Beercoin is a beer cryptocurrency created in Brazil. It represents the inclusion of the beer world in the blockchain and works as a payment method for community members, with the right to cashback!
The token unites two different worlds, in a very homogeneous way. On one side, there is the decentralized environment of cryptocurrencies, for the sale and purchase of digital assets. On the other, traditional retail purchases, which offer advantages such as receiving part of the money back.
Reality show in Brazil
The cryptocurrency runs on the Solana blockchain. Holders can pay for happy hour bills at partner bars and restaurants, using the coin and receiving 10% cashback. This stimulates the movement of the crypto.
In the future, the developers of the currency want to expand the products that can be paid for with it to include other items and even related services.
Beercoin started as a startup. It attracted attention on the reality show Rocket, on Rede Globo, in 2021, in the Paraná state edition, winning the competition. The idea of the program was to bring together entrepreneurs who developed innovative solutions using technology.
Popularity of memecoins
Although it has a whole mechanic behind it, serving as a currency, Beercoin is a memecoin. In general, it does not have its own blockchain.
The community is engaged and always posts about the topic that inspired the creation of the token. Among the most famous memecoins are: DOGE, SHIB, PEPE, WIF and MEW.
Unlike the best-known meme coins represented by animals, Beercoin is the first Brazilian cryptocurrency, based on an alcoholic beverage.
Memecoin booster
Solana has its own atmosphere for the creation of meme coins for a few reasons. It has low transaction fees and fast negotiations, unlike other chains, such as Bitcoin and Ethereum. This allows the creation of memecoins in large quantities.
The Pump.fun application, which runs on the network, has a user-friendly interface and charges a very low price for the creation of this type of token. It goes through a maturation period before being traded on CEXs (centralized exchanges).
Over time, memecoins can be traded on DEXs (decentralized exchanges), which further boosts sales. They expand the trading segment beyond the creator community, and can become a success outside of it.
Brewconomics
Beer is made through the fermentation ("brew", in English) of various cereals, such as wheat, malt and hops. To describe the economic atmosphere of BEER token, the developers created the term "brewconomics", making a pun on the already known "tokenomics".
The total supply of Beercoin will be 888,888,888,888. Only 1% of it was made available via airdrop. Early enthusiasts received 11%; treasury and marketing, 22%; liquidity, 33%; coin pre-sale, 33%.
Like other cryptocurrencies, Beercoin is traded on centralized and decentralized exchanges, allowing staking. On the coin's official platform, the user connects the digital wallet. To generate 5% yield, staking must respect the minimum period of 1 year.
Learn more about cryptocurrencies
Beercoin combines the relaxation of happy hour with the world of cryptocurrencies. The idea is innovative because it makes the digital asset known to more people. To stay up to date with this and other coins, continue browsing the NovaDAX website.
