Review on Marijuanacoin by gregori cordova
Another crypto born as a joke that intended to use blockchain to hide from justice
The rise and growth of this type of unprofessional projects are increasing, and they do not seem to have limits even to decide the name of their currency. Marijuanacoin, like many others, tried to emulate the success that Dogecoin had, (a cryptocurrency that was also born as a kind of joke, but which today has been claimed and has a lot of acceptance in the crypto world) but they have been a total failure, due to the unprofessionalism of its creators by not having specific documentation about the project.
Marijuanacoin is a proof-of-work and proof-of-stake cryptocurrency created in 2017 that can be mined without much effort and can be used in a market where you can buy and sell marijuana-based products. They wanted to take advantage of the potential that the blockchain offers to keep their transactions in the shadows, buy cannabis without the risk of carrying cash, and even offered to rent spaces for growing cannabis.
Believe it or not, there are about 20 projects like this in the crypto world, and none have been able to prosper, because they are carried out by very unprofessional people and who do not offer important documentation about their project to generate confidence in investors.
Pros
- nothing positive to consider
Cons
- Its market cap is only $ 10,000
- They are available on a single shady exchange called cryptonia
- Although the currency appears to have very little circulation, its website is down and its social networks are all inactive.
- It is listed on Coinmarketcap and not on coingecko, which can be confusing as some newbies may be tempted to invest in that currency.
- There was never any technical documentation on how they intended to achieve all the promises they made from the beginning
