The world of cryptocurrencies has one more this month: Maricoin.It is a cryptodivisis related to the LGBTI collective emerged in the heart of Chueca, the most diverse neighborhood in Madrid.

Since last December 31, this virtual currency is accepted as a means of payment in 25 businesses in Madrid, Barcelona, Gran Canaria or Ibiza.The 'gayfriendly' premises in which their use is allowed will show an 'm' at their door.

Maricoin was born from a meeting of friends in the Chueca neighborhood, in the heat of a conversation about the possibility of having a means of payment of the LGTBI collective.Since that informal talk more than three years have passed.At this time, a non -profit project has been set in collaboration with associations of the collective.

The establishments that want to participate must sign a manifesto in which homophobia or any discrimination is rejected and the principle of equality of all people is supported.

The fundamental importance of language is reflected in the word game with which the project has been imprisoned.The name of the currency, Maricoin, refers to the word 'fag', a derogatory term used to designate homosexual men that the collective in Spain has resignified and uses as a symbol of pride, and the English voice 'coin', currency.Along these lines, Maricains transfers will be called 'trans'.

Waiting list

The drivers of this project clarify that at the moment it is not an investment currency, but of transaction, and that they can only be acquired through a website.

The project caused a furor in the weeks prior to its premiere, and on December 31 a waiting list of all those who wanted to get their own Maricains had already been created.

The Madrid businessman Juan Belmonde, owner of the well -known hairdressing chain Juan by God, is the soul of this project."It will give us power in this globalized capitalist world," he explained in a video about the first LGTBI cryptodivisa.

Belmonde argues that, according to various studies of economic magazines, "if the gay community was a country would be the fourth economy of the world", so he affirms that it is time for it to have its own virtual currency.

How do you plan to reach everyone?The entrepreneur reports that they are collaborating with all associations and organizations that support the LGTBI collective and have more than 20 businessmen in Chueca behind the initiative.In addition, it announces that they will create a quality seal so that all people who use Maricoin know that this business supports gender and sexual equality worldwide.

'Wallet' and IPO IDE This 2022

Maricoin creators expect this means of payment, which define as social, ethical, transparent and transverse, can operate in the stock market as of this 2022.Also during this year they will launch their own 'Wallet', a purse for this cryptocurrency that will allow its administration and carry out reception and shipping operations.

This new currency has adopted the 'Altcoin' model, which means that it does not have a defined value, but its value will depend on supply and demand.During this month of January they plan to broad.

If the reception exceeds 10.000 transactions could meet another of its objectives: quote in Binance, the world's largest 'exchange'.It is an online exchange house where cryptocurrency exchanges are performed, either by other cryptodives or by traditional currencies, and where the market price that sets the value of each virtual currency based on supply and demand and demand is established.

Next goal: gay pride

They hope to have acceptance during the first semester of this year and reach the next gay pride party as a consolidated value, an acceptance that could allow them to finance the celebration with this cryptodivisis.In fact, that is another of its great objectives: to finance with Maricins the Gay Pride Festivities 2022 of the main 20 gay capitals of the world.

Maricoin was developed with Algorand's technology, a 'blockchain' created by Silvio Micali, and has been one of the ten projects that have been part of the Algorand Miami Accelerator acceleration program, which is why the initiative has been constituted in thatNorth American State.

The project receives financing from the Algorand investment arm, Capital Borderless, a risk capital fund dedicated to promoting the new decentralized projects of the company.In addition, this February could receive part of the million dollars that the Miami accelerator will distribute among 10 projects.

On the other hand, they are closing new collaboration agreements with other companies, such as the one announced Thursday with Cryptoro, a company specialized in 'Blockchain' consulting, technological developments, online training and fiscal advice for cryptoactive.

"Wild capitalism dyed of rainbow"

The truth is that the new cryptocurrency has received a good general reception, although it is true that critical voices have also been raised with this initiative within the LGTBI collective.

Thus, the director and screenwriter Javier Giner has described it as "the wild capitalism dyed of rainbow", while the journalist Paco Tomás has affirmed that "the 'bitcoins' are another capitalist thymus" and added that "the fags, in addition toOf that, they are an insult to the LGTBI+ fighting years that longed for a better world for everyone ".

Now it is about to see the future of this new currency and if its use reverses for the benefit of sexual affective diversity.

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