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.
A blockchain is a secure and unchangeable log made up of metadata about when and how each transaction occurred. Blockchains are cryptographically secured, which provides security and trust for users. On a blockchain, in-game assets are represented as non-fungible tokens (NFTs). Citizen Finance offers players full ownership of in-game assets. In-game assets are blockchain-based non-fungible tokens in which players obtain rewards for playing the game and staking the assets on the decentralized pool.
What is Citizen Finance?
Citizen Finance is introducing something new into the utilities of in-game assets. It decided to adopt the Binance smart chain network because it is easy to understand, low-cost gas fee, fast transaction, and also similar to the Ethereum blockchain.
Benefits of the Ethereum blockchain
● Ethereum spawns other cryptocurrencies
Ethereum uses a different blockchain than bitcoin does and it is far more flexible. This means that other coins can be created on the actual blockchain. With bitcoin, there have to be hard forks to create a new blockchain for new coins to be created.
● Decentralized app (dApp) creation
The hashes on the Ethereum blockchain are not static. In other words, you can build on them in the form of apps that can be used for just about any application that you can think of. From banking apps to storage, there is no limit to what can be created on the blockchain.
What Is An Airdrop?
A cryptocurrency airdrop is an initiative undertaken by a project with a native token to distribute its cryptocurrency to current or potential users — usually for free — in a digital asset giveaway. Airdrops serve multiple purposes: marketing, creating liquidity, and helping to establish equitable governance mechanisms by decentralizing the token holdings of a platform. Crypto airdrop recipients are typically determined based on prior or current participation in another existing network such as Bitcoin or Ethereum, or through the usage of an exchange or wallet product.
Citizens with the highest invites will be rewarded with a different class of in-game assets:
● Top Inviter - Class 6 NFT
● Top 2-10 - Class 5 NFT
● Top 1-20 - Class 4 NFT
● Top 21-30 Class 3 NFT
● Top 31 - 50 Class 2 NFT
● Others Class 1 NFT
Citizen finance is a registered trademark of adverse studio . All logos are registered trademarks of their respective owners. Are copyrighted the native token of citizen finance platform . The token is minted through nft staking and liquidity mining user can utilize token to purchase nfts from the secondary marketplace use as fees to lunch own skil proposal development fee for cifipowa stake to Eran liquidity rewards and also use for lending protocol.
Citizen finance offers player s full ownership of in game assets .the games assets Blockchain based non fungible token in which player obtains rewards for playing the game and staking the assets on the decentralization pool with full ownership of in game assets users can sell them gift them use it is collateral
Citizen Finance is an introduction to GameFi and true ownership of in-game assets. While acting as a bridge between the world of traditional gaming and blockchain, Citizen Finance will create a platform where players are the true owners of their in-game assets, they can stake it, resell it, gift it or simply use it as collateral.
Right to property is often classified as human right which gives every citizen the right to own property purchased using their own fund. Property can include real estate, autos and in our case virtual properties like in-game assets. The main property rights are;
🔥Right of Control
🔥Right of Possession
🔥Right of Exclusion
🔥Right to Derived Income
🔥Right of Disposition
Till date, one of the most prominent problem in the traditional video gaming industry is denial of property right when it comes to in-game assets. Players are not the true owners of their in-game assets even if they had purchased it with in-game currency which in turn was purchased with fiat currency. What they can do with the asset is limited to the utilities of the game. The player lacks true control of their assets, can not derived income from it and also can not dispose it.
Blockchain technology has enabled some games introduced true ownership of in-game assets but the utilities for this new concept is still small and has no real impact in the industry. Citizen Finance will be introducing new concepts and utilities for in-game assets using blockchain technology
CITIZEN FINANCE OFFERS MULTIPLE USE CASE OF IN GAME ASSETS
Play
Trade
Exchange your in-game asset to other cryptocurrency on semarketplac ketplace
Stake
Stake your unused in-game assets on decentralized pools to earn CIPHI
Collateral
Use your in-game assets as collateral to borrow funds from lending protocols
WHY ARE NFTS SPECIAL??
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.
IPHI TOKEN
Ciphi is the native token of Citizen Finance platform, the token is minted through NFT staking and Liquidity mining. Users can utilize Ciphi token to purchase nfts from the secondary marketplace, use as fees to launch own skin proposal, deployment fee for Cifipowa , stake Ciphi to earn liquidity reward and also use for lending protocol.
SPECIPITIOM
Name: CIPHI
Symbol: CIFI
Network: Binance Smart Chain
Decimal: 18
Type: Utility and Governance
Supply: 500,000
Distribution
Mining (88%): 370,000
Presale (10): 50,000
Liquidity(1%): 25,000
Team (10%): 50,000
Airdrop & Bounty (1%): 5000
🌎🌎FOR MORE INFORMATION VISIT THIS SITE 🌎🌎
Website: https://citizenfinance.io/
Discord: https://discord.com/invite/xqNxf63sHx
Media: https://medium.com/@citizen_finance
MY AUTHOR
BTT username: Fredeix
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2209658