The Marshall Islands have taken a significant step in the world of cryptocurrencies by issuing their own national digital currency called Sovereign (SOV). This cryptocurrency was developed with the aim of manifesting the nation's freedom and creating an alternative to the US dollar, which has been the official currency for decades.
The SOV will be issued on the Algorand blockchain, and is expected to circulate alongside the US dollar, becoming legal tender in the country. The issuance of this cryptocurrency will be carried out through an Initial Coin Offering (ICO), with a limited supply of 24 million tokens to avoid inflation.
This move aims not only to diversify the economy of the Marshall Islands but also to provide greater financial independence and attract technological investments to the country.
If you need more information or have any other questions, let me know! 🚀💰📱
