Recently a private island is being named after Satoshi Nakamoto, bitcoin creator, in the South Pacific country known as Vanuatu. Satoshi Nakamoto is the name used by the person who created and deployed bitcoin’s original code and authored the bitcoin white paper. The island aims to be soon known as the ‘crypto capital of the world’.
Legal Crypto Paradise In 2023
Finally, after the approval of Vanuatu’s Prime Minister and Finance Minister and years of preparation, the island will now be developed as a real-world crypto economy. A Bitcoin-based destination, Satoshi Island, was conceived in 2017 and will become reality in 2023. Offering futuristic modular homes, the houses in the 32 million square feet destination is under construction. The capacity is holding up to 21,000 crypto investors as residents.
A Community For Investors And Professionals
Owned by Satoshi Island Holdings Limited, the aim is to offer a community in the new Bitcoin City, to all crypto investors and professionals in the cryptocurrency capital. Creating a community for all crypto investors in a volatile market is the main objective. It is imperative that all Satoshi Island NFT residents own their homes fully.
Investors Have Started Applying
With an expense of US$130,000 in the form of NFTs, crypto investors can earn permanent citizenship. In this new Bitcoin city, every transaction is meant to be paid in cryptocurrencies only. It is speculated that about 50,000 investors have already applied for permanent citizenship.
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