MiamiCoin Logo

MiamiCoin

MiamiCoin header image

1. Summary

Ranks

Liquidity
10
Developer
-
Social
64
Momentum (beta)
0
Stack Rankā„¢
-
Price
$0.001347060000 0.0%
Market Cap
$3.31M (#1994)
Supply
/
Tags
Price
52W High price $0.004738936400
52W High date 2nd Nov 2022 (1 year ago)
All Time High (ATH) Date 14th Feb 2024 (4 months ago)
All Time Low (ATL) Date 14th Feb 2024 (4 months ago)
Supply & Trading Volume
Trading Volume (24h) $23,087.00
Description

MiamiCoin is a CityCoin that empowers communities to improve and program their cities through a unique funding mechanism. It is built on the Stacks network, allowing for open-source protocols that enable smart contracts on the Bitcoin blockchain.

MiamiCoin is a CityCoin that empowers communities to improve and program their cities through a unique funding mechanism. It is built on the Stacks network, allowing for open-source protocols that enable smart contracts on the Bitcoin blockchain.

CityCoins

CityCoins are a new type of programmable token that can be used to benefit cities directly. When mined, these coins unlock a new source of revenue for the city. Miners forward Stacks (STX) tokens into a CityCoins smart contract, and 30% of the(Guideline 1-6) STX goes to a wallet reserved for the city, which can then use the funds for various public services.

How It Works

  • Mining: Miners forward STX into the smart contract and are rewarded with CityCoins. The mining process requires no specific hardware and is open-source, allowing anyone to participate.

  • Programming: CityCoins are programmable, which means that developers can build applications and integrate them with the CityCoins protocol. This introduces utility to residents, entrepreneurs, and others.

  • Stacking: 70% of the mined CityCoins are allocated to holders who lock their coins for a selected reward cycle (staking). Stacked coins can earn Bitcoin rewards for the holders.

Key Features

  • Community Activation: CityCoins require a minimum of 20 independent wallets to signal activation before mining begins.

  • Revenue Deployment: The city's share of the CityCoins can be automatically converted into dollars and deposited into the city's general fund.

  • Programmable: Developers can create applications based on CityCoins, using the Clarity programming language.

  • Scalability: CityCoins can be scaled to accommodate growing interest and use.

Impact

MiamiCoin was the first CityCoin launched, in August 2021. Since its inception, it has generated significant revenue for the City of Miami. The success of MiamiCoin has inspired the creation of similar CityCoins for other cities, such as AustinCoin and New York City Coin. The concept of CityCoins offers a new way for cities to interact with and engage their citizens and could potentially transform the financial landscape of urban governance.

2. Price

2.1. Market Performance

How does MiamiCoin's () performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

%

-9.1%

Similar Market Cap

3. Developer Activity

No GitHub repos found. Either the project is not open source or we don't have data yet.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers
Active Reddit Users (past 24h)
Discord users 10
Active Discord Users 0
Telegram Users 718
Twitter followers 17,126
5. News

No recent news found.

7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://www.citycoins.co/miamicoin
Explorer https://explorer.stacks.co/address/SM2MARAVW6BEJCD...
Twitter @CityCoins

Has MiamiCoin been audited for security?

No security audits found for this project.

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