Lithuania’& rsquo; s main bank, Lietuvos Bankas, revealed on Wednesday that customers would have the ability to utilize the bank and purchase’& rsquo; s commemorative digital tokens, LBcoins, beginning Thursday..
Lithuanian Central Bank’& rsquo; s Commemorative Digital Token Goes Live Thursday.
In an announcement on its website, the bank said it would release 24,000 digital tokens that honor the finalizing of the country'' s Act of Reinstating Independence in 1918.
The launch of LBcoin follows about 2 years of blockchain experiments by the Lithuanian reserve bank. LBcoins, while exchangeable for legal tender, currently seem too advanced for people to really utilize..
According to the bank, the tokens will be divided into 6 classifications, with 4,000 digital tokens provided in each..
In its statement, the reserve bank stated the tokens could be bought and saved on the Bank of Lithuania’& rsquo; s e-shop. Customers would likewise have the ability to move their tokens to a public NEM wallet, exchange them, gift them and even trade them for a silver coin if they can get their hands on among each category.