Five Caribbean countries offer wealthy businessmen to acquire citizenship for investment. Investment means either a monetary contribution to a certain state fund, or the acquisition of real estate on the islands from an approved list. Earlier there were attempts to legalize the purchase of citizenship for bitcoin , but the negotiations did not move beyond the initial stage.
In April 2018, a new crypto currency “citizenship coin” was launched specifically for “citizenship for investment” programs. Citizenship Coins (CTZ) is the only crypto currency in the world that should change the investment immigration industry, enabling it to make instant payments from anywhere in the world, and most importantly, without intermediaries in the person of the bank.
Like any other crypto currency, the system of sitensunds is based on blocking technology, which does not have a central authority: transaction management and the issuance of money are carried out in a public collective register.
As we have already said, with the help of citizenship coin it will be possible to pay for participation in the Caribbean programs “citizenship for investments”. Citizenship coin provides cheaper, faster and more efficient payments in digital currency in the field of investment migration. There is a high probability that consultants on second citizenship issues, developers, law firms and even countries will in future accept citizenship coin as the usual form of payment for services. The source code for the citizenship coin project is publicly available and can be used by licensed agents for free.
A limited number of coins will be made, namely 105 million, and the algorithm will double the amount of available coins every four years. The value of citizenship coin is tied to the euro. The payment for transactions with citizenship coins is quite low, for example, to send 100,000 citizenship coins will be charged 0.1 CTZ for quick confirmation (two blocks).
Citizenship coins can be exchanged for a monetary currency, for example the euro, for a small commission of 1% through an internal exchange service that will be created for the money received through the ICO, Initial Coin Offering. A total of 52 million citizenship coins will be available for sale through the ICO.
The citizenship coins project will exist and develop at the expense of investors received through the ICO. The sale of coins starts in April 2018. During the pre-sale, the company plans to sell one million coins, and expects to receive another 10 million euros for the implementation, configuration and purchase of the necessary licenses for the company, network operations and software development for coins.
One citizenship coin will be equal to 1 euro: 1 CTZ = 1 EUR
Citizenship coin is a free open source software available to citizenship consultants, agents, law firms, construction companies, anyone from the “citizenship for investment” program industry. Interested parties can create and manage the citizenship coin network without any middlemen using free source code. All transactions of the block system pass the verification procedure, as the system adheres to the AML and KYC rules, and pursues a clear and consistent policy regarding money laundering and any other illegal financial activities.
As part of the initial promotion of the project, the company will give out 1000 coins to anyone who is somehow connected with the promotion of “citizenship for investment” programs on the terms “first come, first received”.Free distribution of coins should be of interest to industry experts and introduce the work of blocking and crypto-currencies in the course of business.
Source : https://migronis.com/blog/novaya-kriptovalyuta-dlya-pokupki-grazhdanstva-vozmozhnost-kupit-pasport-za-citizenship-coin (translated from russian to english)
