Decenturion: up to $1 mln per year to each citizen. Crazy or Sane?

Decenturion, “the first decentralized state” was launched on the 1st of August, 2018. An ambitious project, although from a particular angle looks like multi-level marketing (MLM) scheme, still might be a game-changer and transform the concept of the state’s governance as we knew it. A current number of Decenturion state citizens is about 250 000 people and its expected to reach one mln by 2019.

Almost too good to be truth the features of its economy are the absence of taxes, various ways for the citizens to earn a great deal of money, performing breezy actions, that support the society’s structure (e.g., attend the local meetup), chances to receive dividends in local companies tokens for less active citizens and vast growth opportunities for startups by sending the application to Decenturion’s accelerator – from attracting funding to drawing the enthusiastic audience for the brand-new projects. For the launch within the new state, projects have to give 50% of tokens to Decenturion’s citizens of as a form of passive income.  The forecasts on the annual amount of passive income for Decenturion citizens, as declared on page 8 of the project’s manifesto is approximately $25,000 and likely higher in the future – up to $1m per year. Decenturion intends to start 300 projects by the end of the year and 3,000 by 2019.

 

The distribution of the first batch of tokens from freshly handpicked startups happened during the last week of August 2018. Those tokens were airdropped by several projects highly-scored by government’s startup accelerator.

The projects shared their cryptocurrencies are the following:

  • 50 mln of tokens (50% of supply) from Crypto Jewelry, “jewelers with an eye toward the future,” a company based in L.A., creating crypto-themed jewelry. The accumulative project’s score is 8.1 out of 10.  
  • 50 mln of tokens (50% of supply) from AskinChat, the messenger for seamless communication between buyers and sellers. The accumulative project’s score is 7.5 out of 10.  
  • 50 mln of tokens (50% of supply) from  FLOGMall, a global e-commerce platform for sellers and buyers who are using cryptocurrency. The accumulative project’s score is 7.5 out of 10.

The initial value for each token is $1USD. Total supply is 100 000 000 of tokens per project and vesting period for team’s part of the supply is 5 years (10% will be unblocked after year one, 15% – after the second year, 20%, 25%, and 30% – after the 3rd, 4th, and 5th year respectively).

Aside from this paradigm, which still has to be examined and adjusted to proof that it’s operating, the team made some moves for scaling Decenturion. One of the significant missions the company considers “helping all states of the world and introduce the technology in the public administration sector.” The first steps were performed on this frontier: Decenturion hosted a unique event for the participants of Blockchain for Impact at the United Nations earlier this year in June 2018. The event brought together more than 300 social innovators and entrepreneurs and caused some noise amongst the right public. At the moment the main aim for Decenturion is “to gain sovereignty and become a permanent member of the UN.”

Apart from that, the government officials are preparing for the second Congress of Decenturion Citizens that will happen on the 13th of September 2018, in Moscow. Among the confirmed guests are Bobby Lee, Co-founder of Bitcoin Foundation, Deng Feiji, the Chairman of China Blockchain Alliance and Helen Disney, the CEO of Unblocked. The first 40 Decenturion’s startups supposedly will be presented during the event.  Top 10 of those will go on the Road Show to Asia in search of additional funding.

Not sure where we stand for with Decenturion, but as long as you don’t risk too much it worth trying to believe that the concept is viable. The worst case scenario – we all will learn a valuable lesson. But in any case, if you have a crypto startup to launch and considering going through an ICO or other fundraising option, it might worth examining the possibility to go through Decenturion Accelerator.  

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Disclosure:

I get paid in tokens to write about this project. However, my approach is to inform the community, not to advertise. Therefore I only post unbiased data about the state of the startup and its major newsworthy achievements (or the other way around).

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Coinjive is a personal blog ran by Ana that aims to bring the most truthful, simple to comprehend, backed by facts and well-researched information. Although, please agree to accept a dash of subjectivity. Coinjive is run by a human after all. For immediate updates follow us on Twitter or Telegram. Reach out with comments, questions, and suggestion at the Contact Us section.

Author:
Ana (@coinjive) has been involved in the crypto industry for more than a year now. She was working for three ICOs (as a PR / and CMO). And prior to dive into the blockchain reality, she served as a Communication manager for big tech and less tech companies (including SAP, Evernote, Avon and, etc.). Currently, she works as a contributor at Future Times and as ICO analyst for a private Israel-based crypto venture capital firm. P.S. please agree to accept a dash of subjectivity. Coinjive is run by a human after all.