Sentences with word «estcoin»

This week Kaspar Korjus, director of the e-Residency program, proposed the idea of a tokenized fundraising campaign with an Estonian cryptocurrency called Estcoins.
As digital coins continue to dominate tech headlines, Estonia is on the verge of launching its own national cryptocurrency known as estcoin.
When Estonia's e-residency program published a blog post first proposing estcoin, it saw a spike in applications to the program, mostly due to entrepreneurs hoping to easily launch an ICO.
The ICO proceeds of Estcoins shall be earmarked against «the development of [Estonia's] digital nation» by making its e-residency programme, «the best opinion globally for launching a trusted ICO.»
After the Venezuelan Petro backed by oil barrels, it is time for Estonia to come up with its indigenous crypto Estcoins.
In December, Estonia's e-Residency program announced plans to launch estcoin to «raise money and support for the development of our digital nation.»
Estonia as a government has been friendly to the idea of virtual currency adoption — it even proposes to issue its own Ethereum token — called estcoin — in an ICO to accelerate and facilitate investment and startup activity in the country.
The cryptocurrency, called «estcoin,» could be launched via the digital coin community's version of crowdfunding — an initial coin offering (ICO).
Vitalik Buterin, who founded the blockchain network Ethereum in 2014, is a keen backer of Estonia's digital innovations and has provided feedback on its estcoin proposal, Korjus said.
«Additionally if these estcoins are issued on top of a blockchain (they could possibly be issued in multiple formats at the same time, nothing wrong with this) then it would become easy and convenient to use them inside of smart contracts and other applications,» Buterin said in his blog post.
«Estonia could offers «Estcoins» to residents which would be managed by the Republic of Estonia but can be accessed by anyone via the e-residency program.»
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Estonia's own cryptocucurrency named «Estcoins» for being put to use by Estonian e-residents across the globe conducting business over internet medium has been hogging the limelight since the last few days.
This past August, Estonia stated that they would be forming their own state - backed digital asset, which they would call «estcoin
The estcoin is tentatively planned to go on sale in 2018 to raise money for the country's e-residency program, and it is part of a wider strategy to make Estonia a hotbed for ICOs.
CNBC reported in August that ideas for the «estcoin» were being mulled over with input from Ethereum founder Vitalek Buterin.
Because they were so advanced in their blockchain tech, Estonia was considering adopting their own e-currency earlier in the year («estcoin»).
Draghi made it abundantly clear that the ECB does not recognize the «estcoin,» stating that no member state can issue its own currency, even digitally.
The Estcoins would have its initial coin offering (ICO) persuaded by the central bank.
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