Topic: A small village strengthening it's Economy by cryptocurrencies. (Read 643 times)

There's no need to launch an ICO just to strengthen their village by gaining funds from it. Japan is a crypto loving country and it has shown on how it is very well helpful to the economy.
AFAIK they have already monacoin for their altcoin and bitcoin as main cryptocurrency. What if all small villages in Japan do the same thing? they will just add to crowded initial coin offerings that will only generate worthless tokens. Most of them will still rely to bitcoin after ICO for sure.

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.

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

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

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.

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.

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.

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.

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

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.

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