Introduction: Decentralized systems provide a lot of benefits for the society as a whole, and more upcoming projects use this as a medium to better individuals' lives. #defi Meanwhile, centralized or traditional systems look for ways where they can take from the community without giving back. An example of such centralized systems is the gaming system among others. #cefi Gaming platforms are used to a concept known as in-game assets which players can use to do certain activities ONLY on the platform, which is not to be so. But, this decentralized gaming platform, Citizen Finance offers different use cases of in-game assets, making them properly address the rights of gamers. #citizens
Use cases of Citizen Finance's game assets
- Play: The in-game assets of Citizen Finance can be used in the Mega City First Person Shooter game, which is the main application of Citizen Finance among others. The platform supports this game with non-fungible tokens. Gamers can enjoy the adventure of roaming around a deserted district, and building up their own bunker, and fight aliens. This can all be done with the in-game assets of Citizen Finance. #nft4fps
- Trade: @Citizen Finance, gamers can trade their in-game assets with other cryptocurrencies in a secondary exchange platform. Gamers can now decide on whether to make use of their in-game assets by playing games with it or by exchanging it for other cryptocurrencies.
- Stake: The unused in-game assets on Citizen Finance can be staked in decentralized pools, and gamers can earn rewards in the platform's token(CIPHI).
- Collateral: The in-game assets of Citizen Finance will serve as a collateral in lending platforms when gamers want to borrow funds from them.
Mechanism of the platform's token, CIPHI
CIPHI can be earned only through yield farming and staking of Citizen Finance's in-game assets in a decentralized pool. #ciphi Liquidity providers of a certain pool are rewarded with the CIPHI token once their liquidity pool has been staked.
Deduction of CIPHI
This is one of the mechanism of Citizen Finance token, CIPHI, and is used when a player who happens to be a farmer, starts a harvest. 5% of the rewards gotten is deducted from the total rewards, then sent to the Treasury, then the player or farmer receives the remaining 95%.
How is this treasury fund distributed in the background?
1% of the fund goes to the team wallet, 2% to developers who have voluntarily offered to assist, and the remaining 2% to the reward pool.
Uses of CIPHI tokens - Gamers can use the CIPHI token to purchase the in-game currency.
- It is used as the non-fungible minting fee on one of the applications of Citizen Finance, CifiPowa. #cifipowa
- Gamers can use it to auction for non-fungible tokens.
- Gamers can use the CIPHI token to pay for fees on the PowXR, another Citizen Finance application. #nft4XR
- Since it is a utility and governance token, it can be used to offer governance on the platform.
- Publishers who advertise within gaming platform will be paid with CIPHI.
- Gamers can stake CIPHI to earn liquidity rewards.
FOR MORE INFORMATION VISIT :WEBSITE : https://citizenfinance.io/• DISCORD : https://discord.com/invite/xqNxf63sHx• TWITTER : https://twitter.com/citizen_finance• WHITEPAPER : https://docs.citizenfinance.io/• TELEGRAM GROUP : https://t.me/ccbountyportals• MEDIUM : https://medium.com/@citizen_finance• REDDIT: https://www.reddit.com/u/citizenfinance• LINKEDIN: https://linkedin.com/company/arvrsecoWEBSITE : https://citizenfinance.io/• DISCORD : https://discord.com/invite/xqNxf63sHx• TWITTER : https://twitter.com/citizen_finance• WHITEPAPER : https://docs.citizenfinance.io/• TELEGRAM GROUP : https://t.me/ccbountyportals• MEDIUM : https://medium.com/@citizen_finance• REDDIT: https://www.reddit.com/u/citizenfinance• LINKEDIN: https://linkedin.com/company/arvrseco
PUBLISHERS DETAILS :
Bitcointalk Username : Balili
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2659344
BEP-20 WALLET ADDRESS : 0x7752137343F6E5e4e40f28D7BA28Cd0cCa334dCB