Oscar Mayer, the chilly reduce firm that introduced us that catchy bologna tune and the Wienermobile, needs in on cryptocurrency, sorta of.

The meat maker launched its personal digital coin referred to as Bacoin (bacon + coin), what it says is the “first-ever cryptocurrency backed by the gold commonplace of Oscar Mayer Bacon.” Beginning as we speak, bacon lovers can go to Oscar Mayer’s web site and register for an opportunity to win a Bacoin. Should you rating one, you’ll be requested to share the marketing campaign on social media to extend the coin’s worth.

As you might need guessed, a Bacoin is redeemable for bacon, not actual cash. Oscar Mayer has a value tracker for what number of slices one Bacoin is value. As of writing, a single coin will internet you 28 slices of bacon, or a pair packs of greasy deliciousness. The corporate warns that, like cryptocurrency, Bacoin is a risky digital coin, so don’t hesitate to redeem.

Oscar Mayer launched an appropriately cringe-worthy promo video to go together with the gag.

The aim of the advertising ploy is to incentivize customers to create buzz about Oscar Mayer bacon by spreading the phrase on Twitter. Whereas it gained’t have any actual penalties on the cryptocurrency market, it does present that what was as soon as a hopeful rising expertise with a poor status has change into mainstream sufficient to leverage as an advert marketing campaign.

Who is aware of, perhaps Oscar Mayer is on to one thing. If there’s one factor the cryptocurrency market wants, it’s stability. And what could possibly be extra steady than the world’s love for salt-cured pork?

The put up Oscar Mayer simply made a free ‘cryptocurrency’ you’ll be able to redeem for slices of bacon appeared first on The Each day Dot.

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