It's not my fault that I have to share this information, but there is a cryptocurrency named after The Lord of the Rings. It's called the JRR Token and its creators call it The One Token that Rules Them All. However, that might be unfair. Let's take a look to see the video it creators created to show you why it is so special.Wait. Before we get into the crypto stuff, I want to know what the legal situation with this video is. The video contains images of rolling green country overlaid with Lord of the Rings-esque text while what sounds almost like a piano rendition of Howard Shores The Shire plays. They are banking on confusion about JRR Tolkiens name, even if they don't prove to be infringing. This doesn't sound like something the Tolkien Estate would allow to pass without a fight.All that is irrelevant for now. What is JRR Token? According to the website and video, tokenites (or anyone who has tokens) will receive more tokens as more people use this network. The website also states that a percentage of each transaction will be added into a liquidity pool. This is not related to the terrifying scene in which Galadriel shows Frodo the Scouring the Shire. Its Tokenomics are how it works to make it a functional currency. I was curious too, but I read the whitepaper and some FAQ for Binance (on which JRR Token is based) but that didn't help.Although I might have misunderstood some of the books and movies, the Ring did not seem to be a force for good.However, the website provides detailed instructions on how to get tokens. The process is similar to asking questions in the dark, even though it's not something you are very familiar with. The process involves sending money to a contract address, which sounds more suspicious than if it were done through Mt. Gox clone Mt. Doom.Perhaps I would have forgotten all about it if JRR Token's creators had paid an actor from Lord of the Rings movies to promote the cryptocurrency. Maybe I could be sold if Billy Boyd (the actor who played Pippin) were to do a Cameo.That was actually what happened. Although JRR Tokens tweet with the video endorsement was deleted, the JRR Token team has since tweeted something almost as amazing (shoutout to Boing Boing)Saruman wanted to unify Middle Earth, but the fellowship desired decentralization. Cryptocurrency can be described as a decentralized network. August 4, 2021 by JRR Token (@TheTokenOfPower).You can now see the trading charts and all other details of the project. It is unclear at this stage if the token represents a troll (not the cave type), or if it is serious. Arwa Mahdawi, Guardian columnist, points out that it can be difficult to tell with the nascent cryptocurrency. Professor Lana Swartz, a crypto expert and UVA assistant, was available to answer our questions about whether The Token of Power's stated goals are reasonable. She also said that it is difficult to tell these days after the rise of Dogecoin.So, regardless of whether the creators of JRR Token are honest or not, should I rush to buy JRR Token in order to get in on a first-floor seat? It's not possible (and not because The Verges ethics policy prohibits it). After many nights and days of Lord of the Rings research, my conclusion was that the One Ring wasn't a force for good. I would not use the text on the Ring in a whitepaper about cryptocurrency. I also wouldn't compare my coin market to the Rings ability to bind Saurons to Saurons, which could lead to humans becoming Ringwraiths.
