Auroracoin Airdrop: Will Iceland Embrace a National Digital Currency?
Auroracoin, the “cryptocurrency for Iceland”, will begin distributing auroracoins to the country's citizens this week, starting tomorrow, 25th March. The distribution, which is being called Airdrop, will send 50% of the total auroracoins in circulation to the country's populace. Icelandic residents that enter their permanent resident ID on auroracoin's official website will receive 31.8 AUR (roughly $385 at press time). The fourth-place digital currency in terms of overall market cap, Auroracoin quickly rose to prominence amongst the myriad new digital currencies for its unique approach to....
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After weeks of anticipation, Iceland's attempted national digital currency auroracoin commenced its Airdrop - the distribution of 31.8 AUR to interested citizens - at midnight local time on 25th March as part of stage one of its three-part launch. With experts weighing in on auroracoin's novel marketing approach, successors adopting its distribution model and speculators hovering for quick gains, auroracoin's moment of truth had seemingly arrived. Opinions were varied as to what the response to its ambitious launch would be, whether Icelanders would embrace the currency, ignore it or....
Auroracoin, dubbed 'a cryptocurrency for Iceland', has reached 10% of its total 'Airdrop' distribution goal. Although news about the digital currency has been quiet since its nationwide dissemination, the project will soon launch a gateway that will better integrate with the country's ID system in order to streamline the process via which Icelandic residents obtain auroracoin. Furthermore, recent developers suggest that the altcoin is quietly increasing awareness about Icelandic monetary policy, and generating new discussions about the role digital currencies can play in the country's....
Vice Motherboard released a short documentary and accompanying article on Icelandic cryptocurrency Auroracoin. The film, titled The New Currency at the End of the World, runs about 15 minutes, and follows cryptocurrency advocate Mikjall Hannes as he investigates Auroracoin in Iceland. It includes Pétur Árnason, chairman of the Auroracoin Foundation, outlining his vision for spreading the currency to the people, as well as its main reason for existing: to give the people of Iceland an escape from their current wealth-bleeding financial system. First major coverage outside of Iceland since....
Resurgent regional cryptocurrency Auroracoin debuted Iceland’s first-ever cryptocurrency exchange, ISX, allowing the people of Iceland to trade Auroracoin and krona. This week, the Auroracoin Foundation debuted ISX.is, Iceland’s first cryptocurrency exchange. ISX allows the citizens of Iceland to trade króna for cryptocurrency, in this case Auroracoin. Amid a renewed set of financial scandals in Iceland exposed by the Panama Papers, Auroracoin has made a comeback. For the last year, the Auroracoin Foundation has made significant adoption pushes including a brand awareness advertising....
The financial crisis of 2008 bankrupted the tiny country of Iceland, and a few years later a digital currency called Auroracoin was released to all residents as a way to change how they approached money. Many saw it as potentially becoming the first national digital currency, but it never reached its full potential. Now, renewed interest in Auroracoin is putting it back into the minds of those in the crypto world. The financial crisis of 2008 led us into what has been called “the Great Recession.” The crisis was felt worldwide, including by the small, but beautiful country of Iceland....