The Bank of Lithuania announced that in spring 2020, according to the press release of 9 December, it will issue a block collector coin on the digital market.
The coin is dedicated to the Act of Independence of Lithuania of 16 February 1918 and 20 signatories. As a tribute to the year in which the law is in force, the coin will have a face value of 19.18 euros and its size and form will resemble a credit card. Marius Jurgilas, Member of the Management Board of the Bank of Lithuania, said that he had chosen this subject because of the important role that the act played in the history of Lithuania.
Blockchain technology will be a layer containing 24,000 tokens that the institution plans to make available to the public, each of which will include one of the 20 signatories of the law. The coins will be divided into six categories depending on the area of activity of the signatories, with 4 000 coins in each category.
For each purchase, the collector receives six randomly selected tokens. When a buyer has one coin in each category, he or she will be able to buy a physical silver coin. Chips will be available for purchase in the central bank's online shop.
The bank hopes that this initiative will involve the younger generation in the collection of coins and says that in order to please the younger public, the purchasing process will also include undefined "game elements".
