Spanish LGBT token responds to critics, says it expects listings quickly

Spanish LGBT-related token MariCoin (MCOIN) has responded to the neighborhood following skepticism across the challenge’s idea and targets.

Some had even criticized the challenge for its title, which performed on a homophobic slur in Spanish. However in response to key folks within the challenge, they’ve merely misunderstood. 

MariCoin CEO Francisco Alvarez advised Cointelegraph that the challenge’s title is about “turning an insult right into a fortress,” referring to peculiarities of tackling homophobic language because the very phrase phrase “homosexual” continues to be getting used as an insult in some communities.

“In Spain it is vitally widespread for members of the homosexual neighborhood to name themselves ‘Maricón,’ so Juan, an lively member of the neighborhood, thought MariCoin was a implausible title for a cryptocurrency that might unite the entire neighborhood,” Alvarez stated.

The CEO famous that the MariCoin challenge has “discovered a generalized acceptance” of over 90% in different Spanish-speaking international locations like Argentina, Venezuela, Cuba, Mexico, Uruguay, Ecuador, and others. “Though we should work on that different 10% that doesn’t share our imaginative and prescient,” he famous.

In accordance with MariCoin co-founder and president Juan Belmonte, the challenge expects to listing its Algorand-based token on crypto exchanges supporting the Algorand blockchain on Jan. 31.

“We now have been in talks since September 2021, as we now have introduced, to listing on Binance. Our CTO is engaged on the white paper and we may have the primary model prepared subsequent week,” Belmonte advised Cointelegraph.

He additionally famous that MariCoin has closed their ready listing at 10,000 “Maricoiners,” as dedicated of their roadmap. “As a result of avalanche of mails, we now have needed to open a second listing to order the coin on the beginning value of $0.025, beginning subsequent January 31,” the chief added. Some folks locally beforehand have been skeptical about MariCoin’s ready listing for investing through Google Kinds.

Associated: New LGBTQ token goals for fairness however raises purple flags with neighborhood

Belmonte additionally talked about that MariCoin was chosen for the Algorand Basis accelerator program in Miami final yr, with assist from blockchain funding agency Borderless Capital. Aside from MariCoin, the accelerator additionally chosen 9 different startups together with Latin American digital financial institution NeoMoon, blockchain sport Alchemon, nonfungible token platform Dartroom, and others.

The Algorand Basis and Borderless Capital didn’t instantly reply to Cointelegraph’s request for remark.