The new LGBT token aims to achieve fairness, but it raises red flags in the community

The cryptocurrency community expressed concern about Mari Coin, which is a new token allegedly related to the LGBT+ community, and some people even suspect that the project is a scam.

MariCoin launched in December 2021 promise Realize the “social, ethical, transparent and horizontal payment method” for the global “pink economy”, namely estimated Reached trillions of dollars.

However, people may question MariCoin’s ethics because its name is a compound word drama Spanish slander about homosexuality.

According to the project’s website, MariCoin runs on the Algorand blockchain, and the creator plans to list tokens on multiple crypto exchanges in 2022.

It is reported that the project Established Juan Belmonte, a local hairdresser and entrepreneur in Madrid, said that the new token aims to help the community profit by providing new payment methods for LGBT-friendly companies around the world.

According to Chief Executive Francisco Alvarez (Francisco Alvarez), as of early January, as many as 8,000 people were waiting to buy MariCoin.

Although the token is widely promoted in many mainstream media channels as “the first coin created by and for the LGBT+ community”, MariCoin is not the first cryptocurrency project related to the LGBT+ community.As previously reported by Cointelegraph, there are many LGBT-related tokens and initiatives, including LGBT tokens, which are roll out Back to 2018.

Some industry observers are skeptical of MariCoin, and some even claim that the plan may be a scam.

“This is not a coin, but a token. Obviously it is a scam. The purpose is to catch fools who want to make money easily with cryptocurrency. Their website is well-made, ugly, and there is no technology about how the cryptocurrency works. Dedicated line. None of the white papers and their waiting lists are damn Google Docs,” a Redditor debate.

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Justin Ehrenhofer, vice president of operations at Cake Wallet, a crypto wallet service, said: “This 100% feels like a scam.” He pointed out that Reuters’ article on MariCoin did not raise too many doubts about the project:

MariCoin did not immediately respond to Cointelegraph’s request for comment. This article will be updated, waiting for any new information.