What is Citizen Finance
Citizen Finance is a decentralized gaming platform with support for Essential Tokens (NFT) and gaming funding. This platform provides real ownership of gaming assets and supports next-generation NFT-based gadgets. Players are the real owners of their gaming assets, they can place bets, resell, donate or simply use them as collateral.
Citizen Finance was built around innovations that offer players full ownership of gaming assets using blockchain technology. Citizen Finance's mission is to provide a variety of tools to accelerate the massive adoption of non-refundable tokens in gaming, art and fashion companies.
Blockchain is designed as a decentralized database that functions like a distributed ledger. The advent of Blockchain technology has brought many benefits across many industries, including high security features. However, its decentralized nature also has disadvantages. For example, performance is limited compared to traditional databases due to small storage and capacity issues. In addition, implementation is also one of the main challenges faced by any blockchain project since there has not been a decentralized application launched yet. With all these problems in mind, Citizen Finance was formed to address them.
Rights of Civil Finance players
According to the requirements and rules of the platform, "Civil Rights" was developed. The player, as a civilian, owns his property, which is obtained through his own finances in the ecosystem. The concept of property will be treated as a real estate object, a vehicle, and, in fact, an asset in the game. The rights of all civilians have been established, including:
Controller
ownership
For exceptions
to receive income
Property disposal
Using NFT (in-game content)
Non-Fungible Token, which is also known as NFT, are best and beneficial for artistry and other kept sakes. Several specifications make this platform and token distinctive from others.
The central role of non Fungible Token is to support and rely upon the business replicas manifestos. At the same time, its primary purpose is to publish and constitute the arts and other funds-related affairs and factors like the share of a company, memberships, and other real estates. Similarly, it aims to encourage the holdings of benefits in-game and let the participants and contenders interchange benefits among one another legally and authentically.
Citizen Finance platform users will be able to use CIFI tokens to buy NFT on the secondary market, as a payment to launch their own NFT, send them to place bets to receive liquidity rewards, and use use them for the loan protocol. Additionally, the platform will reward players with CIFI tokens for motivation.
A total of 500,000 CIFI tokens.
It should be noted that the Citizen Finance platform retains 5% of the harvest that platform players harvest through farming in favor of the coffers.
The revenues from the treasury fund are allocated as follows:
1% for the group
2% is for developer volunteers
Bonus group 2%
And to add value to the CIFI token, Citizen Finance will conduct monthly token redemption using 20% of the in-game store profits. Furthermore, 50% of redeemed tokens will be burned and the remaining 50% will be sent to the reward pool. The redemption will continue until more than 50,000 CIFI tokens are burned.
why NFTS?
The specialty of non-fungible tokens revolves round three (3) concept namely; Unique, Rare & Indivisible.
Unique: One major feature that makes NFTs special is the fact of it being unique. Unlike fungible token, each nft has its own unique properties (metadata) that are peculiar to one token. It's impossible for 2 NFTs in same platform to have same properties.
Rarity: NFTs are rare collectibles with limited supply. The scarcity mechanism is one thing that makes owning a non-fungible token special.
Indivisibility: Unlike fungible token, a non-fungible token can not be divided into smaller units. Bitcoin and other fungible assets can be split into smaller unit but non-fungible token needs to be bought, sold and held as a single unit.
The use case of NFTs varies depending on the business model of the platform. While for the most part, it has been used to represent arts and in-game assets but its use case are not limited to arts and gaming alone. NFTs can be used to represent company shares, bonds, real estates, membership and many others. Terra Virtua has been able to successfully implement NFTs on arts, Cryptokitties and GodsUnchained brought NFTs to in-game assets while Decentraland, The Sandbox and Spheroid Universe are giving NFTs a unique use case in the digital real estate industry.
Citizen Finance introduction of NFTs for in-game assets is mainly to promote true ownership of in-game assets and enable players to legally exchange assets between one and anothers.
Token Information: Name: CIPHI
• Symbol: CIFI
• Network: Binance Smart Chain
• Decimal number: 18
• Type: Utilities and Management
• Scope of delivery: 500,000
Where will CiPHi Token use?
CIPHI token may be utilized to shop for NFT withinside the auxiliary advertise, it may be used: as charge for propelling your individual skins withinside the Meta City wear, the CIPHI token may be utilized as charge for the utilize of the CifiPowa representations editor to form and alter picture works of craftsmanship, the CIPHI token may be utilized for having a wagered in decentralized liquidity pools, the CIPHI token may be utilized withinside the loaning convention, CIPHI token may be utilized for in-sport publicizing. In expansion, the Citizen Back wander plans to energize the Meta City shooter gamers through productive them for his or her exuberant support withinside the don. Meta City gamers can be able of change over Meta play cash into CIPHI tokens on the cost of one Meta = 0.01 CIPHI.The Citizen Fund wander team plans to disperse CIPHI tokens as takes after:
88% of the overall deliver of CIPHI tokens will now no longer input the circulating deliver immediately, however gradually, withinside the method of mining,
10% of CIPHI tokens allotted for pre-sale
1% allotted to preserve liquidity, for you to be frozen for six months
10% of CIPHI tokens are allotted for the Citizen Finance venture crew, whilst simplest 10% of this quantity can be obtained through the crew on the very starting of the venture launch,
bounty and airdrop, the crew allotted 1% of the overall issued CIPHI tokens.
Conclusions
The Citizen Finance ecosystem is an independent ecosystem that brings something new to the world in terms of the usefulness and value of gaming assets. Now you can not only join a team game, but also get financial benefits for yourself. Interaction with Binance's smart grid allows token holders to easily buy, exchange and sell assets (CIFI).
For more information please visit the links below:
website: https://citizenfinance.io/
Whitepaper: https://docs.citizenfinance.io/
Discord: https://discord.com/invite/xqNxf63sHx
Medium: https://medium.com/@citizen_finance
Reddit: https://www.reddit.com/user/citizenfinance
Telegram: https://t.me/citizen_finance
Twitter: https://twitter.com/citizen_finance
AUTHOR
Bitcointalk Username: Dewi08
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=894088