- Geography of the Balkan Region
- Nature & Natural Resources
- History of the Balkan Region
- Disadvantages of Many Currencies
- Advantages of Cryptocurrency or Single Currency
- What is Balkanium
- Why balkanium
- Features of Balkanium
- Tokenization Model
- Legal Disclaimer
Cryptocurrency, an encrypted, peer-to-peer network for facilitating digital barter, is a technology developed eight years ago. Bitcoin, the first and most popular cryptocurrency, is paving the way as a disruptive technology to long standing and unchanged financial payment systems that have been in place for many decades..
While cryptocurrencies are not likely to replace traditional fiat currency, they could change the way Internet-connected global markets interact with each other, clearing away barriers surrounding normative national currencies and exchange rates.
Technology advances at a rapid rate, and the success of a given technology is almost solely dictated by the market upon which it seeks to improve.
The purpose of this document is to offer a comprehensive report on Balkanium, a Balkan wide crypto currency that will result in retail everyday use in all Balkan countries region.
The countries lying on Balkan peninsula are said to be Balkan state. This region extended over the edge of European states in the mountain ranges. This is very beautiful place from tourist point of view, rivers mountains, lacks, forest etc. These natural phenomenon makes Balkan region one of the most beautiful region of the world. As it is surrounded by the black sea, Ionian Sea, Adriatic Sea that made it suitable for the trade purpose mountain ranges maintains the weather and moderate climates of Balkan region attracts the tourist of all world on the basis of political and geographical definitions.
The following countries are the part of Balkan region:
• Bosnia and Herzegovina
• Turkey (European part of turkey include just)
Geography of the Balkan Region
The Balkans, or the Balkan Peninsula, is a geographic area in southeastern Europe with various and disputed definitions. The region takes its name from the Balkan Mountains that stretch from the Serbian-Bulgarian border to the Black Sea.
Balkan peninsula has a combined area of about 470,000 square km .it notes that turkey not contain whole in the Balkan state.
The Balkan Peninsula is bordered by the Adriatic Sea on the northwest, the Ionian Sea on the southwest, the Aegean Sea in the south and Southeast, and the Black Sea on the Peninsula is variously defined. The highest point of the Balkans is Mount Musala, 2,925 meters (9,596 ft), in the Rila mountain range.
Balkan region has a great importance for tourist due to its beautyT
Nature and Natural Resources:
A great part of Balkan region contain mountain ranges that runs southeast to northwest. It is surrounded by a number of seas. Rilla is the highest mountain in this region which is 2925m. Oak, beech, spruce, fir and pine’s trees are present this forest which has a great worth in different perspectives. The soil is generally poor not suitable for cultivation due to mountain ranges. Electricity main and essential resource is not present in Balkan region except territory of Kosovo where coal, lead, zinc, chromium and many other natural resources available. The main source of power or electricity is hydro power. They have constructed about 1000 dams on rivers to utilize water. as Balkan has been the least developed part of the Europe.
History of Balkan Region:
Many of the Balkan states had got independence from Ottoman Empire i.e. Greece in 1921 Serbia and Montenegro in1878 Bulgaria in 1908 Albania in 1912. This region remained a meeting point of orthodox Christianity, Islam roman catholic Christianity.
Eastern orthodoxy present greatly there. due to a number of religion many nations cultivated there. this region remained a center for Khilafat E. Osmania. Internal and external stability destroyed in 1929-32 due to economic crisis .to overcome this depression Balkan government adopted three policies or strategies cost reduction Debt Alleviation Market monopolization.
On Currency Criteria, The
Division Are As Follows:
There are two groups of Balkan state on the political, economic and social basis: Former communist. Territories Albania Bosnia and Herzegovina, Bulgaria Croatia Kosovo, Macedonia Montenegro, Romania, Serbia Slovenia Territories with capitalist past. Greece and Turkey. all this Balkan states are inter linked with each other in many aspects that could be political cultural, social, economical and natural etc.
