Head of Blockchain Marketing, Derek E. Silva 8 December 2023
Liberland is the ideal destination, resonating profoundly with the values and aspirations of cryptocurrency maximalists.
In the world of cryptocurrencies, true believers in blockchains and Web3 technology seek a haven that aligns with their belief in decentralized systems, borderless transactions, and financial sovereignty. Enter Liberland - the ideal destination, resonating profoundly with the values and aspirations of cryptocurrency maximalists.
Currency Freedom and Cryptocurrency Adoption:
In Liberland, e-Residents, citizens and even tourists enjoy the freedom to choose their preferred currency for transactions. This means that we, as cryptocurrency maximalists, can easily use our beloved Bitcoin (BTC), Ethereum (ETH), or any other digital assets to pay for goods and services, without the limitations imposed by conventional legal tender. Liberland's government itself accepts BTC, Bitcoin Cash (BCH), and ETH alongside several fiat currencies.
Absence of Central Bank and Inflation Concerns:
The absence of a Liberland central bank is a boon for us as we seek full financial sovereignty. Concerns about a centralized, unelected entity adding more supply of currency and consequently fuelling inflation are alleviated. This setup aligns perfectly with our maximalist stance on fixed-supply digital currencies, such as Bitcoin, creating a more predictable and stable economic environment. Liberland's own governance and citizenship token, Liberland Merits (LLM), has a fixed supply of 70 million in alignment with this stance.
For more information, read about LLM tokenomics
Transparency via Public Blockchain:
Transparency and accountability are foundational principles in a libertarian state such as Liberland. Here, the state's activities are conducted on a public blockchain, Liberland Blockchain, ensuring that all transactions and activities are visible and verifiable by anyone. This transparent system resonates with our fellow cryptocurrency maximalists’ strong preference for decentralized, trustless networks.
Learn more about Liberland Blockchain here
Treasury Held in Bitcoin:
A unique aspect of Liberland is its treasury management. Embracing the ethos of cryptocurrencies, Liberland holds a significant portion of the treasury in Bitcoin. This strategic move serves as a hedge against the devaluation or inflation of other currencies, echoing the sentiments of cryptocurrency maximalists who view BTC as a store of value.
You can find Liberland’s annual financial reports here
Voluntary Taxes:
Perhaps most appealing to cryptocurrency maximalists is the concept of voluntary taxes. As a citizen of Liberland, voluntary taxes allow cryptocurrency traders to buy, sell, and exchange digital assets for gains without the worry of stringent capital gains taxes. This freedom enables them to engage in the cryptocurrency market without the burden of heavy tax implications, and also for businesses to hold BTC or other volatile assets as a hedge against fiat currencies.
Being a Liberlander, whether as an E-Resident or Citizen, embodies the core values we cherish: freedom of choice, decentralized systems, transparency, and financial autonomy. It offers an environment that embraces the principles of digital currencies, providing a platform for individuals to thrive in a community that resonates with their beliefs.
By choosing to become a citizen of Liberland or conduct business through Liberland, cryptocurrency maximalists find themselves in an ecosystem that mirrors their vision for a decentralized, borderless, and economically stable future.