The Future of Currency Is Here- CityCoins!
- Advisoira
- Jun 3, 2021
- 1 min read
You've heard of Bitcoin, Ethereum and many more. But have you heard of CityCoins?
What are they?
CityCoins let you invest in your favorite city, while earning for yourself.
How do they operate?
CityCoins run on Stacks (STX). They’re mined by forwarding STX to a smart contract on BTC.
-30% of the STX goes to a wallet reserved by the city.
-70% goes to CityCoin holders.
What's its use?
The city can use that money to serve its citizens––think infrastructure, city events, recruiting startups, and more. CityCoin holders can stack their coins to earn STX & BTC.
Also, CityCoins can also incentivize residents via:
1) Rewards for community service
2) Building apps for the city
3) Discounts for hodling.
Consider it as a move from municipal debt to municipal equity.
Cheers!
Head out to Investment Planning and prepare your financial plan with us, today!
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