Did you know a fully crypto nation exists in Liberland! Here is from grok Yes, Liberland, the self-proclaimed micronation founded in 2015 on disputed land between Croatia and Serbia, extensively uses cryptocurrency as a core element of its libertarian governance model, economy, and operations. Since its inception, Liberland has positioned itself as a "Bitcoin-friendly" nation, accepting Bitcoin (BTC) and other cryptocurrencies for donations, funding, and transactions to bypass traditional banking restrictions and promote financial sovereignty. Its official website and blockchain initiatives emphasize crypto's role in enabling minimal government interference, with Bitcoin serving as a primary reserve asset—over 99% of Liberland's reserves are held in BTC, according to 2023 financial reports. This approach aligns with founder Vít Jedlička's vision of an economy based on decentralized technologies, drawing early support from crypto enthusiasts who donated tens of thousands of dollars in BTC and Bitcoin Cash (BCH) to fund development. Liberland has issued its own native cryptocurrencies to support governance and e-services: Liberland Merit (LLM), a governance token with a fixed supply of 70 million, used for staking to gain citizenship rights (e.g., 5,000 staked LLM qualifies one for full citizenship and voting in elections), referenda, and voluntary taxation; and Liberland Dollar (LLD), the operational token on its Substrate-based Layer 1 blockchain (a Polkadot fork), which handles transactions, DeFi, NFTs for land/assets, and decentralized identity. The blockchain powers all e-government functions, including quarterly elections (e.g., the first congress election in October 2024 was fully blockchain-based), judicial arbitration with AI oracles, and property registries. LLD has a circulating supply of about 1 million tokens, trades on exchanges like MEXC (with 24-hour volume around $82,000 as of recent data), and features up to 10% annual inflation to incentivize validators and stakers. LLM and LLD are permissionless for basic use but require approval for advanced features, ensuring controlled growth. Under Prime Minister Justin Sun (founder of TRON, elected in October 2024 and reelected multiple times), Liberland's crypto integration has deepened, leveraging Sun's ties to figures like the Trump family for diplomatic recognition efforts. The nation bridges to chains like Ethereum, TRON, and Polkadot for interoperability, allowing ETH, wBTC, USDT, and others for on-chain exchanges. While no single "legal tender" exists (aligning with free-market principles), crypto is the de facto medium, funding initiatives like space missions (e.g., planting a flag on the Moon and an upcoming asteroid via LifeShip). Experts note risks similar to El Salvador's BTC adoption, but Liberland's model continues to attract over 735,000 citizenship applicants, with 1,200 paid citizens as of 2024.