Honduras blockchain nation-building is waiting for your participation

Rage Review : Honduras Bit Bastion is a blockchain-based organization. Its purpose is to raise funds through crowdfunding to build an independent and free country. People who buy its token LRT will obtain land in this future country, and the land area will be allocated according to the amount held, with blockchain technology as the law and regulations. Crowdfunding is expected to start in October. This idea should be the boldest idea in the blockchain field at present.

Translation: Annie_Xu

“People are shocked when they hear we’re going to use blockchain to build an independent country,” said Crypto Dawn, founder of Bit Bastion.

Bit Bastion, a “country” that applies blockchain technology regulations, announced the launch of a crowdfunding campaign for the “Land Rights Token” (LRT) at the end of October to create a paradise for libertarians in the free market of the Zone for Employment and Economic Development (ZED). The Economic Development Zone is a new form of government management in Honduras that allows the creation of political entities within the country.

Bit Bastion has been in business for half a year. But the concept of a free state has been in the works for many years.

LRT represents the digital tokens used to acquire land in Bit Bastion, and the corresponding area of ​​land is obtained according to the amount held. Bit Bastion will adopt the Ethereum blockchain technology architecture.

The Bit Bastion official website shows that "if Bit Bastion has 10,000 acres of land and 10,000 LRTs; then 10 LRTs represent ownership of 10 acres of Bit Bastion land."

Investors will spend LRT to choose land, "and then they will receive a land certificate. LRT itself is just a token, and the area of ​​your land is determined according to the proportion of the amount held." Although it has not yet been determined where to purchase real estate, the focus is still on developing countries.

Crypto Dawn said:

"Developing countries have great potential. People always ignore these places because they lack beautiful imagination. However, the data will tell you that the land in these countries can provide a higher return on investment."

People are already paying attention to Bit Bastion, just like other blockchain crowdfunding projects. “People are attracted by the originality of this project, which is a liberal country using blockchain technology.”

Bit Bastion also plans to build an online virtual casino here, and possibly a physical casino. Bit Bastion digital currency holders will receive dividends from the casino's profits.

"Casinos are the most common use case for the Bitcoin ecosystem."

"Many Bitcoin applications could be casinos, as casinos have a high return on investment in this area. Therefore, Bit Bastion will also consider this option."

Bit Bastion does not intend to limit the crowdfunding amount and hopes to determine the land area based on the crowdfunding results.

"We believe in our uniqueness, so we don't set a maximum crowdfunding amount."

"I want people to know that this crowdfunding is for nation-building. We want to create tangible places to live. Compared to other crowdfunding projects in this field, ours is more pragmatic."

He concluded, "A liberal state has always been the dream of many people, and my dream is to realize it."