MariCoin is a pioneering cryptocurrency developed by and for the LGBTQ+ community, aiming to serve as both a means of payment and a symbol of the community's value and struggle. Operating on the Algorand blockchain, MariCoin aspires to be a Social, Ethical, Transparent, and Transversal (SETT) currency that unites and empowers its users.
Project Overview:
MariCoin was conceived to address the unique financial and social needs of the LGBTQ+ community. The project's mission encompasses two primary objectives:
1. Means of Payment: To become a widely accepted currency among businesses and individuals who support LGBTQ+ causes, facilitating seamless transactions within the community.
2. Funding Source: To financially support initiatives and projects led by LGBTQ+ associations and organizations worldwide, thereby contributing to social progress and equality.
The project's inception was driven by the recognition that the LGBTQ+ community often faces financial discrimination and lacks representation in traditional financial systems. By creating a dedicated cryptocurrency, MariCoin aims to empower the community economically and socially.
Tokenomics:
MariCoin's economic model is designed to ensure equitable distribution and foster community engagement:
Total Supply: The total supply of MariCoins is capped at 250 million tokens.
Distribution Plan:
Associations and Organizations (20%): Approximately 50 million MariCoins are allocated to LGBTQ+ associations globally. These organizations receive tokens upon signing the MariCoin Manifesto and promoting the cryptocurrency among their members. To prevent devaluation, these tokens are placed in staking, allowing associations to earn rewards passively.
Reserve for Emergencies (2%): Around 5 million MariCoins are reserved to address emergency situations within the community, providing a financial safety net for those in need.
Public Availability (78%): The remaining tokens are made available for public purchase and use, encouraging widespread adoption and liquidity.
Utility and Adoption:
MariCoin is designed for practical use within the community:
Payments: Users can conduct mobile-to-mobile transactions, pay at participating businesses, and receive discounts and benefits.
Support for Businesses: Merchants accepting MariCoin benefit from lower transaction fees compared to traditional payment methods. They also receive promotional support and visibility through the MariCoinMap, a global directory of affiliated businesses.
Community Empowerment: By using MariCoin, community members contribute to the economic strength of LGBTQ+ organizations, as increased usage enhances the token's value, directly benefiting the associations holding staked tokens.
Market Approach and Value Proposition:
MariCoin aims to harness the economic potential of the "Pink Economy," recognizing the significant purchasing power of the LGBTQ+ community. By providing a dedicated cryptocurrency, MariCoin seeks to:
Enhance Visibility: Highlight the economic and social contributions of the LGBTQ+ community.
Foster Unity: Serve as a unifying financial instrument that strengthens bonds within the community.
Promote Financial Independence: Empower LGBTQ+ associations by providing them with financial resources through staking rewards, enabling them to support members facing exclusion or risk.
Conclusion:
MariCoin represents an innovative fusion of cryptocurrency technology with social activism, tailored to the needs and aspirations of the LGBTQ+ community. Its thoughtfully structured tokenomics and clear mission to serve as both a practical payment method and a funding source for community initiatives position it as a unique player in the digital currency landscape. By aligning financial incentives with social values, MariCoin endeavors to create a more inclusive and equitable economic environment for its users.