Serbia has its own digital currency. Vladimir Pavicevic, a broker and Master of Economics from Jagodina, is the issuer of the digital currency Lazar, which is tied to the dinar at the exchange rate of 1 Lazar = 0.0001 dinar.
He announced the initial offer for the purchase of this digital value based on previous registration. It is an issue of 7,700,000,000 individual units of Lazar (DVL), and the total issue of DVL amounts to 7,700,000 dinars (EUR 65,254).
According to the website of the digital currency Lazar, it will be offered for sale through ads in printed and electronic media, in a quantity lower than the total amount of the digital value Lazar. As the issuer explains, this is due to the compensation for the services of the acquirers of digital property to the people who “mine” this digital property as per the Law on Digital Property. Of the total number of the issued units, that is, 7,700,000,000, the setting aside and the transfer to the acquirers of 2,200,000,000 Lazars is meant for the “mining” process.
The issuer also says that, to the end of expanding the demand for DVL, up to 2,500,000,000 units will be ascribed to new users without a fee, the so-called “Lazareva Cesma”.
For free registration and sale based on the registration, the issuer set aside 3,000,000,000 units of DVL at the preferred issue price of 0.001 dinar per DVL. The minimum amount for registering a purchase is set at RSD 10,000, whereas the maximum amount is RSD 100,000.
According to the ad, the registration of interested investors for the purchase of DVL lasts until July 14, 2021, by applying at the issuer’s email address. The issuer obliges to open the so-called “digital wallet” to investors in DVL.
He also says that the so-called “secondary trading” with digital property will be possible when the providers of services related to digital property are constituted and start operating.
Interested investors in DVL may gain insight into the “white paper” for free on the issuer’s website at www.dvl.rs.