LBCOIN is the world‘s first blockchain-based digital collector coin. Together with its physical version, LBCOIN was issued on 23 July 2020. Everyone wishing to purchase the world’s it can sign up to the Bank of Lithuania’s e-shop lbcoin.lb.lt.
The Bank of Lithuania has released 24,000 collector tokens created using the blockchain technology. Each token features one of the 20 signatories and collectors will have a chance to collect the entire set. The tokens are divided into 6 categories by the signatories’ areas of activity, with 4,000 tokens allotted to each of them. When purchasing the digital coin, buyers get 6 randomly selected digital tokens and only upon collecting a token from each of the 6 categories they will be able to redeem a physical silver coin. The tokens are available for purchase and storage on the Bank of Lithuania's e-shop lbcoin.lb.lt. The physical silver coin bears an unconventional denomination – €19.18. In size and form, it resembles a credit card, depicting the Act of Independence and its signatories.
Numismatic items issued by the Bank of Lithuania commemorate important events, phenomena or prominent figures. They are intended for collection, however, their use as a means of payment is not encouraged.
LBCOIN presentatoin (2.6 MB )