2 minutes Read

$Ggool – They’ve Been Paying People For Pooping! 💩 #CryptoGist

Hey Breet Gang,

Imagine being paid to ‘take a shit’… 

Let me gist you: In the interesting country of South Korea (Yeah the Squid Game country), about a year ago (July 2021), a university professor Cho Jae-weon, invented a toilet that turns poop into energy and then, as a reward for their hard-work, people were compensated with a digital currency called Ggool! 🙃

Yes, that is a real thing. Known as BeeVi toilets, they were built and located across campuses in an institute called Ulsan National Institute of Science and Technology; toilet users were paid 10 $Ggool for their ‘service’, and the methane gas in poop was used to generate energy 💡 

This token was accepted as payment in shops on this institute’s campuses (imagine this happening in Nigerian universities sha — having constant light and then paying for Korede Spag in Unilag like this 🌚). 

The ‘Shitcoin’ has been making the headlines and was a thing until earlier this year, when the South Korean authorities decided it was time to suspend this project, as investors were starting to lose interest.

If you’re wondering; “How did they gain interest in the first place?” Me too 👀

But, it might interest you to know that some of these toilets are still available on those campuses, so who knows, Shitcoin Ggool might be coming back – fingers crossed! 🤑

People dey invent things sha, abi? 

I’d be back with another #CryptoGist soon, so keep an eye out! 

Till next time, stay out of trouble. 

Copy Link

From the blog

The latest industry news, interviews, technologies, and resources.

January 27, 2023
My Crypto Story: Episode Eight #BreetStories

My best friend would say; “The fear of January is the beginning of wise financial decisions.” And anyone would agree. Unless you...

Read More
December 22, 2022
My Crypto Story: Episode Seven #BreetStories

“I-Just-Got-Back people are in town o, hide your babe o!”  We’ve all heard this talk, abi?  Well, wahala for who get...

Read More
November 24, 2022
My Crypto Story: Episode Six #BreetStories

In this life, fear women.  Again, I repeat, fear women. Before you start to think it’s a man saying this...

Read More
November 10, 2022
My Crypto Story: Episode Five #BreetStories

One thing 2022 taught me? It’s “try dey calm down.” Impatient dog don chop the thinnest bone o 😢. It all...

Read More