Bitcoin finally overthrown by an unlikely competitor

Every crypto investor, trader, enthusiast, business, and any other member of the crypto industry, has one thing in common. They are all used to entering their favorite crypto price data tracking websites, and seeing Bitcoin as the number one.

Today, that officially changes, as one coin
overtook BTC’s position, with a current growth rate of 1,123.97%.

The coin in question is none other than the new Toilet Paper Token (TPT). In fact, CoinMarketCap itself seems to have created it, as it published its Wipe Paper only hours ago.

Details about the new asset

The crypto price tracker calls the launch of
the coin a ‘roll call’ for all true believers in the new asset. Of course, the
tokenization of toilet paper is hardly a surprise, considering how far it has
gotten in its long history. It has followed the human civilization for a long,
long time, even before the modern double and triple-ply squares were invented.

Prior to it becoming actual paper, humans had
to rely on a wide range of objects that could be sharp, and often dangerous.
But, over the years, softer solutions have emerged, and these days, TP as
everyone knows it dominates the market.

Of course, sharp-eyed individuals would quickly notice many parallels between toilet paper and money. This is not surprising, as both have traveled a similar path over time. So, if money can come in the form of digital currency, why not its rolled-up companion?

TPT utilities

CoinMarketCap explained why tokenization of
toilet paper makes sense, offering three different utilities.

The first one would, of course, be TPT’s
utilization of the so-called ‘smut contracts.’ These would allow users to keep
track of the number of rolls that users (“wipers”) would buy. It
would also keep track of how many rolls each of the users is guaranteed. Also,
users can “purchase toilet paper online to avoid increased exposure to
‘Rona and take advantage of the Ply Count algorithm that calculates how much
toilet paper each household is entitled to receive.”

As a direct result, there will be no more
hoarding or fights within grocery stores during these dangerous and uncertain
times.

Finally, as holders of TPT, wipers would have
integrity and a guarantee of safe and fair toilet paper distribution around the
world. As such, humanity would be able to avoid dropping to the first or second
level of Maslow’s needs hierarchy. Instead, it would remain at the ‘turd
level,’ as the Wipe Paper eloquently puts it.

CoinMarketCap seems convinced that these and
similar utilities will prevent volatile dumps.

The Paper also announced a TPT Airplop. Those
who wish to participate must first register and take the Ply Count Quiz. This
will also determine how much TPT they can purchase. Unfortunately, users will
have to reveal some sensitive data to register. One example includes the number
of members per household. They will also be obligated to reveal any preexisting
gastrointestinal issues.

But, there will be enough TPT for all, as the
coin has 8 billion units, with a total market cap of over $85.5 billion. For
the rest of the information, users can consult the Wipe Paper itself.