Elon Musk accidentally created a new cryptocurrency. WTF?

[Flexystar]

Whatever it may be I just love this guy. Elon is million things at the same time. We may hate him for the behaviour he has and the way he manipulates the market. But I see it entirely different way. I mean it’s good that he is manipulating it or may be he is just using the meme coin as actual meme and fans are following out of money greed. We can never understand the bright mind and what goes on the surface. If he is creating new coins accidentally then we should be able to catch up the train before it’s too late, get in get out with plenty profits. That’s all! Why make buzz about it.

[Sethrey]

Honestly, i first saw this topic two days ago, and it's the first time hearing about this Floki Musk token. And honestly as well, i don't think Elon was the master of this token and anyone can verify this by searching about Elon Musk affirmations about it.
Back to last June, during the middle of full Doge hype, anyone create something and attach the name of Elon to it will have a potential to be traded as an asset and even reach major exchanges.

And don't you understand that it's the worst thing that can happen or no? For some reason not all the exchanges check the information about the coin and it ends in a disaster. Just learn the case with a coin based on a Squid Game series. It was listed and traded and it turned out to be a scam. And it happens while really perspective coins can't find it's popularity.

[Starkick]

Whatever it may be I just love this guy. Elon is million things at the same time. We may hate him for the behaviour he has and the way he manipulates the market. But I see it entirely different way. I mean it’s good that he is manipulating it or may be he is just using the meme coin as actual meme and fans are following out of money greed. We can never understand the bright mind and what goes on the surface. If he is creating new coins accidentally then we should be able to catch up the train before it’s too late, get in get out with plenty profits. That’s all! Why make buzz about it.

The fact that Elon Musk is a genius is not even discussed. This is a constant that cannot be challenged. But the main point is the excessive attention of the crypto audience and the desire to easily cash in on a pseudo-popular project.

[Kavelj22]

Honestly, i first saw this topic two days ago, and it's the first time hearing about this Floki Musk token. And honestly as well, i don't think Elon was the master of this token and anyone can verify this by searching about Elon Musk affirmations about it.
Back to last June, during the middle of full Doge hype, anyone create something and attach the name of Elon to it will have a potential to be traded as an asset and even reach major exchanges.

And don't you understand that it's the worst thing that can happen or no? For some reason not all the exchanges check the information about the coin and it ends in a disaster. Just learn the case with a coin based on a Squid Game series. It was listed and traded and it turned out to be a scam. And it happens while really perspective coins can't find it's popularity.

A coin based on a Squid Game series, is definitely defining itself to be a shit coin created for scammy goals. Weird how people see investment potential on it.
Most of the trading platforms require a fee to add a new token, provided that it has a specific trading volume, and these are, of course, relatively easy conditions. I even remember see exchanges offering the possibility to list a token for a limited period and the token has to pay for to be listed an additional period.

[Sethrey]

A coin based on a Squid Game series, is definitely defining itself to be a shit coin created for scammy goals. Weird how people see investment potential on it.
Most of the trading platforms require a fee to add a new token, provided that it has a specific trading volume, and these are, of course, relatively easy conditions. I even remember see exchanges offering the possibility to list a token for a limited period and the token has to pay for to be listed an additional period.

You're right, but people don't usually believe in small exchanges that ask for quite a low fees for listing. No one will pay a lot to be listed on a top exchange. But this situation has another side also. There are many small coins that are really worth trying like Crypton privacy coin from Utopia p2p. They even created own no KYC decentralized exchange https://crp.is/ And in a row with that, coin is listed on numerous well-known exchanges. But people will continue following hype coins and lose their money.

[Starkick]

A coin based on a Squid Game series, is definitely defining itself to be a shit coin created for scammy goals. Weird how people see investment potential on it.
Most of the trading platforms require a fee to add a new token, provided that it has a specific trading volume, and these are, of course, relatively easy conditions. I even remember see exchanges offering the possibility to list a token for a limited period and the token has to pay for to be listed an additional period.

You're right, but people don't usually believe in small exchanges that ask for quite a low fees for listing. No one will pay a lot to be listed on a top exchange. But this situation has another side also. There are many small coins that are really worth trying like Crypton privacy coin from Utopia p2p. They even created own no KYC decentralized exchange https://crp.is/ And in a row with that, coin is listed on numerous well-known exchanges. But people will continue following hype coins and lose their money.

I think that this is due to their desire to get unprecedented profits quickly and without making any effort. Therefore, I do not regret that some users lose time and money. This is their personal choice.

[rat03gopoh]

it's not well known for now, floki musk coins, especially for now where bitcoin is still experiencing a bear trend,

Shittoken won't follow global market price trends. Even if you use a token name associated with a character like Elon Musk, Elon's own words won't affect it. As long as a lot of fools fall into the trap, during that time the price will be pumped up to a target limit the initial holders of the tokens will dump it. Then the founder will come up with other identities bring up another shittoken, and so on.

[Sethrey]

Shittoken won't follow global market price trends. Even if you use a token name associated with a character like Elon Musk, Elon's own words won't affect it. As long as a lot of fools fall into the trap, during that time the price will be pumped up to a target limit the initial holders of the tokens will dump it. Then the founder will come up with other identities bring up another shittoken, and so on.

Fully agree with you! There's no chance getting income from such coins. But some people simply know the right moment how to do that fast before the token will crash. Anyway, there won't be 100% success. The main step is to check the whole information about the project and its developers. If the project is alive for several years and has an active audience around the social media, it can be worth trying.

