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Author Topic: A small village strengthening it's Economy by cryptocurrencies.  (Read 299 times)
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June 19, 2018, 05:02:21 PM
 #1

A small japanese village named, Nishiawakura is making their economy much more beneficial with the help of cryptocurrencies by launching a Initial Coin Offering. I think it is a best way to help some small villages to grow up with really good profits and also it might bring the cryptocurrencies some more close to legalisation.

The village is home of approximately 1500 villagers and and they unveiled their plans to launch a regional initial coin offering.
Report by coindesk https://www.coindesk.com/japanese-village-to-launch-nations-first-municipal-ico/

This is a perfect head start and i hope that several such villages can soon adapt this strategy to strengthen their economy
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June 19, 2018, 05:41:29 PM
 #2

This look very intresting for cryptocurrency future, slowly but sure crypto keep growing and growing.

How about bitcoin ? can bitcoin keep up ? and keep being the number 1 crypto currency ?  Roll Eyes

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June 19, 2018, 06:10:12 PM
 #3

I think their ico can be more profitable than many ICos in the market Cheesy but as it is not attractful it will probably not raise any money, scam ICOs are better for most people...
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June 19, 2018, 08:21:10 PM
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 #4

There's no need to launch an ICO just to strengthen their village by gaining funds from it. Japan is a crypto loving country and it has shown on how it is very well helpful to the economy.
AFAIK they have already monacoin for their altcoin and bitcoin as main cryptocurrency. What if all small villages in Japan do the same thing? they will just add to crowded initial coin offerings that will only generate worthless tokens. Most of them will still rely to bitcoin after ICO for sure.

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June 19, 2018, 08:27:03 PM
 #5

This is good news, this is can make other country follow this strategi.
If my country use cryptocurrency in real life, i believe that can be better.

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June 19, 2018, 08:45:31 PM
 #6

wow amazingly the power of cryptocurrency is indeed terrible. cool
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June 19, 2018, 08:57:00 PM
 #7

Reading the title seems unbelievable at first,, but knowing that this small village is located in Japan then my doubts turns into admiration.. ICO might not be my favorite crypto ever since,, but to make it used for this cause is amazingly interesting..

I do adore such move and camaraderie on each person living and part of this effort to make a change and to have a better economical status of their village and for each villagers financial stability.. A possibility that only japan can do,, as of now..

No release date as of yet,, but I will wait for update soon..

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June 19, 2018, 09:06:12 PM
 #8

I have heard about their prefecture or watched it in a show that's educating viewers on how that village is a well place and cultural village (though Japan is giving importance to their culture). Now they will launch their own token that also aims to be used globally. No date of release yet but this can be also an attractive move to make other municipals to take a look at ICO and do their own. What if all of their municipalities started to launch their own ICO? Btw, their coin will be Nishiawakura Coin (NAC)  to those that haven't read yet the article.

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June 19, 2018, 09:11:39 PM
 #9

No matter how small a village is but once it has started using cryptocurrency, soon will turn into a great city. The power of cryptocurrency is so great that it can do great wonders.If a village is using cryptocurrency at this point in time will help to create employment avenues for the villagers and soon they will develop
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June 19, 2018, 09:17:14 PM
 #10

Wow, that sounds very interesting. I hope that more and more small villages and countries make the same choice. It will definitely help cryptocurrencies grow and become more powerful! And it will help the economy of these small countries.
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June 19, 2018, 09:31:33 PM
 #11

Terrible idea! What will be the value of that new crypto outside of this small town? Is this an invention to force the people to spend their wealth in a single little place? Sorry, but I only love BTC, because I know I can use it all over the world.

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June 19, 2018, 09:42:31 PM
 #12

This has been one among the trending news around the cryptocurrency news portal, Japan being the nation that supports digital growth with bitcoin acceptance and a village from the same nation coming up with such a plan makes it more interesting. Possibly they have planned to integrate blockchain into all municipal activities. Hope this change gets followed throughout.

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June 19, 2018, 09:47:07 PM
 #13

It's no wonder to hear about Japan, where they've been using cryptocurrency without a lot of obstacles, it's true that it will be very helpful in strengthening an economy, if the initial coin they give to the village will always improve over time, considering where a lot of altcoin which are not successful at this time, I hope they are very quick to take a very good step for the future, so that its development can be calculated for the whole world.

