Would you pay $3250 for citizenship in a 1.2 ac "micronation" island?

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Mayer is co-founder of Let's Buy an Island, an ambitious project that in 2018 set out to crowdfund the purchase of an island. By December 2019, the group's aspirations became reality, raising over $250,000 to complete the purchase of Coffee Caye, a 1.2-acre, uninhabited island off the coast of Belize.

The investors weren't just buying into a share of Belizean property. They were also investing in an unusual nation-building project, because Coffee Caye, reimagined as the "Principality of Islandia," complete with its own national flag, anthem and government, is also the world's newest "micronation"-- an entity that claims independence but isn't recognized as such by the international community.

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The founding members established early on that each share in the island would cost $3,250. So far they have sold almost 100 shares and counting. While investors can purchase multiple shares, each person is only entitled to one vote in the democratic decision-making process.

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