are christmas coins really a thing?

Are Christmas coins really a thing?

The Christmas crypto coins that we investigated were either short lived or have a concerningly simple business model.

Yes, Christmas cryptocurrencies are definitely real. With crypto coins growing in popularity, it was inevitable that we would eventually see Christmas coins as well. Popular internet memes and trends are being turned into cryptocurrencies, tokens, NFTs and what not. So why wouldn’t Christmas follow. 

What is a Christmas Coin?

A Christmas crypto coin is basically any coin whose main association is with Christmas. These coins brand themselves with Santa Claus, presents and similar. We made a small list below.

Here are some examples of Christmas Coins

We searched the internet and here is a list of the Christmas coins we found worth mentioning. We have tried to rank them, so that the most “trustworthy” appears first in the list.

Santacoin (SANTA)

Santacoin is a meme-coin initiated in October 2021. Unlike many other meme coins, it is created with a functional purpose. The overall idea is to support a self-developed game called Santa F1 Racing. As a player you can earn Santacoins from playing. The game is not yet developed but it promises that all assets can be fully owned as NFTs and similar, that lets players trade with each other and more. As an investor you just need to hold SANTA. You will receive rewards in Binance US Dollars (BUSD) whenever SANTA transactions are processed. You can read more on their official website: https://santacoin.io/

Christmas Elf (CELF)

Christmas Elf is a meme-coin initiated in November 2021. It was designed only a month after Santacoin, and it is no coincidence. The idea of Christmas Elf is inspired by SANTA, and it works along the same line. As an investor you simply need to hold CELF. Whenever a transaction takes place, you receive a cut of the transaction fee paid out as BUSD.  The team behind Christmas Elf has not yet announced any real-life use cases of CELF. For now, it is purely an investment opportunity. You can read more on their official website: https://www.christmaselftoken.com/

Santaelon (HOHOHO)

Santaelon is a meme-coin initiated in November 2021. It works the exact same way as SANTA and CELF. In their roadmap they do promise a game as well, like SANTA. However, the game is a small element in their plans that mainly consists of branding and marketing initiatives. Unlike SANTA and CELF you receive Binance Coin (BNB) instead of Binance USD (BUSD) from holding HOHOHO. The difference is that BNB is Binance’s exchange platform token, while BUSD is a stable coin. You can read more about HOHOHO on their official website: https://www.hohohobsc.com/

Christmas coin (CHMC)

Christmas coin was a meme-coin initiated in November 2018. Their goal was to fund money that could be used for Christmas presents. The plan was to focus on the children living in the warzone of Eastern Ukraine. Meanwhile they would reward investors through a Proof of Stake consensus protocol. Much like the other coins investors would receive passive income. Except for their Twitter account, the project seems to have been dead for years. You can read more about it here: https://bitcointalk.org/index.php?topic=5073388.0

Xmas Token (XMAS)

Xmas Token was a meme-coin initiated in October 2017. It was a token that started as an ICO listed on EtherDelta. Today the crypto coin does not exist any longer and their official domain is for sale. You can read more about Xmas Token here: https://twitter.com/xmastoken

Are Christmas coins a scam?

The Christmas crypto coins that we investigated were either short lived or have a concerningly simple business model. The business model for the coins is that early investors get a reward when transactions are made. Those transactions come from new investors buying in. Furthermore, these coins marked themselves with expectations of rising prices. This also favors the early adopters. From our quick look these coins have many similarities with pyramid schemes.
The only exception is Santacoin (SANTA). In this project there is a product, their game, which could generate income through entertainment. As always, we encourage people to be careful and do their own research.

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