Ethereum-Based Post Liberation Visas Sold By North Korean Dissidents

Ethereum, just like Bitcoin, is a decentralized system that is free from government control. This is why Cheollima Civil Defence (CCD) has started issuing Ethereum based post liberation visas to anyone interested in freedom from the shackles of the government after the liberation. According to them, these visas would be used to enter North Korea after it is liberated. So far, the group has created over 200,000 anonymous visas according to their website. After the liberation, these Ethereum based post liberation visas will be used for entry into Free Joseon (a dynasty that is controlled by the Korean empire).

200,000 Ethereum Based Post Liberation Visas To Be Sold In North Korea

According to Cointelegraph, the visas are issued in non-fungible ERC-721 tokens called G-VISA. These tokens will be created on the Ethereum blockchain. The first one thousand visas will be sold for 1 ether each starting from March 24, 2019. All the Ethereum based post liberation visas will expire in the next five years. Also, each visa can be used only once for a maximum of 45 days. However, a single person will be allowed to purchase as many visas as possible if he or she wishes to enter the country multiple times. However, the individual will have to go through all the port and custom checks.

The website of the group stated that each G-Visa will have an incrementing ID Number at the time of purchase. Buyers will be unable to decide which number they would prefer or to change their number. The website also states that even if multiple visas can be used to visit North Korea, it should be viewed primarily as an addition to the Cheollima Civil Defence (CCD) movement and not for fiduciary or speculative purposes. It stated:

“Ownership of one or more G-VISAs should be considered a contribution to the movement and should not be used for speculative or fiduciary purposes.”

The CCD pointed out that the G-Visas will be available on multiple ERC-721 marketplaces and can be purchased in any of these points as preferred by the buyer. The G-Visa is already listed on the ERC-721 marketplace, OpenSea. However, the official issuance of the token will not start until the 24th of March.

According to Ether-Scan, a BTC address has been dedicated to the Cheollima Civil Defence (CCD)’s movement and it had received up to $56,000 at the time of writing. The ETH donation address, had not even received up to one ETH at the same time.

Ethereum (ETH) Price Today – BTC / USD

Name Price24H (%)
Ethereum (ETH)
$173.20
-0.48%

While the CCD are freedom fighters, they have been accused of being responsible for some hostile attacks recently. A while ago, CNN claimed that the attack in Madrid which was at the North Korean embassy was planned and executed by CCD. The attackers came into the embassy armed, restrained the staff, stole items, and ran away before the authorities could get there.

The use of cryptocurrencies to fund freedom movements is not new in North Korea. So, it’s not a surprise that Cheollima Civil Defence (CCD) has decided to build the G-VISAs on the Ethereum blockchain. A recent report revealed that assailants in North Korea have been able raise a total of $670 million in cryptocurrencies and fiat money through hacking.

What do you think about the Ethereum based liberation visas by the Cheollima Civil Defence (CCD)? Share your thoughts in the comment section.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.