Re: A small village strengthening it's Economy by cryptocurrencies.

A small japanese village named, Nishiawakura is making their economy much more beneficial with the help of cryptocurrencies by launching a Initial Coin Offering. I think it is a best way to help some small villages to grow up with really good profits and also it might bring the cryptocurrencies some more close to legalisation.

The village is home of approximately 1500 villagers and and they unveiled their plans to launch a regional initial coin offering.
Report by coindesk https://www.coindesk.com/japanese-village-to-launch-nations-first-municipal-ico/

This is a perfect head start and i hope that several such villages can soon adapt this strategy to strengthen their economy

I hope that they at least have something interesting that they're going to do with their ICO instead of just kicking another shitcoin into the market. It's starting to get boring when it seems like every second coin is just some copy-paste under a different name. At least make it something interesting in the sense that it relates to their local industries - meaning forestry, according to the article. It doesn't have to be fancy, just something better than a general token that'll be forgotten about.

That is the idea indeed. Because I really do not see the point of an ICO without having something succinct to do with it. Although, not much detail was given in the article, but in the end, I will actually love to see how this would play out.

This is a bit new to me though, with a small village trying to strengthen its economy with crowd funding, but at the end, it is all about how they intend to manage the funds, what they intend to use it for, the part of the sector in the village they wish to use it to strengthen or at the end like you have mentioned, it won't just be another shit coin or token in the market.

I am a little bit disappointed they are going to do it the ICO way, I think cryptocurrencies are really beneficial to the economy at every level as a complementary/different money than fiat and I think there are so many different ways they could have introduced crypto like an airdrop for citizens, establishing partnership between established cryptocurrencies and small businesses/shops there, facilitating payment with crypto for local taxes and for everything in this local economy... But well, I wish them success however, as they are among the first to try it, who knows Cheesy