Introduction to the Collector Coin

In a groundbreaking move to embrace both history and modern technology, the Bank of Lithuania has announced a digital collector coin dedicated to the historic Act of Independence, signed on February 16, 1918. Scheduled for release in the spring of 2020, this initiative aims to capture the interest of collectors, history enthusiasts, and the digitally savvy generation.

The Coin Details

This innovative coin, set at the unique denomination of 19.18 euros, cleverly nods to the year of Lithuania’s declaration of independence. Shaped like a credit card, it’s an attractive blend of digital sophistication and historical reverence.

Signatories in Focus

The coin’s design pays homage to the 20 signatories of the Act. Each coin will represent one of them, as part of a total release of 24,000 tokens, neatly categorized into six areas of activity. For every category, 4,000 coins will be made available.

The Blockchain Backbone

The Bank is leveraging blockchain technology to secure the integrity of each of the 24,000 tokens. This decentralized approach ensures that each token not only preserves the legacy of the Act but also represents a step into the future of currency.

How It Works

Upon purchasing a collector token, buyers will randomly receive six tokens. Sounds like a game, right? Once a collector manages to gather one token from each category, they’ll be rewarded—a shiny physical silver coin waiting at the end of their collecting journey!

Engaging the Younger Audience

Marius Jurgilas, a board member of the Bank of Lithuania, shared their intention to draw in a younger audience into the realm of coin collection. By incorporating playful elements into the purchasing process, they hope to spark interest and perhaps, a competitive spirit, in the world of collecting.

Future Implications

This initiative isn’t just about coins; it’s about stepping into the future. As Lithuania’s central bank explores this digital landscape, they’re simultaneously gaining invaluable experience in virtual assets—an area increasingly relevant as crypto-assets gain traction in financial discussions worldwide.

Looking Ahead

The coin project signals just the beginning of Lithuania’s innovative journey. With technology giants like IBM and Tieto in the mix to develop their blockchain platform, the Bank is poised to solidify its place at the forefront of fintech advancements.