MiamiCoin

1. Summary

Ranks

Liquidity

-

Developer

-

Social

64

Momentum (beta)

0

Stack Rank™

-

Price

$0.000843340000 0.0%

Market Cap

$3.31M (#2423)

Supply

/

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Price
52W High price	$0.004738936400
52W High date	2nd Nov 2022 (2 years ago)
All Time High (ATH) Date	27th Nov 2024 (5 months ago)
All Time Low (ATL) Date	27th Nov 2024 (5 months ago)

Supply & Trading Volume
Trading Volume (24h)	$1,044.00

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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.

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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.

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