Lungtoo, A PM Prayut-themed Thai meme crypto, debuts

For these seeking to get into the cryptocurrency craze in the shadiest means possible whereas additionally offending the Thai authorities, the proper choice now exists. Say hello to Lungtoo, the latest meme crypto be making its method by way of the Thai blockchain neighborhood. The identify is pronounced just like the Thai translation of Uncle Tuu, the affectionate nickname given to PM Prayut Chan-o-cha by his supporters. The cryptocurrency was launched on Monday, maybe as a response to Elon Musk’s Saturday Night Live look throughout which Dogecoin, the crypto he has supported, plummeted.
The website for Lungtoo options paintings from anonymous political cartoonist Kai Maew who claimed he had no involvement and had not given permission for his art for use. The web site is targeting Thai youth which have been protesting Thailand’s current government and the digital foreign money claims to be donating profits to Siriraj and Phramongkutklao hospitals. Cheap was created utterly anonymously and the web site was offline at present.
Much of the cryptocurrency and its web site seems to have used the Binance Smart Chain service the launch a knockoff of one other cryptocurrency, Dogemoon. The web site and all associated information and press releases seem to be cobbled collectively from Dogemoon’s web site and other crypto sources. The Lungtoo website was registered anonymously nevertheless it was confirmed to be set up in Victoria, Australia.
939 crypto traders had bought the original Lungtoo coins before a red-flag-raising back-end change modified the contract account where the coins originated. 40 individuals have purchased the new coins and the crypto creators introduced later that people may change old cash for new cash. They claimed the accounts have been switched as a end result of their original didn’t meet the regulations for some crypto trade platforms..

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