What is Balkancoin?
Every successful project begins with a great idea, a small amount of money and hundreds of sleepless nights. That is exactly what happened with our project – Balkan coin. We are a group of developers, marketing workers and web developers from the Balkans, which were dedicated to this idea several years ago, but the final realization came at the end of 2017, which on the other hand proved to be a boom year for all other crypto currencies, especially for the Bitcoin, ethereum monero etc.
In the background of this idea, the need of a sophisticated way to connect all people who originate from this part of the world – the Balkan Peninsula, was dragged as a thread. As most people know, the Balkans is a region which is located in the southeastern part of Europe and which in the past was the center of world’s greatest interests, starting with the Crusades, the Balkan Wars, World War I and World War II. The oldest crossroads in the mankind history pass through the Balkan, it is the cradle of the oldest civilizations, and of course, there are many great names that origin from this peninsula, such as Alexander the Great and Nikola Tesla. As a geographical area with such turbulent and significant history, the Balkan has left a trace in the genes of all people who originate from this part of the world.
The Balkan man is probably a combination of the most controversial features of every person (hospitality, cordiality, friendliness, hard work, but also selfishness, belligerence, enraged, vulgarity, low self-esteem etc.). The countries that gravitate in this region are almost without exception led by incompetent people whose only goal in life is to get rich on the back of the citizens, disregarding the basic human freedom and the right of each individual, and that is perhaps the karma of this region remaining from the past.
A man who originates from the Balkan, who possesses these features, can easily adapt to any living conditions in different geographical areas. Therefore, the number of people of this part of the world who are looking for better future is huge, so they quite often decide to leave their homes and seek their existence in other more prosperous countries.
On the other hand, the Balkan man is emotionally attached and committed to his family. He always tries to find a way to help his loved ones who still live in the countries of this region. Tens of billions of dollars are sent each year from “our” people from the more economically developed countries to their close relatives and friends. They have a significant role in reducing the deficit in the economy in almost all Balkan countries through foreign exchange remittance. For example, in Macedonia only, these remittances are approximately 1 billion dollars. All the transactions are carried out through banks or through fast money transfer services. Both of them are quite slow and burdened by large commissions that end up in the bank accounts.
Having this in mind, our idea was born – Balkancoin. Every person from any place on the globe, even broader if it has internet connection, can send a value personified in Balkan coins to any person in the Balkan and anywhere in world (in fact, this is the main goal of the crypto-currency).