It could be possible to fix one currency in whole Balkan state due to following reason.
• The fluidity of ethnic group,
• the inability of the people of the region to agree and co-operate among themselves,
• a tendency on the part of political authority to develop the local levels and the influence of foreign powers strongly effects on currency adaption.
Disadvantages of Many Currencies.
There are many disadvantages of too many currencies in small region. As Balkan states are very small and pretty, every tourist who visit Balkan region necessarily visit at least two countries. Every country has its unique currency; therefore, it is very necessary for tourist to exchange his or her amount with local currency, it becomes head ache for traveler. Even Locals are constantly traveling between contrives for shopping, business work or family visits. In most of the Balkan counties people cross the borders using simple ID document and this makes life complicated for people during this travel
People in this region usually are not into credit card and they prefer to use cash payment so they have to visit local exchange office.
Share of Individuals with Credit Cards in the Balkan Countries
Number of Smartphone Users in Central and Eastern Europe from
2014 to 2019 (in Millions)
Advantage of Cryptocurrency or Single Currency
When a number of countries agreed on a single currency for their official and for common use it creates harmony in the region and creates a number of benefits for tourists, business class, in short for every person living in that region.
Euro in European union introduced in 1999 and implemented completely in 2001 like our article this agreement was signed between 12 countries. If it could be done in that region; hence it could be possible to fix a common currency in Balkan states. Elimination of exchange rate uncertainty, one of the problem with trading with other countries is that you never know which way the exchange rate will move I may move in your fever but it could equally move against you and end up costing you a lot more this type of un certainty can hinder trade particularly for smaller firms. Single currency gets rid of all this un certainty within the single currency zone and should encourage trade.
A single currency should encourage greater competition as there is great transparency in prices. this should help increase efficiency in firms. Converting between currencies has a cost for individuals and firms, a single currency will remove these costs. Prices in different currencies can be difficult to compare how often do you travel around with a calculator to check the price of something in other country? If everything is in the same currency, price comparison is straight forward .in this way individuals can easily get cheapest products. Single currency in Balkan state will increase inward investment as euro is one of the most significant world currency because it is in use of more than 12 countries.
Cryptocurrency began with Bitcoin in 2008. Upon its introduction, it was merely a white paper with a very novel idea. But it caught on, and has grown from a fledgling idea into a bonafide global phenomenon, making millionaires out of many of its initial supporters along the way. But beyond Bitcoin, and possibly Ethereum, the average person knows very little about the cryptocurrency world, having no idea that there are hundreds of different alternative cryptocurrencies available, and more are being added daily. We are at the start of a cryptocurrency boom that has the potential to change our world dramatically.
Changes in transactions and payment method in the world market has created a new demand for cryptocurrencies much greater than its initial showing. By using a cryptocurrency, users are able to exchange value digitally without third party oversight.
Cryptocurrency works on the theory of solving encryption algorithms to create unique hashes that are finite in number. Combined with a network of computers verifying transactions, users are able to exchange hashes as if exchanging physical currency.
What is Balkanium
Balkanium is a decentralized peer to peer digital coin that is not controlled by any central institutions or governments. It is an open-source platform designed to provide multiple investment opportunities.
Additionally, Balkanium is a Balkan wide cryptocurrency that will result in retail everyday use in all Balkan countries region, where people and goods will flow freely and people will be able to pay with their phones. Users of Balkanium will be able to transfer their balance to other Balkanium users and withdraw from any Balkan wide ATM .
It is a cryptocurrency exchange that will accept all major currencies but also Fiat currencies from the Balkan region.
Balkanium is designed to be a digital currency that can be used to store value and to exchange with anyone with extremely low fees and fast lightning speed transactions.
Balkan wide ATM machines
The right blockchain can be able to provide all these options. At the moment, the most popular platforms offered are NXT, Bitcoin and Ethereum. Each of them have their merits and demerits. The NXT blockchain is the lesser known option. It works by using smart transactions.
