El Salvador with an original idea. Rise of Bitcoin City

Bitcoin City in El Salvador would be built in the La Union region in the east of the country. The new city would get its electricity from the Conchagua volcano. – It is a fully ecological city that will be powered by a volcano – said President Bukele, quoted by the Reuters agency.

Invest here and earn as much money as you want – the President of El Salvador tempted potential Bitcoin City investors.

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See also: Bitcoin and energy consumption. A disturbing discovery by scientists

Bitcoin City. The first such city in the world is to be built in El Salvador

As the tvn24.pl portal writes, half of the VAT would be used for financing bonds that are to be a source of funds for the construction of the city. The other half of the VAT paid by residents would go to pay for utilities such as waste disposal.

President Bukele estimated the value of the public infrastructure in Bitcoin City at around 300,000. bitcoins.

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Bitcoin City is to have its own airport, housing estates, office centers, as well as the main square – the latter is to look like a bitcoin symbol from a bird’s eye view.

The President of El Salvador compares the new venture to the founding of Alexandria by Alexander the Great. The first bonds for the construction of Bitcoin City El Salvador are to be issued in 2022. The first issue is to be worth $ 1 billion.

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About Eric Wilson

The variety offered by video games never ceases to amaze him. He loves OutRun's drifting as well as the contemplative walks of Dear Esther. Immersing himself in other worlds is an incomparable feeling for him: he understood it by playing for the first time in Shenmue.

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