CzechCrownCoin is the first Czech virtual currency. There is a total of 100 million coins, 50% of which is premined and the other half will be mined in the next 4 to 10 years. In September 2014, the first phase of the distribution of 50 million CZC for citizens of the Czech Republic will begin.
The aim of the project is to support internet business in the Czech Republic. This new virtual currency will enable citizens and merchants to use advanced payment technology to implement immediate and direct payment transactions. Individual payments can be made without banks as intermediaries with the help of an electronic wallet, which is free to download for Windows, Mac OSX and Linux.