and sold them for 5,900,000 usd

sell

Need help at border

with that amount we will be able to buy the land, so all coins (not only the 2.95% but the 100% ) are now backed

those 2.95% of the coins now are traded in the exchanges

and as we complete milestones, our land will be more valuable, therefore the coins

More valuable

Just think about Manhattan ok?

IT was bought for 10 usd

do you see the potential?

😄

Ye

so the currency is destroyed after it's used?

yes, since the land is claimed

wouldn't that make initial investments more risky?

not many people would be willing to spend

they might hoard their currency waiting for a price increase

you mean to actually move to The Memetic Principality of kek?

yes, i know

That's what happened with bitcoin, but at one point,, when there is no more demand to buy coins, the price will stop soaring

that's a normal price discovery process

and that's why the very same coins that you buy on day one, will fund your project in the future

interesting

I think it would be nicer

The idea was already tested in Germany 1923

it worked

To make Coins a little bit less

Like .1 coin = 1.876$

Like bitcoin

That's the starting price

1 coin = $1..87 = one square meter of land

I'm saying 100,000 coins

Is easier to manage than 1,000,000

the land has a size, we have to back every coin with 1 square meter of land

that's what gives value to the coins

We have coins already

Yea

They will be used to buy things later on tho

But .1 coin would equal 1 square no changing

Value

you are never going to have them all, who cares what is the total number of coins