Citizen Finance is a platform which offers their players complete control over their in-game assets. #gamefi This is not so in numerous centralized gaming platforms as the control given to the players are only within their platform, and few utilities, if not none, are available. The proper utilization of these in-game assets have already begun in the decentralized space, although they are not as broad as Citizen Finance hopes for it to be. That is why Citizen Finance has come up with a way to properly reward the players through their in-game assets on the platform. #ownership The in-game assets of Citizen Finance are non-fungible tokens that can be used to play games or even stake in decentralized pools and earn rewards for doing so. As long as the player fully owns these in-game assets, they can decide to use it, sell it, gift it or even use it as a collateral to borrow. #citizenfinance
Citizen Finance offers so many use cases of their in-game assets to players. They include:
- Playing of games. The in-game assets can be used to play the platform's gaming application(Meta City FPS game). #nft4fps
- Trade for other crypto: Players can decide to exchange their in-game assets for a crypto at any point.
- Stake the in-game assets: In-game assets that have not yet been used to trade or play games on Meta City, can be used to stake in decentralized pools, and rewards will be in the platform's token, CIPHI. #ciphi
- It can serve as a collateral. For players who want to borrow on a lending protocol, they can use their in-game assets as their collateral.
The use of NFTs are supported @Citizen Finance, and its usage will serve as a great way to handle them through the platform.
What are NFTs? These are the tokenized types of non-fungible assets. These assets are special in their own way owing to the fact that they have properties and individual features. NFTs can serve as a way to earn digital ownership with ease.
NFTs are not entirely new to the crypto and decentralized space, as it was first heard of when Bitcoin 2.x was introduced in 2012. It was then known to be the first NFT-like token. The introduction of Cryptokitties brought about the full recognition of the concept called NFTs. This platform served as a means for players to digitally breed cats. Cryptopunk was later introduced in 2017 which acted as a means to tokenize artworks with the help of NFTs.
The uniqueness of this concept, NFT are based on three factors; Its rare nature, indivisibility, and its uniqueness.
- Its rare nature: NFTs are rare in nature, with just limited supply of the collectibles. This mechanism adopted by NFTs make the owning of these collectibles special.
- Indivisibility: The NFTs are not like fungible tokens which can be divided into smaller pieces. Holders would have to take it in whole. This is the same way it will remain when being bought and sold.
- Uniqueness: This is one of the features that makes NFTs special. For each NFT, is a property(metadata), and cannot be shared between two tokens on the same platform.
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/arvrseco
#citizenfinance, #nft4fps #nft4XR #cifipowa #metacity #gamefi #citizens #cifi #defi #ciphi #bsc #blockchain #ownership
PUBLISHERS DETAILS :
Bitcointalk Username : Balili
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2659344
BEP-20 WALLET ADDRESS : 0x7752137343F6E5e4e40f28D7BA28Cd0cCa334dCB