However, it is limited in scope and the security offered is not as good as in the Bitcoin or Ethereum blockchains.
The bitcoin blockchain is probably the oldest and most popular blockchain in the industry. However, it has been created as a barebones blockchain mainly developed for wealth storage. As a result, it is not very effective when it comes to payment processing. The transaction speed is too slow for adoption on any offline business. Another serious problem is that it relies on proof-of-work which is very GPU intensive. As a result, wallets need to be held in powerful devices that are sometimes inconvenient to carry.
The other option is using the Ethereum blockchain. This is the most versatile blockchain since it is now based on the proof-of-stake architecture. This allows both scalability and fast transactions. Since it is not GPU dependent, the size of the devices connected can be reduced. It even allows the creation of applications on the Solidity language that can be integrated into the platform. The smart contract feature allows faster transactions. This is the most effective platform for the creation of the desired blockchain network.
As earlier stated, Bitcoin is still the most popular cryptocurrency with 55 percent of the market share. However, the Bit-coin blockchain is a bare-bones blockchain that relies on scripting to add features to the platform. This is a less effective method of introducing new features because it promotes blockchain blindness, value blindness and turning incompleteness.
Additionally, the completion of transaction takes a long time making it ill-equipped for payment processing that requires faster transactions. As a solution to these problems, the Ethereum blockchain was developed as the first genuine altcoin. It is based on a language
However, none of these altcoins has been able to muscle any significant market share from Bitcoin in the industry.
Balkanium seeks to provide a platform that combines the Ethereum ERC-20 Token Standard with the Bitcoin core to allow users to combine the best features of both platforms with little or no problems. Since Balkanium will use the Ethereum Virtual Machine, it will use smart contracts and proof-of-stake to increase the speed of transactions. It will also allow DAPPs to be adopted into the platform with little or no alteration of the code. This will make it easier to introduce new features without relying on scripting.
Features of Balkanium
FAST AND EASY TRANSACTIONS
Balkanium can easily be transferred to anyone in the world with internet connection. Anyone with a Balkanium address can send and received Balkanium coins as an exchange for value.
Although transactions are public and can be seen on the blockchain, the origin or owner of the transaction is completely anonymous unless the owner would want to reveal their identity.
NO TAX, NO INFLATION
Since there is no way for third parties to identify, track, or intercept Balkanium tranactions, sales taxes are not added onto any purchases. Since the Balkanium economic system is based on deflation rather than increasing the supply of currency, Balkanium prices tend to rise while demand is high and the amount of coins still does not increase.
There will only be a maximum supply of 100 million coins which will create a gap between lower supply and higher demand which will ensure the price of Balkanium Coin will always rise.
The purpose of this White Paper is to present the Balkanium project to potential token purchasers in connection with the proposed Balkanium Token Launch (the “Tokens”). The information set forth above may not be exhaustive and does not imply any elements of a contractual relationship. Its sole purpose is to provide relevant and reasonable information to potential Token purchasers in order for them to determine whether to undertake a thorough analysis of the company with the intent of acquiring tokens.
Whilst every effort is made to ensure that statements of facts made in this paper are accurate, all estimates, projections, forecasts, prospects, expressions of opinion and other subjective judgments contained in this paper are based on assumptions considered to be reasonable as of the date of the document in which they are contained and must not be construed as a representation that the matters referred to therein will occur. Any plans, projections or forecasts mentioned in this paper may not be achieved due to multiple risk factors.
No information in this whitepaper should be considered to be business, legal, financial or tax advice. You should consult your own legal, financial, tax or other professional adviser regarding Balkanium coin and their respective businesses and operations.
This whitepaper does not constitute a prospectus or offer document of any sort, and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction. No person is bound to enter into any contract or make a binding legal commitment.
No regulatory authority has examined or approved any of the information set out in this whitepaper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements or rules have been complied with.