Forocoches has joined the token fever and has released his, Rotomoon, whose image is an astronaut on a rocket and which pretends help with your benefits to animal shelters.

The token, like bitcoin, has been created with a finite number of coins, 288 million, which refers to an internal joke of the foreros, by which every time someone asks for a number, they answer 288.

According to their Web page, each transaction will have a commission of 10%, of which one half is distributed among the ‘holders’, that is, the users who have positions in it, and the other half is destined to make donations and marketing campaigns.

The donations will go to the animal shelters, as they “want to help as many animals as possible, because they all need medical treatment and food, but the shelters cannot help all of them.”

The organizers state on their website that it is a “serious project” with which they intend to help the largest number of shelters and animals. “This photo has shown many times how generous it is and we want to help. As soon as we put liquidity, it will be blocked and we will stop owning the contract,” they say on their website.

The objective, key for it to be maintained

“The important thing for them to have some acceptance by the market is that are designed or created to meet a need. Those who, in their code or reason for being, do not have objectives to exist, do not have much success in maintaining themselves, “said XTB analyst Darío García.

The coins that do not have that objective receive the denomination of ‘shitcoin’, in reference to that lack of background, which for García is similar to the so-called ‘pink sheets’: the name by which small-capitalization companies are known in the United States without fundamentals to support their growth.

The collage is made up of 5000 digital images.

This would be the case of Rotomoon for García and he thinks that if the objective is to help the animals that are in a shelter, it would make much more sense than this token was launched by an organization such as the Animal Party (PACMA).

The project has already attracted speculative investors, who expect this token to become a Spanish-style Dogecoin with which to obtain large returns in a very short time, as happened a few months ago when the Reddit WallStreetBets forum caused the price of this coin to skyrocket.

“With the departure of Rotomoon a few days ago, there are many more speculative investors who want to enter the token, which already exceeds 1.5 million dollars in capitalization, and we cannot rule out that it will become the new ‘doge’ “, has pointed out IG analyst Diego Morín.

In this sense, the difference for García is that in Spain there is no one equivalent to Elon Musk that is going to make it go up in price so quickly. However, they have explained that they will begin in this second quarter to use influencers in social networks and that thus, “more people know about the project”, although they must take into account the new regulation in which the National Securities Market Commission works ( CNMV).

Morín added that, in addition, there are rumors that the most active investors in the Reddit forum they want to make an appeal to push the token.

A token, not a cryptocurrency

Garcia has explained that it is necessary to differentiate between a cryptocurrency, such as bitcoin or ethereum, to a token, which work on the blockchain base of some of the former. In fact, the vast majority of cryptocurrencies that exist are tokens.

“Anyone can copy the codes of bitcoin or any other cryptocurrency and create a token or an NFT, a digital asset backed by an asset,” he said.

García explained that the most used lately is ethereum, since “your transaction costs are very high And therefore, the transaction fees are taken by the creator of the cryptocurrency. “This has helped the growth of the price of the cryptocurrency, at all-time highs, to be more solid.


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