If you took a look at Reddit (https://www.reddit.com/r/garlicoin/) you will notice something called Garlic Coin trending really well. Yes, garlic as in garlic bread or your breath tastes like… The funny thing is that the whole viral project began as a joke. Over Christmas, Reddit user DigitalOrange posted that he would make a Garlic Bread cryptocurrency called GarliCoin if the thread obtained 30k up votes. In less than 22 hours, the post is at 30500 up votes, and the planning is underway for the coin.
Current plans include basing the coin off of Ethereum, with a max number of coins at 69 million. Pre-release artwork includes a few samples of the coin and logo, each based off a clove of garlic. There are several petitions for naming different aspects of the coin, including the wallet (loaves), the transaction fees (crumbs), a block (clove), and mining (mincing).
Garlic Coin’s spartanly written website says Garlicoin was formed on a few simple fundamentals, cheap and fast transactions, low barrier to entry and total focus on the community. Their 40 second block times allow for blazingly fast confirmations.
This is how you do an ICO, you give it a meaningless name, you base it on a viral reaction, and you share little or no information.
Another interesting coin out there is the Banana coin The brain fart child of investor and agro-industrial entrepreneur Oleg Dobrovolsky is way more simple than garlic coin and it has a much stronger connection to the commodity it is named after. The idea is to do the first environmentally friendly banana plantation in Laos. To that end Oleg has released a utility token based on Ethereum, pegged to the export price of 1 kg of bananas.
Forget Bitcoin, get some garlic and bananas!