A self sucient, collectively owned autonomous island would enable the cryptocurrency community to participate in a circular-economy. Crypto Island would have its own currency and a sustainable economy. Participants will obtain tokens that represent a proportionate share of Crypto Island ownership, where cryptographic tokens will serve as the Island’s offcial currency.
Crypto Island will use proceeds from selling goods and services to buy back XIT tokens from cryptocurrency exchanges. This strategy effectively results in taking tokens out of supply and increasing the value of XIT.
The proceeds of the Island sale in a potential event of liquidation will be distributed to respected holders of XIT. Tokens therefore have an intrinsic value backed by land. XIT token holders will enjoy the beneﬁt of voting rights, directly impacting major decisions regarding Island’s governance, wehere Island will conduct business in line with both investors interests for proﬁts and Island’s vision.
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Establishing a self sufficient, collectively owned autonomous island will enable the cryptocurrency community to participate in a circular-economy while strengthening the position of cryptocurrency with real world implications.
Crypto Island will serve as the world’s go-to meeting place for most prominent cryptocurrency gatherings, leaving a mark in history books. Should the Island be a successful and proﬁtable experiment with a thriving ecosystem, a worldwide expansion will follow with the goal of establishing new cryptocurrency hubs, crypto experiments and crypto start up accelerators.