Copy link
Increase text size
Decrease text size
Link copied

Bank of Lithuania to issue blockchain-based digital collector coins

Tue, 21 Jan 2020, 07:28 am UTC

The Bank of Lithuania, the country’s central bank, has announced its plans to issue blockchain-based digital collector coins.

The bank’s board has approved the sample of the physical version of the digital collector coin – an original silver coin bearing a denomination of €19.18, commemorating the year of the Act of Independence of Lithuania.

According to a press release, the silver coin weighs 36.36 g. Its size and form resembles a credit card, depicting the Act of 16 February 1918 as well as a digitised picture of the Council of Lithuania.

The central bank said that it intends to issue 24,000 blockchain-based digital collector tokens, called LBCOIN.

“LBCOIN is the world’s first blockchain-based digital collector coin created by the Bank of Lithuania. By implementing this unique idea, the central bank seeks to gain invaluable experience and knowledge in the field of virtual assets,” the Bank of Lithuania said.

Each digital token will feature one of the 20 signatories of the Act of Independence. Depending on their occupation, the tokens will be divided into six categories with 4,000 tokens allotted to each group.

When purchasing the digital coin, collectors will get six randomly selected digital tokens. Once a token from each of the six categories is collected, collectors would be able to redeem a physical silver coin.

The tokens will be available for purchase and storage in a dedicated wallet at the central bank’s e-shop. They could be used as a gift, exchanged with other collectors or transferred to a public NEM wallet. The digital collector coin is expected to be issued in spring 2020.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (btc) $56,678.00 (+4.28%)
  • Ethereum (eth) $3,408.76 (+4.26%)
  • Binance Coin (bnb) $639.02 (+2.15%)
  • Dogecoin (doge) $0.585894 (-13.07%)
  • XRP (xrp) $1.61 (+13.69%)
  • Bitcoin (btc) $56,678.00 (+4.28%)
May 6, 2021 (Thursday)
02:30
Crypto Market Sentiment On May 06: Market In "Greed"
May 5, 2021 (Wednesday)
10:55
BTC Surges by 1.0% Within 5 Mins, Marking 55,805.6 USDT
May 4, 2021 (Tuesday)
23:49
BTC Drops by 1.01% Within 5 Mins, Marking 53,401.81 USDT
18:42
BTC Surges by 1.02% Within 5 Mins, Marking 54,642.47 USDT
14:37
BTC Drops by 1.38% Within 5 Mins, Marking 54,500.01 USDT
14:30
BTC Drops by 1.66% Within 5 Mins, Marking 55,268.1 USDT
00:52
BTC Drops by 1.51% Within 5 Mins, Marking 55,892.58 USDT
May 3, 2021 (Monday)
20:36
BTC Drops by 1.14% Within 5 Mins, Marking 56,646.7 USDT
13:51
BTC Drops by 1.22% Within 5 Mins, Marking 57,468.02 USDT
07:32
BTC Surges by 1.06% Within 5 Mins, Marking 58,600.82 USDT
01:41
BTC Surges by 1.0% Within 5 Mins, Marking 58,266.9 USDT
May 2, 2021 (Sunday)
03:40
BTC Drops by 1.09% Within 5 Mins, Marking 56,520 USDT
Apr 30, 2021 (Friday)
20:06
BTC Drops by 1.06% Within 5 Mins, Marking 56,424.32 USDT
10:00
XRP Tops List Of Crypto Net Inflow With $132.86 Mln In Past 18 Hours
04:39
TriumphX, NFT Marketplace Sole-X Beta Version Launched
02:02
Data Summary Of Boboo.com's Perpetual Contract: April 30
02:00
BTC Tops List Of Crypto Net Outflow With $203.08 Mln In Past 10 Hours
00:30
BTC Surges by 1.15% Within 5 Mins, Marking 53,749.11 USDT
Apr 29, 2021 (Thursday)
20:21
BTC Surges by 1.14% Within 5 Mins, Marking 53,070.31 USDT
18:06
BTC Surges by 1.06% Within 5 Mins, Marking 52,646.31 USDT
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft