TUT Coin for the Inauguration of the Grand Egyptian Museum

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Egypt is a nation with an ancient civilization. It knew urbanity and civility at a time when these concepts were unknown to the rest of the world. Egypt was civilized early in human history, and its civilization was shrouded in mysteries and enigmas that modern science has yet to fully decipher. This magnificent civilization has left us with countless testaments to its power and splendor, perhaps the most prominent of which are the Pyramids of Giza. This contemplative structure stands as a challenge to science, which remains unable to unravel its secrets, while the Egyptian pyramids endure as the sole surviving wonder of the Seven Wonders of the Ancient World.

We recount this because the entire world is poised for one of the most significant global cultural and archaeological events tomorrow. Millions, perhaps billions, of people across the globe will witness Egypt's inauguration of the Grand Egyptian Museum, the world's largest museum dedicated to a single civilization.

Through this museum, whose opening has been postponed multiple times for various reasons, Egypt will reclaim its ancient genius spirit. One might wonder: had ancient Egyptian civilization persisted to this day, could the ancient Egyptians in our modern era have presented the world with a gift more beautiful, splendid, and magnificent than this museum, which many in Egypt refer to as the "Fourth Pyramid," in reference to Egypt's fame for its three pyramids and the Great Sphinx?

On this occasion, Egypt has issued commemorative coins bearing the name and logo of the Grand Egyptian Museum. This is a common practice for major events, not only in Egypt but also in many countries around the world. Egypt did the same, for example, for the inauguration of the New Suez Canal on August 6, 2015, among other significant occasions.

We at EarnNews had hoped that Egypt would consider issuing a commemorative digital currency for this occasion, perhaps named "Tut," after King Tutankhamun, who represents a famous icon of ancient Egyptian civilization. 

This is particularly fitting as he is the only pharaoh whose tomb was discovered intact, and the museum will display over 5,000 of its artifacts for the first time since their discovery in 1922.

Egypt's foray into the world of digital currencies would demonstrate its embrace of modern technological advancement, especially as it is earnestly pursuing the adoption and implementation of blockchain technology and preparing to launch the Digital Egyptian Pound, following in the footsteps of several nations that have made varying progress on this path.

Furthermore, Egypt is actively promoting a culture of financial inclusion to shift the behavior of its citizens, who tend to prefer cash transactions, keeping their savings at home rather than in banks, and using cash instead of bank accounts and digital wallets. Egypt has an ambitious program to eradicate this phenomenon, which negatively impacts the national economy. This indicates that Egypt does not reject technological progress in the economy as a tool for the future; rather, it seeks to harness it within the framework of its leadership's developmental and renaissance vision for all aspects of Egyptian life.

While Egypt maintains a cautious—and perhaps rejecting—stance towards cryptocurrencies, and it certainly has every right to be concerned regarding their potential use in financing terrorism, from which Egypt has suffered for many years, it has nonetheless not fallen behind in technological trends across various fields. 

Egypt was a pioneer in introducing blockchain technology through a workshop titled "Blockchain and Major Transformations in the Digital World," held as part of the preparatory workshops for the World Youth Forum, convened under the patronage of President Abdel Fattah El-Sisi in the City of Peace, Sharm El-Sheikh, in December 2019.

Despite its declared rejection of cryptocurrencies, even criminalizing the launch of new cryptocurrencies or the mining of existing ones, Egypt is seriously advancing on the path to launching its own digital currency (the Digital Pound) to keep pace with global technological economic development.

We believe that Egypt's launch of a digital currency for this monumental global event could have served as a practical example of linking the past, present, and future within an ingenious framework worthy of Egypt and its millennia-old civilization.