4 Incredibly Weird Altcoins
A brief introduction to four incredibly weird Altcoins - Mooncoin, Ethorse, Pandacoin and KodakCoin
Sadly, Mooncoin (or MOON) has nothing to do with the actual moon. Though it wouldn’t be surprising to see a cryptocurrency or two emerge that are meant to be valuable on future space explorations (this is actually exactly the sort of thing small-scale crypto would do), this is simply a fun name for a currency that’s specifically aimed at investors. It’s established a market value of over $20 million, yet you can still buy a very generous quantity of coins for a small amount of money. As for purpose and growth, Mooncoin basically allows you to make money off of online “likes,” in that if others like something you already have, you make a small cut.
Ethorse is kind of a brilliant concept, and it’s founded on the idea of horse betting. Really it could be any kind of betting, but horse racing is one of the most popular sports in the betting world, so the idea of analyzing where something will finish is often referred to as a “horse race.” This is what Ethorse is all about, in that it allows users to bet on the prices of cryptocurrencies over time. In a sense, it’s a way of investing in said cryptocurrencies without actually buying them - but instead, by way of the Ethorse tokens.
Here again the coin actually has nothing to do with its title. But it’s still a very interesting option. Built as an honest and fair cryptocurrency meant to be a substitute for a banking system (as opposed to a currency), Pandacoin is all about interest. Basically, if you buy Pandacoins and hold them in the PandaBank (yes, seriously), you can earn 2.5% interest so long as you keep your computer, and the PandaBank open and connected to the internet. It’s almost surprising that the market cap is as low as it is (between $1-2 million through 2017).
Here, the name <em>does</em> have to do with the product. KodakCoin actually comes from the old camera company Kodak, and is meant to facilitate blockchain-based crypto payments for photographers. That’s more or less the whole story, though it may actually be the most interesting currency on the list. It’s an example of how a cryptocurrency can be developed to serve a specific purpose.