The Marshall Islands are about to pre-sell their national cryptocurrency called the Marshall Sovereign (SOV). Anyone can participate in the sale.
Minister of the country David Paul said at a conference organized by CoinDesk that he can buy cryptocurrency everyone. To do this, you only need to register on the SOV website.
However, for now, pre-sale participants will receive only an instrument called Temporary Monetary Issue (TRMI). When the state releases SOV, owners will be able to exchange TRMI for cryptocurrency in a 1 to 1 ratio.
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- The Marshall Islands are still developing a national cryptocurrency. According to Paul, it will appear in the next 18-24 months
- Paul says pre-sale is needed to determine market interest in such an asset
- The Marshall Islands is the first country in the world to open a pre-sale of its national cryptocurrency
Editor: Alyona Nabok