This European country may hold an ICO and issue its own cryptocurrency

We’ve officially hit peak ICO. Estonia, a small country in Northern Europe, just floated the idea of potentially raising money by issuing a token called “estcoins“.

So why Estonia?

The country is pretty forward thinking when it comes to technology – they are the first nation to offer an e-Residency program. The program is almost like a digital citizenship, and lets participants take advantage of a host of government services, including start a European Union-based company without actually setting foot in the country.

In a medium post today, Kaspar Korjus, the director of Estonia’s e-Residency program, floated the idea of issuing crypto tokens via an initial coin offering (ICO) to raise money for the nation. Without committing to anything just yet, Korjus outlined what he sees a potential ICO looking like, and said the next step may be a white paper outlining the value of the tokens and what the investment would be used for.

The government already is asking for feedback from the technology world, and Ethereum founder Vitalik Buterin is an advisor to the project.

Read full news:
https://techcrunch.com/2017/08/22/this-european-country-may-hold-an-ico-and-issue-its-own-cryptocurrency/amp/