Argentina to reward waste management with new “wastecoin” called JellyCoin

It’s an idea that brings a whole new meaning to word “shitcoin.”

Earlier this week, the Ministry of Industry in the Argentine province of Misiones announced that it will soon begin to reward citizens who efficiently handle their garbage with a brand new cryptocurrency.

The Ministry’s community “Hive” project seeks to create a “new trash commodity”—a blockchain-based token called JellyCoin—which the government will grant to citizens who comply with environmental regulations.

Residents who wish to participate need only create an account on the JellyCoin network and register as either a trash “producer,” “collector” or “generator.” Each producer is then required to upload information regarding the items they are throwing away. The platform then connects the producer with a collector—individuals responsible for sorting out specific items, such as plastics, metals, and, yes, organic waste—who then deliver it to generators who process the waste at…