The term ‘cryptocurrency’ became a household name when the value of Bitcoin hit an all-time high last December. Even though many cryptocurrencies existed at the time, it wasn’t until Bitcoin’s momentous rise (and fall thereafter) that the world started acknowledging the presence of virtual currencies.
In case you’re not sure, a cryptocurrency is a digital currency which uses encryption techniques to transfer currency units, verify and transfer funds. It follows a decentralised structure and works through a blockchain, which is essentially a public transaction database functioning as a ledger.
While the world is going gaga over the potentials of cryptocurrencies, we have compiled a list of 15 wacky cryptocurrencies that will blow your minds away– LITERALLY! Take a look:
A Bananacoin is a cryptocurrency based on bananas (real bananas!). The value of every token is equal to the export price of 1 kg of bananas, which was 0.7 USD (Rs 45 approx) at the time of writing this article. Unlike other cryptocurrencies, this one exists to fulfill the shortage of bananas in China– bizarre but oddly useful!
Of course, there is a fuck token! FuckToken is an acronym which stands for ‘Finally Usable Crypto Karma’. According to the website, it’s a social cryptocurrency that ‘aims to help everyone around the world give a FUCK’. Oddly enough, the value of one fuck was 0.037 USD (Rs 2.40 approx) at the time of writing this article. Whatever their plan might be, you shouldn’t give a f**k about them for sure!
There is Dogecoin and then there is Catcoin. The point is- why should dogs have all the fun? Catcoin is a cryptocurrency that aims to better the lives of cats and their humans. If you love your pet, one Catcoin is equal to 0.047349 USD (Rs 3.05 approx).
It’s time to make America great again! Practical or not, but this is what the virtual currency aims to achieve. At the time of writing, one token was valued at 0.119 USD (Rs 7.66). It was created by the supporters of US president Donald J Trump to honour him– need I say more?
This cryptocurrency had to be abandoned thanks to the eerie resemblance of its cartoonish logo with American hip hop artist Kanye West. The makers faced a trademark infringement lawsuit from West’s lawyers despite having no affiliation with the star. In case you’re wondering about its utility– it had none just like Mr. West!
If you love dogs, you will surely love this cryptocurrency. Just look at its adorable mascot! According to the website, it is ‘an open source peer-to-peer digital currency favored by Shiba Inus (Japanese dog breed) worldwide’. I wonder if its a currency for humans or dogs? As far as its value is concerned, one token is equal to 0.004623 USD (Rs 0.30 approx).
All you potheads out there, this one is for you all. Confused? Well, Potcoin is a cryptocurrency designed to facilitate transactions within the legalized cannabis industry. At present, one Potcoin is valued at 0.156360 USD (Rs 10.05 approx). Anyone interested?
Another cryptocurrency that makes little sense to people at large is Dentacoin. It’s a cryptocurrency designed for global dental industry and it aims to create a blockchain-based platform for trusted dental treatment reviews by patients. While it does sound like a noble initiative, it’s definitely not for the commoners! In case you are interested, one Dentacoin is equal to 0.001072 USD (Rs 0.07 approx).
9) Useless Ethereum Token
Useless Ethereum Token or UET is exactly what it sounds like. If you don’t trust me, take a look at its website, which clearly states– “You’re going to give some random person on the internet money, and they’re going to take it and go buy stuff with it. Probably electronics, to be honest. Maybe even a big-screen television. Seriously, don’t buy these tokens.” Now you know, why it’s called useless! BTW, one UET equals 0.052116 USD (Rs 3.35).
Fuzzballs is yet another useless cryptocurrency that is meant for gifting and parties (coz there is a genuine shortage of gift items in the market!). “Small items for gifting will be added to the FUZZ shop over time such as keychains, bottle openers and will be available for purchasing with FUZZ or equal BTC,” the website states in the description and I must say that we are bored AF! In case you are still interested, one Fuzzball is valued at 0.0382 USD (Rs 2.46 approx).
Love garlic bread? Then you will surely love Garlicoin. Born out of a Reddit user’s dream of competing in the memecoin market, Garlicoin is a cryptocurrency dedicated to garlic bread (really?). The page states that it is ‘hot out of the oven’. It even hosts garlic recipes on its page. We aren’t going to try this one for sure! But for all the garlic bread lovers, one Garlicoin is equal to 0.254293 USD (Rs 16.35 approx).