Our current system of governance is far from ideal. Governments all around the world all control their own piece of land, and most people in the world end up living under the same government their entire life, regardless of how good or bad that particular government may be.
The idea of the government as a service provider and allowing people to pick and choose the best service provider for their particular needs is perhaps radical, but it is something that many libertarians in particular have preached for years.
One proposed solution to the perceived “government monopoly” involves the construction and deployment of artificial floating islands with their own unique systems of governance, known as seasteads.
The original idea of a seastead was always to locate it in the open ocean, outside of the territorial waters of any nation, and thus create a fully autonomous society that could eventually become a micro-nation.
Blue Frontiers is a start-up company that was spun off of a San Francisco-based non-profit known as The Seasteading Institute. The company is working to develop the first floating island off the coast of one of the French Polynesian islands, where they have signed a memorandum of understanding with the government, paving the ground for the creation of a special economic zone at sea (“SeaZone”).
To fund the development of the first floating island, Blue Frontiers is issuing a token that will be known as Varyon on the Ethereum blockchain. The proceeds from the token sale will be used to prepare the construction of the first floating island, develop a “SeaZone” legal framework, and grow the community.
Token holders can later use their tokens to purchase goods and services within the Blue Frontier ecosystem,