The Free Republic of Verdis, an unrecognised micronation that bears more than a passing resemblance to Justin Sun-led Liberland, is now officially accepting cryptocurrencies, including SOL and USDC, as a means to gain citizenship.
Founded in 2019 by then-14-year-old Daniel Jackson, Verdis occupies a 125-acre stretch of land between Croatia and Serbia.
Originally “home” to just four people, today it claims to have over 400 official citizens and is hoping to grow its population through its two-tier e-Residency program.
The country offers a €25 ($29) per year “e-Resident Basic” package and a €50 ($58) per year “e-Resident Plus” option, both of which can be paid for with SOL, USDC, or VERDIS.
Anybody wishing to become a permanent fully-paid-up Verdis citizen is required to take the more expensive of the two.
Not only that, they must also meet a set of criteria, specifically:
Finally, applicants are made to pay a “one-time processing fee of €300” and even then, they can be rejected with no refund provided.
According to the official Verdis website, crypto investments in the country will also guarantee citizenship. Investors will also be given “Verdisian land through a land fund,” the “ability to operate global business from Verdis,” and “preferential treatment” when distributing land ownership.
Verdis' e-Residency program has begun to accept payments for $VERDIS and $SOL! You can learn more about the e-Residency program and pathway to citizenship at https://t.co/3jNMEVlbmF pic.twitter.com/kM8B5Gyhft
Read more: The jailed $6B bitcoin fraudster who wanted to be Liberland’s queen
However, Jackson told Protos that Verdis has no plans to make crypto legal tender, and that the Euro will remain its official currency for “logistical and security reasons.”
“We are merely just expanding payment opportunities for those that want to get involved,” Jackson said. He added that the micronation would consider accepting crypto payments for government fees and make itself more attractive to crypto investors.
Jackson, like Liberland’s founders, claims that Verdis is “terra nullius” (land belonging to no one), due to a border dispute between Croatia and Serbia that has left the land unclaimed.
Authorities from the two nations have frequently disrupted Liberland’s plans, and appear to be intent on doing the same to Verdis. Indeed, in 2023, Croatian police arrested several self-proclaimed “Verdisians” before deporting them from Croatia.
Verdis called this act an “invasion” that “violated international law” and claims to be preparing a legal response.
Like Liberland, getting to Verdis comes with its own set of problems. At certain times, it can only be accessed by boat, and visitors are also warned to avoid traveling from Croatia on foot “due to potential landmines in the area from the Croatian War of Independence.”
Verdis is also branching out into crypto, albeit not to the same scale as Liberland, which has elected multibillionaire Chinese crypto founder Justin Sun as its prime minister five times in a row.
Read more: The jailed $6B bitcoin fraudster who wanted to be Liberland’s queen
Liberland also has two tokens that are used in governance decisions and within its ecosystem, and it boasts a blockchain that claims to have a “proof-of-citizenship consensus.”
According to Jackson, the VERDIS token isn’t officially affiliated with the nation, and it appears to have just been used to fundraise over $60,000 for the micronation.
He told Protos that the recent crypto integration was their way of saying thank you for the support and that the money from the VERDIS token “massively contributed towards our country’s development.” This included investing the funds towards a better UK office and opening an office in Belgrade.
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