It must be April Fool's Day because a fictional token has replaced Bitcoin as the number one crypto asset. Those who visit CoinMarketCap today will see the joke coin taking pride of place at the top, which is already up 1,123 percent. If you look closely, the graph showing the percentage rise even looks like bum cheeks.
Yet, for those keen on getting on board, you're out of luck as it's already out of stock. According to its wipe paper, the TPT uses "smut contracts" to maintain a track of the total number of rolls that users have purchased. It goes on to say:
With TPT, users can purchase toilet paper online to avoid increased exposure to ‘Rona and take advantage of the Ply Count algorithm that calculates how much toilet paper each household is entitled to receive.
By holding TPT, wiper integrity is ensured as a fair distribution of toilet paper worldwide is guaranteed. With low stocks, the team behind TPT are planning an "airplop" but if that fails there will also be an Initial Scattering Offering. The idea behind the TPT has no doubt been created out of the COVID-19 pandemic, which saw millions of people worldwide stockpiling toilet paper. Economist Nouriel Roubini may have also given inspiration to the TPT token. Last month, he posted a video on Twitter, that had been featured first on TikTok, of a man paying for his coffee with toilet paper. At the time, Roubini said:
Soon most folks will run out of income/savings and their credit lines too. So to survive they need to resort to some other means of payment that liquifies some existing useful asset folks already hold. That is where TP comes handy.
Joke it may be but it does highlight the reality we are living through at the moment and shows how much people value their toilet paper in times of crisis.
