What is Citizen Finance?
Citizen Finance is the introduction to GameFi and legal ownership of in-game assets. While another goal is to act as a bridge between the traditional gaming world and blockchain, Citizen Finance is based on creating a platform where players are the real owners of their in-game assets, gamers can bet, resell, gift or use as collateral in the future. to come.
Basically, property rights are often categorized as human rights which give every citizen the right to own property purchased with his own funds. Properties can include real estate, cars and in our case, virtual properties such as in-game assets. The main property rights, among others, are.The Blockchain technology developed by Citizen Finance allows some games to introduce legal ownership of in-game assets but the utility for this new concept is still small and has no real impact on the gaming industry. Citizen Finance introduces new concepts and utilities for in-game assets using blockchain technology.
Until recently, one of the most prominent issues in traditional gaming companies was the denial of property related to in-game assets. Players are not the actual owners of their in-game assets even though they have purchased them with in-game currency which is later purchased with fiat currency. What they can do with limited assets is the utility of the game. Players do not have proper control over their assets, cannot derive income from them, nor can they dispose of them.
Features of 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.
Citizen Finance Tokenomics
Ciphi is the local token of Citizen Finance platform, the token is minted via NFT staking and Liquidity mining. Users can make use of Ciphi token to buy nfts from the secondary marketplace, use as expenses to release very own pores and skin proposal, deployment price for Cifipowa , stake Ciphi to earn liquidity praise and additionally use for lending protocol.
Token information:
• Name: CIPHI
• Symbol: CIFI
• Network: Binance Smart Chain
• Decimal: 18
• Type: Utility and Governance
• Supply: 500,000
ROAD MAP
Q1 2021
Launch of website v1
CifiPowa beta release
Airdrop & Bounty
Smart contract development
Q2 2021
Presale
Early Asset Offering (Kickstarter)
NFT distribution
LP Mining
Forge
Marketplace
Meta City Pre-alpha
CifiPowa X (Beta)
Q3 2021
NFT marketplace (auction)
ERC1155 suport
Public Release of Blockdown district (Meta City)
Internal Test of SaaVC
Support NFT as in-game assets
Q4 2021
NFT on CifiPowa X
Art exhibition on Cifipowa X
Public Release of SaaVC
Marketplace API
Immersive Shopping
Q1 2022
Cross-chain features
Further development
CONCLUSIONS
Even with the invention blockchain gaming, gamers suffers from poor in-game asset management, this is going to be different looking at the way in which @Citizen Finance is rolling out it idea of managing in-game assets properly with tons of utilities by utilizing the power of blockchain and NFT technologies.
Official Resources Citizen Finance
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
BTT username: dey90
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=731808