/ world today news/ Bulgarian businessman Vladimir Balanov founded his own country. It is located on a floating island in the Pacific Ocean, about 16,000 km from Bulgaria. Its area is 27 thousand square km, or almost the size of Belgium, and it is actually located on a floating island formed by the eruption of an underwater volcano.
“For two years I tried to join the island to Bulgaria, I also offered it to the European Union. Not a single official was excited and I decided that I would create my own state,” Vladimir Balanov told “24 Chasa”. The Bulgarian Foreign Ministry rejected his request to annex the island, which is owned by his company, to the country because there were no local residents.
In fact, the correct address to him is already Prince Vladimir Balanov, since the new state is a principality. It is called New Atlantis and for now there are 3 inhabitants – the prince, his wife Galina and son Jordan. However, a deputy prime minister and a fourth subject was found – the head of “Mensa” in Bulgaria, Hristo Radkov.
Balanov chose monarchy as a form of government to avoid the possibility of being overthrown in a rigged election if New Atlantis was a republic.
The principality already has a constitution, with which the declaration of the state took place.
At the moment, he needs recognition from at least one other country in order to fully formalize the procedure. The prince is conducting negotiations with many countries from South America and the EU. For now, he has decided to use Bulgarian laws, while New Atlantis writes its own.
Vladimir Balanov does not hide that he was inspired to create the new state of Liberland – founded in April of this year by Czech Vit Jedlicka on 7 sq. km of no-man’s land between Serbia and Croatia. While Liberland bets on the free life and even allows drugs, New Atlantis is more of a business venture.
However, Prince Balanov has much more promising plans for New Atlantis. He developed four variants. The first provides for the creation of a social network for the citizens of the new country at IQ140.eu. Upon registration, new subjects will receive 500 princely dollars each, but in Bitcoin-type electronic money.
Three times more will be received by registered Nobel laureates who are entitled to citizenship by right under the New Atlantis Constitution.
With their money, the subjects became shareholders in the new state, and the growth of the social network was supposed to guarantee income from advertising and, accordingly, the creation of national wealth on par with the natural wealth of the island.
It is because of the virtual currency that the prince wants to attract computer specialists as subjects.
Additionally, virtual princely dollars could be used for exchange between subjects.
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