Floating Island Crypto Nation seeks a new mode of government

The first nation-state conformed by a floating and autonomous island of the world will be completed in 2022 and already began to sell the cryptocurrency destined to promote the project at present. This is a novelty that is seen as a project to take into account whose genesis is in the blockchain-bitcoin technology.

Varyon Token for sale today

The project, backed by PayPal founder and billionaire Peter Theil, plans to build what can be a maritime city-state that contains 300 homes along with a handful of commercial buildings, including restaurants and hotels, built in the Pacific Ocean near from Tahiti. The project will be a collaboration of two non-profit organizations, The Seasteading Institute and Blue Frontiers.

Varyon, the cryptocurrency designed to finance the project, went on sale today at the investor level. Details about the pre-sale were released by the project;

"Varyon (VAR) is expected to be required to purchase seasteads, fractional ownership of seasteads and residence on the beach of Blue Frontiers, the advance sale is available today for the first 4,000 ETH with bonuses of 5% to 15%. The public sale date has not yet been determined. "

The large-scale or large-scale sale of the token will be divided to finance various aspects of project development, including; design and engineering, community growth and general management needs. It is expected that the sales of properties, stocks, products and any Blue Frontiers service will only be made through the Varyon token.

Varyon describes the tab or tokens as "an easily interchangeable token, of which only one billion will be made". Varyon will also be marketable and usable beyond Blue Frontiers.

The construction of the "utopian" island state will begin next year following an agreement signed with French Polynesia in 2017. The design of the colony, which is shaped like a hook, was created to address climate change in the region. As sea levels rise, it will possibly increase to 6 feet in the region, as will the entire superstructure of the island. It is an ingenious idea that needs to be developed so that investors can appreciate the possibilities of investing safely.

Floating nation made up of an island. The latest disruption

Nathalie Mezza-Garcia, a political scientist and researcher at the Floating Island Project, told the Daily Mail the following:

"The residents of the island will be free of fluctuating geopolitical influences and commercial problems" and affirmed that the nation "could take refuge in houses every day and that they can be displaced by climate change".

The concept conceived by Peter Theil is not aimed at creating a tropical getaway or fun but as an alternative to living under the auspices of any of the existing world governments.

The president of the Seasteading Institute, Joe Quirk, reiterated this idea when he said he wanted to see "thousands" of different floating cities by 2050, each of which "offers a diversity of forms of government." As Quirk told the New York Times, "governments simply do not improve, they are stuck in previous centuries." That's because the land encourages a violent monopoly to control it. '

New projects emerge from the imagination of developers and investors, grouped into startups that need financing, that money that is scarce, that can be offered by large funds or by individual investors, blockchain technology makes those dreams possible, what is needed It is clarity, honesty, transparency and, above all, a lot of research on the part of future investors. It waits for new announcements.