The Vanuatu Prime Minister finally agrees to support satoshi island. A crypto community-centered project. That means there will be no place for the fiat on the crypto-based island.
The satoshi island shared a letter. That Vanuatu Prime Minister Bob Loughman approved. That they will support the satoshi island community project.
Also, this new crypto community-based satoshi island is an exciting project for him. He stated that his government is exploring all the possibilities. That will be introduced to the local people and the businesses.
Also, Loughman’s letter stated that as a growing nation, “vanuatu is busy finding new ways to draw investment and people to our country.”
Furthermore, the letter highlighted that the covid-19 has badly affected the tourism sector, and Vanuatu is searching for “innovative solutions that help our economy to develop.”
Loughman’s letter ended by welcoming the “satoshi island project and its community to our country.” Also, the authority of Vanuatu is excited to watch the “development of the new satoshi island and inviting your community to their new home.”
What Is this Satoshi Island Project?
About A Crypto Centered Community Project The Satoshi Island:
It’s an island named after the pseudonymous creator of bitcoin, Satoshi Nakamoto. Which is located in the south pacific. It is the first real-world exclusive place and economy. That is running on blockchain tech and cryptocurrencies.
As well it is owned and operated by satoshi Island limited. A great place for crypto professionals and crypto enthusiasts.
It has a complete decentralized financial system and even democracy based on blockchain. Also, the ownership of all rights and assets will be done through NFTs (non-fungible tokens).
Satoshi Island is ready for the visitors and for their new experiences. Each construction is based on a modern and sustainable architect, from living to working places.
Conclusion:
Vanuatu’s prime minister showed a green signal to support the development of crypto- centered island satoshi island. A real-world use case allows crypto holders and professionals to live and work using digital currencies.
This new crypto-based island is not dependent on any type of traditional democracy and traditional currency. This city runs on a decentralized financial system, blockchain technologies, and digital currencies. With sustainable and modern architectured buildings and other constructions.
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