Review on LanaCoin by Florian Pautot
Birthday gift coin
On the technical side, the project is an Hybrid POS/POW protocol that allows users to mine or stake the coin.
The project has been active for a while, since it is still alive to this day even though it was created in 2016.
In a sense, LanaCoin is very different from most of the regular crypto projects. As per the author :
"If you can't find a reason to get involved in the project, you better not, we don't want "lambo" in our community, but people who will use a coin in an app that has real use, like e-commerce. If you're satisfied with a nice family SUV instead of a Lamborghini, you're more than welcome, but you have complete freedom to chase a lamborghini."
His goal is not to create another scammy get rich quick cryptocurrency, but a genuine approach for a properly and progressively developed coin.
There isn't much else to say about this project. This is not an investment coin, nor a speculation one. It's simply a geeky gesture for a father to his daughter for her birthday. Which is great !
Even though the father put a lot of effort on the code, the website, and on maintaining the project alive, it is not recommended to invest in it. Due to the very low volume and marketcap, you could stay stuck with the token, without being able to get rid of it.
Being listed on some low tier exchanges, it makes it even riskier. The author even said in an interview (CoinTelegraph - 2016) "I don't even advise people to buy a LANA coin", so if you do it, you're at least warned :)
Pros
- Cool Geek initiative for a birthday
Cons
- Not suitable for investors
New products
Comments (1)
October 29, 2020
I see this kind of money unnecessary, a money called birthday money is not very attractive to me, instead it can be a nice gift or gold, etc. a currency that doesn't interest investors
