The world’s first government ICO: Estonia or issuing national tokens


nnnWhen Estonia is committed to the development of the chain has been a period of time, and its plan is also progressing smoothly, has now stood in the European block chain revolution cusp. Recently, the country has successfully implemented the e-Residency scheme, and now the government is considering how to issue money to its electronic citizens or the first government-initiated ICO project. If the citizens of the world can pass the magic of this technology and become a citizen of other countries, then perhaps the currency can also be liberated through this technology.n
nnTranslation: Clovern
nEstonia’s block chain plan has been very smooth progress, has now stood in the European block chain revolution cusp. The country has successfully launched the e-Residency scheme, and now the government is considering how to provide money to its electronic citizens.n
nIn a report on the proposal, quoted Vitalik Buterin as saying:n
nn”The ICO within the e-residence rights ecosystem will establish a strong incentive between the e-citizens and the funds, which goes beyond the economic dimension and makes the e-citizen feel more like a community because They have a lot of things to work together. “n
nnThe story does not list too much detail, but the idea seems simple. In addition, the idea encourages people to become electronic citizens, so that they can freely use the international currency. It is noteworthy, however, that the eHR program has so far been not questioned by the international government or organization. According to a blog post about the subject:n
nn”It is now possible to create a position-independent company that is now the main ‘product’ that promotes the development of the eHR program, and even if we do not mention that, we are still likely to achieve substantial growth rates (especially in the fast-growing numbers Nomadic ‘community) while addressing one of the most important issues facing our world, that is, how to ensure that everyone has the opportunity to benefit from entrepreneurial activity and growing e – commerce activities.n
nnNow, suppose anyone in the world can settle down in Estonia, create a business, and then be able to use the government issued the digital currency on the business of the business transactions. Of course, this currency can also be used to pay the country’s minimum tax burden. The local industry will be encouraged, especially for those who want to create business, buy real estate business and other foreigners industry.n
nThe whole matter raises the question of when other countries will begin to compete with Estonia in the real estate sector of the block chain kingdom. There are many islands want to enter the 21st century, so that the global participation of participants and their mutual benefit – which makes people think.TK domain name, which people around the world are free access to top-level domain name, but also from small Island country to buy domain name.n
nAnother important argument is that when digital citizens become normal, it is easier to achieve global KYC compliance. As for Estonian electronic citizens, they can selectively share information with the institutions they need to verify the identity of those who want to do business or invest.n
nThe private sector is investing in products and services for e-citizens, and is excited about the fact that the secure digital identity provided by the electronic right of abode can achieve easier KYC and guidance, making the eCommon community a new online service Very attractive consumer market.n
nIn general, the Estonian plan is very exciting for block-chain enthusiasts who want to start a business or just simply when the curious revolution really begins. If the citizens of the world can pass the magic of this technology and become a citizen of other countries, then perhaps the currency can also be liberated through this technology.n

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