The Theresa May Cryptocoin Is Officialy Dead

Photo by Policy Exchange via Flickr

The future of bitcoin may be considered uncertain, however, the fate of the eponymous cryptocurrency of the British Prime Minister is now known.

Deadcoins has officially listed the Theresa May coin as deceased. It comes after the parody token fell to an almost minuscule value of $0.0005 per coin on Coinmarketcap during the previous week.

The coin was first created last year. The Theresa May coin was able to surpass a market cap of $400,000 during its heyday. It was powered by a trending topic that originated from Twitter and investors rushed to grab a piece of this piece of history even though it had no clear use case.

According to the official Theresamaycoin website: “Theresamaycoin is the Internet of Money uses P2P technology to operate with no central authority or banks; managing transactions and the issuing of Theresamaycoin is carried out collectively by the network. Theresamaycoin is open-source; its design is public, nobody owns or controls Theresamaycoin and everyone can take part. Through many of its unique properties, Theresamaycoin allows exciting uses that could not be covered by any previous payment system.”

TrumpCoin is also going near a similar fate. It is now holding a value of only four cents per coin on Thursday morning. People now wonder how long it will be before we may see the name of the President of the United States of America appearing alongside that of May’s on Deadcoins, in what could possibly be a sign of the things to come in the relations between the United Kingdom and the United States.

The coin of Vladimir Putin, the President of Russia, was once considered the highest of in the pack of world leader cryptocurrencies. It now sits at a value of less than a penny per PutinCoin.

Downing Street has not yet issued a statement regarding the death of the beloved currency of Thresa May.