Maricoin is the cryptocurrency for and by the LGTBIQ+ collective, a currency that embodies the value and struggle of the collective. A social, ethical, transparent and transversal means of payment.

It is a token that initially runs on the Algorand blockchain which, as previously mentioned, was born with two missions:

1. Referenced asset for all those businesses and people who sympathize with the LGTBIQ+ cause and want to contribute to the fight for its claims.

2. Source of financing for initiatives and projects of associations and groups around the world.

MariCoin was one of 10 projects selected by the Algorand Miami Accelerator in 2021-22. The Algorand Foundation aims to encourage and drive the development of projects to build, grow and nurture financial innovations throughout the Algorand ecosystem.

In addition to Algorand, as a native blockchain for Maricoin, and with additional scalability in mind, the project is cross-chaining to also run on Ethereum's L2 (Layer 2) blockchain, Polygon.

The discrimination suffered by people due to their sexual orientation or gender identity manifests itself as the unjustified distinction, exclusion, restriction or preference that has as its object or result, to annul or impair the recognition, enjoyment or exercise, in conditions of equality, of their rights and freedoms.

This impairment is deeply rooted and has been fueled throughout history by prejudices, social and cultural stereotypes and by distorted or imprecise information, to which is added the existence of sociological doctrines or areas such as medicine, law or policies that have originated or justified said discrimination.

Unfortunately, this discrimination has not ended, and millions of people around the world are still insulted, mistreated, assaulted, tortured, arrested, imprisoned and even killed because of their sexual condition. And there are millions of people who, by freely showing how they feel, are deprived of some of the most basic fundamental rights, such as the right of assembly, expression, information or the basic right to access a decent job.

The latter has generated unequal access for members of the LGTBIQ+ community to the economic and financial system, generating, once again, an imbalance. Therefore, it is not surprising that, according to an article by 'Insider', 59% of the LGTBIQ+ community does not feel represented by traditional financial institutions and 39% mistrust banks and institutions.

In this sense, we believe that cryptocurrencies, given their decentralized and transparent nature, are a magnificent vehicle to become a means of payment accepted by the LGTBIQ+ community. And the data supports us: according to a study published by 'USA Today' in 2021, people belonging to the LGTBIQ+ community are twice as likely to use cryptocurrencies.

That is why Maricoin (MCOIN) was born, a Social, Ethical, Transparent and Transversal currency (SETT) with an international vocation, which pursues a double objective:

• Become the means of payment (real, useful and used) of the LGTBIQ+ community.

• Contribute financially to value the work that associations and organizations around the world have been doing.

In short, we want to generate a non-speculative means of payment, but a widely used one that allows, through the actual use of the token and the redistribution of the economic wealth generated by its use, to support the work of the collective associations. In addition, and also thanks to the use of the currency in establishments and businesses around the world, we want to value those businessmen who advocate the basic principles of equality and non-discrimination, whether or not they belong to the group.

Not, a community in search of coin

Unlike other cryptocurrencies, Maricoin is not a coin that is looking for a community, rather it is the community itself that clamors for a coin, and it has found it in Maricoin.

There is enormous potential in the so-called ”Pink Economy”. In developed countries, the lesbian, gay, transgender, bisexual and intersex community is demonstrating, in addition to a high purchasing power, as well as consumption patterns related to the initiatives that arise in favor of the collective. In this way, it is estimated that between 7 and 8% of the world population identifies with the acronym LGTBIQ+ and that practically between 39 and 42% declare themselves sympathetic to the demands of the community.

'LGBT Capital' calculates that the global purchasing power of this segment of consumers (LGBT GDP) is about 3.9 trillion dollars a year (measured as nominal GDP), out of an LGTBIQ+ population over 15 years of about 371 million of people all over the world. A more comprehensive list of LGBT GDP and population estimates (by selected countries and regions and globally) can be viewed and downloaded by clicking here.

With the irruption of Blockchain technology, cryptocurrencies and similar initiatives have appeared over time, however, a large part of them have been developed with their backs to the community itself. Many others had a mere speculative nature in such a way that they tried to take advantage precisely of the solidarity “insights” of the community, but without reverting tangibly to it.

The associations do not have to buy currency, they only have to sign the Maricoin Manifesto and communicate the existence of the cryptocurrency among their associates. In addition to a welcome bonus of 10,000 Maricoin, each association will receive for free the same amount of coins that its associates buy.

To avoid the devaluation of the currency assets managed by the associations, the coins distributed to the associations of the collective will remain in 'staking' (passive management of cryptocurrency via blocked deposit), a system that allows the owners of the coins to obtain rewards, being able to make use of the interests (of a minimum of 6%). In this way, Maricoin aspires to contribute to the financial independence of the associative fabric of the LGTBIQ+ community.

In addition, 2% of the tokens convertible to FIAT money are reserved, which will be available to the associations of the collective for specific situations and projects, of special need or urgency, that require immediate liquidity to finance themselves.

The national and international federal structure with which the associations of the collective have been endowed will allow, first, to prove their nature and purposes, and secondly, to generate a scaled value by endowing Maricoin to the national associations with 10% of everything they generate the local associations that federate, and the international ones with 10% of everything generated by the national ones.

Said projects will be proposed and chosen by the community itself, through a transparent and secure voting system, and published by Maricoin in its dissemination channels.

