Want to earn money for brushing your teeth, absolve your sins or buy marijuana? There’s a cryptocurrency for that. Here are five examples of projects that have used or proposed initial coin offerings to raise money.
Market cap: US$2.6 million.
Who’s behind it: “Adam, formerly known as Dopey,” according to the DopeCoin website: “A coffee drinker, a world traveller and a creator of cool things.”
What it is: One of many cryptocurrencies designed to help people discreetly purchase marijuana.
Market cap: US$257,000
Who’s behind it: Chris Cowie, a Scottish music producer.
What it is: Calling itself “the world’s first cryptopac,” TrumpCoin promised to set aside and donate a portion of the cryptocurrency to now-U.S. President Donald Trump’s campaign once it grew in value. Like Trump’s popularity, however, the value of TrumpCoin has plummeted since peaking at US$3.4 million in January.
Market cap: Not yet launched.