Loser Coin: Is It A Smart Investment Choice?

Loser Coin (LOWB) is a self-proclaimed cryptocurrency for losers. It was created by two Chinese men who, after losing a lot of money investing in Bitcoin, decided to create their own cryptocurrency. They have added their entire life savings to the liquidity pool. The coin is based on the BSC (Binance Smart Chain) blockchain and has a maximum supply of 100 billion tokens. As of June 2024, the live price of Loser Coin is $0.000007 per LOWB, with a market cap of $451,714.41. However, one source states that it is a poor choice as an investment due to its unappealing name and lack of distinguishing features.

Loser Coin's value proposition

Loser Coin (LOWB) is a community-driven meme coin with a unique self-deprecating sense of humour. It was created by two Chinese founders who portray themselves as perpetual losers who lost money investing in Bitcoin. The coin's slogan, "Make Loser Great Again", reflects its aim to unite global losers and give them a chance to succeed in the decentralised world of DeFi cryptocurrencies.

The Loser Coin ecosystem includes yield farming, non-fungible tokens (NFTs), and games. The team is working on multiple crypto games, including Loser Land, Peachland Stone Gate, and LowbCraft. Loser Coin also has its own NFT marketplace, Lowb NFT Market, with its first release being Loser Punks 666, a tribute to CryptoPunks.

The coin is based on the BSC (Binance Smart Chain) blockchain, which offers lower transaction fees. It has a maximum supply of 100 billion tokens, with 60 billion currently in circulation. The allocation of tokens includes 40% for LoserSwap yield farming, 30% for community incentives, 10% for liquidity, 10% for marketing, and 10% for development.

Loser Coin's appeal lies in its embrace of the underdog status, which has gained a following, especially in its native China, where retail investors often feel the system is rigged. It offers a refreshing take in the saturated meme coin market, and its popularity has led to features in crypto media like CoinDesk, Decrypt, and Yahoo Finance News.

However, despite its humorous tone and growing community, Loser Coin faces challenges. Its name may drive away potential investors, and it lacks distinguishing features compared to other cryptocurrencies. Its performance has been consistently poor, with a sharp decline in value since its launch.

In conclusion, while Loser Coin has an interesting value proposition and has gained traction through its unique branding, it faces an uphill battle to change its trajectory and become a successful investment.

Founders' background

The founders of Loser Coin are two anonymous Chinese men who portray themselves as perpetual losers. One is a poor father of two children living in a village in rural China, and the other is a coder who works 60 hours a week and still lives a miserable life. They first heard about Bitcoin in 2017 and lost a lot of money investing in it. They decided to create their own cryptocurrency, Loser Coin, which they launched on April 20, 2021, or April 21, 2021, with their entire life savings in the liquidity pool. They have also added their entire life savings into the liquidity pool.

The two founders of Loser Coin wanted to unite all the losers in the world and preach that "sometimes you have to lose to appreciate the taste of victory." They wanted to tell people that it is okay to lose and that life is about getting up again and again. This message resonated with many people, especially in their native China, where retail investors often feel like the system is rigged in favour of large institutions. The founders' honesty and quirkiness, as well as their willingness to share their losses and lack of technical knowledge, helped Loser Coin achieve phenomenal success and draw a lot of attention from the media.

The founders of Loser Coin also wanted to embrace "diaosi," a Chinese subculture of "poor, unattractive" men who live with their mothers and play video games all day. They hoped to mobilise a crypto community of underdogs who often feel marginalised and unlucky. The name "Loser Coin" and the slogan, "Make Loser Great Again," were chosen to reflect this theme.

The founders of Loser Coin remain anonymous, and there is no way to verify that they put their entire life savings into the liquidity pool. However, their story of being perpetual losers who wanted to be rich but kept losing money on investments helped Loser Coin gain a following.

Current market performance

Loser Coin (LOWB) is currently trading at $0.00000696 USD, with a 24-hour trading volume of $2.32K. The cryptocurrency has experienced a decline in value over the past day, week, and month. In the last 24 hours, the price of Loser Coin has decreased by 1.55%, and in the past week, its price has fallen by 6.48%. The current market cap of Loser Coin is $420.71K, and its 24-hour trading volume is $2.32K. The circulating supply of the coin is 60,296,840,158 .156 LOWB, and the maximum supply is 100,000,000,000 LOWB.

