Update: You cannot get Marmotcoin anymore. I have been informed by the Marmot High Council that once MRMT began trading on the new Chia DeXs it was game over for Proof of Marmot issuance. Money ruins all fun.
Its here. You’ve been waiting. I’ve been waiting. Marmot Coin. MRMT. Announced today in the CAT Q&A session hosted by Chia Network Marmot Coin is going to be the Chia meme coin to beat. But, like all good things, there is a catch. Marmot Coin is backed by real life Marmots, and in order to get one you need Proof of Marmot. So how can you do this?
Well, according to Marmot Coin founder Preston Byrne in a Twitter thread this afternoon there are three distinct mechanisms for acquiring this coveted meme coin.
Get a picture of a live Marmot. This is actually pretty tough since they are an endangered, rare animal on Vancouver Island. DO NOT HARASS MARMOTS. This part is important.Donate a toy Marmot (or equivalent toy) to a Children’s charity and provide proof to the esteemed Marmot Coin foundation.Donate $100 or more to the Marmot Recovery Foundation.
I must stress that you should NOT harass Marmots, and you should instead leverage options 2 or 3 and donate to a worthy cause to exchange Proof of Marmot for Marmot Coin. I have reached out to Mr. Byrne to detail out the process of the exchange and will update this article when he clarifies, because right now I think people are just going to tweet stuff at him.
Edit: After discussion with Preston Byrne, I have clarified the Proof of Marmot issuance rules. He informed me that “We follow orders from the Marmot High Council, which sits atop the mountain on the marmot hole planet Marmota Prime.” meaning that issuance rules are governed by a higher power and cannot be detailed at any given time.
Edit 2: If you would like to submit Proof of Marmot Preston is asking you reply to this tweet with your Proof and the Marmot Ambassador will contact you via DM to complete.
Are these specific to Canadian marmots or also ones elsewhere?
Much of the alps has them for example
Tricky to get a photo of though, I have seen loads, but by the time I get to take a photo they are usually gone as they tend to run when the spot a human
Apparently you need a real live marmot not just a photo.
I would like to donate a small part to your noble work
I really appreciate that! If you go to https://thechiaplot.net/about/ there are a ton of options that I just updated. You do not need to, but anything is appreciated.
I donated $100 to the marmot recovery foundation and tweeted Preston 2 days ago but have yet to hear anything. Can you help? https://twitter.com/joeharrison/status/1470563795328245765
Why stop issuance, though? If donating $100 or more could still get you a brand new Marmot coin, there would be no incentive for anyone to buy one on the DEX for > $100, since they can just do the real thing TM and get one issued for themselves.
If someone sells it for a loss (i.e. at a price <$50), they will effectively split the donation cost with someone else. Which is also a good thing.
Cutting off the supply of new Marmot coins will in fact do the exact opposite of what you guys want – obliterate the incentive to donate, and encourage scalping existing $MRMT coins!