The Blockchain Based State
There has been a lot of ideas which includes blockchain and huge number of other publicity stunts but this “Blockchain Based State” has surely set up the bar. It’s called Decenturion, where people don’t hand over money to the state but the state generate income for the citizens.
This Blockchain based state depends on two irreplaceable, complementary residents:
A citizen as a physical resident; and
A Startup as a legal resident.
In Decenturion each citizen has a role whose significance is measured on the amount of decenturion tokens an individual owns. Decenturion values its citizen to an extent that they would provide the new market assets to the citizens in forms of tokens and the citizens wont have to pay anything including taxes and each resident of this decentralised country is expected to get a yearly income of $15,000 dollars a year or more.
The first passports were issued at the conference in New York and granted their holders the following benefits:
– The Right to receive startup tokens for free in proportion to the amount of decenturion tokens owned by the citizen.
– The right to sell startup tokens
– The Right to sell decenturion tokens and attract new Citizens
The Startups in Decenturion state will be accelerated with with a space where they will be able to transfer their tokens to the citizens of the state, thereby enabling them to attain the business targets, exceeding the results of numerous traditional ICOs ensuring own prosperity and flourishing of the economy. Decenturion’s Citizens will be able to use the startup tokens as money backed by a product.
The Decenturion tokens will serve as the currency used to acquire the Decenturion State passport of Citizens. One Decenturion token is sufficient to pay for one passport. These tokens are distributed for free upon their issue. Considering the potential number of Citizens in the state, there are plans to issue 30,000,000 tokens.
The ideology is not to create most populous state, it focuses instead on qualitative growth in terms of level of income per citizen, education, IT/blockchain literacy, professional competencies etc. The forecast income per citizen will be equal to $15000 dollars yearly.
Smart Contract, a wonder created in Blockchain technology is the key to regulation of relationships between the current citizens of different countries. The user must activate the Decenturion passport in order to get the passport hard copy, personal web landing page in state’s overall internet community and a manual on how to participate in economic activity.
The tokens received from the startups to a citizen in the Decenturion state can be put on the personal landing page which the citizen gets, for sale and the liquid tokens gained by the citizen becomes the individual profit or income. However, the territory of the Decenturion, this profit is not taxed, neither is it a subject to any commission in the country.
The startup, as a new legal resident of Decenturion, has access to a vast audience – millions of potential users, hundreds of thousands of resellers, tens of thousands of citizens who promote the project and thousands of professional consultants.
The cost of marketing of reaching the amount of citizens speculated in Decenturion state is ideally supposed to cost millions of Dollars, but due to the ecosystem made for the Startup legal citizen, this is free of charge.
There is no need of explaining if decenturion is using the model of Centralisation. Decenturion is using the exact principle of Direct democracy, enabling citizens to regulate fully and independently the political, economic and social lives of the world’s first blockchain-based state, beyond borders.
Image Courtesy: Decenturion
Visit Decenturion.com for more information.