I made the "HORScoin" NFT in September of last year.
There was a write-up at http://br549.mywebcommunity.org/horse. Don't bother clicking, it's not there anymore. The free web host provider decided that me paying zero for a free host wasn't enough, so one day the account was erased out of the blue. You just can't get good things for free these days!
So, I'll try to relay here, what formerly had been there.
Background
I made HORScoin as a bit of a joke. I'd made an advertisement NFT for another project and offered to give them away. It was just like those hand-out pamphlets that people shove in your hand on the sidewalk as you pass by...the one's that 90% of people immediately throw down as litter. Someone on Telegram wanted one of the NFTs, so I wrote something like, "I'll give you one, leave your address here." Immediately, the Telegram channel went nutso...
address 1
address 2
address 3
add 4
5
6
...
..
.
It got to the point where no one knew what they were asking to be given. They even wrote things like, "What are we getting?" or "What's the giveaway?" Didn't matter.
Someone was giving away something and, by golly, they wanted their free something!
Wow! I thought. Now I've got to mint and give about 50 of these digital flyers in the form of NFTs. I did.
By the way, you can see a bunch of HORScoins here: https://wax.atomichub.io/explorer/template/monkeyaround/14262
They're fun to watch because they spin.
HORS is born
That fiasco got me to thinking. Maybe it's the novelty and newness of NFTs, but people were stumbling over themselves to get a nothing. Made me wonder if I were giving away pieces of horse manure, would they line up for that too?
In my original write-up on the now-defunct site, I included something about how HORScoin was short for Horse Apple Coin. "Horse apple," if you don't know, is polite speech for "horse s---." I set out to test a question...if I were giving away horse s apples, would people line up to get some?
Then, it occurred to me that I had a flaw in the logic. Horse manure is actually not worthless. Any farmer knows the value of manure as a fertilizer. So, even the manure comparison is not entirely valid. Anyhoo, I plodded on.
HORS economics
Something even more worthless than horse manure was needed for HORScoin. I set the economics of the HORScoin:
- There's an infinite quantity.
- It is backed by nothing.
- It is minted at whim.
Sounds like everyone's favorite fiat currency. Am I right?
Value?
So far, I've given away a couple hundred HORScoins. The odd thing is that HORScoin has actually sold a bit on the open market at AtomicHub.io To date, there have been 16 sales. You can see sales here: https://wax.atomichub.io/explorer/template/monkeyaround/14262
The total sales of HORScoin to date have been 17.7 WAX, if I can add correctly.
At the time I'm writing this, that's $1.06 USD in sales.
If you want to check the current value, go to http://satoshibitcoinconverter.com/more/wax.html and type in 17.7 WAX and it'll give you the USD value (or any other currency).
Let's do some Econ 101 math.
What's the value of something? It's whatever someone will pay for it.
Currently, there have been 245 HORScoins minted.
245 divided by $1.06 equals is $0.0043265
So, using the value-is-what-someone will pay for it theory, each HORScoin is worth $0.0043265 (in other words, 4 tenths of a penny).
These data are not whopping, but for a joke NFT "coin" that started admittedly as worthless, I somehow find sardonic humor here.
Want a HORS?
I still give away HORS coins. Hey, infinite supply!
If you want one, go to https://nefties.com/pages/free.html and I'll be sure to get one to you.
You can also check out my latest endeavor, Let's Do This! Coin (LDTC), blog post at @crrdlx/let-s-do-this-coin-ldtc
:)
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