Loser Coin's price history shows a steep decline since its launch. It reached an all-time high of $0.0035 on May 11, 2021, and has since lost over 95% of its value. The coin's price chart paints a grim picture for investors, with consistent losses and only minor rebounds.

The poor performance of Loser Coin can be attributed to various factors, including its controversial name, lack of distinguishing features, and broken links on its homepage. The name "Loser Coin" may drive away potential investors, and the cryptocurrency has failed to offer any unique advantages over other projects. Additionally, the founders' identities remain unknown, and there is no way to verify their claim of investing their entire life savings into the liquidity pool.

Despite its poor performance and lack of widespread adoption, Loser Coin has managed to build a community, especially in its native China, where it resonates with retail investors who feel the system is rigged against them. The cryptocurrency's appeal lies in its self-deprecating humour and its message that it's okay to lose. However, this message may not be what investors want to hear when considering adding crypto to their portfolio.

How to buy Loser Coin

Loser Coin (ticker symbol: LOWB) is a cryptocurrency project initiated by two Chinese men, one a father of two from a village and the other a programmer working 60 hours a week. The two founders first heard about Bitcoin in 2017 and lost a lot of money trading cryptocurrencies. They started the project as an open journey, prepared to lose everything.

Loser Coin is a BEP20 crypto token issued on the BNB Chain, a blockchain created by Binance. It has a maximum supply of 100 billion tokens.

Sign up for an Online Brokerage Account

The first step is to sign up for an account with an online broker or cryptocurrency exchange that offers Loser Coin. The most popular place to get it is XT.com. Other places where you can trade for Loser Coin include Gate.io, PancakeSwap, bkex.com, and hoo.com.

Fund Your Account

Once you have created an account, you will need to fund it. The method you use to do this will depend on the exchange you have chosen and your payment preferences. You may be able to fund your account with a bank transfer, credit or debit card, or another cryptocurrency.

Buy Loser Coin

Once your account is funded, you can buy Loser Coin. To do this, search for LOWB in the exchange and enter the amount you want to buy. Be sure to pay attention to the fees and the type of order you place, as these can impact the price you pay.

Store Your Loser Coin

After you have purchased your Loser Coin, you will need to store it in a crypto wallet. There are two types of wallets: hot wallets and cold wallets. Hot wallets are online and more convenient, but less secure. Cold wallets are offline and more secure, but less convenient. Some exchanges offer their own wallets, but it is generally recommended to use a third-party wallet for better security.

Comparison to other cryptocurrencies

Loser Coin (LOWB) is a community-driven meme coin, a type of cryptocurrency that starts from an internet meme or has some other humorous characteristic. Its name and branding are clearly meant to be tongue-in-cheek, and it is marketed as a coin "by losers, for losers". This is a unique approach that sets it apart from other cryptocurrencies, which often emphasise their utility and potential for profit.

The Loser Coin ecosystem includes yield farming, non-fungible tokens (NFTs), and games. Its native token, LOWB, is a decentralised finance yield generator, and holders can mine the token on the LoserSwap platform. LoserSwap is an automated market maker (AMM) and yield farm, where users can stake a few different tokens and earn interest.

In terms of its blockchain, Loser Coin is based on the BSC (Binance Smart Chain) blockchain, which offers lower transaction fees. The platform is also based on other chains such as OEC, Polygon, and ETH. The OEC, or Open Ecosystem Chain, is a collection of open-source blockchain projects that promote large-scale commercial apps based on blockchain technology.

The maximum supply of LOWB coins is 100 billion, with a current circulating supply of around 60 billion. The current market cap of Loser Coin is around $420,000, and the price of one LOWB token is approximately $0.000007. This is a significant decrease from its all-time high of $0.0035.

When compared to other cryptocurrencies, Loser Coin has a much lower market cap and price per token. For example, Bitcoin and Ethereum, two of the most well-known and widely adopted cryptocurrencies, have market caps in the billions and token prices in the thousands or hundreds of dollars.

Additionally, Loser Coin's branding and humour-focused approach may be off-putting to some potential investors. Its name and slogan, "Make Loser Great Again", could be seen as a joke or a turn-off, rather than a serious investment opportunity. This is acknowledged by some financial advisors, who note that its name and branding will likely hurt its chances of widespread adoption.

Overall, while Loser Coin has some unique features and a dedicated community, it may struggle to compete with more established and widely adopted cryptocurrencies. Its low price and market cap, as well as its unconventional branding, may make it a riskier investment choice.

Frequently asked questions