Free cryptocurrency to be given to every citizen in Iceland

Soon, everyone in Iceland is going to get some cryptocurrency. If you pay attention to tech then you’ve definitely heard of Bitcoin. Baldur Friggjar Odinsson, an Icelandic dude with an awesome name who loves altcoins, has created a new form of this cryptocurrency. It’s called Auroracoin, it’s made specifically for Icelandic folks, and he’s giving 31.8 Auroracoin to every citizen in the country.

The cryptocurrency craze spun into a new realm of ridiculous with Kanyecoin, Dogecoin, Ron Paul Coin and the bounty of other clone-coins that sprung up to ride the Bitcoin wave. But the latest altcoin to enter the market, Auroracoin, wants to take the futurist trend back to its cryptoanarchist roots. The altcoin was designed specifically for Iceland, and the creator plans to give every citizen of the Nordic country a digital handful of Auroracoins to kickstart their use. Auroracoin is the brainchild of cryptocurrency enthusiast Baldur Friggjar Odinsson, and he’ll be the one distributing pre-mined coins to the entire population of Iceland at midnight on March 25 in a countrywide “airdrop.” Each Icelandic citizen—all 330,000 of them—will receive 31.8 AUC through a digital transaction. Citizens all have a national ID number available through a public database, which will be used to verify their identity.