EscudoNavacense (ESN) is the legal currency of the Grand Duchy of Navassa, therefore, is the first cryptocurrency which is constituted as the national currency of a country.
Navassa is established as an independent state, free and sovereign right; plural and participatory; social, corporate and scientific, structured as a parliamentary constitutional monarchy with democratic institutions. The State of Navassa stands as a Grand Duchy and for all purposes is called the Grand Duchy of Navassa, which, on October 12, 2005, declared the absolute independence of the territory of the island of Navassa of any other power, State or foreign government and confirmed its full sovereignty, based on the established degree by King Carlos I of Spain, by Royal Charter of the July 17, 1543 (Act 8th of Title XV of Book II of the Laws of the Indies), why the creation of the Royal Court and Chancery Real de Santa Fe in the New Kingdom of Granada prepared and determined its administrative and judicial jurisdiction, granting the territory of Navassa to the New Kingdom of Granada. Territory, to the not having been claimed by the Republic of Colombia a shaped turn, could be claimed as a new free, sovereign and independent state based on the gens ius commune and ius.
EscudoNavacense -ESN is the legal tender of the Grand Duchy of Navassa and developed as a digital asset, in this way, the ESN is the first cryptocurrency is issued and guaranteed by a central bank, the Central Bank Navassa reserve (BCRN) and constitutes the first cryptocurrency which is the national currency of a country.
The value set by the BCRN for Navacense Escudo is one hundredth (1/100) of a gram of pure gold, ie fifty US cents (0.5 USD).
A set as the reference currency pure gold, BCRN meant to symbolize the return to the gold standard of the international monetary system. Looking to this, assist in the effort to combat speculative inflation, imbalances of capitalism and inequality in the global distribution of wealth.
Max. Supply: 1 B ESM
Premine: 100 M
Blockreward: 500 ESM
Block Time: 3 min.
POW Rewards: 500 ESM | 100 %
POS Rewards: not available
Masternode Rewards: not available
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