INTRODUCTION
CITIZEN is one of the best project in this world .
The gaming industry still been plagued with non existence of true ownership .when this comes to in game assets . according to news the world 2.7B gamer will speed 159 up B doller on game in 2020 .the market will surpass 200 B doller by 2023 .this is coming after 87 B doller was spent in 2019 by games to purchase in game assets withce the have no tru ownership over ..ll
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 secondary marketplace, gift it out to friends, stake it on decentralized pool to earn Ciphi token or use it as collateral on lending protocol.
WHAT IS CITIZEN FINANCE
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
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
BINANCE SMART CHAIN
Popularity is not the first thing to consider when adopting a blockchain network. The most important thing to consider is "if the blockchain fits into your business models and operation".
There are many blockchain out there all promising the next big thing when it comes to technology and 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 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 to 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.
ROADMAP
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
SPECIFICATION
Specification
Name: CIPHI
Symbol: CIFI
Network: Binance Smart Chain
Decimal: 18
Type: Utility and Governance
Supply: 500,000
Distribution
Mining (75.875%): 379,375
Sales IDO (10): 50,000
Liquidity(3.125%): 15,625
Team (10%): 50,000
Airdrop & Bounty (1%): 5000
NFT concept
The first project to use NFT was Bitcoin 2.x (or color currency, in 2012). However, for many years this standard was not required until Cryptokitties came into being. With the help of the platform, users have bred and sold virtual cats, while making good money. In 2017, the NFT sphere was reformatted by Cryptopunk, translating the standard for the purchase of tangible assets of value - paintings, bonds. Citizen Finance will allow holders of designated standard-use tokens to withdraw unused assets, i.e. non-exchangeable assets in the ecosystem. You can also place unlimited bets on decentralized groups, while earning extra Ciphi (CIFI) tokens. This mechanism will allow the ability to withdraw some of the deposits in the ecosystem. This will be especially true for situations where the owner, due to some circumstances, spends more money on gas. Blockchain will be represented by a system with lower gas costs and extremely fast transactions in the ecosystem.
The Game and the Asset
Accessing the In-Game Assets on Citizen Finance starts with the video games you play. In this case, the video game of the broader Citizen Finance ecosystem is called Mega City.
For you to make Non-Fungible Tokens (NFTs) interoperable with the video game, all you have to do is to buy any of the In-Game Assets within the Mega City video game ecosystem. This is because every In-Game Asset in Mega City is designed to work as a Non-Fungible Token (NFT).
This is also realistic because NFTs are generally designed to be unique, and the In-Game Assets on Mega City are also unique.
Unique Attributes
The In-Game Assets on Mega City are also designed to have unique attributes. These attributes are designed in a way that they offer unique features that combine with the In-Game Assets to make them attractive.
It will interest you to know that one of the most important attributes of Citizen Finance In-Game Assets is the Rarity. The Rarity, in this case, means that these assets have rare features that cut across:
●Elite
●Common
●Epic
●Legendary
●Rare and
●God
The rarer the attributes are, the more unique they become. For example, the God attribute of the Rarity attribute is designed to help the players to become more serious, because this NFT is rarer more than the others are.
Face Value
Citizen Finance also has another attribute that contributes to the rarity of its features. That attribute is called Face Value.
Face Value has to do with the amount of crypto token that each of the players needs to obtain before liquidation.
DamagingPowa
Worthy of mention is that the strength of an In-Game Asset on Citizen Finance is accessed via the DamagingPowa attribute.
The work of this attribute is to help determine the strength of the asset. This is an innovative attribute because it ensures that the overall value of the attribute or NFT is accessed and recorded on the blockchain.
CIFI token
CIFI Civic Finance token will be used as parent company's base currency. Token generation will be done using the NMT standard, as well as through extracting its own liquidity. Each game platform user will be able to use CIFI tokens to buy gifts, moreover, on the secondary market. It can also be used as a fee for your own civic initiatives, utilizing skin incentives through the implementation of the Cifipowa initiative. Tokens can be used as a liquid reward. There is a platform for good creative streams with CIFI token.
Citizen Finance ecosystem is an independent ecosystem that brings something new to the world in terms of the usefulness and value of game assets. Now, you can not only join the team game, but also get financial benefits for yourself. Interaction with the Binance smart network allows token holders to easily buy, exchange, and sell assets (CIFI). For fuel, that is, for gas, the cost will be reduced several dozen times, even eliminated entirely. Additionally, players at any stage of interaction with the ecosystem can withdraw their funds without the presence of sanctions and fines from the community. Overall, the platform is a bit like Ethereum, but with its exclusive charm. Transactions for internal operations are carried out immediately, with no difficulty in processing information chain.
Official links to the Citizen Finance project:
Website: https://citizenfinance.io/
Twitter - https://twitter.com/citizen_finance
Facebook - https://www.facebook.com/MocktailSwap
Author : Tokyo Ghoul
Bitcointalk profile https://bitcointalk.org/index.php?action=profile;u=1849613