Local Russian Farmer Sparks a Kolion Revolution

Kolion Revolution - Ibinex News

Cancer survivor turned local farmer, Mikhail Shlyapnikov is beginning to take on a new role as a leader of an ingenious revolution which could very well describe the world that crypto enthusiasts are dreaming to live in in the future.

In 2014, the Russian farmer created a cryptocurrency coined Kolion, obviously deriving its name from Shlyapnikov’s local village Kolionovo, which led to his incarceration, as the court deemed the act illegal. But Shlyapnikov would not be deterred by his setback: he was able to raise about $500,000 on an Initial Coin Offering (ICO). Currently, Shlyapnikov and his peers “have about $2 mln in Kolions because its value has jumped since the ICO.”

Kolion, unlike most of the major cryptocurrencies topping the market today, cannot be mined; neither is it paired with the Russian Ruble, or any other fiat currency for that matter. Instead, Shlyapnikov and the rest of Kolionovo’s residents earn the cryptocurrency through ‘plowing’, which basically means trading labor services in exchange for the coin. Another way to acquire the coin is through exchange with other cryptocurrencies, preferably those that are more established than their village’s crypto.

This is an economic revolution in itself since the village does not ‘rely’ on their government’s financial system for their sustenance of daily needs and affairs. Shlyapnikov said:

“I didn’t want to suffocate and be a slave of the banks. So I had to invent my own money.”

Now, the crypto community is beginning to see the fruit of Shlyapnikov’s efforts: he is now his own bank, government, as well as the regulator.

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