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Author: Admin | 2025-04-28
Going through intermediaries. Run by an anonymous team mostly based in Vietnam, Incognito styles itself as privacy-conscious, open source, and decentralized.Incognito also lets users mint their own cryptocurrencies, Broeksmit says. One just has to pick a name and ticker symbol and provide information about the purpose of the coin in order to launch it as an asset tradable within Incognito’s ecosystem. Incognito suggests that businesses can create these coins to drum up publicity or dole out promotional rewards to customers. Normally, these coins appear to have a value of zero dollars, as no one is seeking to trade them for pricey mainstream cryptocurrency on Incognito’s exchange. But Broeksmit says he thought he could create new coins and then manipulate the market to make them valuable—in his view, a version of the true ethos of cryptocurrency. “Every time you read someone with a philosophy about a coin, it’s bullshit,” he says. “It’s like you’re saving the world or your token means something, but it’s just to make money.” So he set out to follow, wide-eyed, in the footsteps of many in crypto before him who had bragged that their wit had made them a fortune.So Broeksmit minted a series of coins inside Incognito. One is called parsec—a unit of astronomical distance infamously misused in Star Wars—and another BRA, after his band. A third is called “drone algo red 41 coin.” Then, he says, he set out to increase the value of his coins by trading them back and forth, creating “liquidity
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