9 weirdest crypto projects from Dentacoin to Cthulu

The cryptocurrency industry is very, very strange.

What would you expect from an industry founded by cypherpunks and embraced in its early days by privacy and cryptology ideas, software geeks, anarcho-capitalists and Ron Paul voters?

As crypto grew and creating new cryptocurrencies became easier in the initial coin offering (ICO) era, no idea was too stupid or too left-field to ignore. And that's before memecoin was created, it could be done with the touch of a button, resulting in millions of coins that you don't even have an idea about.

It is impossible to list all the unusual crypto projects, but here are a few favorites

1. Crypto cavity, Dentacoin

In the year Founded in 2017, Dentacoin Foundation and its eponymous cryptocurrency aims to streamline the modern dental industry. According to the Netherlands-based project's white paper, the Ethereum-based Dentacoin (DCN) token was intended to be a “utility token, used for rewards, payments and exchanges within the dental industry and beyond.” It is said to be a payment method for materials, equipment and other services that patients can obtain by taking oral health surveys, providing expert advice and following oral health care procedures.

The ultimate goal was to speed up medical payments, which take a lot of time and involve a lot of red tape.

As with many good use cases of tokens, DCN's value spiked at release and then flattened out. In the year As of August 24, the project's market capitalization was only $235,000, failing to achieve its lofty ambition of disrupting the dental industry with blockchain.

You may need some novocaine for that.

2. A Lovecraftian cult worships Cthulhu in crypto.

Cthulhu, the monster of HP Lovecraft's eldritch horror stories, is an “old” force of evil and horror that the human mind cannot comprehend. The purpose of Cthulu's (FHTAGN) token also seems incomprehensible. In the year Appearing on online forums in 2013, the token seemed to serve no other purpose than to give die-hard crypto and Lovecraft fans something to do and send to each other.

Forum users represent FHTAGN (the symbol itself is from an obscure and terrifying Old Language word) as part of the religion and mythology surrounding Cthulhu, i.e., tokens were “offerings”, holders were “believers” and coins were mined. Through “sacrifice”.

According to the few sites that track it, Ctulu has no measurable market capitalization and a value of $0.000032 per token.

Other symbols associated with Cthulu have also appeared. The Cute Cthulu (CTHULU) coin is a Solana-based project that aims to raise awareness and support efforts in marine life and ecology.

In June, the project donated $2,000 to The Ocean Cleanup.

“A dead Cthulhu dreams and waits in his house in Riley.

3. SpankChain, Google this yourself…

If crypto is the native currency of the Internet, it was only a matter of time before it eclipsed pornography and adult entertainment. Founded in the midst of the ICO boom, SpankChain has received fairly positive media coverage. It aims to provide a platform for adult performers to have more control and agency over how they are compensated for their work. The money was used for payments on Spank.live. Actress Ali Awasom told Cointelegraph magazine in 2020 that she made a small fortune through the cryptocurrency app. “Instead of losing 20% ​​or more with a fiat payment processor, I like to keep the payment 100% when I use cryptocurrencies,” she added, adding, “It's very difficult to get non-crypto people to use it. Despite popular graphics and millions of dollars in investment, the project closed some roads in March 2023. It was and has been dormant ever since. SpankChain had to shut down its payment processor SpankPay after it lost its carrier and was unable to find a new one. However, according to the SpankPay X page, the project is back and allowing users to register usernames.

4. Trump coins are not winning much

While not always a supporter of cryptocurrencies, former United States President and 2024 presidential candidate Donald Trump has been in the space in one way or another for some time. To date, several cryptocurrencies have been openly attributed to Trump and are believed to support him. A bid to return to the White House. The first, which initially started as Trump Coin but was rebranded as FreedomCoin (FREE), launched in 2016, eight years before it came out to support the cryptocurrency industry.

Donald Trump dancing at a big campaign rally in the Bronx, New York pic.twitter.com/heFOYzRVIX

— Sprinter Family (@SprinterFamily) May 24, 2024

The most “successful” – Solana-based TrumpCoin (DJT) – has a capitalization of 1.43 million dollars. The project has no official ties to the Trump campaign, and famous “Pharma Bro” Martin Shkreli has said he helped create the token. Research firm Arkham Intelligence has offered a $150,000 reward to anyone who can prove exactly who started the project. The rapid price action and speculation on the token suggest that memecoin may be the only one citing the hype around Trump and the US elections. None of the Trump coins are officially affiliated with the Trump campaign or organization. However, the presidential campaign accepts crypto donations. Make crypto weird again.

