Maxim Golosnoy presented a new format of cryptocurrency experiment, which for the Worlds’ first time will be implemented in Ukraine. The investor bought cryptocurrency for every resident of Ukraine, with no mutual obligations. And he hopes that the project will help to unite the citizens.
Maxim Golosnoy explained the details of the cryptocurrency experiment at a press conference in the Informator press center.
Maxim Golosnoy bought 45 million cryptocurrency tokens for $700. 45 million tokens of mock cryptocurrency Shiba, which positions itself as a Dogecoin killer. It has risen 900% in the last 2 weeks. This will be the first asset in the cryptocurrency of the ukrainians. In total, there will be about 4 such assets in the experiment that will last 3 years. During this time, the value of Shiba should exceed 1 cent. This means that the entire portfolio will be worth more than $450 thousand. And Ukrainians will have to decide for themselves what to spend that money on. “I would be happy if the price of this currency reached $1. Then there would be an amount that would make it possible to seriously influence the situation and make people understand the importance of joining efforts,” said Maxim Golosnoy.
In case the investor’s calculations are not justified, nothing will simply change for Ukrainians. After all, it does not require any guarantees from the future Shiba owners.
Maxim Golosnoy explained the reason for his action as follows: “I do not want to emigrate to a better country, I want my country to become a better one. Whether we want it or not, cryptocurrency enters our lives. But those in power suggest that we count pennies, think about how to get out to earn money, and watch old-fashioned officials declare their wealth in cryptocurrency. Back in 2018 I said, but no one heard me, that amid the emergence of Ethereum cryptocurrency, which at the start of this project was worth $5, and today $3,000 to $4,000, the state or some patron bought for every Ukrainian this cryptocurrency. If at one time, when Bitcoin cost a penny, someone had thought to buy a token for every Ukrainian, today we would thank this person. I don’t like it very much that in modern Ukraine parents raise money for their child’s treatment through the media, while old-fashioned officials stagger their assets, including cryptocurrency assets, in their declarations. This is absurd! After all, according to the Constitution of Ukraine, human life and health is the highest value.”
According to Maxim Golosnoy, there is a correction in the cryptocurrency market. Bitcoin is decreasing in price and pulling all altcoins with it. “It’s going to be a social investment. I will be very interested to see how they will affect society. This is solely my initiative, I can afford it. I’m interested in laying the foundation for Ukraine’s cryptocurrency budget,” he said.
The cryptocurrency experiment is designed for non-indifferent part of the society. For example, on those who actively participate in the Participation Budget. Everyone who wants to take part in the experiment will do so. They will vote on what to spend the collective asset on, using technology that is used today to implement participation budgets in cities.
“I’m not asking anyone for permission, it’s a reflection of the actions of the old-format officials. They don’t ask us when they raise utility rates, when they pry into our wallets to take something. It’s not like I’m asking permission to put something in there,” said Maxim Golosnoy.
The Shiba project emerged in August 2020. Ethereum cryptocurrency creator Vitalik Buterin donated 500 ETH and over 50 trillion SHIB (Shiba Inu) memcoins – about $1.14 billion at the time of the transaction – to the COVID-Crypto Relief fund for India. The transaction caused panic among some investors, dropping the price of SHIB by more than 35% overnight. It was at this moment of falling prices that the crypto-asset was acquired by Maxim Golosnoy.
“It doesn’t matter how much a cryptocurrency is worth today. What matters is how much it will be worth tomorrow. This potential should be used for the benefit of people,” he said.
Recall that two brothers, Tommy and James, recently gave an interview to CNN, telling that they woke up the morning of April 17 as millionaires. The brothers, who invested their money in late February, received life-changing assets less than two months later. That said, Maxim Golosnoy does not encourage anyone to invest their savings in cryptocurrency. “You should not take risks in a field in which you do not understand. I do not advertise any cryptocurrency,” he says.
In 2015, Maxim Golosnoy was elected village head of Elizavetovka. In 2020, Elizavetovka residents received one million hryvnias as dividends from the cryptocurrency account of the village community. As village head of Elizavetovka, Maksym Golosnoy was able to generate more than 1.2 million hryvnias from his $534 vacation pay, which he distributed to members of the territorial community as part of a cryptocurrency experiment.
“It was interesting to see how people disposed of this money. Having received 100 hryvnias each, they joined together and used the money to repair some infrastructure objects. When they got 500 hryvnias, everyone kept it for himself,” said Maxim Golosnoy.
In addition, a unique mural depicting Queen Elizabeth II of Great Britain was created for the funds received as part of the crypto-experiment. At the beginning of 2020, the cryptocurrency assets were used to buy modern masks made in Japan. They were provided to all employees of the local hospital, kindergarten and all teachers of Elizavetovka.
Recently there was an action of stocking the Dnieper sturgeon, which angered old-format officials.
“In 2018, I talked about the cryptocurrency Cardano. Then many people laughed: where is the village and where is Cardano! It’s worth three cents! Today, three years later, that currency is worth $2. School graduates in Elizavetovka received cryptocurrency worth 200 hryvnias as part of an experiment. Many laughed at this amount. Today every graduate of this school has $200 worth of cryptocurrency. I expect there will be $300 and a thousand dollars each. They all decide together how to dispose of that resource. A decision that was voted on by at least 51% of crypto-asset holders is being implemented. I hope to repeat this experience at the national level as well. 51% of Ukrainians who will register on the platform will be able to decide how to dispose of the asset,” – said Maxim Golosnoy.
The new cryptocurrency experiment will differ from the one that took place in Elizavetovka by the fact that this time Maxim Golosnoy will not be engaged in trading. The village’s crypto assets consisted of a basket of currencies. In this case, the investor simply bought a certain number of tokens and waits to see how their price changes.
Maxim Golosnoy is preparing a platform that will show online the amount of cryptocurrency and changes in its value. In parallel, Maxim Golosnoy is preparing a cryptocurrency experiment for certain cities: Dnipro, Kamenskoye and Novomoskovsk. “Cryptocurrency will be purchased for them, which is more integrated into the real economy. By the example of these cities, we will see how people can negotiate.”
There are already people willing to join this experiment as investors in different cities. So we are looking forward to the results.