Decenturion, the first blockchain state in the world, has raised $100 mio paid by its residents. Some $20 mio may be spent on purchasing an island for the new state. Invest Foresight learnt that from Nikolay Evdokimov, the project founder, at the second congress of Decenturion residents in Crocus City Hall in Moscow.
The congress was attended by such personalities as Bobby Lee, CEO of BTCC, China’s largest Bitcoin exchange, cryptoenthusiast Ken Rutkowski, and various Chinese citizens who wanted to support the project.
As of mid-September, the state has got about 300,000 citizens compared to 120,000 in June. It is anticipated that by the yearend citizenship will be granted to 600,000 individuals whereas ultimately the blockchain state may have up to 30 million citizens. Decenturion’s dramatic expansion is due to the fact every citizen is promised to have an untaxed annual income of $25K. The said $25K will come from the value of tokens of startups which are contributing half of their issued tokens to Decenturion. Until last August, Decenturion handed out its passports and tokens free of charge, but now a passport if officially priced at $500, and the figure is expected to keep growing.
By the end of 2018, Decenturion is intending to have 300 startups and capitalization of $10 bln. By now, Decenturion has launched 40 startups, hence another 260 are to emerge within three and a half months.
Invest Foresight has learnt that within a month a deal of purchasing an island (of 3 square kilometers) in Uganda (at Victoria lake) or Malaysia should be accomplished. The price may reach $20 mio. All in all, six islands will be acquired by the state worldwide.