To promote aid in a standardized way and help the better execution of these projects, Maricoin will launch an International Accelerator for collective support projects in the second half of 2023, with the support of one of its main partners, the company builder Rokk3r in the United States, and from the associations that are members of its ecosystem.

At the beginning of the project we did a research on what blockchain platforms and technologies we could build our project.

We decided to use Algorand for the following reasons :

• Open Source Blockchain: Open source blockchain technology is revolutionizing industries worldwide. By leveraging transparency, security, and decentralization, it has paved the way for new possibilities in finance, supply chain management, healthcare, and more. The collaborative nature of open source development allows for continuous innovation and the collective improvement of blockchain solutions. Together, we can unlock the full potential of this transformative technology and shape a decentralized future.

• High capacity: Notably, Algorand blockchain technologies can handle more than 500,000 transactions per day, which is higher compared to other alternatives like Cardano's blockchain, which handles around 150,000 transactions per day.

• Costs: We believe that it is one of the fastest and most cost efficient platforms currently, so Maricoin would run fast on this network.

• Permissions: Algorand is designed using a permissionless blockchain protocol that can finalize transactions instantly without any uncertainty.

• Origins: Algorand was founded by Silvio Micali, a professor of computer science at the Massachusetts Institute of Technology. Silvio received the 2012 Turing Award for his innovative contributions in cryptography, blockchain and cryptocurrency protocols, and electronic money, making him a leading mind in the cryptocurrency and blockchain industry.

• Consensus Multi-Signature Pixel: The Pixel is a peer-based multi-signature consensus protocol designed to secure signatures on blockchains. You can reduce bandwidth consumption, storage usage, and also the processing power needed by the nodes. Making ALGORAND the most energy efficient blockchain.

• Pixel signatures: Are forward-safe, so new keys cannot be generated for use in old blocks.

• Vault: Vault is a security mechanism in the blockchain ecosystem that prevents instant withdrawal of cryptocurrency.

Vault on Algorand reduces storage usage and costs for participants. Thus, users do not have to download, store, and verify large volumes of data before participating in consensus protocols.

• Immediate transaction purpose: The Algorand blockchain only verifies the block with the required threshold of signatures; therefore, all transactions on the Algorand blockchain are final (final).

• Self-Selection: Algorand does not have dedicated nodes or users to determine the next block, instead participants are continually secretly and randomly selected to participate in Algorand's consensus protocol. Therefore, each block in the Algorand blockchain reveals the next set of participants, making it extremely difficult to predict the participants in the blockchain's confirmation.

• Scalability: Algorand has an efficient Byzantine protocol that can reach consensus on the next block at high speed. Therefore, the Algorand blockchain can support billions of users. Algorand can sustain a high transaction rate while keeping transaction costs low, since computational power is not lost in solving cryptographic puzzles.

Polygon

The Polygon blockchain, formerly known as the Matic Network, is a second layer network built on top of Ethereum, provides scalability and low fees for decentralized applications (dApps). By using parallel processing techniques, Polygon allows the execution of thousands of transactions per second, making it suitable for technology projects that require high performance and scalability. Furthermore, being built on top of Ethereum, Polygon also inherits its security and stability.

The Polygon blockchain is suitable for a variety of technological services that Maricoin will offer, some of which are:

• Decentralized Finance (DeFi) Applications: Polygon is a suitable platform for DeFi projects that require scalability and low fees, such as Maricoin.

• Decentralized Exchanges (DEX): Polygon is a suitable platform for DEX projects that require high performance and scalability, also an objective of our project.

• Decentralized Identity Applications: Polygon is a suitable platform for decentralized identity projects that require fast transactions and low fees, where in the future, we will have things to say.

• Decentralized Security Applications: Polygon is a suitable platform for decentralized security projects that require fast transactions and low fees, so security for Maricoin is vital.

• Decentralized Voting Applications: Polygon is a suitable platform for decentralized voting projects that require fast transactions and low fees. When Maricoin becomes a DAO in the future, it will therefore require a fast, reliable, secure application as offered through Polygon.

• High Scalability: Polygon uses parallel processing techniques to enable thousands of transactions per second to be executed, making it suitable for technology projects that require high performance and scalability.

• Low Fees: Being built on top of Ethereum, Polygon allows for cheaper and more efficient transactions, which is beneficial for decentralized finance (DeFi) projects and other projects that require frequent transactions.

Other points to highlight

• Growing Community: Polygon has a growing and active community, allowing for greater collaboration and support for projects built on its platform.

• Interoperability: Polygon has an interoperability with Ethereum, allowing greater flexibility in the projects and services that can be developed on the platform.

The all-time high of MCOIN was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Maricoin (MCOIN) is 0. The current price of MCOIN is down 0% from its all-time high.

As of , there is currently 0 MCOIN in circulation. MCOIN has a maximum supply of 0.

The current market cap of MCOIN is 0. It is calculated by multiplying the current supply of MCOIN by its real-time market price of 0.002343836396.

The all-time low of MCOIN was 0 , from which the coin is now up 0%. The all-time low price of Maricoin (MCOIN) is 0. The current price of MCOIN is up 0% from its all-time low.

Maricoin (MCOIN) has a market capitalization of $0 and is ranked #10081 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Maricoin (MCOIN) price trends and patterns to find the best time to purchase MCOIN.