Joseon, the World’s First Legally Recognized Cyber Nation-State, Introduces Its National Currency, Joseon Mun (JSM)
About Joseon:
Joseon was the first legally recognized virtual nation-state in the world, rooted in a rich historical legacy as the successor state to the Joseon Empire founded in 1392.
Joseon's mission is to remove regulatory barriers and cultivate a non-burdensome environment that fosters creativity, disruptive ideas, and technological innovation in cyberspace. As a recognized nation-state, Joseon offers a unique “Denizenship” to individuals worldwide and has issued its own blockchain-based national fiat currency, Joseon Mun (JSM). Joseon is dedicated to building a better and more connected future by bridging the gap between technology and regulation.
Joseon Mun (JSM) is a blockchain-based national fiat currency that combines the advantages of blockchain technology with the legitimacy of a national currency. JSM operates as a foreign currency in certain jurisdictions, providing unparalleled transparency and security. As a national currency of a recognized cyber nation-state, JSM is unbannable and offers a new level of financial freedom to users worldwide.
“We are thrilled to introduce Joseon Mun (JSM) as our national currency and to have it listed on Hotbit Exchange,” said Andrew Lee, founder of Joseon. “Joseon’s mission is to eliminate regulatory barriers and foster a non-burdensome environment for technological innovation. JSM is a testament to our commitment to building a better, more connected future.”
Hotbit Exchange, a leading global cryptocurrency exchange, has publicly announced its support of Joseon with the listing of JSM, providing users with a seamless and secure platform to trade and invest in this innovative currency.
The emergence of Joseon Mun as a sovereign nation-state presented a paradigm shift breakthrough. With its currency at the heart of self-determination, Joseon Mun aims to provide equitable access to education, goods and services, encouraging the desired quality of life. This visionary project aligns itself with universal human rights principles and sets the stage for a new era of financial autonomy and global impact.
Blockchain in Joseon
Technological advances in blockchain technology,Sovereignty of the Korean jurisdiction, this unique combination of technology and technologyNon-technical features have led to the creation of fiat currencies such as:Potential to serve as an effective and efficient means of global commodity exchange service. Korean blockchain is part of government infrastructure and blockchainThe currency is legal tender and establishes itself as the legal tender of currency and access.On the many benefits of blockchain attributes within the Korean jurisdiction. Instead of integrating the technology into the existing legal framework, Korea is legalThe framework was built around technology and essentially moved away from it.A paradigm originally introduced by Melvin ConwayBy leading the technology78 Not the law, not vice versa.
Joseon Blockchain Attributes
The Joseon Companies Act of 2023 intends to establish an uber pro-entrepreneurial environment that provides companies domiciled in Joseon with certain benefits driven by blockchain technology, many of which are non-existent in legacy business jurisdictions.
- Corporate Ownership Tokenization
All Joseon companies` ownership interests are tokenized as registered bearer tokens, also known as security tokens, on the Joseon Blockchain. This tokenization allows companies to achieve numerous benefits.
Smart, Zero-Trust Corporate Controls
Joseon-domiciled companies benefit from tighter, more accurate and secure operational controls. With the full support of a compatible Ethereum Virtual Machine (“EVM”) and corporate securities systems being, in effect, simply smart contracts, Joseon-domiciled companies will benefit from the ability to deploy novel fiscal and operating controls.
Since a Joseon-domiciled company can store its funds “on-chain” via a smart contract wallet, specific controls and conditions for fund-related transactions can be defined. For example, a requirement for a financial payable may require a certain percentage of the ownership interests’ on-chain approval before a transaction may occur. These ownership interests are default cryptographically verified. Regardless of the number or complexity of the conditions and controls implemented, the greater transparency and more effective controls provided via the blockchain will (i) eliminate most of the potential for fraudulent accounting activity and (ii) reduce opportunities for bad actors to exploit and harm less sophisticated investors. Simply put, the Joseon Blockchain renders certain bad behaviors nearly impossible. Because the Joseon Blockchain and its smart contracts are transparent and open source, all parameters, conditions and rules are available for the public to interpret, copy and improve thereon. It will be exciting to see all the different and creative system Implementations the Joseon Denizenry will devise over time.
Key Features of Joseon
Adaptive Regulatory Framework: Joseon’s approach to regulation is dynamic and flexible, fostering an environment that is conducive to innovation and progress.
The Concept of Denizenship: Joseon offers “Denizenship,” a distinctive form of corporate entity that is limited to one shareholder, allowing individuals to distinguish their actions from those of the Denizen.
The Joseon Mun (JSM): JSM is Joseon’s national fiat currency, built on blockchain technology. JSM functions as a foreign currency in specific jurisdictions while enjoying the benefits of blockchain’s transparency and security.
JSM Token
Joseon Mun (JSM) is Joseon’s fiat currency. As the official currency of Joseon, it can be utilized for all government transactions, as well as public and private transactions within the jurisdiction of Joseon. The blockchain will provide transparency and security for all transactions involving JSM, ensuring a high level of trust and reliability in the currency.
Based on ERC-20, JSM has a total supply of 2.4 trillion (i.e., 2,400,000,000,000) tokens, of which 20% is provided for government, 5% is allocated to Joseon officials, 10% is provided for coin issuance, and the remaining 65% is allocated to Joseon Ministry of Patronage, which will provide funding to companies domiciled in Joseon upon evaluation by both the Ministry of Patronage and the Ministry of Sovereign Wealth.
JSM token will be listed on LBank Exchange at 7:00 UTC on May 10, 2023, investors who are interested in Joseon can easily buy and sell it on LBank Exchange by then. The listing of JSM tokens on the LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Conclusion
Joseon Mun represents a bold step towards redefining governance and personal autonomy through cryptocurrency. With a focus on equitable access, individual empowerment, and a revolutionary approach to economic participation, Joseon Mun promises to reshape the financial landscape. As the project paves the way for a brighter future, it beckons individuals, innovators, and visionaries to join its ranks and collectively build a world where freedom, happiness, and prosperity thrive.
Learn More about JSM Token:
Official Website: https://www.joseon.com/
Telegram: https://t.me/ChosenEmpireChat
Discord: https://discord.com/invite/8fhVck4STr
Twitter: https://twitter.com/joseon_empire
Instagram: https://www.instagram.com/joseon_empire/
Facebook: https://www.facebook.com/JoseonEmp
Author: bilikbambu
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