I really suggest this coin re-name to "Amsterdam-coin" or "Fryslân-munt" or "Noordzee-Coin"
You can still make it work.... with another name.
Succes kerels.
The main problem with EFL is that only 20 million coins just won't be enough to satisfy the population of any country. That is where most of these country coins fall short and end up being a big scam.
So now 16 million people have 1 coin each, how the hell is that going to work as a currency? lol
Sorry but this actually might be the 1st non scam country coin and I am willing to risk mining power and btc into it.
Based on your calculations this coin will give much less value to citizens than Efl. Just think it over.