It’s in a long tradition of parodies that turn out to be kind of serious, like Dogecoin, which began as a joke built around a puppy meme but today enjoys billions of dollars worth of trading volume each day and has a market cap just shy of $41 billion.
7 BNB at the time, minted 10 trillion coins, and told some people about it.”ĭre said that all of this started as a joke―a “middle finger” to coins that pretend to be a great innovation that would usher in the future but are really just ways for speculators to exploit people desperate to get rich quick. So I named it, minted it for about $400 or. “That's how people fall into scams in the first place, that's what they think they are.
I wanted to call it SCAM just blatantly, but I wanted a cool name for it, so I came up with Simple Cool Automatic Money,” Dre told Motherboard. Dre said that it only cost him a few hundred dollars to create SCAM. SCAM has seen its ups and downs over the past week, to say the least, and now sits at a market cap of more than $2.5 million with upwards of 1,600 addresses holding. Typically, they run on Binance Smart Chain (BSC) rather than Ethereum because it’s much cheaper, and this is where Dre turned SCAM into a token. Indeed, there’s been a proliferation of new tokens recently, all trying to go viral in order to reach a critical mass of investors to make a bit of money: Pisscoin, Dogemoon, Moonstar, SafeMoon… you get the picture.
#Crypter coin price code
Launching a new cryptocurrency these days can be as easy as pressing a few buttons on a website and paying a modest fee to cover network costs, or otherwise copying and pasting some code with a few tweaks. BSC though, that shit was simple, so I just fucked around and made a coin.” “Real talk, these people were just being assholes, so I said fuck it, how are people deploying these coins? I looked it up, looked at the Ethereum, at BSC, at Pancakeswap―I don’t have a fancy computer, so ETH was out of the window. "When motherfuckers made ASS, that was the last straw for me, though,” Dre told Motherboard in an interview. In doing so, SCAM is speedrunning the path of many cryptocurrencies: It hit a $70 million market cap (the snapshot current value of all tokens in circulation) almost immediately after launching, then slumped to $7 million, then $5 million, and now sits at $2.5 million. “This is the FUBU of crypto, for me by me, goddamn, this is the FUBU of motherfuckin’ crypto, this was for me, but now that y’all bought it, it’s for us by us.”ĭre said in an interview that he created SCAM to poke fun at other “shitcoins” or cryptocurrencies that are clearly pump-and-dump schemes, but at the same time make some money for people willing to put money behind it without any lofty talk to convince people anything more noble is going on.
“I’m a regular motherfucker that just so happened to make a coin and now I’ve got to make this bitch useful to the world,” Dre said in another video, this time on Twitter.
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