Crypto millionaire’s Nevis project offers residents $100 a month: FT
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Crypto millionaire’s Nevis project offers residents $100 a month: FT
Jannsens’ Destiny, a project aiming to buy and restructure about 2,400 acres of land on the Caribbean island, said it will begin paying residents $100 per month, “immediately once the final agreement with the government is approved,” according to an email seen by the Financial Times.
The monthly $100 figure is an increase from the initial 30 East Caribbean dollars (US$11) announced by the project in November 2025.
The offer drew sharp criticism from opponents of the project, who said it amounted to an attempt to influence public opinion and government approval.
Kelvin Daly, a member of the Nevis Reformation Party (NRP), condemned the move for allegedly pressuring authorities into accepting the development plans. “Janssens and De Primer have upped their bribe from US$30/month to US$100/month,” wrote Daly in a Facebook post on Monday.
Daly urged authorities to investigate the initiative for breaches under the Anti-Corruption Act.
Destiny is seeking approval under St. Kitts and Nevis’ Special Sustainability Zones framework, a legal regime passed in 2025 that enables projects of this kind.
The initiative plans to invest $50 million into Nevis’ infrastructure to fund hospitals, health centers, villas, and create more jobs, while sharing 10% of the profit with citizens and 10% with Nevis’ sovereign wealth fund.
Cointelegraph has approached Destiny for comment on the approval timeline of the project.
Crypto founders building their own cities in “ultimate exit” plan
Janssens was an early Bitcoin investor and briefly served on the Bitcoin Foundation’s board in 2015, when he publicly said the organization was “effectively bankrupt.”
Former Coinbase exchange chief technical officer, Balaji Srinivasan, announced a similar initiative at the Network State Conference in Singapore in October 2025.
During his speech, he urged crypto and tech enthusiasts to collectively buy land and create more tech-friendly communities, positioning it as Silicon Valley’s “ultimate exit” from “failing” US institutions.
Srinivasan also shared a document that showed a total of 120 “start-up societies” in development worldwide.
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