The Glorious Nation of BACKISTAN Will Rise Through $BACK

Notes from the BACKISTAN Economic Ministry Assembly, the Moon, 2022

Although Backistan was founded not long ago it has become a strong country from the metaverse where citizens will prosper on the moon. But, in order for any democracy to flourish and its citizens to prosper we need a medium of exchange that will make the first MOON economy thrive.

So far we have exchanged backs and services for this currency invented by citizen Anatoly in his seminal paper describing the Solana blockchain which he called $SOL. He only got a B- on that paper so we guess it’s not that great.

Solana seminal paper by BACKISTAN citizen Anatoly Yakovenko, graded -B, as graders figured out that the network would often suffer from degraded performance and outages. Reference Paper here.

When $SOL doesn’t cut it anymore

Here at the BACKISTAN Economic Ministy Assembly we have discussed with big brains and smol ones and we decided we want something better. Something truly fitting to the greatest economy on the MOON. Something everlasting and backed by something more than promises of devs and a fast blockchain.

There comes a point where $SOL will not suffice, when it’s simply not enough for the greatness we want to achieve. Citizens, we must rise up and proudly launch our own national currency. A currency that will help our nation blossom into its full potential and help us achieve Glory in BACKISTAN.

Picture of what we want the citizens of Backistan to enjoy and we want the Economic Ministry of BACKISTAN to develop a plan to make it happen.

How are we going to do this? Together!

The purpose of the Economic Ministry of BACKISTAN is to plan, develop and implement the national currency of BACKISTAN. We want our citizens to prosper under any circumstances and we don’t want to depend on other currencies.

This is why we feel it’s time to launch our national currency, our own BACKISTAN OFFICIAL TOKEN which we’ve decided by democratic vote to name $BACK.

Citizens discussing and democratically deciding the token name back at the end of 2021.

This decision came after about 2 days of negotiations where many citizens who wanted to take part in the creation of the BACKISTAN economy contributed. You can find the whole discussion in the #ideas channel on our Discord server here: http://discord.gg/mfWThGum4b. In the final days of 2021 it turned out everybody loved the $BACK name and indeed wen $BACK>ETH marketcap?

What’s next for BACKISTAN?

All we can say now is that it’s been a long journey to get here but with the launch of our new token we will move together to the next level. We will be developing our state economy for BACKISTAN the first republiq on the MOON.

We have already commissioned an artist to design our beautiful coin that will encompass all our goals and ideals for the future economy of BACKISTAN.

Our token will be guided by a few important principles that will help steer our glorious nation to new heights. Our aim in launching a token is to make the BACKISTAN economy as strong as possible and to further the goals of our republic. For a strong token we need strong principles. For strong principles we need to look BACK and learn from history!

We want to give people the power back!

Citizens of BACKISTAN rejoice! The revolution is upon us and we’re getting closer to the launch of $BACK. Token is coming and it’s going to be sooner than you think.

Disclaimer: The content covered in this document is not to be considered as investment advice. The BACKISTAN Economic Ministry is a meme and certainly not a financial adviser. These are our own opinions and ideas. You should always consult with a professional/licensed financial adviser before trading or investing in any cryptocurrency related product or NFT. The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice