Photo - Skeincurrency - a coin with its own blockchain
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Skeincurrency - a coin with its own blockchain

Creating a digital virtual state

Estonia
Market: Blockchain, Crypto currency
Stage of the project: Operating business

Date of last change: 01.03.2022
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Idea

Our project is to create a fully digital jurisdiction based on a small state with the goals of increasing the level of automation, speeding up and reducing the cost of life processes around the world, creating a universal jurisdiction, increasing the involvement of the inhabitants of the planet in the process of political governance, simplifying registration and doing business, attracting investment, financing social, cultural and environmental projects. The virtual country will have all the attributes of a real state: citizenship, registration procedures, currency, private property, inheritan

Current Status

This project was created and placed on the exchange platform to raise funds through speculation.

Market

Cryptocurrency market, crypto traders, holders, investors in crypto projects, hedge funds, crypto funds.

Problem or Opportunity

At the moment, the project needs scaling and attracting new crypto traders and holders. This will increase trading volumes and attract more investors. It is necessary to launch a full-scale advertising campaign and place the cryptocurrency on additional exchange platforms.

Solution (product or service)

Attracting investor partners will help solve financial issues related to the promotion of the project.

Competitors

There are many competitors among cryptocurrencies, but they are all similar to each other. Our cryptocurrency will become a crypto share of the platform on which a digital virtual state will be created. This project has no competitors. The virtual country will have all the attributes of a real state: citizenship, registration procedures, currency, private property, inheritance, entrepreneurship, investment environment, voting, charity, cultural, environmental and social activities, social protection. The virtual state will be based on joint-stock ownership, where every citizen is a shareholder, which will later help to realize the idea of guaranteed income.

Advantages or differentiators

Within the framework of the business platform, it is proposed to introduce a special taxation regime. Thus, by lowering taxes, but using reliable methods of collecting them, it is possible to increase the volume of tax revenues. This will be of interest to the states with which we will cooperate. All companies registered on the platform will be tokenized, that is, the shares will be distributed among token shares. Digi-citizens and digi-residents can become founders of the company. Investors can be any inhabitants of the Planet. When a significant mass of business units operating in various fields is formed on the business platform, it will be possible to talk about adding functionality for holding tenders and organizing a commodity exchange to it. It will be possible to conclude contracts, make transactions, offsets, auctions, exchange useful information (crowdsourcing) between MosaicChain participants within the business platform. The crowdsourcing sub-platform will host discussions on projects and other topics related to the platform. Crowdsourcing will allow the exchange of valuable information, including for a share of the project, will help improve both individual businesses and the functioning of the platform as a whole.

Finance

The MosaicChain business platform plans to attract about 6% of the annual amount of venture investments in the world, i.e. about 24 billion US dollars (for comparison, the total volume of venture investments in the world amounted to: 2017 - 175 billion US dollars, 2018 - 255 billion US dollars, 2019 - 281.6 billion US dollars, 2020 - 300.5 billion US dollars). If the commission fees amount to 1% of each transaction, then in this case it will amount to at least an average of $ 80 million per year.

Business model

Create a fully digital jurisdiction based on a small state with the goals of increasing the level of automation, speeding up and reducing the cost of life processes around the world, creating a universal jurisdiction, increasing the involvement of the inhabitants of the planet in the process of political governance, simplifying registration and doing business, attracting investment, financing social, cultural and environmental projects. The virtual country will have all the attributes of a real state: citizenship, registration procedures, currency, private property, inheritance, entrepreneurship, investment environment, voting, charity, cultural, environmental and social activities, social protection. The virtual state will be based on joint-stock ownership, where every citizen is a shareholder, which will later help to realize the idea of guaranteed income.

Money will be spent on

The funds will be used to pay for more expensive asset placement on three exchange platforms. There will also be a payment for the services of lawyers fr om Canada to obtain a legal opinion. This will close the issue of markets and countries wh ere crypto assets are restricted by law. The services of a large agency located in London in the field of advertising crypto projects, financial projects and blockchain projects will be paid for.

Offer for investor

Negotiated through negotiations.

Risks

Risks exist, just like any project. We are insured against internal risks. The team is interested in the development and promotion of the project. As for external risks, they will be minimized due to the fact that the state on the basis of which the digital virtual state will be created will support the platform at the legal level.

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Photo 1 - Creating a digital virtual state
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Idea
Current Status
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Problem or Opportunity
Solution (product or service)
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Advantages or differentiators
Finance
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Business model
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