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The note was issued by Kings Bay. Kings Bay AS was established in 1916 under the name Kings Bay Kull Compani A/S (KBKC) by a group of businessmen from Ålesund seeking to exploit the coalfields near Ny-Ålesund in Svalbard. The Norwegian government assumed control of the company in 1933. Mining operations ceased in 1963. Nominal value: 10 øre, a common denomination The note has been signed by Johan Sagland * and Einar Slåtto. Johan Sagland was company secretary 1948-49. Einar Slåtto was chairman of Kings Bay 1947-55. The note has one stamp: Ny-Ålesund The note has one fault: The note has coffee stains on it.
www.svalbard.money is a Norwegian NFT-project initiated by SpareBank 1; the second largest finance group in Norway. The fascinating monetary history in Svalbard constitutes the core of the project: In the 20th century, American, British, Norwegian, Russian/Soviet and Swedish coal companies issued local currencies in Svalbard; notes and (Soviet) coins; money based upon real mining and physical proof of work.
The digital Svalbard notes are unique reproductions of various Anglo-Russian, Norwegian and Soviet Svalbard notes. The decentralized production of such notes ceased on February 7th 2022 when the Ethereum blockchain reached block nr. 14159265. Learn more about this part of our project in the Svalbard money white paper:
https://www.svalbard.money/whitepaper
The digital Svalbard coins pay homage to the Svalbard coins that were minted in Leningrad just after WW2. Read all about it in a richly illustrated “white paper light” here:
Kings Bay #568
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Kings Bay #568
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The note was issued by Kings Bay. Kings Bay AS was established in 1916 under the name Kings Bay Kull Compani A/S (KBKC) by a group of businessmen from Ålesund seeking to exploit the coalfields near Ny-Ålesund in Svalbard. The Norwegian government assumed control of the company in 1933. Mining operations ceased in 1963. Nominal value: 10 øre, a common denomination The note has been signed by Johan Sagland * and Einar Slåtto. Johan Sagland was company secretary 1948-49. Einar Slåtto was chairman of Kings Bay 1947-55. The note has one stamp: Ny-Ålesund The note has one fault: The note has coffee stains on it.
www.svalbard.money is a Norwegian NFT-project initiated by SpareBank 1; the second largest finance group in Norway. The fascinating monetary history in Svalbard constitutes the core of the project: In the 20th century, American, British, Norwegian, Russian/Soviet and Swedish coal companies issued local currencies in Svalbard; notes and (Soviet) coins; money based upon real mining and physical proof of work.
The digital Svalbard notes are unique reproductions of various Anglo-Russian, Norwegian and Soviet Svalbard notes. The decentralized production of such notes ceased on February 7th 2022 when the Ethereum blockchain reached block nr. 14159265. Learn more about this part of our project in the Svalbard money white paper:
https://www.svalbard.money/whitepaper
The digital Svalbard coins pay homage to the Svalbard coins that were minted in Leningrad just after WW2. Read all about it in a richly illustrated “white paper light” here:
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