Make bank with dank memes.

Crytpocurrency is medium of exchange similar to traditional currencies like USD and GBP, but designed for the purpose of exchanging digital information. When the word got out that the Goatse website, which once hosted a somewhat visually disturbing meme in the early days of the Internet, was launching its own cryptocurrency, the reaction was overall confusion. Why would a meme site need its own general currency?

It appears to be legitimate news. The website has been completely redesigned and now includes a countdown timer to an ICO, or Initial Coin Offering, commemorating the launch of the digital token on the Ethereum platform.

According to the website, the token is called "Goatse," and will be open to investors interested in purchasing on Thursday, November 2. During the ICO, prospective investors use Ethereum's currency, called ether, to generate a smart contract that converts the ether into Goatse tokens.

The purpose of the Goatse cryptocurrency is to construct a monetary incentive in the creation of dank memes, which is viral Internet content that has lost its comedic value or impact due to overuse and saturation (not to be confused with "dank," of the agriculture variety).

Goatse tokens will be earned as follows:

  1. Users post a meme to the Goatse website.
  2. The meme is assigned a unique ID.
  3. Users then vote on the meme they like most using Goatse tokens they've purchased.
  4. The creator of the winning meme earns a payout in the form of Goatse tokens.
  5. Voters also receive a payout in the form of a Goatse token lottery.

If dank memes are your thing, be sure to set your calendar for November 2. However, it is worth noting that Initial Coin Offerings can be very risky investments, especially since they are susceptible to simple hacks that can fleece eager investors of their funds. Proceed at your own discretion.

What are your dank plans? Let us know if you think you will get in on the action.