Liberstad In Norway To Become First Private City Using Cryptocurrency

What Is Liberstad?

Liberstad is a project that has been established since June 1st, 2017. The project aims to create a private city in Norway, with great emphasis placed on the philosophy that human interactions should be voluntary. Based on the information provided, over 100 investors from 27 countries have contributed to bringing Liberstad to life. Why create a private city? How will this benefit the mass population? Let’s start by digging deeper into the idea behind Liberstad.

What Is A Private City?

A private city is one that is owned and operated by individuals who have invested in it. They are also responsible for providing the basic services needed to run the city along with promoting survival.

Things To Do In Liberstad Norway

According to the masterminds of the Liberstad project, a wide range of activities are possible including camping, cabins, concerts, summer camp, internal markets, and the potential to move to the city. Clearly, this project focuses greatly on incorporating the several factors that many consider essential, in order to encourage one to move there.

How To Contribute

Those who are interested in owning a piece of land, either residents or foreigners, can do so. The accepted medium of payment involves cryptocurrencies, mainly, Bitcoin, Litecoin, Dash, Ethereum, Ethereum Classic, Ripple, Dogecoin, Bitcoin Cash, Bitcoin Gold, PIVX, Monero, Verge, Bitconnect, and Zencash to name the least.

Investment Opportunities

The amount of land one can purchase is limited, as the minimum per person is 1000 square feet, and the maximum, 5000 square feet. According to the claims made, depending on the size of land, one can expect to invest anywhere between 25,000 and 100,000USD. To buy a house or cabin, one will have the option to discuss with other suppliers or do so on their own after the rezoning process has been complete.

Private City Liberstad Is First To Use Crypto Conclusion

Overall, the idea behind Liberstad seems ideal, as it appears to give back control to the people involved. If one purchases a piece of land, he or she decides how to manage their property, which is great, as it promotes increased affordability for each individual as well. The fact that initial investments are done through cryptocurrency, not only shows an advancement in their part, but the possible changes in traditional fiat money altogether.

Although we are told of the several activities one can do, including moving there, nothing related to future jobs and its economy has been mentioned as of yet. Since rezoning is said to take two to three years, the wait for more details regarding life in Liberstad will have to continue. For more information, check out:

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