THE KINGDOM OF ST. PENN PROUDLY PRESENTS OUR TOKEN GENERATION EVENT
THE KINGDOM OF ST. PENN PROUDLY PRESENTS
OUR TOKEN GENERATION EVENT
The first two National Currencies from St. Penn’s Digital Central Bank
These are the first of their kind visited on the world, which makes this and other denominations to follow, unique.
Abstract
Your review of all the information provided, of which this Token Generation Event (“TGE”) system forms a part, will confirm that we are the Sovereign Solidarity Nation of the Kingdom of St. Penn (“KSP”). Our constitution was ratified on 30th June 2020 and our Sovereign Certification is by way of a common Law Pure Trust Declaration.
Our TGE system is designed to raise funds to build our nations’ central bank on a decentralised platform and uses the acronym DBDC for: Decentralised Bank Digital Currency. This is to deliberately distinguish our Central Bank, from the plethora of headlines about Central Bank Digital Currencies (CBDC’s), many of which have been promoted as a new innovative way that could assist our modern economy. The reality is that with the structure of central banks, prima facie, anyone expecting existing central banks to present meaningful solutions, to the very same problems that they have created, is rather misinformed. Consequently, as one of the newest nations to be “brought to the market”, our government has elected to use blockchain technology as the architectural structure, for our “Central” bank, but give it the name that represents trust, Decentralised. Our asset backed digital currency will operate as the nation’s national currency and will be generated by the blockchain as a digital asset, ergo Decentralised Bank Digital Currency – DBDC.
