LBCOIN the first digital collectors coin

Today marks a landmark moment in the future of digital assets as the Bank of Lithuania releases “LBCoin” the first digital collectors coin. Further exploring the potential of central bank digital currencies (CBDC). This innovation will bring real benefits to society by contributing to future digital solutions.

Congratulations to everyone who have participated in making this vision into reality, and BCCS Cluster member Super How?, who have developed the Blockchain solution.

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Illustration by Rodrigo Domínguez

 

“Two years ago we only had one brave idea. Today we turn a new page in the history of numismatics, further exploring the potential of central bank digital currencies (CBDC). This innovation will bring real benefits to society by contributing to future digital solutions. It is therefore highly symbolic that LBCOIN is dedicated to the signatories of the 1918 Act of Independence – the brave visionaries who laid the foundation for modern-day Lithuania,” said Marius Jurgilas, Member of the Board of the Bank of Lithuania.

The blockchain-based LBCOIN is the world’s first digital collector coin. It consists of six digital tokens and one physical silver collector coin. The Bank of Lithuania will issue 4,000 LBCOINs, i.e. 24,000 digital tokens and 4,000 physical collector coins. The coin is dedicated to the Act of Independence of Lithuania and its 20 signatories. Each token features one of the 20 signatories and belongs to one of the six signatory categories (priests, presidents, diplomats, industrialists, academics, municipal servants) with 4,000 tokens allotted to each category. Having purchased LBCOIN, collectors will get six randomly selected digital tokens which they will be able to exchange for a physical collector coin, store in a dedicated e-wallet on the e-shop, send as a gift, swap with other collectors or transfer to a public NEM wallet. The price of LBCOIN is EUR 99.

More: https://www.lb.lt/en/news/final-step-before-lbcoin-purchase-launch-of-the-e-shop-registration-now-open

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