@Bitcoinnwise@nic_carter After the public issuance 50% will be held by the public, 25% held by the country, 15% held by SOV Foundation, and 10% held by SFB Technologies. Currently, 50% of the rights to the SOV are held by the country, 30% held by the SOV Foundation, and 20% held by SFB Technologies.
“The SOV isn’t just a digital form of money. For him, it’s the “future of money” with in-built scarcity, egalitarianism, and UBI.”
https://t.co/dgpGc1qZlf
Today, the Republic of the Marshall Islands announced the first national digital currency, the Marshallese sovereign (SOV), will be built using Algorand’s #blockchain: https://t.co/8fS6adYj2b @SOV_Foundation#digitalmoney#SOV@jpwgnr
The growing popularity of virtual currencies is “digitising” the financial sector. In the last couple of years, several approaches to building a new blockchain-based financial system have emerged. Dr. Peter Dittus takes a closer look. #blockchain#sov
https://t.co/0MdfF69KLn
What makes digital currencies a viable alternative to bill-and-coin currencies? Check out Dr. Peter Dittus’ latest article on the differences – and similarities – between virtual and fiat money. #digitalmoney#fiatmoney#sov
https://t.co/ntMHENNBGR
What’s the next step in the evolution of money? Keep your eyes peeled for digital currencies in the new year. The Marshall Islands leads the way – the country is about to issue the SOV, the world’s first digital legal tender.
Paper money has been king in the Marshall Islands – but its days are numbered. Check out the latest article by Dr. Peter Dittus, in which he shines a light on the reasons for issuing the SOV digital currency and the benefits it entails.
https://t.co/jzxL8EPSKo
An isolated island nation in the Pacific Ocean with a population of about 75,000 continues to break ground in the cryptocurrency space https://t.co/1dTZvaGM9m