Faced with a world that is always going faster but above all going worse, the nation-state of the Principality of Seborga is proposing to establish a genuine digital economy in a sustainable manner with a completely innovative electronic currency as its vehicle. After Brazil, the idea would be to continue the deployment on the African continent.
This most modern reality would make it possible, in partnership with all African countries, to strengthen their economy, provide support to states weakened by Covid 19 and allow the continent’s micronations to have a real economic structure.
Contribute to the economic development of the African continent
In the eyes of the government of the Principality of Seborga, it is the economic future of certain states that is at stake on this issue, both domestically and internationally.
The specificity of this new player in our world, the nation-state of the Principality of Seborga, lies in its supranational sovereign digital currency, a completely dematerialized tool which should be a unique means for African States to assert their internal monetary policy. and inter-State exchanges, at a time when Africa takes a preponderant place in the world and uses modern means in terms of technology.
The nation-state of the Principality of Seborga, with the support and expertise of its institutional partner, the “National Institute of Public Policy Excellence” (INEPP), a civil institute of public interest approved by the Brazilian federal government, proposes to » establish and contribute to their digital economy from the authorized native Blockchain of the Principality of Seborga, endowed with POP (Proof of Participation), payment programs, decentralized transfers and the exploitation of its digital currency, the LuiginoCoin, legal tender and for internal and external use.
The nation-state, represented by His Highness Nicolas 1st, Sovereign Prince of the Principality of Seborga, committed to the United Nations 2030 Sustainable Development Goals, also offers to support the local banking and financial sector with the experience of Open Bank and national and foreign Fintechs and CryptoTechs platforms aimed at stabilizing and strengthening the economies and finances of countries, based on a new monetary policy with supranational characteristics and exchangeable with any other currency having legal tender in sovereign countries, in addition of a self-regulated coexistence with other cryptocurrencies or digital assets in circulation with liquidity to perform operations around the world.
LuiginoCoin: a unique official currency
How can this Principality, emerging as a micro-nation, propose this new model for carrying out all financial transactions?
The official digital currency of the Principality of Seborga, LuiginoCoin, has the innovative feature of using an algorithm allowing mining with a very low carbon footprint. Indeed, the originality of its operation, based on an eco-contribution, allows the natural capture of a global network of simple computer processors CPU but also those of the latest generations « multi-core » of the GPU type, equipping the set of global computers.
When the mining of conventional crypto-currencies is deemed to be very energy intensive using very powerful and complex administration servers, thus excluding its access to the general public, that of LuiginoCoin uses a computer process intended for any public that exploits the processor of a simple computer, at the rate of about 30 seconds every 4 minutes for hardly more energy consumed than when this one stays on in standby. This new model of the world economy is now fully ready for implementation. This is how, for the past few months, the government of the nation-state of the Principality of Seborga has made all its expertise available to African countries by increasing contacts at the highest level.