Financial Freedom and the new Digital Currency - Neapcoin
When an average person suddenly becomes the sovereign leader of a brand new nation, he carries with him the burdens and troubles of hisfellow man. King Jeremiah hopes through his efforts that a different path can be forged in the financial landscape; a path where it is possible for the average person to get ahead in life and have a financially secure future.
Have you ever dreamed of a better way to put your money to work for you? Is the stock market too risky? Do banks simply not pay enough on savings accounts or deposit certificates?
The Kingdom of North Sudan has fully assessed the modern financial landscape and determined that the opportunity that once existed to build a comfortable financial future simply doesn’t exist for the average people any longer. We evaluated the factors that work against the common person and developed a national monetary policy designed to level the playing field.
The first factor is inflation. One dollar or euro earned today will need to be $1.05 the next year to purchase the same goods. Inflation is a hidden tax that was, up until now, unavoidable to the average person. You may draw 2% on a certificate of deposit but inflation grows at 4% making your investment a 2% loss in real dollars. An investor would need to earn more than the inflation rate (in this example 4%) in order to see a real gain in real dollars.
The second factor is usury, the charging of interest on borrowed money. Compounding interest on revolving loans add thousands, sometime hundreds of thousands of dollars in interest, to the borrowers bottom line. It doubles the length of time needed to pay off a home loan and more than doubles the actual amount borrowed. A $100,000 30 year home loan at 6% interest equals $115,000 in interest payments. This makes home ownership and home stability over a 30 year period, without a missed payment, extremely difficult and unrealistic. Every person, no matter how stable and secure, will have a life event over a 30 year window of time that jeopardizes his/her home ownership security. The Kingdom of North Sudan knows there is a better way and has developed a new type of digital currency to overcome these needless problems.
Every nation needs a currency, for North Sudan that currency is digital and is called Neapcoin. What is the Neapcoin?
The Neapcoin is named after the Neap Tide, which is a coastal tidal condition where the least change between high tide and low tide occurs. At its essence Neapcoin seeks to even out the "highs and lows" that create financial boom and bust cycles and provide returns that will continually outpace global inflation.
How will Neapcoin change everything?
The heart of Neapcoin is how the introduction of new currency will always outpace global inflation. The net result is that all assets held in Neapcoin will always remain ahead of inflationary loss. Your money will grow at a predictable pace as dictated by the annual dividend issuance of new Neapcoin.
The Neapcoin new coin issuance approach removes the need to mine digital coins and directly rewards account holders in the method similar to dividends from stock holdings. However, unlike stocks the new coin issuance percentage is guaranteed by the full faith of the North Sudan Government.
Accounts are classified by a ‘first come, first serve’ basis. Upon the release of the currency, the first 15,000 accounts with an opening balance of $200 USD will receive Platinum account status. The first 40,000 accounts with an opening balance of $100 USD will receive Gold account status. The first 100,000 accounts with an opening balance of $50 will receive a Silver account status. The first 1,000,000 accounts with an opening balance of $25 will receive Bronze account status. On the anniversary of each Neapcoin fiscal year 100,000 new Bronze accounts will be offered. On an annual basis these secondary Bronze level accounts will receive a Neapcoin issuance rate of global inflation plus .8%.
Upon initial release the exchange rate will be 1 US dollar (USD) to 1 Neapcoin (NPC). A total of $32 million Neapcoins will be issued upon first release. The Neapcoin exchange will be regulated so that the value of Neapcoin can never fall below an established ratio. This will be the only regulatory control imposed upon the Neapcoin exchange and is designed to create a trading floor that protects the value of the Neapcoin currency.
Neapcoin, like other digital currencies, offers 100% anonymity during all transactions. Neapcoin can go beyond this pledge by offering secure servers, located in the Kingdom, that are free from interference from any privacy violations or inquiry from outside actors. This is private banking at the highest degree.
After the 36 month anniversary of the opening of your Neapcoin account, short-term zero interest loans will be made available at a ratio of 4 NPC to 1 NPC held. This means if you hold $100 Neapcoins, you will be allowed to borrow $400 NPC at zero percent.
The Neapcoin digital currency has an expected release date of early 2016. The release date for Neapcoin will be governed by the construction timetable for the North Sudan Digital Freedom server farm in the capital city of North Sudan. Your monetary contribution to our effort will expedite the construction of the Digital Freedom server farm.
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