Description
CityCoins is a web3 initiative leveraging the Stacks protocol to offer a novel municipal engagement and funding model through cryptocurrency. By mining CityCoins through the commitment of STX tokens to a city's specific smart contract, participants can support their chosen cities while earning yields in STX and BTC or using their CityCoins for governance purposes, such as voting on city proposals. This system creates a non-taxpayer-funded crypto treasury for each participating city, opening a new revenue stream for funding local projects and initiatives. MiamiCoin and NYCCoin exemplify this approach, demonstrating the project's capability to enhance community involvement and financial empowerment in urban development. CityCoins not only encourages stronger community interaction but also represents a significant advancement in urban financial strategies via blockchain technology.
CityCoins is a web3 initiative leveraging the Stacks protocol to offer a novel municipal engagement and funding model through cryptocurrency. By mining CityCoins through the commitment of STX tokens to a city's specific smart contract, participants can support their chosen cities while earning yields in STX and BTC or using their CityCoins for governance purposes, such as voting on city proposals. This system creates a non-taxpayer-funded crypto treasury for each participating city, opening a new revenue stream for funding local projects and initiatives. MiamiCoin and NYCCoin exemplify this approach, demonstrating the project's capability to enhance community involvement and financial empowerment in urban development. CityCoins not only encourages stronger community interaction but also represents a significant advancement in urban financial strategies via blockchain technology.
