A small village strengthening it's Economy by cryptocurrencies.

[ShadowBits]

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

That is really a good news. But they can't live alone with crypto. They should interact with FIAT since it is still used to pay anything in the world.

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[naidray]

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

It is a brilliant move, but we also have to understand the usage of the fund, how the small village intends to make it beneficial for her and some other factors as well. On the other hand, it is an interesting thing to see how the cryptocurrency space is evolving by the day and how each government is trying to see ways in which they can benefit hugely from it.

One way or the other, we are moving higher and this is just a start. I really still would not mind trying to get more details on this anyway as nothing much was stated.

[upsidedown75]

The surprising thing about this is that the executive government of Japan has allowed this bold move as even though they have stated that it is there way of moving away from the centralized system. Although I am still skeptical on how this move will affect their economy as certainly they are also the ones buying their own coin, one wrong buyer who has control can certainly affect the price of NAC. If this is their way of keeping up I think they have the wrong idea of ICOs as certainly they have other things to improve on.

Really wrong idea of ICO as far as I am concerned. I am still trying to picture what benefit anyone who is trying to be the part of the ICO stands to gain, what they intend to make use of the crowd funding for and how is it not going to end up centralized at the end of the day. With the way it sounds, it is more like using the ICO space to raise some charity funds for the small village to improve their own economy and I am still trying to wrap my head around how this ends up playing out.

[hatshepsut93]

Economy is strengthened when more goods and services are produced, if someone gets investments it doesn't mean that they will succeed, their project may fail for many reasons and there will be no benefit for the economy. Also, I think that fact that villages and other unrelated entities are jumping on the ICO bandwagon only shows how immature and irrational the crypto sphere is, it's absurd that everyone and their grandma wants to have their own token or coin.

[fmasta]

This is awesome I love Japanese people and they're economists, because they are just so great, I think if every government of world will have at least one Japanese among them we would became more successful in economic.

[Dmitry.Vastov]

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

This is what crypto currency does that helping millions of people and helps them overcoming their poverty and helps in earning their livelihood, bitcoin and all other currencies too has always helped people and has always proved themselves worth to be invest in, and this Japanese village naming Nishiawakura is the finest example of this thing and a lesson for those who has not yet understood the real fate and potential of bitcoin and should learn something from this village that what is the real potential of all the crypto currencies.

[Pumapipa]

Actually, this is the whole point of cryptocurrency. Just think of this as a beta testing to the bigger picture cryptocurrency can paint. Everyone utilizing different coins for different services and going cashless. Good thing that there are countries adapting to this kind of technology.

[BartS]

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

People are used to only have national currencies printed by governments but in the past there were regional currencies that were used only in certain regions of a country and even some towns had their own currencies as well, with cryptocurrencies now becoming more widely adopted there is the possibility for small villages to create their own smart contracts and their own coins, and through very small icos they could get funding to create projects in their community, so it seems cryptocurrencies are already changing the way people perceive the economy and that is a good thing.

[JerryJam]

Small villages can be found in countries with low levels of economic development.Therefore, these countries benefit from the use of cryptocurrencies. Because these countries can not provide a decent life to their people have to survive. People provide for themselves. This ensures the flow of capital into the country.This is especially beneficial to the people.

[Hughes_Ryan]

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

Thank you for the positive information you shared with everyone. It is hoped that this information could lead many other villages in Japan also to strengthen the economy by cryptocurrency.

[Crypdon]

It's a good idea but crypto doesn't automatically generate wealth, there needs to be demand for the coin. In a small village they need to give a reason why people should go to the exchanges and purchase it for use. Will it be to buy unique local delicacies or just an alternative to yen

[PayneCharity]

Japan is a leading nation in the list using cryptocurrency. There is a lot of news saying that the villages in Japan are using cryptocurrency to strengthen the economy. And today I believed it was true after you shared this news

[Kemarit]

It's a good idea but crypto doesn't automatically generate wealth, there needs to be demand for the coin. In a small village they need to give a reason why people should go to the exchanges and purchase it for use. Will it be to buy unique local delicacies or just an alternative to yen

Well bitcoin is already an alternative to Yen isn't it. It might be a small village as per Japan's standard, but I think there's more than that. I did try to look at the website and have it translated:

Nishi Awakura village is a municipality where about 1,500 people live and forests occupy about 95% of the village's area.

