El Salvador President Nayib Bukele has revealed a model of his planned Bitcoin City, saying that its development is “coming along beautifully.”
<h2><strong>Model for Bitcoin City Has Been Unveiled</strong></h2>
On May 10, El Salvador President Nayib Bukele posted pictures of a scale model of his planned Bitcoin city, which will be constructed near the Conchagua volcano on the Gulf of Fonseca in the southeast of the Central American country.

https://twitter.com/nayibbukele/status/1523799427856490496

The pictures show a golden disc-shaped model with a hexagonal center and key landmarks, such as the airport, and artists’ depictions of various scenes, such as the lookout at the top of Conchagua Volcano and a picture of the city at night.

Bukele assured that the gold color was simply the architect’s choice for the model. However, the finished product will be mainly composed of greens for trees and blue for the sea.
<blockquote><em>“And no, the city won’t be made up of golden metal; that is just the architect’s choice of color for the scale model. The actual city will be mostly green (trees) and blue (sea),”</em> he wrote in the tweet.</blockquote>
<h2><strong>Hub for Crypto Traders</strong></h2>
Bitcoin City is said to have 0% income, capital gains, property, payroll, and municipal taxes, as well as 0% CO2 emissions.

In a nutshell, Bitcoin City will be a crypto trading hub. However, Bukele promised that there would also be residential areas, malls, restaurants, and a port including access to digital education, technology, and sustainable public transportation.

El Salvador President Unveils Plan for Bitcoin City

El Salvador President Nayib Bukele has revealed a model of his planned Bitcoin City, saying that its development is “coming along beautifully.”

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

El Salvador President Unveils Plan for Bitcoin City

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