Saturday 20 November 2021

Silliest cryptocurrency names

If you ask someone to name a cryptocurrency, most people would probably say, "bitcoin." Bitcoin was the first cryptocurrency, and its name is perfectly logical. It's a digital currency made up of digital 'bits', so 'bitcoin' is the perfect name.

Bitcoin.
A very sensibly named cryptocurrency.
However, not all cryptocurrencies have such sensible names. Unlike myself, the very sensibly named Charles Fudgemuffin, many cryptocurrencies have rather silly and unusual names.

This week the Charles Fudgemuffin blog takes a look at some of the weirdest and silliest cryptocurrency names out there, but as I commonly like to do, to make things more interesting I've turned it into a 'true or false' quiz. Take a look at the following cryptocurrencies, and see if you can guess which are real cryptocurrencies, and which are silly fictitious inventions which I've made up.

1) Cryptomuffin


Cryptomuffin was created initially to be used primarily at bakeries in Sweden, but its popularity has since spread to Norway and a few towns in the west of Finland.

Real of fictitious?





2) Useless


A Useless road sign. Or rather, a road sign for
the town of Useless. But is it a real town?

That's not part of the quiz, by the way.
It's just a random question.
There have been several fiat currencies throughout history which, due to hyper inflation, became effectively useless, such as the German mark (which in Novermber 1923 had an exchange rate of one US dollar to 4.2 trillion German marks!), the Venezuelan Bolivar, and the Zimbabwean dollar. In fact at one time the Zimbabwean dollar was so useless that a hundred trillion dollar bank note was issued!

However, the Useless token takes it one step further by actually being named Useless!

To quote the Useless website:

"Mom kicked us out of the basement and made us get a real job! So, we decided to be Useless full time.."

Real of fictitious?





3) Society Of Galactic Exploration


Apparently, the developers of the Society of Galactic Exploration token are big fans of space themed puns, as they say that the token will "offer investors the opportunity to explore deep space as we soar to new heights." And they add, "the intense gravity of your wallet will pull in millions or billions of tokens through our 3% redistribution rate."

But is it real, or have I just made it up?

Real of fictitious?



Silly Coin.


4) Silly Coin


No round up of silly named cryptocurrencies would be complete without the silliest name of all ... Silly Coin!

Silly Coin is tied to the value of the Zimbabwean dollar, so presumably you'd have to be silly to buy it!

Real of fictitious?





5) Smooth Love Potion


Smooth Love Potion sounds like something you might find in an Austin Powers / Dungeons and Dragons crossover, but in actual fact it's a currency used in the game Axie Infinity. However, despite being used in a game, Smooth Love Potion tokens do have a real life monetary value of $0.07.

But is Smooth Love Potion a real cryptocurrency, or have I just made all this up?

Real of fictitious?





Not quite infinite cakes, but quite a few nonetheless.

6) Infinity Cake


Who likes cake? Everybody, right? So what could be better than cake? How about ... infinity cake!

It sounds appealing, but is it real, or have I just rounded off this round-up with a deliciously sounding fictitious cryptocurrency?

Real or fictitious?

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Scroll down the page to find out which of the above mentioned cryptocurrencies are real, and which are made up...


















Answers:


Cryptomuffin. An artist's impression of how
it might look if it was real ... which it's not.

1) Cryptomuffin


Fictitious: Sadly, cryptomuffin isn't a real cryptocurrency. In actual fact, cryptomuffin is a form of cryptocurrency used by one of the characters in my latest novel 'The Freedom Lottery'.





2) Useless


Real: Surprisingly, Useless is a real cryptocurrency, and at the time of writing it has a value of $0.00000003093, so it appears to be currently living up to its name!




A galaxy, just waiting to be explored.

3) Society Of Galactic Exploration


Real:
Society of Galactic Exploration is a real token, and to quote the website, their token "was developed to celebrate and encourage space exploration amongst the masses."





4) Silly Coin


Fictitious: A cryptocurrency called Silly Coin would be very silly indeed, but sadly it doesn't exist because I just made it up.




A smooth love potion.

5) Smooth Love Potion


Real: Smooth Love Potion is a real cyptocurrency which is indeed used in the game Axie Infinity. Incredibly, the most expensive Axie* ever traded was sold for 300 ethereum, which at the time of writing is worth $936 thousand dollars!

* Apparently, axies are fierce creatures featured in the game that love to battle, build, and hunt for treasure!





6) Infinity Cake


Real: Infinity Cake is a real cryptocurrency, and continuing in the spirit of silliness, their website states, "Infinity Cake was born on a mysterious island far far away. However Infinity Cake escaped and now rewards cake to all holders who help defend against the witch."

Er ... okay.

Despite it's delicious sounding name, Infinity Cake's current value is $0.00000018, so it's considerably cheaper than real cake.


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The fictitious cryptocurrency 'cryptomuffin' is briefly featured in my latest book 'The Freedom Lottery' which is available for kindle from Amazon.




Legal disclaimer: I'm just a crayon eating ape. This blog post is purely about highlighting silly cryptocurrency names. It's not investment advice or financial advice. Anyone who invests in anything, whether it be stocks, cryptocurrency, gold, money printers that go brrr, or opportunities provided by Nigerian princes, does so at their own risk. Always do your own due diligence before making any financial decisions.

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If you like the idea of trading cryptocurrencies, but without the risk, then Traders Of Crypto is a cool website where you can trade for fun.


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