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June 19, 2018, 09:49:23 PM
 #14

A small japanese village named, Nishiawakura is making their economy much more beneficial with the help of cryptocurrencies by launching a Initial Coin Offering. I think it is a best way to help some small villages to grow up with really good profits and also it might bring the cryptocurrencies some more close to legalisation.

The village is home of approximately 1500 villagers and and they unveiled their plans to launch a regional initial coin offering.
Report by coindesk https://www.coindesk.com/japanese-village-to-launch-nations-first-municipal-ico/

This is a perfect head start and i hope that several such villages can soon adapt this strategy to strengthen their economy

As happy as I was with the initiative being taken by the village in harnessing the potentials that ICO and crypto currency can offer in general, its was short lived by the article which was not detailed enough for anyone who is out to get succinct information for decision making rather than being referred to another site to know the basic details on what the project is all about. Raising ICO is really not the problem as it can be regarded as crowd funding but what matters is what the fund is to be used for and the return that is expected by those who believe in the project.

The article didn't state specifically what how the amount generated will be applied neither did it make mention of the expected returns. For me I would be a little bit skeptical because for a village with 1500 villagers whose primary source of livelihood is forestry, I won't be surprised if white collar consultants from the big cities are the ones behind the ICO using the community as a cover up to have a working project.

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June 19, 2018, 09:54:28 PM
 #15

This look very intresting for cryptocurrency future, slowly but sure crypto keep growing and growing.

How about bitcoin ? can bitcoin keep up ? and keep being the number 1 crypto currency ?  Roll Eyes
Dont expect for bitcoin to interfere with this kind of scenarios because it wont really be considered or to be part on what they are planning to.
The thing i do like is their motive on making such ICO, their target to enhance economy wont really be bad but the thing hesitates me anytime is who would be the one to handle such thing? Government? It would be still pointless if thats the case.
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June 19, 2018, 10:03:45 PM
 #16

A village that ran Initial Coin Offering to secure funding. that sounds weird enough to me. Anyone able to explain how the society and the village able to get benefit from it. And what exactly the use of the Coin?



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June 19, 2018, 10:39:04 PM
 #17

A small japanese village named, Nishiawakura is making their economy much more beneficial with the help of cryptocurrencies by launching a Initial Coin Offering. I think it is a best way to help some small villages to grow up with really good profits and also it might bring the cryptocurrencies some more close to legalisation.

The village is home of approximately 1500 villagers and and they unveiled their plans to launch a regional initial coin offering.
Report by coindesk https://www.coindesk.com/japanese-village-to-launch-nations-first-municipal-ico/

This is a perfect head start and i hope that several such villages can soon adapt this strategy to strengthen their economy
They are intelligent people they know how to take their village economically stronger and they know all the benefits of cryptocurrencies. That is why they are taking the help of cryptocurrencies and they are starting their initial coin offering to collect the funds for the development of their village and to give the start to crptocurrency in their village.
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June 19, 2018, 10:40:07 PM
 #18

The Japanese government's attitude toward cryptocurrency is positive!
They develop their own economy through cryptocurrency!
But this small Japanese village, without any technical support and financial support, released ico. I think it's hard for anyone to participate in their project. I think this project will fail!
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June 19, 2018, 10:52:16 PM
 #19

The Japanese government's attitude toward cryptocurrency is positive!
They develop their own economy through cryptocurrency!
But this small Japanese village, without any technical support and financial support, released ico. I think it's hard for anyone to participate in their project. I think this project will fail!
I think it will prosper because Japanese people and the government is  in full support of cryptocurrency, while if this village introduced ICO in their own, the people will support, during selling period, and the community project will prosper by means of crowd financing even internationally.

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June 19, 2018, 11:13:23 PM
 #20

      In Japan a small village is trying to strengthen it's economy by cryptocurrency it is a small village named Nishiawakura and there are only 1500 villagers people in this village depends upon forest since 95% of this place is forest area . Japan has accepted Bitcoin transaction as legal and friendly approach towards Bitcoin . they are more intelligent and more techie's with good knowledge they understand and is more intelligent to divert new technologies for the growth of their economy.

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