creators, more than $1 billion worth of transactions have been made and the number of active users has grown to 410,000.
This coin is one of the most elaborate and practically applicable. It acts as a unit of reward, but at the same time complies with regulatory requirements. Of course, PotCoin is open source, global and decentralized. Issuance is strictly limited to 420 million coins. There are about 226.7 million coins in circulation right now (about 54%). It sells at $0.014 (hereafter as of 09/08/2021) and is ranked 1321 in the CMC rankings. The market capitalization of the asset is less than $3.3 million.
PTR is perhaps the most vivid embodiment of the collapse of fiat currency. It was launched by the Venezuelan government in 2018 amid a fatal financial crisis. "Petro" was supposed to help deal with hyperinflation. In 2020 alone, it was 2,355%, and in 2018 it was a nightmare 65,375%. It became obvious that the national currency, the bolivar, was no longer able to function as a stable and universally accepted means of payment.
Petro was planned to be pegged to the cost of a barrel of oil, also hydrocarbon was to provide the national cryptocurrency. At the same time, the authorities decided to "mine" the asset independently and "distribute" it. That is, they created a centralized instrument of 64 million coins, which predetermined its deplorable condition. Given the U.S. embargo and sanctions, Venezuela was deprived of financial assistance from outside and three years later Petro never became the first state cryptocurrency.
Perhaps the creators of this coin were inspired by a fictional resource from J. Cameron's film Avatar. That is why it is even designated as an element from Mendeleev's periodic system of chemical elements (Un). In addition, UNO reserves are extremely limited - only 250,000 coins can be mined until 2050. Thus, the developers wanted to create "unprecedented value preservation" and make the cryptocurrency similar in its savings properties to precious metals.
However, the attempt to create an artificial uniqueness of a product that has no value at its core is usually doomed to failure. So far, UNO is difficult to call a digital analog of the "gold standard," it is more like another product of cryptocurrency hype, though with a good idea. In the ranking of cryptocurrencies, UNO is 4906th place, with a value approaching $46.
It is not hard to guess in whose honor this digital asset was released. On February 20, 2016, a few months before Donald Trump became the Republican candidate in the U.S. presidential election, this blockchain was launched. It was described as a "worldwide fundraising and support tool" for a group of Patriot beneficiaries.
Mr. Trump himself was in no way the official "face" of the project, although his digital image was used at the launch. The future of the project, 5.5 years after the launch, has become very murky, since the President of the United States has already changed, and the former head needs more of a moral support. The TRUMP offer was supposed to be 18 million, and it can still be found on sale somewhere.
This project was also clearly created under the influence of the charisma of the state leader, only this time Russian. We are talking about the president of Russia V. Putin. The developers claim that the coin was created "to pay tribute to the people, the economic success and the president of one of the largest and greatest countries in the world”.
The coin was supposed to help develop the Russian economy and make payments between counterparties on its territory. But that seems utopian, given the authorities' negative attitude to even major projects like BTC or ETH. Moreover, the digital sector of the Russian economy is only 3.9 percent, compared to nearly 11 percent in the U.S. and 10 percent in China. Perhaps the acceptance of cryptocurrencies will become more active over time, but whether PUT will be at the cutting edge of this progress remains to be seen. With $90 billion in issuance, there are now about 1.2 billion coins in circulation, which is just over 1%. PUT ranks 1926th in the cryptocurrency rankings, and you can own a coin for as little as $0.00046 USD.
3. Cthulhu offerings
This asset was named after G. Lovecraft's immortal story "The Call of Cthulhu”. Coin holders use a fairy tale vocabulary and refer to the coins as "blessings," mining as "sacrifices," and themselves as "cult worshippers”.
In fact, the Gothic aesthetic is the foundation of this project. Otherwise, it is a rather trivial cryptocurrency, with little profitability and no potential for widespread use outside of the Lovecraftian community. Its supply is very limited at around 3 million.
This joke, according to many, is too long. Nevertheless, the rather obscure, though initially memetic, Dogecoin project quickly made its way into the 2021 trends thanks to active PR on Twitter by I. Musk and other opinion leaders. At one point, it was even one of the top three crypto-assets, but has now fallen back to eighth place.
DOGE was launched in 2013. D. Palmer and B. Marcus. They based it on a picture of a funny-looking Shiba Inu dog that was popular on the Internet at the time. Dogecoin itself took Litecoin as its base, but made the issue infinite. This is not good for digital assets, which are known for their deflationary characteristics and the inability to "turn on the machine" at will.
So while DOGE cannot be seen as a serious savings vehicle, it has had a significant impact on the cryptocurrency world, proving that even a hype project can be embraced by the masses. And it also shows that the world of cryptocurrency is infinitely diverse.
If you like garlic bread and cryptocurrencies, this is definitely your choice. Garlicoin was also born as a joke project of Reddit users in response to Dogecoin. It is also based on the same Litecoin, so it works similarly. On the website, the developers self-critically wrote that it is "a friendly decentralized cryptocurrency you've never heard of."
The project was launched on December 25, 2017 and was supposed to revolutionize the memcoin world. Indeed, it was possible to gather a team of developers and launch the testnet fairly quickly. By January 21 everything was ready. Garlicoin manages to form a block in 40 seconds, the network is very easy to connect to, and it is not necessary to use ASICs for mining. Transactions are fast, cheap and secure.
GRLC is successfully traded on exchanges at $0.058 per unit. It ranks 1280 with a market capitalization of about $3.7 million. There are already nearly 65 million coins in circulation out of a planned 69.