In the "major merger of Heisei", while most of the surrounding local governments accept mergers, in Nishiiakura village where they chose the way of independence, we aimed to create a sustainable community by revitalizing forestry that lost sight of the value as a regional resource , In 2008 the "100-year forest (mori) concept" is set up, we are actively working on the sixth industrialization of forestry, from logging to processing and distribution, and "local venture school" which is a migration entrepreneurship support project It was. In addition to improving the economic value of these regions, we are also making efforts to achieve the sustainable development goal "Sustainable Development Goals" (common name: SDGs) adopted at the United Nations Summit as a development target of the international community .

Through these efforts, a lot of local ventures have been born in the area. And people gather around the local venture, a new ecosystem is born, and various possibilities are realized there.

In order to accelerate this trend and create "region" around "people", we will realize the issue of unique currencies based on block chain technology and the formation of token economy accordingly.

https://nishiawakura.org/

From paper it looks like their goal is really nice. They needed money to create a sustainable growth on their village. But I guess the local government can help them realized their goals. We all know how financially Japan is Maybe just a simple call from the government will do and no need to go thru this ICO thing. Just saying.

[kipo]

I have always considered Japanese the smartest. I think that their approach to innovations is the most reasonable one. They know how to deal with money and make even more money from the investments

[MMA]

Small villages can be found in countries with low levels of economic development.Therefore, these countries benefit from the use of cryptocurrencies. Because these countries can not provide a decent life to their people have to survive. People provide for themselves. This ensures the flow of capital into the country.This is especially beneficial to the people.

Yes that is right, som time a small village in a country give good financial support to their country i think that if people from a country are using bitcoin for different purposes and for trading and investment, i think that they can really improve the economy of a county, in my country still bitcoin is very new and still most of the people do not know about bitcoin investment.

[dlhezter]

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

That is really a good news. But they can't live alone with crypto. They should interact with FIAT since it is still used to pay anything in the world.

Yes it is a good news, It is possible to think that crypto has a good impact to those community or even in a small village, I hope it can be applicable world wide.

[Sled]

I hope that this will become an inspiration for the other villages in that country and also to be an inspiration to other countries that cryptocurrency is not a joke and it is a real deal that they can grab in order to strengthen their economy and have a better future by just adopting, implementing and using cryptocurrency for their transactions and projects.

[breathlessz]

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

That is really a good news. But they can't live alone with crypto. They should interact with FIAT since it is still used to pay anything in the world.

Yes it is a good news, It is possible to think that crypto has a good impact to those community or even in a small village, I hope it can be applicable world wide.

especially if they already know the crypto before the year 2017, surely now already rich. as we know by 2017 bitcoin soared to become world trending topic, so many new people are interested in this business

[fmasta]

Economy is strengthened when more goods and services are produced, if someone gets investments it doesn't mean that they will succeed, their project may fail for many reasons and there will be no benefit for the economy. Also, I think that fact that villages and other unrelated entities are jumping on the ICO bandwagon only shows how immature and irrational the crypto sphere is, it's absurd that everyone and their grandma wants to have their own token or coin.

Also I think that, this Village can succeed because they are not many, and when it is small amount of people they are easier to agree one with another. When we have big city, we can never be agreed on something completely.

[huhhuh18]

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

So are they creating thwir own currency outside the national currency (which isnnot much of a problem), but creating a currency that can serve only you as a community might be risky. If the crypto space doesn't gain any interest in the coin, it might not be worth much and by the way, they'll still need to convert to fiat befire they can spend their off borders.