Citizenship coin first launched as a startup in 2018 is the first cryptocurrency for the CBI/RBI Industry.
We are relaunching Citizenship coin (CTZ) in 2020 for the CBI industry with improved features, and functions. Back in 2018, we demonstrated the working model of the project by issuing free coins, powered by blockchain.
The recent unprecedented growth and renewed trust in Bitcoin and other cryptocurrencies against global uncertainties has given us renewed interest and made us to rethink on the model.
– Stable non-volatile currency tied to Euro instead of US dollar.
– Cheap and fast payment transaction model
– Facilitate cheaper real estate transactions
– Solution to banking problems
– Aims to become the first Digital Crypto bank of the CBI industry
– Freedom to buy citizenship.
The value of citizenship is fixed to price of euro making it as stable non-volatile coin.
1 CTZ = 1 EUR
As a part of our 2020 plans, we will offer a web interface and app (Android/iOS) for our clients. Through the interfaces, it is possible to buy/sell citizenship coins, send or receive coins and withdraw funds to bank account, anywhere in the world making it easy to use. All transactions above €10,000 will undergo KYC and above €50,000 undergo source of funds checks for AML. For transactions above €100,000, we will undergo further checks through Due Diligence firms. Client funds will be insured for upto €100,000 to prevent losses or hacking.
There will be a maximum of 100 million CTZ coins in circulation. The fee to buy or sell coins to fiat is a flat 1% fee charged by the company. The blockchain will be public so that transactions can be verified anytime online.
Citizenship coins will also be compatible with major crypto-currencies and can be freely exchanged to Bitcoin, Ethereum and Litecoin etc at the price of Euro. For example 1 BTC = 9600 CTZ at todays price.
We will also aim to obtain banking license in CBI jurisdictions to fully operate as digital bank, of course this will depend on the growth of the startup and significant investment involved this startup. The bank will function as “Citizenship bank”
We will launch full working model of public network in 2020.
The Citizenship coin startup currently is a part of The Yellow network
