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.

What Citizen finance can Offer?

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) tokens. This mechanism will result in frequent withdrawals and deposits in and out of the ecosystem in which users will spend a lot of gas fees. Adopting a blockchain with fewer gas fees and the fast transaction was our primary need when choosing a blockchain.

Applications of Citizen finance

Citizen Finance applications can be seen as different layers of the citizen finance ecosystem. Every application is linked to another, together a multi-functional ecosystem will be created.
Citizen Finance helps to explore the latent opportunities in blockchain Technology by creating gaming finance with its native tokens. One of the most prominent problems in the traditional video gaming industry is a denial of property rights 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.

Ethereum blockchain in the gaming industry

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 similar to the Ethereum blockchain. Ethereum enables the deployment of smart contracts and decentralized applications (Dapps) to be built and run without any downtime, fraud, control, or interference from a third party.

Non-Fungible Tokens

NFTs are not a new concept and the first NFT-like token was the introduction of Bitcoin 2.x (aka colored coins) in 2012. While not being a new concept, the launch of Cryptokitties - a blockchain-driven platform where players have the chance to collect and breed digital cats, brought the attention of the world to this unique technology and thus began the NFT race. Cryptopunk was launched in 2017, the first project that aims to tokenize artwork using NFTs.

Non-fungible tokens in gaming finance

NFTs can enable gamers to truly own in-game items and transfer their assets from one game to the other. Citizen Finance is the world’s first blockchain-enabled role-playing game across multiple platforms with support for Non-fungible tokens and game finance. Non-Fungible Tokens or NFTs are unique cryptographic tokens that can be used for a variety of transactions, financial and non-financial, and metadata – required for the exchange and distribution of gaming tokens and earn more money than other tokens in this industry.

What are the Special 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.

Citizen Finance is the world’s first blockchain-enabled role-playing game across multiple platforms with support for Non-fungible tokens and game finance. Non-Fungible Tokens or NFTs are unique cryptographic tokens that can be used for a variety of transactions, financial and non-financial, and metadata – required for the exchange and distribution of gaming tokens and earn more money than other tokens in this industry.

Web : https://citizenfinance.io/
Whitepaper: https://docs.citizenfinance.io/
Discord: https://discord.com/invite/xqNxf63sHx
Medium: https://medium.com/@citizen_finance

Ownership
BitcoinTalk username : cryptopowering
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1771063;sa=summary
BSC Wallet: 0xa8fCC64437a70d49463c17207DEB3BCE0Dbe8ff0

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