5. Pot coins drink bong water

At the peak of the ICO boom, the marijuana industry was no stranger to token projects everywhere. Initially, weed tokens solved a problem for the US cannabis industry. A federal weed ban means that any federally depositors insured bank (any bank you want to do business with) will not serve weed growers, dealers, or distributors. Crypto offers all these parties a secure way to trade without having to use a bank or carry multiple wallets. PotCoin (POT), HempCoin (THC) and Cannabis Coin (CANN) have all emerged as tokens to cure the industry's ills. PotCoin even sponsored American basketball star Dennis Rodman, who wore a PotCoin shirt during his infamous trip to Singapore to meet Trump and North Korean dictator Kim Jong-un, sending the price skyrocketing.

They have arrived in Singapore for the historic conference! We look forward to @POTUS achieving incredible success that the whole world will benefit from. @potcoin Thank you for supporting my mission! #Peace #Love #Historic Summit #Singapore #PresidentTrump #Marshal Kim Jong Un pic.twitter.com/XNDsyBjLv8

— Dennis Rodman (@dennisrodman) June 11, 2018

However, some observers say that even then, these weed coins have not been able to make significant gains against established currencies like Bitcoin. All now with negligible market capitalization and no onchelle activity. It really makes the mood worse, man.

6. At least they were honest: useless Ethereum Token

Useless Ethereum Token (UET), as the name suggests, is worthless. UET was originally created as a joke. He said the project website had no intended purpose and was not intended to increase prices. As the anonymous inventor UET CEO told the New York Observer: “I realized that people didn't care about the product. They care about spending a little money, looking at a chart, and then spending a little more. So why not have an ICO without a product and do it in a completely transparent way, just to see what happens?” According to industry media, the project raised $300,000 in ICO. It's not clear what the CEO did with the money, and the brand isn't listed anywhere. Really worthless.

7. Garlic values ​​society and… garlic

Another coin that was originally created as a joke, Garlicoin still boasts an active community. The coin was founded in At the beginning of 2018 – another ICO boom – with the general theme of garlic and garlic bread. On the project's website, anthropomorphic garlic bulbs and garlic loaves, they describe the network as having fast and cheap transactions and the ability to withstand specialized mining tools such as application-specific integrated circuits.

The community is still going strong and is highly committed to the project's garlic-centric identity. In the project's Discord, a member posted Garlic Morning! Garlic Afternoon! Garlic night!” Another user suggested a way to get more GRLC containers: “Suggestion: 1. Invite ‘friends'. 2. Everyone brings their favorite version/variety of garlic bread. 3. Everyone enjoys garlic bread. great. 4. Give a paper bag with some Garlicoin to everyone who shows it.” GRLC's price has been mostly flat, but by 2021 the token was in flux with the rest of the market.

8. A small step for crypto, Mooncoin

In the year Created in 2013, Mooncoin (MOON) was a symbol of the crypto community's choice to go to the moon. It was also popular among astronomers, and its maximum supply of 384 million tokens is 384,000. -The distance in kilometers between the Earth and the Moon.The location-oriented marketing and its astronomical references have made the coin unusually popular with collectors. The platform has never done pre-mining or ICO and aims to provide cheap transactions. According to Coinfi, the project has a market capitalization of more than $6 million, the 24-hour amount is only $141. Failed to launch?

9. OG memecoin, Dogecoin

In the year In 2013, software engineers Billy Marcus and Jackson Palmer created Dogecoin (DOGE) as a joke, no one would invest in a coin made just to poke fun at a popular meme… right?

At first, criticism of the highly speculative nature of cryptocurrency has become something that its creators sought to criticize.

In the year As of Aug. 20, it has a market capitalization of more than $15 billion and an army of supporters, including eccentric tech billionaire Elon Musk.

Dogecoin inspired another dog-related coin, Shiba Inu (SHIBA), founded in 2020. The pseudonymous “Ryoshi” coined the coin as a nod to DOGE and the memecoin idea took flight.

Since then, thousands of strangely named and highly speculative memecoins have emerged.

Thanks for that, Dogecoin. Be weird, crypto.