Citizen Finance: Legal ownership of gaming assetssteemCreated with Sketch.

in citizen •  4 years ago 

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Citizen Finance was built with Innovation that offers players full ownership rights over in-game assets using blockchain technology. Citizen Finance's mission is to provide various tools to accelerate the masses

the adoption of non-exchangeable tokens in games, arts and fashion companies.

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.

  • Control

  • Belong

  • Exception

  • Income earned

  • Disposition

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.

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.

Token Information

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.
The financial framework of the Citizen Back wander is organized in this sort of way that from the profit of each client (for illustration, make the foremost of Staking), a expense of 5% is charged, that's despatched to the Extend Treasury, and after that it's distant apportioned among the rule group of stage designers, additional designers (consultants) and reward pool.To boom the expense of the CIPHI token, the Citizen Back wander team is making plans a month-to-month buyback of CIPHI tokens. For those purposes, the wander team will designate 20% of the structures month-to-month profit. At the indistinguishable time, 50% of the recovered CIPHI tokens can be burned, and the closing 50% can be despatched to the commend pool.

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Citizen Finance by issuing Ciphi tokens. This token is the native token of the Citizen Finance platform, the token is printed through NFT betting and Liquidity mining. Players can use the Ciphi token to buy NFT from the secondary market, and it can be used as a fee to launch their own skin proposal, an implementation fee for Cifipowa, stake Ciphi to get liquidity rewards and also be used for a loan protocol.

Specification

  • Name: CIPHI
  • Symbol: CIFI
  • Network: Binance Smart Chain
  • Decimal: 18
  • Type: Utility and Governance
  • Supply: 500,000

conclusions

There are many blockchains that promise the next big step when it comes to technology and its adoption. There is no doubt that every blockchain is unique in its own way, but not all business models can fit into every blockchain.
Citizen Finance as a GameFi protocol offers players the ability to withdraw their unused gaming assets (non-fungible tokens) and place a bet on decentralized pools where they can earn the Ciphi Token (CIFI).

For more information please visit the links below:

AUTHOR

Bitcointalk Username: Jadon Sancho
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2954208

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