Yes, you’ve read that correctly. You can now invest in Pokemon themed cryptocurrency (via GamingBible).
At the moment, only one Pokemon is featured. No, it’s not the iconic Pikachu. Although now we think about it, an eco-friendly electricity source might be better, seeing as the popular cryptocurrency ‘Bitcoin’ consumes ‘more electricity than Argentina’ (via BBC).
It’s none other than the fan-favourite Flying/Fire-type, Charizard!
What is Cryptocurrency?
In a nutshell, the idea of purchasing a cryptocurrency token is that over time its value will increase and the investor will turn a profit. However, as with any investment, nothing is guaranteed. There’s always a risk of losing money.
While it’s likely that the Charizard cryptocurrency wouldn’t be extra enticing for the typical investor, a diehard Pokemon fan might just be tempted. Even just on novelty alone.
The Charizard cryptocurrency token has been brought to life by a team of four passionate fans. James (the CEO), Melissa (developer), Dotcom (developer), and Caesar (community manager).
On the “Meet our Team” page the quartet said: “When we were setting up the Charizard token we never expected it to grow so fast in such a short amount of time. In a matter of hours, our community started growing beyond our wildest imagination. We decided to take things seriously and put in the work.
“We started to love the process, and that’s exactly why we are here to stay. We’re in love with the community and the process. No matter how long it takes, we will keep on working and achieve all our goals.”
…Where can i Get Charizard cryptocurrency?
For potential investors, according to the Charizard Token website, the cryptocurrency is purchasable through Pancakeswap. 38,000,000 tokens will be produced and “Charizard distributes & burns 5% of each transaction.”
The team producing the Charizard cryptocurrency states “2% will get burned by the flames of Charizard”. Furthermore, “3% will be redistributed to all the holders” with “ZERO team tokens!”
While I’m far from a financial expert, I’m not sure what both Nintendo and The Pokemon Company would make of this investment scheme. However, on the Charizard Token website, they attempt to put any copyright concerns at ease.
“Pokémon trademark is owned by The Pokémon Company, Nintendo, Game Freak, and Creatures Co., Ltd. We do not claim to have the rights to the Pokémon names, cards, games, series, or anything tied to the Pokémon name.” states the creators of the Charizard cryptocurrency.
It continues: “Nintendo right now owns ⅓ of Pokemon and does not bother with the crypto and NFT industry. Besides that, there are tons of Pokemon NFTs being sold for 100s of thousands of dollars without any issues. It’s not possible to remove a token or NFT from the smart chain network. Neither is it possible to sue a smart contract.
“Last but not least, there are tons of Pokemon projects out there making a profit, and have been so for years. For example games like Pokemon Revolution, Pokemmo, etc. None of these have ever had copyright issues. It’s safe to say, we’re here to stay!”
What are your thoughts on this Charizard cryptocurrency scheme? Do you think Nintendo will come at the investors with a team of lawyers? Let us know across our social media channels.
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Featured Image Credit: André François McKenzie/Nintendo