There seems to be a new concept of “shitcoin” which usually stands for useless cryptocurrency and rubbish coins.

The Argentine government decided to launch a project related to garbage and waste, but this time it is useful and valuable.

And that is through the launch of a new project that deals with garbage in a positive and purposeful way, by rewarding citizens who deal with garbage well and giving them a reward in “JellyCoin”.

The Argentine Ministry of Industry announced the launch of a new project in the Argentine province of Misiones

It rewards citizens who deal efficiently with trash with an entirely new cryptocurrency.

The launched project bears the name “Hive” and operates on the blockchain network and has a token and cryptocurrency called “JellyCoin” that is given out specifically to citizens who comply with environmental regulations.

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All Argentine citizens have to do is register a new account in the JellyCoin network

And choose the category they want to be in “garbage collector”, “garbage generator”, “garbage producer”.

Then each user is asked to upload and record information on the items they throw away.

The platform then connects the “product” with the “collector” and sorts the garbage according to specific elements (plastic, metal, organic waste…)

And those who finally deliver it to the “generator,” which in turn delivers it to waste treatment sites.

Everyone is rewarded for their good waste management.

The Argentine Ministry of Industry did not reveal the reason for choosing “JellyCoin” and did not choose Bitcoin or the Argentine peso.

Also, the “JellyCoin” currency has not yet revealed its value. Is it based on the Argentine currency and is it fixed or variable?

They are all open questions that the Argentine Ministry of Industry did not provide any answer to.

The ministry only indicated that the new cryptocurrency will be a tax exemption that can be used to pay taxes later.

And JellyCoin is not the first cryptocurrency launched by the Argentine government There is also MMP Coin which rewards law-abiding citizens who do good deeds such as paying their taxes on time or participating in charity…

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The country of Argentina is witnessing recent economic fluctuations that made many citizens resort to cryptocurrencies as a refuge for their money and wealth after the value of the currency fell to record levels.

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