Maricoin, the first cryptocurrency created exclusively for the LGBTQ + community, recently made its debut on New Years Eve; and it is a digital token that strives to harness the economic power of the community for the cause of "changing the world."
"As we move this economy, why shouldn't our community benefit from it, instead of banks, insurance companies, or large corporations that often don't help LGBT + people?" Co-founder Juan Belmonte told the Thomson Reuters Foundation, a London-based charitable arm of Thomson Reuters.
Maricoin backers anticipate that the digital currency will begin trading earlier this year, as the token may become an acceptable means of payment in a number of LGBT-friendly businesses, including bars, restaurants, beauty centers, and bookstores. along with other establishments. who have signed a manifesto of equality. In principle, it is already planned to be used in about 25 commercial establishments, distributed in various cities in Spain.
The crypto battle against homophobia
Maricoin is a pun taken from a homophobic insult in Spanish and is developed as a means of empowering the community by expanding their financial options. The idea of creating a crypto on such a topic may seem like a solid marketing stunt to many, but the mastermind behind this digital currency assures us that the income earned through this token will be used for the benefit of the community.
Belmonte, hairdresser and entrepreneur, commented on the matter: “It would give us power in this globalized and capitalist world. We will be able to help people who at this moment do not have the same rights as us ”. According to Investing reports, this coin was presented on December 24 in Chueca, the populous LGBTQ + neighborhood of Madrid, where the idea was first conceived.
With Maricoin backed by Miami-based venture capital firm Borderless Capital, 8,000 people were said to have already been on a waiting list for crypto, looking to buy these coins before the coin begins trading. The project for this digital token expects to accumulate $ 1 million in the short term; This amount will supposedly be used to fund Gay Pride Day 2022.
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