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Blockchain technology is not just speculation: it is seen as the future of contracting, banking and collaboration. Tim Stern, an advocate of this advanced technology, is therefore starting an ambitious project. He is building a crypto city on the Venezuelan island of Isla de Margarita.
The project includes 100 plots of land specifically designed for entrepreneurs and managed through blockchain technologies. The interest is enormous. Almost half of the properties have already been sold or reserved.
Stern describes the Crypto City community as a mastermind in which everyone contributes their vision and takes part in other people’s projects. The city offers a platform for entrepreneurs from various sectors on 100 plots. Within this digitally advanced environment, they work together and benefit from a specially developed DAO and joint ventures.
The heart: A democratic and decentralized organization
The organization and management of the crypto city are carefully planned. At the center is a Decentralized Autonomous Organization (DAO), which serves as the democratic backbone. This structure allows residents to participate in important decisions. From planning infrastructure to implementing projects and new joint ventures.
Residents vote on projects to ensure they meet the needs of the community. The DAO also facilitates resource pooling. It accelerates business ventures and minimizes individual risks while maximizing collective benefits. The DAO also decides on new buyers of land.
New members receive support in all bureaucratic matters. From immigration to integration on Margarita Island, and the opportunity to participate with family.
Stern’s goal is to create a community of like-minded people who work together to achieve entrepreneurial success. The city is scheduled for completion in 2027, with the aim of becoming a center of entrepreneurial activity and economic development.
Find out more about CryptoCity now
These are the most important facts about the crypto city
The following overview presents the most important questions and answers about the project:
What is CryptoCity?
CryptoCity is a groundbreaking project on the Venezuelan island of Isla de Margarita that is the first of its kind to build a complete city based on blockchain technology. This innovative venture aims to create a community of like-minded people who want to live and work in a progressive, decentralized and self-governing environment.
How big is CryptoCity?
The town will be built on 12.8 hectares and will offer 100 lots for custom homes as well as commercial amenities such as a beach club, shopping center and office buildings. The city is governed by a Decentralized Autonomous Organization (CryptoCity DAO), which allows residents to directly participate in decisions affecting their daily lives and community development.
Who is CryptoCity intended for?
CryptoCity is particularly aimed at entrepreneurs and self-employed people who are disappointed by conventional European living and working conditions and are looking for an inclusive and supportive community. The project primarily attracts people from Germany and other European countries, with around 40 people having already purchased properties.
What else does CryptoCity offer?
In addition to living space, CryptoCity offers its residents a variety of amenities that enrich both daily life and business ventures. The city will provide full infrastructure including a modern shopping center and office space to promote dynamic entrepreneurial activity.
How is the island accessible?
Currently, CryptoCity on Isla Margarita is only accessible via flights with a stopover via Caracas, with direct flights to the island from Europe planned later this year. This will significantly improve accessibility and position Margarita Island as an attractive destination for investment and habitat.
What is the future schedule?
The project is currently in its second stage, which includes earthmoving. The total project volume is around 30 million euros, with the infrastructure expected to be completed by 2025 and the residential buildings by the end of 2027.
How does the purchase of a property work?
The purchase process in CryptoCity is exclusive and filtered and includes an interview with Tim Stern, followed by a group vote and a reservation payment. Interested parties can then or beforehand travel to Margarita to complete the purchase. In the first phase, plots cost 100 euros per square meter (the first 33 plots), while in the second phase (up to 66 plots) they now cost 150 euros per square meter. The final phase (until the sale) is 200 euros per square meter.
Is the investment safe?
Investing in CryptoCity not only means being part of a visionary community, but also benefiting from Venezuela’s economic recovery. Despite the previous challenges, the investment is safe due to the stable security situation and the growing economy.
Residents should bring this with them
When selecting potential residents, Stern attaches great importance to a sense of community and professional diversity to ensure broad expertise in the crypto city. Applicants should have sufficient financial resources and be willing to actively participate in the community. A detailed introductory meeting helps to select suitable members for the project.
CryptoCity promises to be more than just a place to live; it is a movement towards a new way of life, supported by the latest technologies and a community that values progress, security and collective success.
As co-founder of CryptoCity, Tim Stern gathers visionary entrepreneurs on Isla de Margarita who are building an autonomous community on the principles of decentralization and transparency. Each member is an active participant in this community, with voting rights and the opportunity to participate in collective investments.
Further information can be found on the project website www.cryptocity.land.
About Tim Stern and the financing of the project
Tim Stern, the young investor behind CryptoCity, is financing the project through a combination of investor rounds and land sales. He assures that Margarita, with its beautiful climate and rapidly recovering economy, is the perfect location for this groundbreaking project.
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