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
Citizen finance supports cryptocurrencies and several games. You can use particular assets and liabilities to play some games. Similarly, you can buy, sell and trade cryptocurrencies here on this marketplace. Likewise, if you are not interested in some in-games, then you can pole or spike these trashed in-games to earn rewards. Citizen Finance is a very secure website regarding your exchanges, returns, and to lend some collections and funds. The main aim of this manifesto is to facilitate you. Citizen finance is meant for players, investors, designers, creators, accumulators and to cover up the whole community with security and transparency.
On citizen finance, a gamer can quickly get access to their benefits with its emerging technologies. You can trade, secure or prop up your in games advantages here. Similarly, you can also earn various rewards and achievements by supplying fluidity and runniness on dispersed interchanging. You can also craft your masterpieces by transforming your artistry into electronic payables and treasures. These transformations can be employed in particular presentations and showcases. Moreover, all these efforts are recompensed as inducements of community.
Features
Any player can effortlessly get ownership in-game for benefits and profits. On this platform, you can easily extract and pull out your services and advantages on a particular marketplace. You can avail of top features by Non-Fungible token. This platform lets players get some funds, and you will be given some time to return these collections in a limited time. You can also go through Santa Fe, which is a decentralized manifesto for investment, staking and will help in other assets.
Here you will also see a rarity option. Rarity alternative will enforce a unique and different defacing ability in this site. Similarly, you will also get a benefit known as Face Value. Face value is the quantity of tokens and tickets obtained by the holder to support fluidity and runniness.
Non- Fungible Token
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.
CIPHI token
The Citizen Finance project has created a token that will be used on the gaming platform. This token is called CIPHI. The CIPHI token is created on the Binance Smart Chain and has a total supply of 500,000 tokens.
At the same time, a significant part of these tokens (88%) will not go into circulation immediately, but gradually, as a reward for placing in liquidity pools, rates of NFT tokens, as well as participation in lending.
Thus, the CIPHI token can be used to:
purchases of in-game assets in the Meta City game,
the CIPHI token can be exchanged in the secondary market for another cryptocurrency,
the CIPHI token can be used for Staking in decentralized pools and for this you can receive additional CIPHI tokens,
CIPHI token can be used as collateral for borrowing funds from credit protocols.
The Citizen Finance platform already has a protocol called Citizen Santa Fe. It is this protocol that enables users to carry out Staking and Lending. This protocol is a decentralized financial instrument that emphasizes Citizen Finance's affiliation with DeFi projects and enables users to receive additional passive income from participation in Stekenge, as well as receive credit funds secured by CIPHI tokens.
Also on the Citizen Finance platform, a protocol called Citizen CifiPowa will soon appear, which will serve to transform images and professional designs into digital art NFT on the Binance smart network.
In the future, the Citizen Finance project plans to create additional applications that will be useful for the development of the project.
As we can see, dear friends, the Citizen Finance project created a platform that synthesized the game project with the DeFi project, which is a completely new introduction to blockchain technology and is amazingly interesting in its combination. I think in the future, many players and crypto users will be able to appreciate this platform.
OFFICIAL LINKS OF THE CITIZEN FINANCE PROJECT:
Website: https://citizenfinance.io/
Whitepaper: https://docs.citizenfinance.io/
Discord: https://discord.com/invite/xqNxf63sHx
Medium: https://medium.com/@citizen_finance
Twitter: https://twitter.com/citizen_finance
Telegram channel: https://t.me/citizen_finance
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cassano
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