• VeChain will develop a utility token called the “San Marino Innovation Token,” to incentivize their citizens.
  • The citizens will be rewarded to act in an environmentally sustainable manner.

VeChain and the Republic of San Marino have signed an MoU (Memorandum of Understanding). The partnership will leverage the blockchain technology to incentivize the citizens to behave in an ecologically sustainable manner. 

The parties involved in this MoU were - San Marino Secretariat of Industry, Craft, Trade, Labor, Cooperation and Telecommunications, Republic of San Marino Innovation Institute S.p.A, management systems certification body DNV GL Business Assurance Group AS, and VeChain Foundation Limited.

VeChain will develop a utility token called the “San Marino Innovation Token,” which will reward citizens for engaging in environmentally responsible practices such as water conservation, proper waste management, etc.

Andrea Zafferani, Secretary of State for Industry, Crafts and Commerce, Labor, Cooperation and Telecommunications of the Republic of San Marino, expressed his excitement over the partnership stating:

“We will give life to an initiative that will directly involve citizens, rewarding ecological behaviors, responding to clear needs of the country system such as the reduction of carbon dioxide emissions, energy conservation, and waste management. We have the ambition of becoming the first zero-impact nation.”


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended Content

Editors’ Picks

Bitcoin Weekly Forecast: BTC demand and liquidity conditions remain weak

Bitcoin Weekly Forecast: BTC demand and liquidity conditions remain weak

Bitcoin price has been consolidating between $94,000 and $100,000 since early February. US Bitcoin spot ETF data recorded a total net outflow of $489.60 million until Thursday.

More Bitcoin News
Sonic (prev. FTM) rallies as TVL hits record high and market capitalization surpasses $3.1 billion

Sonic (prev. FTM) rallies as TVL hits record high and market capitalization surpasses $3.1 billion

Sonic (S), previous Fantom (FTM), rallies over 20% in the last 24 hours and trades around $0.90 at the time of writing on Friday after rising almost 64% this week. The migration of FTM to S token at a 1:1 ratio was completed on January 17. 

More Cryptocurrencies News
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC gears up for volatility while ETH and XRP fight to stay afloat

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC gears up for volatility while ETH and XRP fight to stay afloat

Bitcoin price has been consolidating between $94,000 and $100,000 since early February; this consolidation phase could soon end. Ethereum price shows signs of strength while Ripple price fights to stay afloat.

More Cryptocurrencies News
Crypto Today: BTC tops $98K on US-Russia diplomacy, while NEAR and Bittensor lead AI tokens’ $30B rally

Crypto Today: BTC tops $98K on US-Russia diplomacy, while NEAR and Bittensor lead AI tokens’ $30B rally

The global crypto market rose 3% on Thursday, adding $45 billion to reach an aggregate market cap of $3.2 trillion. The crypto AI sector witnessed a 15% rally, with Bittensor (TAO) and NEAR emerging as top performers on the day. 

More Cryptocurrencies News
Bitcoin: BTC demand and liquidity conditions remain weak

Bitcoin: BTC demand and liquidity conditions remain weak

Bitcoin (BTC) price has been consolidating between $94,000 and $100,000 since early February, hovering around $98,000 at the time of writing on Friday.

Read full analysis
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

BTC

ETH

XRP