If you’ve used the short-video app TikTok at all in the past few years, you’ve probably run into one or more of the weird problems and trends that have spread like wildfire.
The latest news is that TikTok has started yet another strange and confusing trend. This one involves doubloons, a type of cryptocurrency, and videos of a cat, who is said to “give” the users the doubloons.
What are Doubloons on TikTok?
For those interested in history, a “doubloon” was once a unit of ancient Spanish currency. Gold coins with two sides were used as currency, and both sides bore images of sunken pirate ships and buried treasure. The Pirates of the Caribbean film series popularised a phrase first used in 1622. The new fad, however, has nothing to do with the Spanish coins.
The current doubloon fad can be traced back to a digital currency that is widely used on the video-sharing platform TikTok. Soup, coats, blankets, salad, and even services can all be purchased with digital currency. Inflation has risen, many internet users say, because of people spending their hard-earned dollars in Doubloons.
People are concerned about the rising value of the currency, even though the coins can be stored in a digital bank. The origin of the fad remains a mystery, but it has clearly gone viral and is now featured in numerous internet memes.
What is the Value of a Doubloon?
Doubloon is a cryptocurrency with a coin value of $0.000478 USD that is listed on Coin Market Cap. The platform also states that as of November 22, there were 4,845,824 DBL coins in circulation. Expect changes in these numbers soon, though, as the currency has now gained popularity.
Some people are still perplexed about the trend in the interim. One user commented, “I thought everyone was making pirate jokes and jokes about doubloons; I didn’t know you actually got them from a game, I’m so confused.
One person tweeted, “Why is there a TikTok trend where a cat is giving out and selling things for doubloons, why is it putting people in doubloon debt, why are there thieves stealing doubloons, where did doubloon cat come from and how did it get so big already?” Another person tweeted, “Why is it causing people to go into doubloon debt.”
Meaning of the Cat and Its Role in the Trend
This entire trend has resulted in a slew of memes depicting cats staring you down with their paws stretched out. As many TikTokers have pointed out, you can earn Doubloons by simply following the cat’s instructions in videos on your For You page.
If you follow the rules exactly, you can amass a large amount of digital currency and use it effectively. However, we must caution you against using “infinite” Doubloon generators, as many people believe they are a scam.
In addition, the cat decides how many Doubloons should be charged for anything, and the cute creature displays the figure with its paw. However, because demand is constantly fluctuating, there is no hard limit or margin on the cost.
What Is The Opinion Of The Online Audience?
Those who have attempted the “Doubloons challenge” on TikTok are left befuddled. Users participate in the trend by engaging in a variety of activities to earn virtual currency, which can then be used to purchase a variety of in-game items.
Nobody knows what started the craze, but now many devote hours each day to accumulating as many doubloons as possible. Other Twitter users have taken to the platform to express their confusion regarding the trend.
Some are concerned that the trend may be a form of gambling due to the fact that users spend real money to obtain virtual currency.