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The Central Bank of Lithuania intends to release the world’s first collectible cryptocoin, according to a press release from the regulator. The coin will be created using blockchain technology or its analogues.

 

The coin will be timed to the 100th anniversary of the Lithuanian statehood. As noted in the press release, thus, Lithuania wants to show that it is a “progressive and innovation oriented” country.

 

To select a specific technology and develop specific solutions, the Central Bank of Lithuania will host a hackathon, which will bring together IT professionals from around the world. The event will be held in May.

 

The Central Bank of Lithuania has been showing great interest in cryptocurrencies and technologies behind them throughout the year. In particular, by 2019 it is planned to create a blockchain project LBChain, whose goal is to support Lithuanian companies in developing appropriate technological solutions.

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Though the crypto market is still relatively new and lacks many of the traditional institutions of a civilized market, there are projects on the market that seek to indemnify or mitigate the associated risks that investors take when deciding to invest in projects. Cryptics is one such project that seeks to offer the necessary instruments for alleviating the situation with uncertainty. The concept behind it is to support market participants by providing liquidity on exchanges and a safety cushion for retail investors by creating a platform that connects market players and develops algorithms to predict changes in the value of cryptocurrencies. Such instruments based on highly advanced scoring models involving machine learning and AI are incomparable with human intuition that even the luckiest and most prudent investors could ever be endowed with. The multitude of factors involved in predicting a cryptocurrency’s rise or fall are all taken into account by the algorithms that Cryptics employs. Investors should consult such projects as the expense is well worth the ensured profit and peace of mind.

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