As many know, in 2017 President Maduro announced the creation of the cryptocurrency called PETRO.
But now I have heard about the launch of a new cryptocurrency called "Bolivarcoin" (BOLI).
When I find out about the existence of any new token or cryptocurrency, I always look for it in Coingecko.
That is, for me, if it does not appear in coingecko, then it does not exist.
I had a big surprise when I found it listed:
Source
So I had to do a little more research ...
The first aspect that caught my attention was the domain of the website: "https://bolivarcoin.ml/", this refers to MALI, a country in Africa. However, the ml domain has become very popular in recent times, as it is one of the domains that you can get for free.
So why would a project that launches a cryptocurrency and that would supposedly be backed by the BCV create a website with a free domain?
BCV enables a Node to host a blockchain.
No related announcements have been received from the BCV about the financing of the creation of this cryptocurrency, but according to a Twitter user who conducted an investigation, evidence can be obtained that shows the participation of the financial entity.
To start, he looked up the IP address of the node (200.35.132.80) at ip-tracker.org, where he discovered that both the organization and the AP (Access Point) number associated with the node were registered with the Central Bank of Venezuela .
Source Twitter
Bolivarcoin is one of the smallest cryptocurrencies in circulation, with a market capitalization of $ 194,083. Similarly, it still has almost no trading volume yet, with a BOLI trading index worth $ 71 in the past 24 hours. Those small volumes mean that BOLI is not listed on any major exchange platform.
The following are the Exchanges where Bolivarcoins can be traded:
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I had never heard of them before. And you?
More Inf. & resources:
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Disclaimer:
I am not a financial advisor nor am I an expert in marketing, but please "Never Buy this Cryptocurrency."
@juanmolina
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hello, interesting story, small market cap even for one cent coin. you planning to invest?
I used that exchange long ago to buy small projects
Hello, dear friend.
Nice to see you around here.
For real, I haven't thought about investing.
The origins of that currency make me mistrust.
I always check the prices of cryptocurrencies in coingecko, I also use their portfolio service.
There is a currency that is the only one that has interested me in investing since its project is extremely interesting and is growing at an impressive rate.
I mean Quant and its currency the QNT.
Regards.