A new crypto city is being born, from beneath seas, and you can now own a piece.
It promises a fresh start on a floating community by 2020. (Watch Video below)
The ICO sale is on for Varyon (VAR), the floating island’s crypto, a project by Blue Frontiers which has signed an MOU with French Polynesia, where an independent government complete with its own digital currency and a regulatory system as fluid as the surrounding tides and currents.
Blue Frontiers says on its site that “Too much centralized authority leads to inefficient bureaucracies and representatives disconnected from the people they are meant to serve. Given a suitable technological solution, governments are ripe for decentralization. That technological solution is seasteading.”
Bitcoin.com explains how the book Seasteading: How Floating Nations Will Restore the Environment, Enrich the Poor, Cure the Sick, and Liberate Humanity from Politicians (Free Press, 2017) caused an immediate media sensation.
The plan is to be in Tahiti in 2018 to begin the development of the floating island pilot project. The city would be composed of modular platforms – either 50 x 50 meter squares, or pentagons with 50 meter sides.
Squares and pentagons can be connected and arranged in numerous branch like structures. Squares are estimated to cost approximately $15 million each. This is equivalent $393 per square foot of gross space.
But since 20% of each platform is reserved for open/green space, issuable space would cost $504 per square foot ($5425/square meter).
Reinforced concrete was chosen as the construction material of choice for its price and durability. Concrete structures would be molded into sturdy hollow boxes, or “caissons”.
Modules would support three story buildings.
The design takes into account apartments, terraced housing, office space, and hotels.
This concept is based on 11 modules, which could host 225-300 full-time residents when combined, with an additional 50 hotel beds. The total projected cost would therefore be approximately $167 million.
The VAR ICO
Varyon (VAR) via the Ethereum chain (1 ETH = 14,750 VAR), ERC-20 token, “is a general purpose payment token for the exchange of goods and services in the Blue Frontiers ecosystem, other ecosystems, and between token holders. Blue Frontiers is planning to use the proceeds of the sale to expand its ecosystem and create Seazones and seasteads, and will only accept Varyon (VAR) for its products and services,” Blue Frontiers claims.
“Blue Frontiers plans to prototype the first seastead with funds raised from the Varyon (VAR) Crowdsale, and to fund additional seasteads through sales,” the project continues. Accoringto Bitcoin.com.
Blue Frontiers says the ICO presale is available today for the first 4,000 ETH with bonuses from 5% to 15%. The public sale will take place in June. There will not be bonuses in the public sale.
Distribution is 4-28% in Public sale, 7-8% Presale, 5-6% Blue Frontiers seed funders, 10-15% Blue Frontiers team, and 45-72% to the project itself.
Dream or real?
“Seasteading brings decentralization beyond the digital world of bits and into the world of atoms by providing modular, floating structures – seasteads – on which the evolution of new societies and forms of governance can occur,” Blue Frontiers asserts.
“Promising solutions can branch off at any time by physically separating to create new seasteads – enabling a high level of evolvability and quick rate of adaptation. Mimicking nature’s time-tested method of variation and selection, the process of decentralizing governance through seasteading will spark the creation and evolution of new advancements in civilization.”
BItnewstoday confirmed that Blue Frontiers promises to launch an initial coin offering (ICO) dedicated to the new cryptocurrency called Varyon.
“Sea cities have been talked about since at least 1980s, but most projects never leave the pages of popular science journals. Objectively, there is currently no solid reason to believe in the success of Blue Frontiers endeavor, but same was once said about inventions which form our current way of life,” added Bitnewstoday.
“However, Bitnewstoday has received information regarding the cooperation of the token coders from Cindicator and Blue Frontiers, which give more chances for this ICO to become successful. Cindicator co-founder and CTO Yuri Lobyntsev is now in the board of advisors of Blue Frontiers.”
Watch the video here