[Starkick]

Shittoken won't follow global market price trends. Even if you use a token name associated with a character like Elon Musk, Elon's own words won't affect it. As long as a lot of fools fall into the trap, during that time the price will be pumped up to a target limit the initial holders of the tokens will dump it. Then the founder will come up with other identities bring up another shittoken, and so on.

Fully agree with you! There's no chance getting income from such coins. But some people simply know the right moment how to do that fast before the token will crash. Anyway, there won't be 100% success. The main step is to check the whole information about the project and its developers. If the project is alive for several years and has an active audience around the social media, it can be worth trying.

Your words sound like a great plan. Especially when it comes to working with new and little-known projects. Although, extra caution will not hurt even in the case of widely known and popular coins.

[Sethrey]

Your words sound like a great plan. Especially when it comes to working with new and little-known projects. Although, extra caution will not hurt even in the case of widely known and popular coins.

In continuation of my words, I can share the latest updates of Utopia p2p ecosystem: https://utopiap2p.medium.com/utopia-p2p-presents-its-new-spring-updates-a7e89975747c As mining was improved, the productivity of the whole ecosystem will improve and get faster.

[Starkick]

Your words sound like a great plan. Especially when it comes to working with new and little-known projects. Although, extra caution will not hurt even in the case of widely known and popular coins.

In continuation of my words, I can share the latest updates of Utopia p2p ecosystem: https://utopiap2p.medium.com/utopia-p2p-presents-its-new-spring-updates-a7e89975747c As mining was improved, the productivity of the whole ecosystem will improve and get faster.

Oh yeah. What do you think about the possibility of publishing videos and/or creating a video platform based on the project? Personally, this update is very impressive to me. It seems to me that users have been waiting for this for a long time.

[Wildwest]

I don't think this is something we just heard because he can always have an influence on the coins he wants to hold, as happened to dogekoin but finally the memekoin can't move to reach the highest number anymore, then Elon musk only made a momentary impact and this is like a plan by the team that issued the project, To invest long-term I think is very risky.

[KennyR]

He have turned out to be a cryptocurrency market influencer. This happened once after the Shiba Inu market pumping. People will be always prepared to make some money out of the investment. Here Floki is created by someone realising the market push of Shiba. Though Musk created it accidentally, today Floki have gained good volume. If this has been created with some other name it could've never reached this position.

Nowadays creation of such coins have turned to be a common one. All that requires is a incident to back the creation and the developer to make regular update. The latest of this kind being the Will Smith Inu, which is created out of the Oscar incident.

[Naficopa]

We must not become paranoid. Is it because someone uses the words of Elon Musk to create meaningless meme coins, he can not say anything. We should just think carefully before buying a meme coin like Floki as it is very likely that its price will go down as quickly as it has risen.

[Sethrey]

We must not become paranoid. Is it because someone uses the words of Elon Musk to create meaningless meme coins, he can not say anything. We should just think carefully before buying a meme coin like Floki as it is very likely that its price will go down as quickly as it has risen.

All the coins work like that - they rise and fall all the time. Even Bitcoin is the same. It's better to think about the perspectives of the certain coin. I think that privacy coins are on top now. That's why I mine Crypton CRP now. It also has own no KYC decentralized exchange https://crp.is/ providing full anonymity to users.

[Starkick]

We must not become paranoid. Is it because someone uses the words of Elon Musk to create meaningless meme coins, he can not say anything. We should just think carefully before buying a meme coin like Floki as it is very likely that its price will go down as quickly as it has risen.

All the coins work like that - they rise and fall all the time. Even Bitcoin is the same. It's better to think about the perspectives of the certain coin. I think that privacy coins are on top now. That's why I mine Crypton CRP now. It also has own no KYC decentralized exchange https://crp.is/ providing full anonymity to users.

I also saw the news about the latest updates. Did you know that the latest Crypton 2.0 update has improved the mining process? And another update allows you to delegate cryptons to other users without losing control over them. I think it's very convenient

[bitcrystal]

I believe musk dosent have any connection with those projects you listed. Anytime he mentions  names of any animal, lots of people will swing to action and create this token and start shining it under different tweets. Everyone knows how powerful Elon tweet is so they are just trying to profit from it.

[Sethrey]

I also saw the news about the latest updates. Did you know that the latest Crypton 2.0 update has improved the mining process? And another update allows you to delegate cryptons to other users without losing control over them. I think it's very convenient

It will certainly help those people, who don't want to invest a starting mining capital. They can just borrow money from any user and give it back after they will mine their own coins. Sounds really great. Btw, have you mentioned that Crypton rate started to grow after its improvement to Crypton 2.0?

[bakasabo]

It is funny, that Elon Musk havent mentioned cryptocurrency in his tweets during last 1.5 months, and this topic is still alive. I think Elon Musk never had plans to create any cryptocurrency at all. He understands that it will took him a lot of money to spend on promotion, if he wants his crypto to achieve same level of success or popularity as SpaceX, Tesla and Neurolink. He also understands how shaky this investment will be, as cryptocurrency develops so fast and trends change so quickly, that his huge investment might turn into unprofitable short-term investment.

[Starkick]

I also saw the news about the latest updates. Did you know that the latest Crypton 2.0 update has improved the mining process? And another update allows you to delegate cryptons to other users without losing control over them. I think it's very convenient

It will certainly help those people, who don't want to invest a starting mining capital. They can just borrow money from any user and give it back after they will mine their own coins. Sounds really great. Btw, have you mentioned that Crypton rate started to grow after its improvement to Crypton 2.0?

No, I wasn't following him at that time. I've checked it now and it really is. The coin started growing again after the last update and it shows that it really made sense =)