Crypto Pirates

Maricoin: They launch the collective’s first cryptocurrency


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From January 1, the bitcoin universe will gain a new proposal. Is about Maricoin, the world's first cryptocurrency for the LGBTI community, which was launched in the Madrid neighbourhood of Chueca and will make its public debut on New Year's Eve in approximately twenty gay-friendly establishments.

Developed using Algorand technology and created by Silvio Micali as part of the Algorand Miami Accelerator acceleration programme, its creators intend for it to become the cryptocurrency that is widely used in the global community.

The new bitcoin can be used in Barcelona, Ibiza, Maspalomas (Gran Canaria), and Madrid.

"We need to unite more than ever before and pay, use, and transact in our own currency: maricoin," they stated in a statement.

"According to recent studies published in economics journals, if the gay community were a country, it would have the world's fourth largest economy. "It is past time for us to have our own currency," declared its forerunner, hairdresser Juan Belmonte.

Additionally, he assured, they can use it to "assist other people who do not have the same rights as us at the moment."

Francisco Alvarez Cano, CEO of Startify, is the founder and CEO of maricoin. According to him, maricoin will not only be "the first cryptocurrency created by and for the LGTBI collective," but it will also "have value as a means of payment for any transaction at the same time it becomes a tradable asset on an exchange."

Following the pilot test in the new year, the intention is to conduct a single issuance of 250 million dollars in maricoins in January 2022. (the equivalent is 50 maricoins for one euro).

According to bitcoin's dynamics, no additional units of this cryptocurrency will be issued until the volume of demand has been verified.

Its promoters anticipate that maricoin will begin trading on the major exchanges that support Algorand in the first quarter of 2022. Belmonte, alias Juan por Dios, assured that "a waiting list has already formed to obtain premium maricoins prior to the currency being listed."

The acceptance of marijuana will be validated at the next Gay Pride party in Madrid. One of the promoters of the new cryptocurrency's goals is to help raise funds for Gay Pride celebrations in twenty cities worldwide over the next year.

Around 7.5 percent of the world's population is estimated to be LGTBI, and the so-called "pink economy" - the purchasing power of this group - is estimated to be worth $5 billion annually.

 

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