Garlicoin – Memes, games, and more
Ethereum taught us that a cryptocurrency that can actually be used for something has a high success rate. Live since 2018, Garlicoin has rolled out Discord and Reddit tipbots, delicious memes, a payment service, a free faucet, and many more tools for its user base and ecosystem. So what's GRLC all about?
After Ethereum introduced us to the power of utility, Dogecoin showed us that a cryptocurrency could be fun and friendly – and that the more entertaining a cryptocurrency is, the higher the success rate it has. So, Garlicoin is spicing up the game with some garlic bread, some awesome memes, and games everybody can love and appreciate.
Garlicoin started with a meme
Just as Dogecoin built its brand around the doge meme, Garlicoin (GRLC) built its brand around garlic bread. But why build a garlic bread cryptocurrency? The answer is obvious: because of the divine taste it has.
Jokes aside, a few years ago, the garlic bread meme went viral. At the end of 2017, when Bitcoin and the whole cryptocurrency market drew attention because of their growth, Reddit user DigitalizedOrange proposed to build a garlic bread-based cryptocurrency.
He published a post titled: "If this post gets 30,000 upvotes, I will make a garlic bread cryptocurrency called Garlicoin," And in no time, he gained the upvotes and the support to go forward with the project. By January 2018, Garlicoin was live.
How Garlicoin works
In order to build Garlicoin, the team behind the project created a fork of Litecoin and adjusted it to their needs. Upon that fork, they built a proof-of-work blockchain that allows miners to use commodity hardware GPU and CPU mining but prevents ASIC devices from joining the network.
Garlicoin’s code also integrates Dash’s DWG difficulty adjustment mechanism and is able to provide a block time of only 40 seconds.
The cryptocurrency is hard-capped at 69,000,000 GRLC to create scarcity in the market. Furthermore, as miners release the coins as mining rewards, the rewards are halved every 690,000 blocks to avoid flooding the market.
Where to find GRLC
The biggest impediment a cryptocurrency’s growth can have is access to markets and exchanges. Therefore, the project team, as well as volunteers from within the community, worked overtime to list GRLC on more exchanges.
Now, Garlicoin can be traded on:
- Txbit.io;
- Pancakeswap;
- Tradeogre;
- Crex24;
- FreiExchange.
And as we speak, members of the community are still working on crowdfunding in order to access more cryptocurrency exchanges.
Garlicoin and games
The Garlicoin team and community did not work only to roll out the tastiest memes and get listed on exchanges. They also came up with Discord and Reddit tipbots, a payment service, a free faucet, and many more tools for GRLC users.
Furthermore, the ecosystem is now linked to Garlic, the retro game which is listed on Steam. Garlicoin fans can have fun with the game and participate in the monthly challenges to win up to 100 dollars.
The plan is that in 2022, Garlicoin will get more involved with the gaming community by releasing a game that integrates GRLC and participating in competitions.
And with that dynamic, the Garlicoin community will grow faster, which can trigger the price of GRLC to go parabolic anytime soon. At the moment, the Reddit community hosts over 101K members.
Editorial Note: This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
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