Juggalo Coin

Purpose: Digital currency

Creator: Papa Nutt

Creation Date: April 10, 2014

Website: juggalocoin.org

  • Last website activity : March 10, 2015
  • Offline: March 25, 2015
 
     
     
 

JuggaloCoin is a digital currency (of the Bitcoin vein) aimed at fans of the music group Insane Clown Posse, who are known as Juggalos. The initial distribution of the coins (known as the "Hatchet Drop", consisting of 470,890 coins in 2,170 bundles of 217) is designed to get them into the hands of people proving their status as true Juggalos, and then the use of the coins in a manner that "keeps them in the family" is encouraged. "International Juggalo Day" of February 17 is promoted by the JuggaloCoin community.

Characteristics

  • Algorithm: SHA-256
  • Initial Block Reward: 535 Coins (Halving every 50,000 blocks)
  • Target Block Time: 60 seconds
  • Total Coins: 53,500,000
Hatchet Drop 2,170 bundles of 217 coins each 470,890 coins
Insane Coin Posse 217 shares of 2,170 coins each 470,890 coins
Bounties and Incentives:   217,000 coins
Hatchet Man Coin Sent to a dead address 2,170
    -----------------
    1,160,950 total premine (2.17% of 53,500,000 total coins)

JuggaloCoin (JUG) is different. JuggaloCoin is focused on a specific community of PEOPLE, and offers huge benefits for them. Some of these include:

1. Keeping funds in the family. The most important thing to understand about Juggalo culture is that it is all about Family and helping each other out. By spending Juggalo Coins, Juggalos can be certain that their money is going to someone who is “down with the clown.”

2. Promoting the positive aspects of the Juggalo lifestyle. Juggalos receive a lot of bad press, and our goal is for Juggalo Coin is to present the message that you shouldn’t believe all the hysteria you may read, and that we are a community standing together to help and support our own. This could actually produce some positive news stories about Juggalos for once.

3. Supporting Juggalo charities. There are already Juggalo-specific charities, and we’re hoping that Juggalo Coin will become the preferred way to donate to them. To facilitate this, we are offering an enormous reward to the first two certified Juggalo Charities that sign up to accept Juggalo Coin.

4. Promoting recognition of February 17 as international “Juggalo Day.” The first Juggalo Day was celebrated in 2012, and in a couple of short years it has grown into a huge event featuring special shows by ICP and several days of madness. Of course, we understand that Juggalo Day is probably never going to become an official national holiday. That’s not the goal. The goal is for recognition, in the same way that 4/20 is recognized as a marijuana holiday.

 
     
   

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