Trollcoin

Overview

Trollcoin (TROLL) is a cryptocurrency that was created in 2014 as a memecoin. It operates on its own blockchain using a Proof of Work consensus mechanism.

Purpose and Utility

The stated purpose of Trollcoin was to create a fun, community-driven cryptocurrency for tipping and small transactions within social media and gaming communities. The project focused on creating a light-hearted atmosphere around cryptocurrency transactions.

Current Usage and Development

The project has very limited current development activity and usage. While it maintains basic blockchain functionality allowing for peer-to-peer transfers, its initial social tipping use case never gained significant adoption.

Token Distribution

Trollcoin had a fair launch with no pre-mine, meaning the tokens were distributed through mining rather than being allocated to founders or early investors. This suggests the project was not designed as a scheme to enrich founders.

Business Model and Activities

The cryptocurrency operates as a basic payment and transfer system. It does not involve any lending, interest-bearing products, or activities that would be considered haram. The fundamental operation involves straightforward peer-to-peer transfers of digital assets.