Blockchain technology has allowed some games to introduce real ownership of in-game assets, but the utility for this new concept is small and has no real impact on the industry. Citizen Finance will introduce new concepts and utilities for in-game assets using blockchain technology
What is Virtual Economy?
A virtual economy (or sometimes synthetic economy) is an emergent economy existing in a virtual world, usually exchanging virtual goods in the context of an online game, particularly in massively multiplayer online games (MMOs). People enter these virtual economies for recreation and entertainment rather than necessity, which means that virtual economies lack the aspects of a real economy that are not considered to be "fun" (for instance, avatars in a virtual economy often do not need to buy food in order to survive, and usually do not have any biological needs at all). However, some people do interact with virtual economies for "real" economic benefit.
Citizen Finance – Blockchain gaming finance
Citizen Finance as a GameFi protocol offers players the option to withdraw their unused in-game assets (non-fungible token) and stake on decentralized pools where they can earn Ciphi (CIFI) token. This mechanism will result in frequent withdrawals and deposits in and out of the ecosystem in which users will spend a lot of gas fee. Adopting a blockchain with less gas fee and fast transaction was our primary need when choosing a blockchain.
Citizen Finance is introducing something new into the utilities of in-game assets. We decided to adopt the Binance smart chain network because it is easy to understand, low cost gas fee, fast transaction and also similiar to the Ethereum blockchain.
What is NFT?
NFT stands for non-fungible token. Non-fungible is an economic term that you could use to describe things like your furniture, a song file, or your computer. These things are not interchangeable for other items because they have unique properties. Non-fungible tokens can be used to create verifiable digital scarcity, as well as digital ownership.
Use of NFT (in-game assets)
Citizen Finance NFT has multiple use case on the platform. holders of Citizen Finance NFT can:
● Use it to play Meta City FPS Game
● Stake it
● Resell it on secondary marketplace
● Use it as collateral
● and many more
Citizen Finance: Meta City
Citizen Finance: Meta City as a First-person shooter game will provide support for 100% ownership of in-game assets. The platform will allow players to withdraw and sell their in-game assets on the secondary marketplace, gift it out to friends, stake it on a decentralized pool to earn Ciphi token or use it as collateral on lending protocol.
Roadmap of Citizen Finance
Q1 2021
❏ Launch of website v1
❏ CifiPowa beta release
❏ Airdrop & Bounty
❏ Release of Meta City Pre-Alpha (PC)
##Q2 2021
Platform
❏ Presale
❏ Early Asset Offering (Kickstarter)
❏ NFT distribution
❏ Listing
Santa Fe
❏ CIFI-BNB LP Pool
❏ CIFI-BUSD LP Pool
❏ Citizen Pool
CifiPowa
❏ Launch of Registry
❏ Marketplace
❏ More development to editor
Meta City
❏ Internal Release of Blockdown District (alpha)
❏ Internal Release of Merchant District (alpha)
❏ Internal Release of Norse District (alpha)
❏ Internal Release of Port District (alpha)
❏ Internal Release of Battlefield (Multiplayer)
❏ Support for NFT as in-game Asset
CifiPowa X
❏ Development of beta-version
❏ Internal Test
❏ Public Release
Q3 2021
CifiPowa
❏ Support Auction-style
❏ Multiple Minting (ERC1155)
❏ More development to CifiPowa
Meta City
❏ Public Release of Blockdown District (alpha)
❏ Public Release of Merchant District (alpha)
❏ Public Release of Norse District (alpha)
❏ Public Release of Battlefield
❏ Reward Pool
❏ Internal Test of SaaVC
##CifiPowa X***
❏ Support NFT (CifiPowa)
❏ Art Exhibition
True ownership through virtual gaming economy
Digital game items would be represented on a blockchain as non-fungible tokens (NFTs) to imbue the quality of scarcity and enable true ownership of digital assets. With crypto wallets, ownership of items is associated with a user’s wallet address on a decentralized ledger which will presumably be supported by at least thousands of nodes. Therefore, even if game developers take a game down, a player’s in-game currency and items will still remain in his or her possession.
By introducing blockchain into the dermis economy, artists can develop their own skin, convert it into an NFT, and legally sell it on the secondary Citizen Finance market. The platform will be an open economy for gun artists to earn income doing their best. The skin must be approved by the Citizen Finance team and community through DCC before Citizen Finance can support it. There will be a number of guidelines artists must follow when developing skins for public use in order to avoid harmful content.
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
My Bitcointalk Username: Cristle
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2089872