The cryptocurrency community has raised concerns about Maricoin, a new token allegedly linked to the LGBT + community, and some people even suspect the project may be a scam.
Maricoin. was launched in December 2021 promise to enable a “social, ethical, transparent and transversal means of payment” targeting the global “pink economy”; d. H estimated Trillion dollars.
One could question Maricoin’s ethics, however, since his name is a suitcase word that Plays about a spanish arch for homosexuals.
According to the project’s website, Maricoin runs on the Algorand blockchain, with developers planning to list the token on multiple crypto exchanges in 2022.
The project was ostensible Founded in Madrid by local hairdresser and entrepreneur Juan Belmonte, who said the new token will help the community benefit by providing a new payment method for LGBT-friendly businesses worldwide.
According to CEO Francisco Alvarez, 8,000 people were on a waiting list to buy Maricoin at the beginning of January.
Although the token is widely advertised on many mainstream media channels as the “first coin created by and for the LGBT + community,” Maricoin is not quite the first cryptocurrency project related to the LGBT + community. As previously reported by Cointelegraph, there are a number of LGBT-related tokens and initiatives, including the LGBT token, the started back in 2018.
Several industry watchers have been skeptical of Maricoin, with some even claiming the initiative may be a scam.
“It’s not a coin, it’s a token, clearly a scam to catch fools who want to make easy money with crypto. Their website is badly made, ugly, and doesn’t have a single technical line about how this crypto is going to work. Not a single whitepaper and their waiting list form is a fucking Google Doc, ”says one Redditor argued.
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Justin Ehrenhofer, Vice President of Operations at Cake Wallet crypto wallet service, said, “This 100% feels like a scam.” He noted that the Reuters article on Maricoin did not contain much skepticism about the project:
This 100% feels like a scam. You need to FILL OUT A GOOGLE FORM to indicate how much you want to “invest” in “MariCoin”? Yet @enriqueanarte @TRF publishes this likely scam without much skepticism. * Maybe * everyone involved is not aware, but this seems to be a textbook scam 🙁 https://t.co/3TY4NfyDgQ pic.twitter.com/j1ZQaZea8G
– Justin Ehrenhofer ️ (@JEhrenhofer) January 4, 2022
Maricoin did not immediately respond to Cointelegraph’s request for comment. This article will be updated until new information is available.
