Topic: Kolion - project to create a base in Kolionovo (Read 1805 times)

Article about this in the April 22, 2018 Wall St. journal. Seems to be back up and running with the creator out of jail.
He is trying to expand the geographic area where it is used.

This makes a strong case for use of crypto as a local currency for the under and un-banked.
Not sure it has much chance of increasing in value beyond standard inflation though

What is Kolion Coin?
The project behind Kolion Coin aims to use the local economy model and test it on a large scale.
Read More https://www.geekxplore.com/what-is-kolion-coin.html

Hi!

Where is it situated?

Russian government is wary of all cryptocurrency.
But I have this coin is not credible

The currency gained notoriety after the creator of the currency, Mikhail Shlyapnikov, was arrested and the kolion was declared illegal tender in Russia.

Sources: https://en.wikipedia.org/wiki/Kolion http://www.bbc.com/news/blogs-news-from-elsewhere-33024081

What about this?

No

I looked up kolion, didn't the Russian government declare it illegal?

Set a time limit:
February 1 .. February 28 - preliminary application fees
March 1 .. March 31 - ICO

Russian https://bitcointalksearch.org/topic/--1761011

Where reading about it on russian btt topic ?

https://youtu.be/frRVvpaHb14

Hello. Surely you know Mikhail Shlyapnikov and "The Case of the Kolionah" when was the court for the issuance of trade passes. I myself would have on the four sessions of the court, and now I can say with confidence that the usual financial system does not work for the benefit of the real economy. In general, I hasten to tell you about a project that we intend to launch in the near future. Namely collecting investment to build the recreation center and production base Kolionovo.

The bottom line is that fundraising is done as an investment is not a startup, but most real production. It is assumed that for every dollar invested, the investor will receive a token Kolion. The emphasis is not placed on high yield. The main thing - stability and protection. To this end, each Kolion 100% provides a product farmer's Island Kolionovo under the sole responsibility of Mikhail Shlyapnikov. Tokens Kolion will be issued in Waves environment. It is assumed gradual repurchase tokens on the stock exchange at a cost based on the growth of 5% per annum. Although the preliminary estimates of the profitability of the enterprise may be 30% per annum or more.

Total expected to issue 1 million tokens Kolion with an initial sale price of $1. The minimum amount for the implementation of the project on preliminary estimates = $500'000. Optimally = $0.7..$1 million.

If something goes wrong, the tokens can be exchanged for products (eggs, geese, trees) and services (take a steam bath, eat barbecue, etc.). Price list is being prepared. Related: a dozen eggs = 2 Kolion, Christmas Goose 5 kg = 60 Kolion etc. I note that farm products have a very different taste and quality as compared to the store and be cheap in any way can not. If we compare the price, it should be compared with products with similar properties. In the most extreme case, collateral can be plants (totaling about $170'000), and machinery (tractor, etc.).

Note that this preliminary description and it is likely to change. Preliminary description posted here:
https://libre.life/kolionovo/en

Russian https://bitcointalksearch.org/topic/--1761011